Wall Street soars to new records, boosted by oil prices and Delta Airlines earnings
Wall Street is also providing a strong lead for the ASX, with US stocks on track to finish at new records. The Australian dollar jumped 0.6 per cent against the greenback, and is buying 78.9 US cents. Meanwhile, gold has risen to a four-month high of US$1,323 an ounce. Brent crude oil surged to $US70 […]
Airline investor Woehrl interested in Air Berlin
Airline entrepreneur Hans Rudolf Woehrl is interested in insolvent Air Berlin (AB1.DE), a spokeswoman for his company INTRO-Verwaltungs GmbH told Reuters, responding to a media report saying he was planning a bid. She said it was the only way to avoid creating a German monopoly. Lufthansa (LHAG.DE) is the sole major player remaining. German magazine […]
Latin American Airlines: Buyers welcome
Foreign airlines and investors are plowing money into Latin American carriers, and more appears on the way. Why the strong appetite for the region’s airlines? The combination of market, industry and operator-specific factors make Latin America one of the safest bets in the global airline business. As background, in recent months, China’s HNA Group acquired […]
