Reuters Citigroup has dropped out of the group of banks providing a $1.5 billion bridge loan to Gulf-based Adeptio for its planned purchase of a majority stake in Kuwait Food Co (Americana), three sources aware of the matter said on Thursday. The US bank failed to secure internal approval to participate in the deal, with two of the sources …

Bloomberg Airbus Group NV reported a 23 percent drop in first-quarter profit as its two newest jets suffer delivery delays, and said fresh problems with the troubled A400M transport plane could hurt future earnings. A ramp up in production of the A320Neo will be delayed until the second half as Pratt & Whitney works to fix an engine glitch, Airbus …

  Berlin / AFP Germany’s Lufthansa has postponed until September a decision on the acquisition of Brussels Airlines following last month’s deadly attacks on the Belgian capital, the airline said. The delay would allow the Belgian carrier to resume flights in the wake of the suicide bombings that targeted Brussels airport and a metro station, leaving 32 people dead, Lufthansa …