Money
Bonza Airlines gears up for 2022 launch, but why use the Boeing 737 MAX?
In these pandemic times, the last business you’d think of entering the market is a new airline
But for Australia’s new budget airline, Bonza, the sky truly is your limit.
Thousands of travellers have had their say about the new low-cost carrier ahead of its launch in the first half of 2022.
Since Bonza was announced in mid-October, thousands of potential future customers signed up to learn more about the airline and what’s on offer.
Many completing an online survey to nominate their preferred Bonza destinations.
That’s in addition to over 3,600 Aussies who registered their interest in jobs
Bonza has revealed where Aussie travellers say they’d like the low-cost carrier to fly to and from.
Being considered are destinations that spread far and wide across the country from Hobart to Broome, and Busselton to Cairns.
They also include travel from the regions with places like Albury, Tamworth, the Bundaberg and Newcastle all on the consideration list.
The airline, backed by US firm 777 partners plans to use the Boeing 737 Max, an aircraft that’s had its fair share of bad press.
Chief Commercial Officer Carly Povey spoke to Ticker News’ Ahron Young – and says the 737 MAX is the aircraft of choice.
Bonza is currently in negotiations to firm up its launch route map
In parallel with airport discussions, the airlines leadership team continues to have conversations with State and Territory Governments to confirm where it’ll set up it’s head office
The industry has had its fair share of devastation, with the collapse of multiple airlines around the world.
Meanwhile the Australian aviation sector is set to slowly recover as state and international borders reopen, as the COVID vaccine rollout continues.
Money
Markets tumble as Trump tariffs, Greenland rhetoric and Europe backlash collide
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. stocks plummet over 800 points amid renewed tariff threats and political tensions from Trump, sparking global trade concerns.
U.S. equities took a sharp hit as markets reacted to renewed tariff threats and heightened political rhetoric from President Donald Trump. The Dow plunged more than 800 points, with the S&P 500 and Nasdaq also sliding as investor nerves rattled risk assets.
The sell-off highlights growing concern around global trade tensions and geopolitical uncertainty, with markets struggling to price in what comes next for U.S. economic leadership and policy direction.
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Money
Gold hits record highs as investors flee risk
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold surges amid global uncertainty, with February futures rising 1.71% to $4,674.20 per ounce, signaling safe-haven demand.
Gold is shining brighter than ever as investors flock to safe-haven assets amid global uncertainty. U.S. gold futures for February delivery jumped 1.71% to $4,674.20 per ounce, while spot gold rose 1.6% to $4,668.14.
The surge comes as geopolitical tensions continue to worry traders, prompting a rush into metals perceived as stable and secure. Analysts say gold is proving its status as the ultimate hedge during turbulent times.
Investors are closely watching markets as gold sets new benchmarks, signalling growing caution across the financial landscape.
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Money
Markets edge higher as 10-year yields hit new highs
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
Major stock indices rise slightly; 10-year Treasury yield hits 4.23% amid Fed Chair speculation, affecting small and mega-cap stocks.
All major stock indices are starting the week slightly higher, giving investors cautious optimism. Analysts are keeping an eye on movements in small caps and mega-cap tech stocks amid these early gains.
The yield on the 10-year Treasury note has climbed to 4.23%, the highest since last September. This follows Kevin Warsh emerging as the frontrunner for the next Federal Reserve Chair, sparking speculation on future monetary policy.
Rising yields could trigger a pullback in small-cap stocks, while investors may pivot toward mega-cap tech, expected to deliver strong earnings growth. Overall, the market is likely to see a neutral to slightly bearish trend next week due to overbought conditions.
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