Bloomberg Customers demanding cash refunds for flights axed because of the coronavirus are putting the squeeze on India’s travel agents, who are only receiving virtual money from airlines solely to be used for future bookings. Indian authorities have told airlines to repay passengers in cash for tickets booked during the nationwide lockdown, but there’s no such obligation when it comes ...

Bloomberg Virgin Atlantic Airways Ltd hired Alvarez & Marsal to advise on a potential administration as it struggles to secure a UK government bailout, Sky News reported. The restructuring specialist was hired earlier to work on options for a pre-pack administration, which may cut the equity of Richard Branson’s holding company and Delta Air Lines Inc, according to the report, ...

Bloomberg Boris Johnson was expected to flesh out his plan for lifting the UK lockdown in Parliament as he seeks to get more people back to work, even as resistance from politicians and labour unions laid bare the hurdles facing the government as it tries to kickstart the economy. In a televised address to the nation, Johnson announced the “first ...