Bloomberg Cathay Pacific Airways Ltd is still burning through as much as HK$2 billion ($258 million) a month and will continue to do so until the market recovers from the coronavirus crisis, the company said as it reported dismal August traffic figures and reiterated the need to restructure. “We are weathering the storm for now, but the fact remains that ...

Bloomberg Thai Airways International Pcl, the nation’s flagship carrier, got court approval for its business restructuring on Monday. The Central Bankruptcy Court decided that the airline can proceed with its business reorganisation plan, a crucial step forward for the embattled company, which has around 350 billion baht ($11 billion) of debt, according to Chansin Treenuchagron, its acting president. The flagship ...

Bloomberg Kremlin-backed candidates swept most major contests in Russian regional elections over the weekend but supporters of opposition leader Alexey Navalny claimed wins in two Siberian cities, including the one where he was poisoned last month. “The authorities have shown they control the situation in the country,” said Alexei Makarkin, deputy director of the Center for Political Technologies in Moscow. ...