Bloomberg Ryanair Holdings Plc slashed its schedule and cut back its presence in several countries, blaming tighter travel restrictions that have hammered demand in Europe. The shares fell after the Irish discount carrier said it will operate at about 40% of its 2019 winter capacity, down from a previous plan to run at 60%. Ryanair will reduce the number of ...

Bloomberg A panel of creditors to Jet Airways India approved a resolution plan for the bankrupt airline, bringing a 16-month long process to recover dues to lenders closer to completion. Jet Airways’ lenders accepted the plans submitted by Murari Lal Jalan and Florian Fritsch, the carrier said. The airline didn’t provide any further details on the bidders or their proposal. ...

Bloomberg A plan to sell bankrupt JC Penney Co’s retail operations to its two biggest landlords stalled, raising the prospect that creditors will carry the burden of millions of dollars in extra costs as the retailer prepares for the crucial holiday season. Talks between JC Penney’s lenders and the would-be buyers, mall owners Simon Property Group and Brookfield Property Partners, ...