Bloomberg Deutsche Lufthansa AG will ask shareholders to approve a capital increase that would open a path towards removing the German government as its biggest shareholder. The proposed 5.5 billion euros ($6.5 billion) in fresh capital would give Europe’s largest airline enough cash to replace a so-called silent participation, a major part of Lufthansa’s 9 billion-euro bailout from the state. ...

Bloomberg United Airlines Holdings Inc will resume pilot hiring as the carrier sees signs of a sales recovery amid expanding US vaccination campaigns. The carrier will begin with 300 pilots who received a conditional job offer last year or had a new-hire class that was canceled, Bryan Quigley, senior vice president of flight operations, told employees. The decision followed a ...

Bloomberg Nomad Foods Ltd plans to grow the Ledo frozen-food group brands, not spin them off, after sealing a $724-million Croatian acquisition that gives Europe’s largest frozen food business a foothold in the Balkans. “It would be a big mistake to make any change,” Chief Executive Officer Stefan Descheemaeker said in an interview via a video-link. “We are in the ...

Bloomberg Boeing Co rose after Southwest Airlines Co ordered 100 of the smallest version of the 737 Max, cementing a half-century relationship and ending a public flirtation with Airbus SE. The deal for Max 7 planes strengthens Boeing’s first-quarter sales as well as its campaign to bolster its single-aisle aircraft program after two fatal crashes spurred a record flying ban ...

Bloomberg Air France-KLM’s board is preparing to meet on Monday to consider a recapitalisation plan for its French arm, according to people familiar with the matter. The multi-billion-euro package would be up for discussion after a deal was reached between the French government and the European Commission. The commission had antitrust concerns, said the people, who asked not to be ...

Bloomberg Deutsche Bank AG paid one of the largest fee shares ever to banks managed by women, minorities and veterans for helping oversee its bond sale, as diverse firms take on more significant roles in debt offerings. Over 60% of the deal’s fees, or about $1.1 million, were split among a group of 11 banks including joint lead managers Academy ...

Bloomberg The US, Japan, and South Korea sounded alarm over North Korea’s nuclear and ballistic missile programs, following a series of short-range rocket tests last month signalling fresh provocation from Pyongyang. US National Security Adviser Jake Sullivan hosted his Japanese and South Korean counterparts for talks at the US Naval Academy in Annapolis, Maryland, and the trio said in a ...

Bloomberg US President Joseph Biden pledged to stand with Ukraine against Russian “aggression” in his first official phone call with his counterpart, Volodymyr Zelenskiy, who raised concerns of troop movement near the border. Biden “affirmed the United States’ unwavering support for Ukraine’s sovereignty and territorial integrity in the face of Russia’s ongoing aggression in the Donbas and Crimea,” the White ...

Bloomberg Liberians rejected a referendum backed by President George Weah which opposition feared could have been used to reset the clock and allow the former soccer star to extend his stay in office. The December 8 plebiscite, which sought to shorten presidential and senatorial term limits and allow dual citizenship, failed to achieve the two-thirds needed for the proposal to ...

Bloomberg West Africa’s Sahel region is headed for its deadliest year of militant violence. Insurgents have killed at least 450 civilians in the region this year, Armed Conflict Location & Event Data Project data shows, compared with 401 last year. The first three months of 2021 have seen more non-combatant deaths blamed on extremist groups than the same period last ...