Money

United Airlines set to spend a whopping $30 billion on new jets

Published

3 years ago

June 29, 2021

Anthony Lucas

As the travel market slowly recovers from the pandemic, many airlines are now moving ahead with new plane orders

United Airlines has been putting finishing touches to an airplane order potentially worth $30 billion.

The US-based airline is set to order 270 new narrowbody jets in a bid to secure a pandemic recovery at favourable prices – that’s according to industry experts.

The order could include up to 200 Boeing 737 MAX and around 70 Airbus A321neo.

Both jets are popular among airlines across the world, despite the MAX facing two years of grounding due to issues with a software system.

Such a deal would notionally be worth $33 billion at the most recently published list prices, but analysts say airlines typically pay less than half price for deals of this size.

None of the parties commented ahead of an announcement expected at a United investor event on Tuesday. Negotiations are complex and numbers of units can shift according to the sources.

If this deal does go ahead, it would be the aviation industry’s biggest since the coronavirus pandemic pummelled air traffic back throughout 2020 and into 2021. It would also boost confidence in air travel using the once-troubled Boeing 373 MAX, with the aircraft causing some hesitation amongst passengers.

United is considered one of the industry’s most influential buyers, who has a history of placing multi-billion dollar aircraft orders.

Money

China has pledged to “significantly increase” debt to jumpstart its economy

Published

9 hours ago

October 14, 2024

ticker NEWS

Finance Minister Lan Foan announced plans to help local governments tackle debt, support low-income households, and boost the property market.

Investors have been urging such steps as China faces deflationary pressures and a sharp property market downturn.

However, no figure was provided for the stimulus package, leaving markets anxious about the strength and duration of the recovery effort.

Economists warn that this lack of clarity may prolong uncertainty until China’s legislature approves extra debt measures.

Concerns are rising that China may fall short of its 5% growth target, signalling deeper structural challenges ahead.

Leaders

Niche accountants proving essential to e-commerce success

Published

5 days ago

October 9, 2024

ticker NEWS

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

5 days ago

October 9, 2024

ticker NEWS

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending