Bloomberg Latam Airlines Group SA and Avianca Holdings SA were both downgraded further into junk territory by Fitch Ratings, which said that the economic slowdown in the region will be an obstacle for them to cut debt. Fitch cut Latam’s long-term foreign currency credit grade one step to B+, four levels below investment grade. The outlook for the Santiago-based carrier …

DUBLIN / Reuters Founder Pat Byrne and private equity backers have repurchased Irish regional airline CityJet from German owners Intro Aviation for an undisclosed sum, the company has recently announced. The regional airline, which carried around 2 million passengers last year, was bought from Air France-KLM in 2014 by Intro Aviation. CityJet operates eight routes into the small London City …

Bloomberg Next, one of Britain’s biggest fashion retailers, warned that 2016 was set to be its toughest year since the global financial crisis, sending its share price tumbling. “The year ahead may well be the toughest we have faced since 2008,” chief executive Simon Wolfson said in the company’s annual results statement as Next slashed its sales forecast. “We are …