Bloomberg JC Penney Co’s lenders are preparing to take ownership of the retailer as talks with potential outside buyers reach an impasse, an attorney for the company said in a bankruptcy court hearing. “We’ve hit a stalemate,” the attorney, Joshua Sussberg of Kirkland & Ellis LLP, said in the hearing. “Our lenders will no longer be held hostage” by outside ...

Bloomberg AirAsia Group Bhd is charging passengers who check in at airport counters rather than via its website, mobile app or self-service kiosks. The budget carrier, which posted a record loss last quarter, is charging 20 ringgit ($4.82) per passenger on counter check-ins for domestic flights and 30 ringgit for international trips, effective from Tuesday, it said in a statement. ...

Bloomberg Colombia’s disaster fund will lend as much as $370 million to Avianca Holdings SA to help with its restructuring after a halt in travel during the Covid-19 pandemic forced the company into bankruptcy, the country’s finance ministry said in a statement. The emergency mitigation fund’s committee approved the government-backed loan, due November 2021, under the framework of debtor-in-possession financing ...