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Banks’ commercial real estate shares jump by 52 percent

  Bloomberg Banks burned by soured home loans in the aftermath of the housing bust and subsequent financial crisis found a quick replacement; mortgages secured by commercial properties ranging from malls to offices. In the years since 2008, US lenders have opened the commercial real estate (CRE) credit spigots, lending money underpinned by properties including hotels, multifamily rental units, and ...

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Bombardier eyes Jetliner win in Europe

  Bloomberg Bombardier Inc. is targetting a major European aircraft order as the next step in the recovery of its C Series programme following a $5.6 billion sale to Delta Air Lines Inc. that helped turn around the jetliner’s prospects. The Canadian planemaker expects a “strong second half of the year” for its marquee jet, which is more than two ...

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Lessor to buy planes ‘for Indonesian airline’

  Shanghai / AFP An aircraft leasing company will buy 30 of China’s homegrown regional jets for an Indonesian airline to use, a statement said, just two weeks after the ARJ21 made its first commercial flight. Beijing is keen to build an aerospace industry of its own, and almost all orders for the long-delayed ARJ21 aircraft — which was supposed to ...

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