Bloomberg Deutsche Lufthansa AG will cut 20% of managerial positions and accept no more than 80 planes from its current order book as it slashes spending to be able to repay as much as $10.1 billion in government aid. The German national carrier will also eliminate 1,000 administrative positions in a second round of cost cutting amid a slump in …

Bloomberg Kenya Airways pilots warned the carrier against cutting jobs and offered to go on unpaid leave to help mitigate the impact of the Covid-19 outbreak on the East African airline. The aviators will consider voluntary breaks only if it serves “to secure jobs” and cushion the airline “from further effects of the pandemic,” the Kenya Airlines Pilots Association said …

Bloomberg Japan’s financial regulator is running out of patience with regional banks that are struggling to adapt to an increasingly grim business environment. The Financial Services Agency (FSA) has targeted some local lenders for “intensive dialogue,” which could lead to regulatory action if they fail to convince it of their viability, Commissioner Toshihide Endo said. He hinted at the need …