Go Airlines (India) needs to raise funds to resume operations, its newly appointed resolution professional told employees of the troubled low cost carrier on Thursday, according to a source with direct knowledge of the matter.
Planning for Virgin Australia's upcoming initial public offering (IPO) is "well advanced", Chairman Ryan Cotton said on Wednesday in an internal email that also outlined bonus payments to the airline's shareholders and staff after a return to profit.
Activist investor Carl Icahn's empire said on Wednesday it is fielding inquiries about its operations from U.S. prosecutors, a week after a short-seller accused it of over-valuing its assets, sending its shares down 18%.
Robinhood Markets Inc on Wednesday surpassed Wall Street estimates for first-quarter revenue, as the U.S. Federal Reserve's rapid rate hikes boosted the online brokerage's interest income.