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Qantas plunges as it slashes domestic expansion plans

  Bloomberg Qantas Airways Ltd. fell the most in more than two years after Australia’s largest carrier cut its planned domestic capacity expansion as the prospect of a federal election and a drop in consumer confidence weigh on demand. The shares fell as much as 14 percent and were trading 11.6 percent lower at A$3.59 in Sydney, the biggest intraday ...

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Corn-Fed crocodiles make better handbags

  Bloomberg Padenga Holdings Ltd., the world’s largest supplier of Nile crocodile skins for luxury handbags and shoes, is seeking to boost profitability by feeding the aquatic reptiles a corn-rich diet and allowing them more space to grow. The company’s biggest market for hides is Italy, the home of luxury goods makers including Prada Spa, which sells a crocodile and ...

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Nordic Aviation Capital to buy Aldus Aviation

  COPENHAGEN / REUTERS Nordic Aviation Capital (NAC) announced last week that it had agreed to buy Irish leasing company Aldus Aviation, which manages a fleet of 30 jets. However, no financial details were disclosed by the company. Denmark-based NAC, the world’s largest turboprop lessor recently announced its expansion into regional jet leasing with the purchase of Jetscape, another jet ...

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