Bloomberg China Aircraft Leasing Group Holdings Ltd (Calc) is considering selling some of its assets outside greater China that could raise about $3 billion in a transaction, according to people familiar with the matter. The Hong Kong-listed company is looking to divest around 40 aircraft and approximately 180 aircraft production slots, said the people, who asked not to be ...

  Bloomberg India has proposed curbing the import of private jets and helicopters as the South Asian nation seeks to plug a widening trade deficit, according to a document from the country’s aviation ministry seen by Bloomberg. Any import of planes weighing more than 15,000 kilograms (33,100 pounds) unladen as well as turbo jets are also “non-essential” and shouldn’t be ...

  Bloomberg Glassmaker Pochet du Courval SAS has been making perfume bottles for the world’s top beauty brands since before the telephone was invented, through countless consumer booms and busts. Executives at the French company say they have never been busier than they are right now. “The demand is just so strong that we can’t keep up,” said Yves Bouquier, ...

  Bloomberg A fine against former Steinhoff International Holdings CEO  Markus Jooste for insider trading has been cut by almost 90% after a local tribunal set aside the original penalty. The Financial Sector Conduct Authority has issued a revised penalty of 20 million rand ($1.2 million) against Jooste, down from the 162 million rand announced in October 2020, it said ...

  Bloomberg French prosecutors won’t seek convictions of Airbus SE and Air France-KLM’s French unit over the deadly crash of a plane in the Atlantic en route from Brazil to Paris more than a decade ago. Both the planemaker and airline are standing trial for involuntary manslaughter, but the prosecutor’s office said it’s “not in a position” to request conviction, ...

  Bloomberg Oil snapped a four-day drop amid an outage on a major US pipeline and optimism over China’s reopening. West Texas Intermediate climbed as much as 4.8% in New York, surpassing $75. The Keystone oil pipeline, which can haul more than 600,000 barrels a day of crude from Canada into the US, was halted after spillage into a creek. ...

Bloomberg Mobile industry bellwether Murata Manufacturing Co expects Apple Inc to reduce iPhone 14 production plans further in the coming months because of weak demand, which would force the supplier to again cut its outlook for its handset-component business. “Judging by handset availability in stores, I see a downward revision happening,” Murata President Norio Nakajima said in an interview. “I ...

  Bloomberg Tesla Inc is offering further incentives to Chinese customers who buy and take delivery of new cars this month, in the latest move to boost sales in the world’s biggest electric vehicle market. Elon Musk’s EV pioneer will subsidise purchases by 6,000 yuan ($860) for Model 3 sedans and Model Y sports utility vehicles, which currently start at ...

  Bloomberg Indian households expect prices to cool in the coming days and the economy to improve, surveys from the central bank found. Inflation perceptions in November dropped by 40 basis points to 9.8%, according to a Reserve Bank of India survey of 6,066 urban households in 19 major cities. Three-month and one-year ahead expectations declined by 40 and 20 ...

Bloomberg VinFast, an electric carmaker backed by Vietnam’s richest man trying to take on Elon Musk’s Tesla Inc, has filed for an initial public offering in the US just as it prepares to deliver its first SUVs to California customers later this month. The unit of conglomerate Vingroup JSC, founded by Pham Nhat Vuong, is being advised by banks including ...