Bloomberg Hedge fund Cyrus Capital is in negotiations with Flybe’s administrator, Ernst & Young, to reacquire some of the airline’s assets. A shareholder of Flybe before its collapse this year, Cyrus wants to relaunch a smaller version of the failed carrier next year, Sky reported, without saying how it obtained the information. Both Cyrus Capital and EY declined to comment ...

Bloomberg Asia’s largest retailer Fast Retailing Co sees profits growing slightly beyond analysts’ expectations this fiscal year, driven by a robust recovery from the Covid-19 pandemic in the Uniqlo owner’s key China and Japan markets. Operating profit will probably be 245 billion yen ($2.3 billion) for the year through August 2021, the Japanese company said in a statement. That compares ...

Bloomberg Prime Minister Scott Morrison’s government is adding more commercial flights from the UK, India and South Africa and boosting quarantine places so that more Australians stranded overseas by the pandemic can return home. Morrison said Qantas Airways Ltd will provide eight flights over coming weeks from London, New Delhi and Johannesburg. Australia’s capacity to let citizens and permanent residents ...