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UPDATE 3-Avianca Brasil's legal fight with plane leasing firms escalates

SAO PAULO, Jan 18 Avianca Brasil's battle with its aircraft leasing firms intensified on Friday after Brazil's aviation regulator said it would no longer ground 10 of the struggling carrier's planes and another lessor renewed its effort to repossess 10 others.

Brazil aviation regulator will no longer ground 10 Avianca Brasil planes

SAO PAULO, Jan 18 Brazil's aviation regulator ANAC said on Friday it would no longer ground 10 planes operated by Avianca Brasil, which represented 20 percent of the struggling carrier's fleet.

PBGC steps in to oversee Sears' two pension plans

Jan 18 Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp's two pension plans, covering about 90,000 people, the U.S. government agency said on Friday.

Avianca Brasil lessor says it will seek earlier return of 10 jets

SAO PAULO, Jan 18 Aircastle Ltd will try to repossess 10 planes from Avianca Brasil before the Feb. 1 expiration of a 15-day stay on repossessions from the struggling airline, a spokesperson for the aircraft lessor said on Friday.

Gymboree files for Chapter 11 as more retailers restructure debt

NEW YORK, Jan 18 (LPC) - Children’s retailer Gymboree Group Inc has filed for Chapter 11 bankruptcy protection, joining a growing list of brick-and-mortar retailers trying to restructure their debt under court supervision.

UPDATE 1-Takeover of Dutch parts of Yukos Oil was illegal-Supreme Court

AMSTERDAM, Jan 18 The 2007 takeover of the Dutch parts of Yukos Oil by Russian state oil company Rosneft's former subsidiary Promneftstroy was illegal, the Dutch Supreme Court ruled on Friday, upholding an earlier lower appeals court ruling.

Energy Jan 18 2019

Bankruptcy of Yukos Oil in Russia not recognized in the Netherlands-Supreme Court

AMSTERDAM, Jan 18 The bankruptcy of Yukos Oil in Russia will not be recognized in the Netherlands, the Dutch Supreme Court ruled on Friday, upholding a decision in 2017 by a lower appeals court.

Energy Jan 18 2019

PRESS DIGEST- Financial Times - Jan 18

Jan 18 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Stock Quote, Bonds, Markets Jan 17 2019

Brazil regulator moves to ground 20 pct of Avianca Brasil's fleet

SAO PAULO, Jan 17 Brazil's aviation regulator said on Thursday it was going to ground 10 planes operated by Avianca Brasil, 20 percent of its fleet, prompting the carrier to go to court seeking to prevent the decision being enforced.

UPDATE 2-Lampert wins Sears bankruptcy auction with $5.2 bln bid

Jan 17 Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears said on Thursday, but creditors quickly moved to oppose the deal.


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