Bloomberg General Electric Co’s aircraft-leasing division scrapped orders for the 737 Max worth at least $6.9 billion based on list prices, dealing another blow to Boeing Co as it grapples with a plunge in jetliner demand because of the coronavirus pandemic. The cancellation of 69 undelivered jets stems from an agreement with Boeing to “rebalance” the order book, GE Capital ...

Bloomberg JC Penney Co, its stores shut and revenue all but extinguished by the pandemic, is continuing to huddle with creditors about how to avert a default after it skipped an interest payment. The struggling chain is seeking their agreement for a deal that would keep it out of bankruptcy, according to people familiar with the negotiations. Management is using ...

Bloomberg Southwest Airlines, a discounter that flies mostly in the US, is the world’s largest carrier — for now. The ranking is based on the number of seats flown this week, as compiled by aviation data provider OAG. Southwest moved to the top spot as its larger rivals nearly abandoned international routes after governments worldwide restricted travel to stem the ...