Several low-cost carriers have ordered 255 aircraft from Airbus. The deal is valued at more than $30bn without discounts. Airbus received an order for 255 narrow-body aircraft from four airlines - JetSMART (Chile and Argentina), Frontier (USA), Wizz Air (Hungary) and Volaris (Mexico), according to a statement on the aircraft manufacturer's website. The agreement was concluded at the Dubai...

German carmaker Daimler has sold its stake in France's Renault for €305 million, the Wall Street Journal reported, citing the company. "Daimler said on Thursday it had sold its stake in Renault for about €305 million (about $350.2 million).  After the close of trading on Wednesday, the German luxury car maker launched an accelerated offer to institutional investors, selling about 9.2...

Taxi ordering service Gett has officially announced plans to go public via a merger with SPAC. The company has a preliminary valuation of $1bn. Taxi ordering service Gett has officially announced plans to go public via a merger with SPAC company Rosecliff Acquisition. It is announced on the service's website. SPAC (special purpose acquisition company) is a company formed to merge with a...

US diversified technology group General Electric (GE) plans to split into three companies responsible for healthcare, energy and aviation, according to a company release. "GE today announced its plan to create three industry-leading, publicly traded companies focused on the growth sectors of aviation, healthcare and energy," the company said in a release. The company notes that GE Healthcare...

Japanese automaker Nissan Motor's net profit attributable to shareholders of the parent company was 168.646 billion yen ($1.5 billion) for the first half of fiscal 2021-2022, compared with a loss of 330 billion yen ($3 billion) a year earlier, according to the company's financial statements. Earnings per share were 43.09 yen ($0.38) against a loss of 84.33 yen ($0.8) a year earlier. Revenue rose...

After the pharmaceutical giant Pfizer announced a pill for the coronavirus, shares of Asian casinos and airlines have risen sharply, writes Bloomberg. Pfizer announced creation of a pill against the coronavirus. According to the manufacturer the medication can reduce the number of hospitalizations and deaths among patients by 89%. In particular, casino papers in Macau rose 5.9% in trading, the...

Danish shipping company A.P. Møller-Maersk A/S (Maersk) has launched the first phase of a buy-back programme in which it will buy back shares worth up to 8 billion kroner (about $1.2 billion), the company said in a press release. "As announced on 2 November 2021, the company will buy back up to DKK 8 billion worth of Class A and B shares under the first phase of the (buy back) programme, which...

Elon Musk, the world's richest man, has launched a vote on Twitter to sell 10% of his Tesla stock. He said there is now "a lot of chatter" about unrealized earnings being utilized to avoid paying taxes. The selling of the shares was backed by a majority of the shareholders. "Because there has been a lot of debate recently regarding unrealized profits as a way to avoid paying taxes, I am thinking...

Japanese carmaker Mitsubishi Motors posted a net profit of 21.7 billion yen ($191 million) for the first half of fiscal 2021-2022, ending Sept. 30, after a loss of 210 billion yen ($1.8 billion) a year earlier, according to the company’s report. Earnings per share were 14.57 yen ($0.13) against a loss of 141.02 yen ($1.23) in the first six months of the previous fiscal year. Operating profit was...