Business

Two bidders in race for Virgin Australia

Virgin Australia's administrators announced Tuesday they had narrowed the pool of interested buyers to two US-based private equity firms, weeks after the carrier buckled under the strain of the coronavirus pandemic.

Business

EasyJet rejects takeover bid, plots $2.0 bn lifeline

British airline EasyJet on Thursday announced it had rejected a takeover approach, reportedly from rival Wizz Air, and revealed a $2.0-billion lifeline as the battered aviation sector looks to recover.