American Air borrowing $10 billion in record airline debt sale
American Airlines Group Inc. has boosted the size and cut borrowing costs on what’s now a $10 billion debt deal backed by its frequent-flyer program,…
Arnott warns of ‘big market delusion’ in electric vehicles
Investors are driving a rally across all EV stocks, but Research Affiliates says not all can be winners.
GE sells jet lessor to AerCap in $30 billion deal to cut risk
General Electric Co. agreed to sell its jet-leasing business to rival AerCap Holdings NV, bringing together the world’s two biggest aircraft financiers in a deal…
American Air boosts debt sale to $10 billion amid strong demand
American Airlines Group Inc. has boosted the size and cut borrowing costs on what’s now a $10 billion debt sale backed by its frequent-flyer program.
Qatar ships first oil cargo to UAE since Gulf embargo ended
Qatar exported what appeared to be its first oil cargo to a Persian Gulf neighbor since the United Arab Emirates and three other countries agreed…
China’s binge on Iranian oil clogs up ports and storage tanks
China is gorging Iranian oil even as other nations wait for U.S. President Joe Biden to remove sanctions on the Islamic Republic.
India to tax solar equipment imports to help local companies
India will levy a 40% customs tax on imports of solar modules from April next year to cut dependence on foreign supplies and boost domestic…
Maersk is said to weigh sale of $1 billion cold container unit
A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the Covid-19 pandemic, according…
Dirt-cheap flights on sale as Covid-hit airlines take on rivals
Dirt-cheap fares are popping up from airlines brave enough to expand or start out amid the Covid crisis, as they try to eke out sales…
Cathay Pacific posts $2.8 billion loss in toughest year ever
Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12…
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