Bloomberg Sycamore Partners is looking to take most of its cash out of Staples Inc through a recapitalisation that will saddle the company with roughly $1 billion of additional debt, according to people with knowledge of the plan. If successful, the debt sale will allow the private equity firm to recoup roughly two-thirds of the $1.6 billion it put up ...

Bloomberg India is mulling options to save jobs at Jet Airways India Ltd including asking low-cost carrier SpiceJet Ltd to consider taking over some of the debt-laden company’s aircraft, people with knowledge of the matter said. The proposal involves SpiceJet, led by Chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes that are owned by lessors, ...

Bloomberg Portuguese airline TAP, partially privatised by the government in 2015, said it’s preparing for an initial public offering. The carrier, part-owned by airline tycoon David Neeleman, is readying itself for a sale but can’t be sure when that might be, Chief Executive Officer Antonoaldo Neves said at a press conference in Lisbon. “We’re preparing the company so that when ...