Bloomberg Distressed flag carrier PT Garuda Indonesia plans to undertake a rights issue to raise additional capital and will invite strategic investors to take part as it attempts to revive its ailing business. The airline expects to launch the equity issue after the Indonesian government makes good upon its plan to inject the carrier with fresh funds, Finance Director Prasetio ...

  Bloomberg UK convenience store operator McColl’s Retail Group Plc said it is in talks on a financing deal to save the company, but warned shareholders that they face wipeout even if a pact is reached. The stock plunged 55%. “A potential financing solution is under active discussion with its key commercial partner and lenders which would resolve the short ...

  Bloomberg New Yorkers looking to fly into the East Hampton Airport this summer will still be able to — but there will be fewer flights, and it’ll be costly. Blade Air Mobility Inc expects 60% of its typical volume to be diverted to neighbouring towns of Montauk, Southampton and Sag Harbor, according to the New York-based company. That’s because ...