Bloomberg Avianca Holdings SA asked a judge for permission to exit bankruptcy under a plan that the airline says will eliminate about $3 billion in debt and preserve over 10,000 jobs. Latin America’s second-largest airline before the pandemic presented its restructuring plan at a hearing in New York. If approved, the 102-year-old company is eyeing an exit from bankruptcy this ...

China’s Communist leaders have always been comfortable with contradictions. How else could a party that rules in the name of Marxism-Leninism have created a country with more billionaires and wider income disparities than many capitalist democracies? It’s even baked into the governing ideology, which sees dynamic opposing forces as ever-present, with society moving forward as these are resolved in a ...

Bloomberg London’s Heathrow airport said it saw its first full quarter of passenger growth since 2019 as restrictions eased and travellers returned to flying. Traffic reached 28% of pre-pandemic levels in the third quarter, the airport said as it reported financial results. However, 3.4 billion pounds ($4.7 billion) in losses since the start of the Covid outbreak “underscore the long ...