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Lufthansa pitches $6.5b proposal to raise capital

Bloomberg Deutsche Lufthansa AG will ask shareholders to approve a capital increase that would open a path towards removing the German government as its biggest shareholder. The proposed 5.5 billion euros ($6.5 billion) in fresh capital would give Europe’s largest airline enough cash to replace a so-called silent participation, a major part of Lufthansa’s 9 billion-euro bailout from the state. ...

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United Air to restart pilot hiring in sign of rebound

Bloomberg United Airlines Holdings Inc will resume pilot hiring as the carrier sees signs of a sales recovery amid expanding US vaccination campaigns. The carrier will begin with 300 pilots who received a conditional job offer last year or had a new-hire class that was canceled, Bryan Quigley, senior vice president of flight operations, told employees. The decision followed a ...

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Nomad Foods aims to grow Ledo brand after deal: CEO

Bloomberg Nomad Foods Ltd plans to grow the Ledo frozen-food group brands, not spin them off, after sealing a $724-million Croatian acquisition that gives Europe’s largest frozen food business a foothold in the Balkans. “It would be a big mistake to make any change,” Chief Executive Officer Stefan Descheemaeker said in an interview via a video-link. “We are in the ...

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