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EasyJet, Air France, Cerberus approach to takeover Alitalia

Bloomberg EasyJet Plc, Air France-KLM Group and Cerberus Capital Management have made a joint approach to the Italian airline Alitalia SpA about a possible takeover, said a person familiar with the matter, betting the unprofitable carrier will provide a gateway to expansion in the Mediterranean market. EasyJet, Europe’s second-biggest low-cost airline, said it has submitted a “revised expression of interest ...

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Airbus CEO warns UK over Brexit uncertainty

LONDON / Reuters Airbus wants Britain to provide more clarity over the country’s future relationship with the EU, or risk losing investment, the European planemaker’s CEO said. “We must have more clarity on the UK’s long-term relationships, not just for the next 20 months,” CEO Tom Enders said in an opinion piece in the Financial Times. “Britain must recognise that ...

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Canada firm opens door to Amazon with Coveris deal

Bloomberg Canada’s biggest printer says its latest deal opens the door to making Amazon.com Inc. a customer as the online retail giant tries to break into the fresh-food delivery business. Transcontinental Inc.’s proposed $1.32 billion purchase of Coveris Americas will bring on board several food suppliers that rely on Coveris for packaging, Chief Executive Officer Francois Olivier said. Several of ...

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