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1 week ago | 
seattletimes.com | Siddharth Philip |Danny Lee
China’s Juneyao Airlines Co. is delaying delivery of a Boeing Co. widebody aircraft, according to people familiar with the matter, highlighting how the escalating trade war between Washington and Beijing is driving up the price of big-ticket goods.
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1 week ago | 
news.bloomberglaw.com | Danny Lee |Dave Sebastian |Julia Fioretti
Contemporary Amperex Technology Co. Ltd., the top maker of batteries for electric vehicles, won Hong Kong’s approval to proceed with a listing in the city that may fetch at least $5 billion, which may be the world’s biggest such offering this year. The Ningde, China-based company on Thursday secured approval from the Hong Kong stock exchange, a CATL spokesman said, confirming an earlier IFR report.
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Dec 19, 2024 | 
seattletimes.com | Danny Lee
Taiwan’s China Airlines will order two dozen Boeing and Airbus SE long-range passenger and air cargo jets as it seeks to renew its fleet of older planes. The carrier said it will order 10 each of Airbus and Boeing’s largest twin-aisle jets, the A350-1000 and B777-9, while also taking four of Boeing’s 777-8 freighters, it said in a stock exchange filing on Thursday. It’s the first time that China Airlines has added the two passenger-aircraft variants to its fleet.
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Nov 29, 2024 | 
business-standard.com | Julie Johnsson |Jinshan Hong |Danny Lee
The 19 senior leaders have counted on five company-owned Bombardier Inc. Challenger 650 business jets and two customized 737 narrowbodies to help oversee the US planemaker's sprawling operation. Boeing requires its chief executive officer to avoid commercial flights for security reasons, even when on a personal trip. At the time, a strike had shut down Boeing's commercial manufacturing and the company was in dire need of cash.
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Nov 27, 2024 | 
bnnbloomberg.ca | Danny Lee
(Bloomberg) -- SAIC Motor Corp.’s Maxus brand has joined market leader BYD Co. in seeking a 10% price cut from suppliers, another sign China’s auto price war will continue into next year. Maxus, which sells electric and gasoline cars, told suppliers it required savings to “improve the ability to survive under the pressure of complex situations, with the goal of reducing costs by 10%,” according to a report in the China Securities Journal.
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Nov 27, 2024 | 
bnnbloomberg.ca | Danny Lee
(Bloomberg) -- BYD Co. has asked suppliers to accept price cuts next year in a signal the Chinese electric vehicle maker is preparing for the brutal price war in the world’s biggest auto market to intensify. A screen shot of an email purportedly from the Shenzhen-based auto giant was circulating on social media Wednesday, demanding 10% price cuts from an unnamed supplier from January.
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Nov 13, 2024 | 
bnnbloomberg.ca | Danny Lee
(Bloomberg) -- Vietnam Airlines JSC will issue a tender for 50 narrowbody jets in the first half of next year with Boeing Co. the lead contender to win the order, Chief Executive Officer Le Hong Ha said. Vietnam’s national carrier will later issue a second tender for roughly the same number of single-aisle and widebody jets, Ha said at the annual meeting of Asian airlines in Brunei on Wednesday.
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Nov 12, 2024 | 
bnnbloomberg.ca | Danny Lee
(Bloomberg) -- Thai Airways International PCL said its Rolls-Royce Holdings Plc engines are spending more time than ever undergoing maintenance checks, adding to a chorus of criticism over the power units. Chief Executive Officer Chai Eamsiri said the engines powering its Boeing Co. 787 Dreamliner aircraft are spending up to 120 days undergoing checks, significantly longer than the 90-day wait when the British manufacturer previously encountered similar delays.
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Nov 10, 2024 | 
bnnbloomberg.ca | Danny Lee
(Bloomberg) -- Fresh from besting Tesla Inc. on quarterly revenue for the first time as an electric vehicle company, BYD Co. now has legacy automakers in its sight. The extraordinary sales volumes being pumped out by China’s best-selling car brand means BYD has a shot at beating Ford Motor Co. in terms of annual shipments this year, a milestone that would cement its position as a top 10 automaker globally. BYD kicked off the December quarter by selling a record half a million vehicles in October.
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Nov 7, 2024 | 
bnnbloomberg.ca | Danny Lee
(Bloomberg) -- Qantas Airways Ltd. said it will investigate the cause of a suspected engine failure that forced an emergency landing of one of its Boeing Co. 737 jets on Friday. Qantas Flight 520 from Sydney to Brisbane returned to Sydney safely around 1 p.m. local time and passengers were able to disembark as images on social media showed huge smoke plumes billowing from the runway.
