Bloomberg Virgin Galactic Holdings Inc. tumbled after its billionaire Chairman Chamath Palihapitiya offloaded shares worth about $213 million in the space-tourism company founded by Richard Branson. Palihapitiya, who has helped drive the frenzied growth of blank-check companies, disposed of 6.2 million shares at an average price of $34.32 this week, based on a filing with the US Securities and Exchange …

Bloomberg Discussion on the future of cash-strapped Alitalia entered a crucial phase, as talks with European authorities resumed, an early test of Italian Prime Minister Mario Draghi’s relationship with Brussels. The Italian government and the European Commission agreed to “work constructively together to find workable solutions on the Alitalia file,” a Commission spokesman said after Commission Vice President Margrethe Vestager …

Bloomberg Airbus SE suffered a surge in order cancellations last month as Norwegian Air Shuttle ASA scrapped narrow-body jet purchases and a wave of coronavirus lockdowns pushed back expectations for a revival in air travel. The European planemaker lost 92 commitments in February, it said in a statement, 88 of them from the Scandinavian discounter, which is seeking to restructure …