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Lufthansa adds flights to meet rising demand

Bloomberg Deutsche Lufthansa AG will expand its Christmas flight schedule after a surge in bookings from German tourists, a rare piece of good news for the carrier as it battles to recover from the coronavirus crisis. Lufthansa will add flights to southern European destinations including in Greece, Italy and Spain to meet the rising demand, the company said in a ...

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TUI rescue swells to $5.8bn with third government deal

Bloomberg TUI AG, the world’s biggest tour operator, will see its rescue funding topped up to 4.8 billion euros ($5.8 billion) after securing a third tranche of aid from the German government and cash from private investors. The latest package of 1.8 billion euros will include 1.3 billion euros from the state — amassed from federal fund WSF, state-run lender ...

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Francesca’s files for bankruptcy with Covid toll rising

Bloomberg Boutique women’s clothing chain Francesca’s Holdings Corp filed for bankruptcy after the pandemic eroded the company’s already flagging sales. The Houston-based company sought Chapter 11 protection in US Bankruptcy Court in Delaware with plans to sell the business, according to a statement. TerraMar Capital LLC or an affiliate has agreed to become the stalking-horse bidder in a court-supervised auction, ...

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