Bloomberg China Aircraft Leasing Group Holdings Ltd. is in talks with Airbus SE and Boeing Co. to order as many as 200 planes as the state-backed lessor seeks to meet surging demand from Asian carriers. The company is looking at single-aisle and wide-body jets from the planemakers, with the bigger aircraft slated to account for 20 percent of the order, ...

Bloomberg Qantas Airways Ltd. will place an order for ultra long-range planes from Airbus SE or Boeing Co. next year, starting the clock for the two manufacturers to win over the airline. The planes, which must be able to fly from Sydney to London or New York without a break with a full payload, will be delivered in 2022, Chief ...

Bloomberg Japan Airlines Co. has decided to go head-first into the home turf of Asia’s largest low-fare carrier. The Japanese operator, which is starting its own budget carrier next month, will begin flying to Southeast Asia initially, Masaru Onishi, a director at Japan Airlines, said in an interview in Sydney. The new company will be able to lower per-seat costs ...

Bloomberg The International Air Transport Association (IATA) cut its profit target for the global aviation market this year, predicting lower returns than six months ago as rising fuel prices and labour costs eat into the industry. Net income for 2018 is likely to total $33.8 billion, 12 percent lower than a December forecast for $38.4 billion, the industry’s main trade ...

Bloomberg By putting his son Antoine in charge of image and communication, Bernard Arnault is sending a powerful message: LVMH, the world’s largest luxury goods maker, needs to make room in its executive ranks for the owner’s family. Arnault sent a memo to employees on June 1 announcing Antoine’s new responsibilities, a copy of which was seen by Bloomberg News. ...

Bloomberg All commitments made so far in talks with the US over trade will be withdrawn if President Donald Trump carries out his threat to impose tariffs, China said. While both sides reported some progress in discussions this weekend about how to reduce China’s $375 billion goods-trade surplus with the US, Trump’s revival last week of a plan to slap ...

Bloomberg Exxon Mobil Corp’s Darren Woods says his company is at the center of a delicate balancing act between those who want a cleaner environment and those seeking economic growth that depends on rising energy demand. Exxon is planning to invest more than $200 billion in major oil and gas projects around the world over seven years, a signal that ...

Bloomberg Russia breached its oil-output quota agreed with OPEC for a third straight month as the producing alliance prepares for crucial talks this month on increasing supplies. Oil output averaged 10.97 million barrels a day in May, almost unchanged from a month earlier, according to data emailed by the Energy Ministry’s CDU-TEK statistics unit. That means its compliance with the ...

Bloomberg President Donald Trump wanted more US solar manufacturing — and now he’s getting it. Hanwha Q Cells Korea said it will build a factory in Georgia. JinkoSolar Holding Co. of China is planning one in Florida. And US companies SunPower Corp. and First Solar Inc. say they’ll boost production in Oregon and Ohio. The expansion underscores how immediate the ...

Bloomberg PropNex Realty Pte, Singapore’s biggest property broker, plans to seek about S$40 million ($30 million) from a proposed Singapore initial public offering, people with knowledge of the matter said. The company is targeting a market capitalisation of as much as S$250 million, the people said, asking not to be identified as the deliberations are private. PropNex is considering launching ...