BLOOMBERG Ryanair Holdings Plc notched up another court victory in its fight against Covid-19 bailouts to rivals, this time winning its challenge to a €130 million ($140 million) subsidy for Italian carriers affected by the pandemic. The EU’s General Court annulled the European Commission’s 2020 decision to clear the Italian aid package under the bloc’s state-aid rules, saying regulators failed …

BLOOMBERG Bain Capital is targeting November to relist Virgin Australia Airlines Pty Ltd through an initial public offering that could raise about A$1 billion ($665 million), the country’s largest in two years, according to people familiar with the matter. The private equity owner plans to sell down about 40% of its stake in the carrier, which it rescued in a …

BLOOMBERG An incident involving three Cathay Pacific Airways Ltd cabin crew making “inappropriate comments” about customers on a recent flight has set back the airline’s recovery and caused significant damage to its image, as well as Hong Kong’s, the carrier’s chief executive officer told employees. Ronald Lam, who became CEO at the start of the year, was referring to a …