Bloomberg London’s Gatwick airport asked creditors to change the terms on its 3.4 billion-pound ($4.5 billion) debt pile to allow the transport hub to recover from a slump in air travel. The UK’s second-largest airport wants investors in its debt, including those holding 2.8 billion pounds of its bonds, to waive covenants and change certain conditions in the financing documents. ...

Bloomberg Kenya Airways Plc expects demand for air travel for the rest of this year to be less than half the level in 2019 due to the ongoing effect of the Covid-19 pandemic. The partially state-owned East African carrier is starting to resume international flights after the government eased travel restrictions it imposed to help contain the coronavirus. The anticipated ...

Bloomberg Steinhoff International Holdings shareholders voiced their frustration with scandal-hit retailer by voting against proposed changes to director pay policies and rejecting financial statements for last year. Investors logged into the South African company’s virtual annual meeting and protested against the extent of fees paid to various advisers, some related to a deal the retailer reached with creditors to skip ...