Bloomberg Kenya Airways Plc is looking to reduce jet-leasing costs by more than a third as the carrier targets break even by 2024. Negotiations with lessors has so far led to a 19% cut in overall rental costs, Chief Executive Officer Allan Kilavuka said on Wednesday during a virtual briefing. The move is part of a wider restructuring following ...

  Bloomberg ExpressJet Airlines, a small regional carrier that was once among the world’s biggest by fleet size, filed for bankruptcy with plans to liquidate after ceasing operations. The company, based in Georgia, listed assets and liabilities of no more than $50 million each in its bankruptcy petition. ExpressJet laid off most of its workforce prior to filing for bankruptcy, ...

  Bloomberg Nordstrom Inc, which investors saw as insulated by its affluent customer base, sank after trimming its full-year outlook as the retailer’s Rack business slows amid lower demand and inventory buildup. The department-store operator lowered its forecast for full-year sales to a range of 5% to 7%. That one-percentage-point cut comes just three months after Nordstrom had raised its ...