will bess, dutta joining an increasingly long line of suitors for virgin australia which has now 20 potentials. deloitte is looking for indicative bids to be by the middle of this month, looking to get assailed by the end of june. virgin did collapse on the 21st of april after appealing for an failing to get a government bailout. it has pretty much grounded to a halt wind coronavirus travel restrictions hit. for over 10,000 creditors. a long way to run yet. shery: airlines are working on social distancing guidelines when travel resumes. any idea of what will happen for the infamous middle seat? paul: the middle seat. i don't think anyone ever covets or wants the middle seat. there was a feeling that maybe it would go up in the era of social distancing. weighed into this. even if the middle seat is empty, all you are buying is an extra 60 centimeters of space on either side of you and that will really not cut it with social distancing guidelines, usually requiring something in the order of 1.5 meters. it is barely a third of that. alan joyce agrees with the sentiments, that there is no guarant

it is deadline day for bids for the collapsed carrier virgin australia. potential futures are progressing well. let's get to the markets. we are waiting for this data out of china. should be giving us an idea how the country is emerging. industrial production way better than expected, 3.9%. we were looking at a 1.5% uptick. looking at the april number as well, that is slightly worse. retail sales worse than expected. we were looking for a 6% contraction in retail sales year on year. we got a 7.5% contraction. 16% down.t was nearly industrial output down at the moment. production 3.9% higher. uptick looking at a 1.5% against the backdrop of march being down by 1.1%. haslinda, what are you seeing? haslinda: industrial production coming from march showing a strong recovery momentum. we saw what happened in march. it is pulling back from a historical plunge in the first two months of the year. still there are some challenges if you take a look at the supply chain. china still faces supply risks from a global lucked out. factory production -- global lockdown.

scratcher.ad baincapital is preparing a second-round bid for the collapsed version of it -- virgin australiaw of the next deadline? paul: baincapital on the short list of four bidders. md, he saidased bain have the strongest base and that aviation will not return to normal anytime soon but they are here for the normal and they had -- the long haul. brookfield rejoin the process. they pulled out because they felt there were too many bidders and two short a time frame. sources say they are back in discussions with deloitte. there is a chance the short list could be expanded to five. don't have the money, we know where to look for it. paul allen, joining us live. alibaba reported earnings, beating estimates from pandemic related shopping but it logged its worst quarter on record by one measure. we will talk about that coming up next with joseph berger, ceo of a research firm. he will join us to debrief us. this is bloomberg. ♪ david: let's get you the latest business flash headlines. looking at lufthansa, nearing 10 million dollar bailout. germany's exit from the direct stake it would take in t

indigo considering a bid for virgin australia.talize on the first airline casualty from the coronavirus. this is one of at least 20 potential buyers and they are seeking bids by friday. version collapsed last month. collapseds -- version last month. indigo says it is not involved. virgin is looking to save its space business on earth. travel and leisure businesses have been hit by the pandemic. last october, virgin galactic became the first space tourism company to go public. a risk off day in asia. thestors volleying over uncertainty ahead, as economies reopen. the csi index and negative territory on the back of the cpi numbers, rising less than expected, three point 3% versus 3.7%. the kospi currently down. investors keeping a watch on the recent outbreak linked to the clubs in seoul. it will be interesting to see how india opens p rishaad: -- opens. rishaad: yes. letting more to come, including a look at digital wallets and bitcoin as well, as volatility for the cryptocurrency continues. this is bloomberg. ♪ ♪ haslinda: it is a

virgin australia and others collapse under the weight of a near halt in passenger revenue.eresting that the collapsed asset, for seven straight years, even before the virus is drawing on its interest. if you look at australia, it is essentially -- it was a two player market. dominated by qantas and virgin, although it was still competing at least. if new earners can turn virgin , it is potentially going to be wiped out. it is possible you could make oasis thate australia is at the moment. sophie: given the way the australian domestic market has been going, what is the -- >> the australian domestic market is a lucrative market, dominated by qantas, which has north of 80% -- two thirds of the capacity market share, and close torly notches up one billion australian dollars of profit every year and that is really without a strong competitor. if you look at the years ahead, the airline industry is coming under pressure internationally and the australian market is an isolated pocket of income. -- domestic market. we see plans underway between australia and new zealand, perhaps to

and bain capital is preparing its second-round bid to buy virgin australia. alternative asset manager is four in place to buy the airline. in globalthe plunge travel. that is your bloomberg business flash. nejra? nejra: thank you so much. despite the escalating tensions between the u.s. and china, the war of words, we are seeing some risk on in european equities today. the u.s. and u.k. markets closed for holidays, but u.s. futures on the front. the dollar giving up some gains after two days of strength, and oil on the front. next, the img chief economist joins us on the show. this is bloomberg. ♪ nejra: this is bloomberg surveillance. i am nejra cehic. we have seen risk on. it is a bank holiday in the u.k.. memorial day in the u.s.. there is liquidity but green on the scene -- on the screen despite the war of words between the u.s. and china. a lot of news coming through on europe. today, at least the survey showing german businesses are counting on an improvement in the economy in the second half, this after the coronavirus pandemic pressed private spending

regional airlines fly us regionals trance state and compass and virgin australia which has domestic and international flights but it's not all despair on friday germany's lufthansa said it would double the number of operational aircraft next month to $160.00 although that's $600.00 fewer than at the end of last year while british airways parent company wants to be operating a 1000 flights a day between july and september 70 percent of its schedule let's speak about the aviation industry with alexander addition iacke he's the c.e.o. of the international air transport association i he's joining us live via skype from geneva thanks very much for your time with us on al-jazeera mr so as you're going to zation has stated boosting consumer confidence in air travel is going to be critical for airlines recoveries but how do you do that when you yourself have recently said that passenger confidence will suffer a double whammy even when the pandemic is over that's a result of economic concerns and concerns about the safety of travel. we are working you know with governments and within the. framew

the billionaire behind indian budget carrier indigo is considering a bid for virgin australia, lookinglize on the first airline casualty from the coronavirus. he is one of at least 20 potential buyers. administrator delight is taking bets by friday, and binding offers by june. -- administrator deloitte. virgin collapsed showing $4.5 billion. indigo says it is not involved. virgin group says it is considering one half billion dollar sale of shares in its space travel company galactic, to save its airline and travel businesses here on earth. -- vergence has proceeds would go toward supporting its portfolio of leisure, travel and holiday businesses hit by covid-19. last october, burton galactic became the first space tourism cavities go public. -- virgin galactic. bitcoin faced a key technical event a few hours ago known as having, are for recurring every four years or so. the amount that coin miners receive has been cut in half to keep a lid on inflation. analysts have debated what effect this would have on the market. bitcoin chairman joins us now. roger, great to have you. prices willh

the administrators of struggling airline virgin australia have short—listed potential buyers after a n in april, and its administrator deloitte is seeking to sell the company to recoup the $4.5 billion the airline owes to creditors. across europe, the lockdown is being cautiously eased. denmark was one of the first to shut down its economy. it started to roll back those measures in mid—april, and today marks another significant step forward — cafes and restaurants can open their doors. it is, of course, only possible with careful monitoring, but so far there has been little sign of a second wave of infections. joining us now from copenhagen is adrienne murray. i spoke to you when lockdown measures were just starting to lift in denmark. tell us how it is going in of today? when we spoke i think the message was that steps are going to be slow and cautious, and in the last week or so it really felt, it started to gather momentum, and from today cafe ‘s, restau ra nts, from today cafe ‘s, restaurants, bars and from today cafe ‘s, restau ra nts, bars a nd clu bs from today cafe ‘s, restaur

regionals trance state and compass and virgin australia which has domestic and international flights but us auto despair on friday germany's of tons of said it would double the number of operational aircraft next month to $160.00 although that's $600.00 fewer than at the end of last year british airways parent company wants to be operating a 1000 flights a day between july and september about 70 percent off its schedule on xander addition iacke is the c.e.o. of the international air transport association he says the focus now is on restarting the industry in a safe way. we are working you know with governments and within the. framework of the international organization to restart our industry one of the key element to restart the industry is to organize and to implement a worldwide process to for sanitary control and health check of passengers 1st of all to restore the confidence and the must fly safe and be sure that that playing is safe and secondly governments after be guaranteed that they can list probables frictions or border closures without risking really imploding the virus.

outstanding loans to virgin australia. u.s. chinaioned the tensions.heless, they are not putting off one company due to start trading later today. they are said to have christ shares in the upper half. raising as much as $450 million. join us is in asia-pacific ipo leader. what is your sense of the appetite for listening and the u.s. for u.s. firms? general, the chinese -- verys are where important for the ipo market. the biggeste of markets, supposedly they should go for the u.s.. with the recent relationship between the u.s. and china, it is hard to tell. i can see that some of these companies may consider to choose other markets like hong kong or asian markets. >> which sector as you look across at the broad spectrum, is seeing the most activity in terms of potential ipos? mentioned the cloud related companies which will be one of the key tech companies that should continue to be important. another key sector may be biotech. which is important with the covid-19 pressure among us. the accounting scandal has led to suspicion about chinese companies an

the latest business flash headlines bain capital is preparing for second round of capital for virgin australiangest position of remaining bidders, one of four in the race for the class airline which has been swamped by $4 billion of debt as the coronavirus hammers the market for travel. administrator deloitte says it wants bounding offers for the carrot by the middle of next month. -- for the carrier. unionin the european including germany one report saying left onset would face a three-year deadline for repayment of any aid. make a formalo offer this week but talks with list anza and the rp and commission are dragging on -- with lufthansa and the european commission are dragging on. an air fleet to rival ups. it launched air cargo in 2016 was speculation it would create a deliberate service that threatened ups and fedex. hopefully they get their deliveries faster. we are still waiting for the buck. -- for the book. another conversation. movers, two to five. nissan out their earnings. if you have $14 billion can buy the whole company. the stock is trading at 29% liquidation value having to com

they say they have seen no obligation to provide capital to virgin australia.went into voluntary administration, another collapse of an airline an airline.r -- of singapore air, saying they may that may needght to modify in-flight services, the continuation of the narrative that airlines around the world are suffering with travel limitations, given the coronavirus pandemic around the world. so let's turn to broader markets. we are joined by our bloomberg managing editor, mark cut more. mark, sustained gains here in the u.s. equity markets. we have seen more positive sentiment filtering through, given that u.s. and china trade negotiators could be meeting next week or the offshore -- next week. alsoffshore yuan was positive. how likely is this to continue through asia, when we have that job number in the u.s. likely tomorrow? >> i think it will contain the sentiment we saw in the u.s.. a lot of positions have been done already and part of the gains we have seen the past couple of days have been about positions wearing. we have seen bears get squared up, but the

reports from australia say the bidding for virgin australia has drawn big names. is talk that indigo might have been rejected after failing to submit enough details. the australian financial review said the list includes cyrus capital and bgh capital. itsa has extended nationwide lockdown -- restrictors in some sectors to boost the economy has more countries plan to reopen further. let's get to yvonne man. there iser countries starting to lock down. lockdown has been expended to the end of the month restrictions.me sports complexes, studios can operate without the spectators, interstate travel allows if you have a -- allowed if you have a permit. cinemas, infections continued surge. another posted 10,000 new cases over the weekend. if anything this infection curb is steepening, not flattening. now with a total of the infections across the country, including nearly 2900 deaths sunday. it has been a gradual process in terms of allowing some industries to reopen. factoriesring that are having trouble reopening and there has been a shortage of workers as well. there h

the ministry to overseeing the collapse of virgin australia airline, receiving more interest than expecteds over the weekend and said they have well-funded parties with strong credentials in aviation. bain capital, indigo partners. final binding bids by june 12. deepening the relationship as the chinese carmaker rides out the impact of the coronavirus. ehey have already joined rid sharing. the pandemicsays has had impact, but its annual sales target of one point 4 million vehicles will not be affected. asian economies are best positioned to emerge from this crisis quickly? this is bloomberg. ♪ ♪ ♪ ♪ there are times when our need to connect really matters. to keep customers and employees in the know. to keep business moving. comcast business is prepared for times like these. powered by the nation's largest gig-speed network. to help give you the speed, reliability, and security you need. tools to manage your business from any device, anywhere. and a team of experts - here for you 24/7. we've always believed in the power of working together. that's why, when every connection counts... you ca

virgin australia collapsed in .pril after years of losses that is your bloomberg business flash.businesses are counting on an improvement in the community in the second half plungede coronavirus the economy into a recession. from earlier today, professor clemens fuest. clemens: we see the easing of the locked down mostly. situation has slightly improved. we think that there is hope for the future. there is light at the end of the tunnel. restrictions are now being lifted and that is a good sign. particular, the situation is really there. it's very positive. there are restrictions. they are at least seeing some progress. there is caution. but the mood is not as catastrophic as for weeks ago. i wonder what you are getting more positive feedback from trade and retail. i understand that lockdowns are easing. there is quite a palpable fear of a second locked down. clemens: i am not sure how strong the fear of a second wave is in germany. at the same time, many market italy, are closed. the shops at least to are open, which manufacturing wasn't. now they are opening up again. i think t

qantas is faring better than its rival virgin which is in voluntary registration and ooking for new owners. shery: there could be a resumption of travel between australiahe latest? >> new zealand prime minister ja sin da adern is joining the australian cabinet meeting to alk about a trans-tasman travel. both countries have had success in curbing the coronavirus. but there are a few hurdles that need to go into effect, including a contact tracing program between the two countries. if they pull it off it would be some encouraging news. we're coming into winter, typically a time of year when australians like to go to new zealand to ski and freezing new zealanders visit australia to get a bit of heat on australia's beaches. it's not a huge market but better than nothing and would help airlines and tourism businesses survive these difficult times. haidi: it's particularly useful even incrementally. there will be tourism related industries that continue to suffer. latest estimate hit to australia's g.d.p. are certainly pretty grim. >> yes, the treasurer, josh friedenberg, softening up the country up for an ugly g.d.p. read next time we get it. a contradictio

australia. despite these expectations of fresh stimulus to boost a building agency. in terms of the stocks to watch, watching out for iron ore minors passed $100. they have reentered that race for virginontinue discussing the markets appeared our next guest see stock markets getting a bit top b. the head ofs is asia research for julius baer. great to have uss. as we were saying, it seems the markets continue to see some upside. we are talking about the s&p 500 and the u.s., a second month of gains. i mentioned the kospi up about 40% since its march low. i don't understand why. as we just announced, the economic figures don't look too great when it comes to trade numbers out of south korea. we have the ongoing protests here in the u.s. which could threaten the economic recovery. so what is happening? >> well, there's so many moving parts, but i think the most important thing is the market is seeing people go back to work like that, and this has been happening in several countries for almost a month now. there's so far no big second wave, so i think the market is looking for waves coming back here and there, localized like what is happening in korea, and i will not be shocked to see the