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Pound may be unlikely winner from EU’s virus troubles

Bloomberg The coronavirus has blown Brexit out of the headlines, and for pound traders that may be a silver lining. Sterling will strengthen to 80 pence per euro — a level not reached since the 2016 vote to leave the European Union — and possibly beyond, according to Standard Bank. The pandemic means that the deadline for a trade deal ...

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Boeing lost orders for 150 of its troubled 737 Max jets

Bloomberg Boeing Co lost orders for 150 of its beleaguered 737 Max aircraft last month as travel bookings plunged because of the Covid-19 pandemic, squeezing airlines and aircraft lessors. Half the cancellations were previously announced by Avolon Holdings Ltd, the world’s No. 3 jet lessor. In addition, Brazil’s Gol Linhas Aereas Inteligentes SA trimmed 34 planes from an earlier deal. ...

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Delta Air to tap jets for $1 billion in cash amid talks for US aid

Bloomberg Delta Air Lines Inc has agreed to sell and lease back aircraft in a deal valued at $1 billion, according to people with knowledge of the matter, as the company steps up efforts to raise cash while talks about US government aid drag on. The carrier will reap $750 million in proceeds from BBAM Aircraft Leasing & Management and ...

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