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Leveraged-loan buyers clamour for crumbs in hot market

Bloomberg When a Credit Suisse Group AG salesman asked investors for their final orders for pieces of a corporate loan this week, his email included an unusual visual goad: a photograph of a few crumbs of cake left on an otherwise empty plate. The bank received so much demand for the $5.05 billion loan, which is helping to finance KKR ...

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JetBlue bets on fewer-frills fare, bag fees to lift revenue

Bloomberg JetBlue Airways Corp., lagging the airline industry’s share returns for a third straight year, is stepping up efforts to boost revenue. The New York-based carrier led US airlines in raising fees for checked bags this summer. It’s cutting frills in a new fare class designed to keep up with similar offerings at larger rivals and smaller discounters. And its ...

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Primera Air filing for bankruptcy citing Airbus delivery delays

Bloomberg Primera Air is filing for bankruptcy. The Nordic carrier, which had only just started a new business flying long-range, fuel-efficient Airbus SE narrowbodies across the Atlantic, will cease operations as of midnight, it said in an emailed statement. The airline, which along with Norwegian Air Shuttle has attempted to upend the existing trans-Atlantic thoroughfare with low-cost, long-haul flights, was ...

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