PRESS DIGEST- British Business - May 29
May 29 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.
April 20 WestJet Airlines Ltd said on Thursday it plans to launch an ultra-low-cost carrier in Canada.
The Canadian transport minister, in November, lifted foreign investment limits for Canadian airlines to 49 percent from 25 percent, a change spurring competition and lower fares by encouraging the launch of low-cost airlines.
The company said it plans to start the service late in 2017 with an initial fleet of 10 Boeing 737-800s aircrafts. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Shounak Dasgupta)
* unit entered into arrangements regarding acquisition of a 30% interest in each of PPLs 474, 475, 476, 477 and PRL 39 from Exxonmobil affiliates Source text for Eikon: Further company coverage:
* Novo Resources to invest $2m to earn in to new 50/50 gold exploration, development, mining and collaboration jv in Karratha. Source text for Eikon: Further company coverage: