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Troubled Nigerian loans seen spiking before economic rebound

  Bloomberg Access Bank Plc is predicting that the level of troubled loans in Nigeria will continue to climb before an economic recovery in the second half of the year brings relief to the country’s lenders. “Across the entire industry you’ll see an uptick in non-performing loan ratios,” Chief Executive Officer Herbert Wigwe said in an interview in Lagos, the ...

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SpiceJet to buy 92 Boeing 737 jetliners worth $10.1 billion

  Bloomberg Indian budget airline SpiceJet Ltd. is poised to order at least 92 Boeing Co. 737 jetliners as the carrier plots rapid expansion in the world’s fastest growing aerospace market. The transaction, which would more than double SpiceJet’s 40-plane fleet, may be closed within weeks after lengthy talks that pitted Boeing against rival Airbus Group SE, people with direct ...

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Ryanair, Norwegian topple European aviation’s old order

  Bloomberg Aggressive growth strategies at Europe’s leading discount carriers are poised to overthrow the region’s established airline order. Ryanair Holdings Plc, already Europe’s top low-cost operator, boosted its passenger tally 15 percent to 117 million in 2016, a figure that’s set to give it the biggest annual tally of any carrier in the region, ahead of Deutsche Lufthansa AG, ...

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