Bloomberg Virgin Atlantic Airways Ltd is in discussions with its shareholders about a 400 million-pound ($540 million) capital injection, according to a person familiar with the matter. Added funding would bolster Virgin Atlantic’s balance sheet as it looks to cash-in on pent-up demand for air travel as restrictions lift, said the person, who requested not being identified because the information ...

Bloomberg Airbus SE secured the second order for its coming A350 freighter, reaching an outline agreement with French shipping firm CMA CGM Group covering four of the wide-body twinjets. The memorandum of understanding is expected to be finalised over coming weeks, according to a statement. It follows a separate deal for seven A350Fs reached with leasing giant Air Lease Corp ...

Bloomberg Large US airlines are carrying about $20 more debt per passenger than before the pandemic, according to the chief executive officer of Frontier Group Holdings Inc., who predicts the carriers will start addressing those obligations with higher fares. “How long can that last?” asked Barry Biffle, CEO of ultra-low-cost Frontier Airlines. “They either have to raise their leisure fares ...

Bloomberg Foot Locker Inc fell the most intraday in nine months after reporting sales that missed Wall Street’s expectations as a supply-chain crunch pressures the sneaker retailer ahead of the holiday shopping season. Comparable-store sales, a key retail metric, rose 2.2% last quarter, the company said. Analysts had been expecting a gain of 2.9%, according to the average of estimates ...

Bloomberg Wesco Aircraft Holdings Inc left bondholders scratching their heads when the struggling aerospace supplier added about $100 million of cash to its balance sheet, seemingly overnight and without much explanation. They’re trying to parse what happened after the company, which is backed by billionaire Tom Gores’ Platinum Equity, privately informed investors about a set of transactions that depleted and ...

Bloomberg Europe faces a “synchronised” series of crises around Belarus, from the political to energy and security, Polish Prime Minister Mateusz Morawiecki said as he again blamed Russia for being behind the migrant crisis on its border. Speaking during his tour of three Baltic states, Morawiecki voiced alarm over tensions flaring from Belarus to Ukraine, and warned of Moscow’s “appetite ...

Bloomberg China downgraded ties with Lithuania to the level of charge d’affaires, further raising tensions after Taiwan opened a diplomatic office in the Baltic nation. Lithuania is “walking back on political promises” made in a communique for establishing diplomatic links with China, the Chinese Foreign Ministry said in a statement. China withdrew its ambassador from Lithuania in August in protest ...

Bloomberg Tens of thousands gathered in Vienna to protest the Austrian government’s new vaccine mandate and a national lockdown to contain record coronavirus cases. The demonstration came as unrest is on the rise in Europe, where governments, desperate to end the pandemic and its damage to their economies and healthcare systems, are increasingly focusing on the unvaccinated. Austria will enter ...

Bloomberg Bulgarians are voting in a presidential runoff that is likely to re-elect incumbent Rumen Radev to a new five-year term and cement gains for political forces who ousted long-serving Prime Minister Boyko Borissov. After winning the first round of elections with nearly 50% of the votes, Radev faces Anastas Gerdzhikov, the head of Bulgaria’s largest university and backed by ...

Bloomberg Chileans headed to the polls to choose between diametrically opposed paths to address growing social demands that have been laid bare by the pandemic and two years of popular unrest. Voters will choose between seven contenders for the top job, including conservative Jose Antonio Kast and leftist Gabriel Boric, the two front-runners. They will also elect deputies for the ...