Bloomberg Pat Byrne, chairman of CityJet Ltd., purchased the carrier he once founded — less than a month after the sale of London City airport. Byrne, his management team and an unidentified consortium of private equity companies purchased CityJet, the largest airline at the airport, from Intro Aviation GmbH, the German company said in a statement, without disclosing financial details. …

Madrid / AFP One of the world’s biggest renewable energy firms, Spain’s Abengoa, said on Monday it had been given a seven-month breathing space by its creditors for restructuring that should stave off the threat of immediate bankruptcy. The company ended 2015 with a debt of €9.4 billion, which it hopes to slim to €4.9 billion. It announced in November …

Brussels / Reuters Three cases on the legality of bulk data collection pending at the top European Union court could spell trouble for a new transatlantic data pact that will underpin billions of dollars in digital trade. EU and U.S. officials clinched an agreement on the Privacy Shield framework on Feb. 2 after two years of difficult talks aimed at …