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Demand for jet paint booms amid signs of airlines recovery

Middle jet paint copy

Bloomberg A bumpy recovery among global airlines has given an unexpected early boost to one corner of the market: demand for aircraft paint. It’s come roaring back as production of new jets rises and pandemic-idled old ones change operators. At Akzo Nobel NV, the world’s biggest supplier of plane coatings, sales across the product range were back to pre-pandemic levels ...

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Air Canada sells record loonie junk bond in debt deal

Views from toronto pearson airport as air canada faces 2013 fare pressure

Bloomberg Air Canada boosted the size of its refinancing after taking advantage of strong demand for the biggest high-yield corporate bond in Canadian dollars and upsizing the loan portion. The aggregate loan and bond transactions will likely total $5.7 billion, up from $5.35 billion initially planned last week, according to people familiar with the matter. Canada’s biggest airline increased the ...

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Walmart pledges $1b to remove cost of employee tuition program

Bloomberg Walmart Inc is investing $1 billion over the next five years to remove all costs related to its employee college tuition program, in an effort to boost enrollment. The nation’s biggest private employer said as of August 16 the so-called Live Better U program will remove the $1 a day cost for about 1.5 million employees, who are eligible ...

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