Lufthansa is set to pick up a large part of insolvent rival Air Berlin, and easyJet is also still in the running for some assets, two sources familiar with the matter said. Air Berlin’s creditors met on Thursday to discuss offers for Germany’s second largest airline and agreed the carve-up, the sources said. Air Berlin, which has about 8,000 employees and operates 144 mostly leased planes, filed for insolvency in August after major shareholder Etihad pulled the plug on funding, Reuters reported.

Brazil’s Mines and Energy Ministry has canceled nine licenses to build transmission lines that had been granted to Spain’s Abengoa SA after the company abandoned construction works in 2015, a senior official said on Wednesday. The decision formalizing cancellation of the licenses was published in the Wednesday edition of the official gazette, Reuters reported. The cancellation will not exempt the company from paying legal fines related to projects, according to the decision. The company did not have an immediate comment on the cancellation of the licenses.

Austrian airline Niki said on Wednesday it had paid all bills owed to a tour operator and it therefore expected to avert bankruptcy proceedings which have hit parent Air Berlin, Reuters reported. Law firm Kosch & Partner said earlier it had applied for insolvency proceedings against Niki on behalf of an Austrian tour operator which said it was owed money by Niki. The law firm declined to identify the tour operator. “We have reviewed the relevant post, and the claim has been settled,” Niki said in an email to Reuters.

Economic performance is improving in most of the world’s leading economies but is still short of a self-sustaining upswing, the Organisation for Economic Cooperation and Development said on Wednesday. In an update to its economic forecasts, the Paris-based international organisation representing advanced economies said that more private sector investment was needed for the expansion to endure, for wages to rise sustainably and for inequalities to be tackled, the Financial Times reported.

The Greek economy will remain under close supervision for years after the completion of the third bailout deal, the president of the Euro Working Group (EWG), Thomas Wieser told insider.gr in an interview published on Wednesday. Even though he is confident the cash-strapped country will be able to recover, Wieser says that a lot of work needs to be done first, starting with the timely completion of the third bailout review, the Financial Times reported. He also suggests that additional measures may be needed in 2019 and 2020 depending on the course of the budget next year.

Lufthansa budget unit Eurowings has agreed a deal with the Verdi union that will allow it to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin, Reuters reported. Eurowings launched a recruitment drive last month, seeking around 200 pilots and 400 cabin crew qualified to fly and crew A320 jets. Air Berlin also flies A320s and so Eurowings’ move is a chance for staff to get hired without waiting for talks on a carve-up of the carrier to finish.

After tackling billions of dollars in bad loans, Italian banks are moving on to a somewhat less risky but possibly trickier category of distressed debt as they seek to clean up their balance sheets, Bloomberg News reported. “Unlikely-to-pay loans are the next challenge for banks,” said Riccardo Serrini, chief executive officer of the asset manager Prelios Credit Servicing.

Airlines Condor and Eurowings plan to provide flights to the Caribbean from Duesseldorf, meeting demand from Germans seeking winter sunshine after cancellations by insolvent Air Berlin, Reuters reported. Air Berlin filed for bankruptcy protection in August after major shareholder Etihad pulled the plug on funding. It has been forced to scrap long-haul flights from its two bases of Duesseldorf and Berlin after a leasing company asked for its planes to be returned.

In a related story, tour operator TUI’s airline TUIfly is seeking to cut its costs by at least 30 million euros ($36 million) as it prepares to take back aircraft it has leased out to insolvent Air Berlin’s Austrian unit Niki, a German paper reported. Some 20 million euros of savings are to come from more flexible working hours for its nearly 500 pilots, daily Hannoversche Allgemeine Zeitung said late on Monday, citing company sources, Reuters reported.

Portuguese bonds staged their biggest rally in more than seven years on Monday after the country won back its investment-grade credit rating, marking one of the most significant milestones in the currency union’s return to fiscal health, the Financial Times reported. Portugal had been in junk territory since 2012 after it became the third eurozone country forced into an international bailout, receiving a €78bn rescue from the International Monetary Fund and EU after Greece and Ireland were subjected to similar programmes.