Bloomberg Virgin Australia Holdings Ltd attracted at least 20 potential buyers as administrators race to sell the airline within two months. Administrators at Deloitte want binding offers in June and are targeting a deal by the end of that month, according to a statement after the first meeting of creditors. Indicative bids are due mid-May. Virgin Australia collapsed owing A$6.84 ...

Bloomberg J Sainsbury Plc, Britain’s second-largest grocer, said the Covid-19 pandemic will disrupt business until September, and then the economic fallout will set in. Costs will rise by 500 million pounds ($623 million) this year because of safety measures and lower fuel sales. That will be offset by 450 million pounds of property tax relief from the UK government, leading ...

Bloomberg South Africa is seeking to create a new thriving national airline out of the ashes of its current state-owned carrier, which is technically insolvent and on the brink of being placed in liquidation by administrators. An ideal replacement for South African Airways (SAA) would have both public and private owners, maintain the country’s trade connections and make a profit, ...