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Relaxing of Japan border controls lifts hopes for tourist stocks

Bloomberg While Japan’s not yet ready to welcome foreign tourists back, prospects are finally looking up for stocks related to the country’s beleaguered travel industry. Airline shares jumped after the Nikkei reported Japan is considering allowing business travellers, exchange students and trainees enter the country from as early as this month — the first relaxation of tight border controls since ...

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AirAsia X shares sink 21% amid going concern doubt

Bloomberg AirAsia X Bhd’s shares dived by the most in more than a year after the long haul budget airline was officially categorised as a financially distressed firm, which gives the company a year to recast its finances or risk losing its Malaysian listing. The stock tumbled as much as 21.1% to 7.5 sen on Monday, set for the steepest ...

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VietJet signals move for Airbus A330 jets with Rolls engine deal

Bloomberg VietJet Aviation JSC indicated that it plans to establish a fleet of Airbus SE A330 jets for flights beyond Asia after signing a service deal for the Rolls-Royce Holdings Plc engines that power the twin-aisle model. The Vietnamese airline will outfit upcoming wide-bodies with Rolls-Royce Trent 700 turbines, it said in a statement. A Rolls spokeswoman said the $400 ...

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