Bloomberg Germany is preparing to take a stake in Deutsche Lufthansa AG as part of a rescue package to help the carrier weather the coronavirus pandemic, according to people familiar with the matter. A decision is expected in the coming days for an overall aid package that could amount to more than double the company’s market capitalisation of 4 billion ...

Bloomberg International law firm Hogan Lovells is holding discussions with some bondholders of distressed airline carrier Virgin Australia, ahead of a first creditors meeting set for Thursday. Virgin Australia became Australia’s first airline to fall amid the coronavirus pandemic when it was placed under voluntary administration last week. With total debt of about A$6.84 billion ($4.4 billion) and more than ...

Bloomberg The top two trade groups representing major retailers such as Walmart Inc, Target Corp and Best Buy Co are calling on governors to adopt uniform reopening standards as the pandemic subsides, including allowing warehouses and distribution centers nationwide to reopen all at once, rather than state-by-state. As states, cities, and companies big and small struggle over when and how ...