Bloomberg Apollo Global Management Inc won court approval to provide a $1 billion bankruptcy loan for Grupo Aeromexico SAB, paving the way for the airline to proceed with its restructuring plans. The decision resolves a clash between Apollo and a group of bondholders while bolstering Aeromexico’s efforts to weather an unprecedented collapse in air travel. The disagreement had prompted a ...

Bloomberg A union representing Cathay Pacific Airways Ltd crew called on members to sign a petition to prize out more information about a restructuring plan amid concerns that the troubled carrier is set to cut jobs. “The whole crew community is shrouded in anxiety with numerous unverified news about redundancy circulating among social media groups,” Cathay Pacific Airways Flight Attendants ...

Bloomberg Tesco Plc’s new chief executive officer reported a strong rise in first-half sales as more people bought groceries while working from home during the pandemic. Tesco’s like-for-likes sales in the UK and Ireland, its core market, rose 7.2% as people ate more at home than in cafes and restaurants. Tesco also slightly upgraded its outlook on retail profitability for ...