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.

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.