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Virgin Atlantic Air sells jets to pay off rescuer

Bloomberg Virgin Atlantic Airways Ltd sold two Boeing Co 787 jetliners to fund the repayment of a loan from hedge fund Davidson Kempner Capital Management that formed the basis of a hard-won rescue last year. The planes were bought by Griffin Global Asset Management and Bain Capital Credit, Virgin Atlantic said in a statement. The sale and leaseback deal, which ...

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UK closes travel corridors; arrivals need negative test

Bloomberg The UK said it will close its travel corridors with countries around the world, meaning all visitors from overseas will require a negative coronavirus test within 72 hours of travel to enter Britain. Visitors may be checked when they arrive in the UK and could face substantial fines if they don’t comply, Prime Minister Boris Johnson said at a ...

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Searchers hunting for Indonesia jet recorder

Bloomberg Indonesian divers retrieved the battered casing of the cockpit voice recorder from the Sriwijaya Air jet that plunged into the Java Sea on January 9, but not the crucial memory unit containing its data. The computer chips that store a recording of pilot communications and ambient sounds in the cockpit broke loose from the so-called black box’s exterior, the ...

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