Bloomberg The co-owner of Virgin Atlantic Airways Ltd said it’s unable to invest more in Richard Branson’s struggling UK airline, and raised the possibility it could face going through insolvency proceedings. Delta Air Lines Inc, which owns a 49% stake in Virgin Atlantic, can’t help out because it’s consumed with its own problems and has already bumped up against UK ...

Bloomberg Delta Air Lines Inc is seeking to raise $3 billion from loans and bonds as it grapples with a global travel shutdown caused by the coronavirus pandemic. The company is offering a $1.5 billion first lien term loan due 2023 and the same amount in senior secured bonds maturing in 2025, it said in a statement. The debt, which ...

Bloomberg Boeing Co is tapping Mark Jenks, the head of its 737 programme, to oversee a drive to improve manufacturing practices across all of its commercial aircraft programs, according to an internal memo viewed by Bloomberg. The changes are part of a broader shake-up at Boeing’s commercial division under Stan Deal, who took control late last year as the planemaker ...