Mexico City/Atlanta/Hong Kong (CNN Business) Another major international airline has gone bust in the wake of the coronavirus pandemic. Colombian airline Avianca (AVH) filed for Chapter 11 bankruptcy in the US Southern District of New York on Sunday, …
See Original Article

Goldman Sachs says oil demand will see a bounce back with a “V-shaped recovery” but supply will follow an “L shaped recovery, meaning it may not recover fully.” Goldman Sachs thinks the demand for jet fuel is unlikely to recover from its current lows.
See Original Article

A site near the future South San Francisco Caltrain Station has been sold at a time when most commercial real estate transactions are paralyzed by the uncertainties of the coronavirus pandemic. IQHQ, a real estate developer that specializes in biotech, …
See Original Article

Cosmetics maker Coty agreed to sell a majority stake in its professional beauty and retail hair businesses to investment firm KKR in a deal valued at $4.3 billion. Coty said it would receive about $3 billion in cash from the divestment. Kylie Cosmetics are …
See Original Article

LONDON (Reuters) – British Airways owner IAG (ICAG.L) has exhausted every avenue to shore up its finances and is burning through cash, its CEO said on Monday, as the aviation industry warned of the fresh damage it would suffer if Britain quarantines …
See Original Article