Bloomberg AirAsia X Bhd’s debt-restructuring proposal received more than 95% support from creditors in meetings as the debt-laden budget carrier tries to stay afloat. The airline received full support from two classes of creditors on its proposed debt restructuring and 97.6% from the third group, it said in separate statements to the Malaysian stock exchange. AirAsia X needed at least ...

Bloomberg Boeing Co is on the verge of surmounting issues that have held back deliveries of its two most important aircraft, the 787 and the 737 Max, an executive said. The planemaker is “getting close” to restarting deliveries of the 787, Ihssane Mounir, senior vice president of commercial sales and marketing, said in Dubai ahead of an air show on ...

Bloomberg Cathay Pacific Airways Ltd expressed concern about a possible move by Hong Kong to rein in quarantine exemptions for aircrew operating cargo flights, saying it could reduce the number of available employees and disrupt the supply of goods moving in and out of the financial hub. The airline, Asia’s biggest cargo carrier, has been operating a full freighter schedule ...

Bloomberg Sweden’s biggest grocery chain, ICA Gruppen, plans to go private at a $12.5 billion valuation, the latest in a wave of dealmaking to sweep through the European supermarket industry. ICA’s majority owner, comprising an association of 1,500 retailers, is looking to acquire all the shares it doesn’t already own, according to a statement. The group sees leaving the stock ...

Bloomberg Cebu Air Inc resumed hiring cabin crew, anticipating a recovery in air-travel demand as the Philippines eases its coronavirus curbs. “The airline has reached out and encouraged former CEB cabin crew to apply as the airline gets ready for growth,” the Philippines’ largest budget carrier said in a statement. The airline unit of conglomerate JG Summit Holdings Inc has ...

Bloomberg Discount clothing chain Primark is sticking to its guns as a bricks-and-mortar retailer with plans to increase the store count by about a third, largely in the US, while most rivals focus on e-commerce. Parent company Associated British Foods Plc said it aims to raise the store total to 530 worldwide over the next five years, from 398 currently. ...

Bloomberg President Vladimir Putin said Russia isn’t behind the migrant crisis playing out at the Poland-Belarus border, but instead is ready to help resolve it. Speaking to Rossiya-1 TV Channel on Sunday, Putin said he learned about developments in the border region from media reports. “We are ready to contribute to this in every possible way, if of course, something ...

Bloomberg President Joe Biden’s approval rating dropped to a new low, mainly because of more negative views among Democrats and independents, according to a Washington Post-ABC News poll. The president’s overall approval rating is at 41%, down from 50% in June and 44% in September, according to the survey, which added that his current standing isn’t statistically different from two ...

Bloomberg US Secretary of State Antony Blinken expressed concerns over China’s continued military, diplomatic, and economic pressure on Taiwan in a phone conversation with Foreign Minister Wang Yi. Blinken urged Beijing “to engage in meaningful dialogue” to resolve Taiwan Strait issues “peacefully and in a manner consistent with the wishes and best interests of the people on Taiwan,” US Department ...

Bloomberg Bulgarians are voting again in their third general elections this year under abysmal conditions. The poorest nation in the European Union has one of the world’s worst Covid-related death rates, is struggling to access the EU’s pandemic aid and is in a state of permanent political crisis. Former PM Boyko Borissov has run the country for most of the last ...