Bloomberg Italy’s new state-backed airline, Italia Trasporto Aereo SpA, will seek to buy the Alitalia name in time for its start of service in mid-October, according to people familiar with the matter. A market-price auction of the brand was outlined in a decision released by the European Commission. It’s one of the measures required in order to consider ITA a ...

Bloomberg Japan Airlines Co plans to raise about 300 billion yen ($2.7 billion) via subordinated bonds and loans to shore up its capital in case the coronavirus pandemic hurts travel demand longer than it expects. The Tokyo-based carrier said it secured around 200 billion yen in loans from four Japanese banks and plans to sell 100 billion yen of bonds. ...

Bloomberg American Airlines Group Inc will hold on to more of its record $21 billion in cash amid continued uncertainty over the industry’s recovery from a pandemic-driven slump. The carrier previously said it would bring liquidity down to between $10 billion and $12 billion at some point next year, with anything above that level being used to pay off debt. ...