Bloomberg Deutsche Lufthansa AG is seeking shareholder approval to raise up to 2.4 billion euros ($2.6 billion), funds that could lower but not be enough to avoid the need for a government orchestrated bailout the carrier is facing to get through the coronavirus crisis. Germany’s flagship airline is seeking to issue 176 million new shares, or 36% of its existing ...

Bloomberg Indonesia has overtaken Japan to become the world’s third-biggest aviation market as airlines continue to slash passenger capacity because of the coronavirus, according to OAG Aviation Worldwide. The country’s scheduled capacity is now 2.1 million seats, down 7.8% from last week, but just ahead of Japan’s after a drop of nearly 15% there. Chinese capacity rose 7.2% to 8.7 ...

Bloomberg Universal Robina Corp’s instant coffee and noodles are flying off grocery shelves in the Philippines, but the lockdown in the main Luzon island is disrupting supply chains and limiting its ability to meet orders. The company’s CEO Irwin Lee described the last few weeks as “frenetic” for the JG Summit Holdings Inc’s unit, which has had to adapt to ...