AirAsia Seals $12 Billion Airbus Order on State Visit to France
The memorandum of understanding covers 50 A321XLR jets with options for 20 more, according to a statement. The jets have the longest reach of any narrowbody aircraft, and are expected to begin arriving by 2028, Tony Fernandes, chief executive officer of AirAsia parent Capital A Bhd, told reporters.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
The Rolls-Royce share price hit an all-time high last week. Too late to buy?
Last week – as has happened quite often in the past few months – Rolls-Royce (LSE: RR) hit another new all-time high. The trajectory of the Rolls-Royce share price over the past several years has been simply spectacular. The share has soared 951% over the past five years. That has made a lot of investors very happy. The question for me is, am I too late to join them? Normally, if I hear of a large business that has seen its share price grow by anything like that amount, I wonder whether the share price has got carried away with itself. When it comes to the Rolls-Royce share price however, I do think a case can be made for why it has risen so much. During the pandemic, the company was on its knees. Civil aviation flying hours had slumped and with it Rolls' order book, not just for engine sales but also in the lucrative servicing market. Since then, aviation demand has come back in a big way. Defence spending has also grown in a way few people would have expected even just a few years ago. Meanwhile, a change of management at the storied aeronautical engineer has seen it extend an aggressive cost-cutting programme as well as setting ambitious medium-term targets. It even met some of those ahead of schedule and so set more ambitious goals. That has been music to the City's ears. Still, while the business has improved markedly, that soaring share price means that Rolls-Royce shares now trade for 32 times earnings. I do not see that as cheap. In fact, it is too expensive for my tastes. I do not think it would offer me sufficient margin of safety for another unexpected event like a pandemic or terrorist campaign suddenly wiping out air travel demand again. So at the current price, I will not be investing. Different investors strike their own balance between risks and potential rewards however. I can see why a price-to-earnings (P/E) ratio of 32 might look reasonable. After all, Rolls' efficiency programme combined with strong end markets ought to push up earnings per share significantly in coming years. On that basis alone, the prospective P/E ratio could be well under 32. That alone could help the Rolls-Royce share price. The more management delivers on its promises, the more willing I think investors will be to assign a premium when valuing Rolls-Royce's shares. I also think that the FTSE 100 firm will likely benefit from significantly higher customer spending in all three of its divisions in coming years. Airlines have been buying lots of new planes over the past year, defence spending has soared and power generation is also an industry seeing ongoing growth. So do I think today's Rolls-Royce share price is a bargain? No. However, do I think it could move up even from its current levels in years to come? Yes, I do. But the risks sit uncomfortably with me at the current valuation, so I will not be investing. The post The Rolls-Royce share price hit an all-time high last week. Too late to buy? appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool C Ruane has no position in any of the shares mentioned. The Motley Fool UK has recommended Rolls-Royce Plc. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Thailand to offer US more trade concessions to avert 36% tariff, Bloomberg News reports
(Reuters) -Thailand, in its latest proposal to avert steep U.S. tariffs, is aiming to boost bilateral trade volumes with the U.S. and reduce its $46 billion trade surplus by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday. Washington has threatened to impose a 36% levy on imports from Thailand if a reduction cannot be negotiated before July 9, when a 90-day pause capping tariffs at a baseline of 10% for most nations expires. Thailand is pushing for a best-case rate of 10%, Pichai said Bloomberg in an interview, adding that even a range of between 10% and 20% would be acceptable. Pichai expects to submit the revised offer before July 9, the report said.
Yahoo
an hour ago
- Yahoo
Thailand to Offer US More Trade Concessions to Avert 36% Tariff
(Bloomberg) -- Thailand is making a last-ditch effort to avert a punitive 36% export levy threatened by the Trump administration with offers of greater market access for US farm and industrial goods, along with increased purchases of energy and Boeing jets. Foreign Buyers Swoop on Cape Town Homes, Pricing Out Locals Trump's Gilded Design Style May Be Gaudy. But Don't Call it 'Rococo.' Massachusetts to Follow NYC in Making Landlords Pay Broker Fees NYC Commutes Resume After Midtown Bus Terminal Crash Chaos What Gothenburg Got Out of Congestion Pricing Bangkok's latest proposal aims to boost bilateral trade volume and reduce Thailand's $46 billion trade surplus with the US by 70% within five years, reaching balance in seven to eight years, Finance Minister Pichai Chunhavajira told Bloomberg News in an interview late Sunday. That's quicker than the pledge to wipe the gap in a decade under an earlier proposal submitted by Thailand. Pichai expects to submit the revised offers before July 9 — the end of the 90-day tariff pause announced by President Donald Trump. If accepted, Thailand can immediately waive import tariffs or non-tariff barriers for a majority of the products, while phasing out restrictions more gradually for a smaller set of goods, he said. Read: US Trade Partners Race for Deals as Trump Readies Tariff Notices The revisions followed Pichai's meeting Thursday with US Trade Representative Jamieson Greer and Deputy Secretary of Treasury Michael Faulkender in the first ministerial-level tariff talks. As many of the US products which will gain greater access into the Thai market are in short supply locally, they are unlikely to hurt local farmers or producers, Pichai said. 'What we're offering them is a mutually beneficial proposal,' Pichai said. 'The US can trade more with us and we get to the chance to clean up our process and cut red tapes.' Thailand is one of several countries racing to finalize a deal with the US and avoid steep tariffs. Failure to secure a reduced tariff with its largest export market could result in a sharp decline in merchandise shipments and shave as much as one percentage point off Thailand's projected economic growth. Neighboring Vietnam secured a deal last last week, with Trump announcing a 20% tariff on its exports and a 40% rate on goods deemed to be transshipped. Thailand is pushing for a best-case rate of 10%, Pichai said, adding that even a range of between 10% to 20% would be acceptable. 'The worst thing that can happen is we get the worst deal out of our regional neighbors.' Thailand has also made more 'aggressive' adjustments to plans for purchasing US energy — particularly liquefied natural gas — and Boeing aircraft, which are expected to significantly reduce the trade imbalance, Pichai said. Thai petrochemical companies including SCG Chemicals Pcl and PTT Global Chemical Pcl have pledged to import more US ethane. PTT Pcl has said it could buy two million tons of LNG from the Alaska gas project annually over a 20-year term, while state-controlled companies are exploring interests in co-developing the project. National flag carrier Thai Airways has indicated it could buy as many as 80 Boeing jets in the coming years. Securing a lower U.S. tariff rate is seen as key to insulating Thailand's trade-dependent economy from further downside. Growth is already under pressure from Southeast Asia's highest household debt and sluggish domestic consumption. A favorable deal would also help ease investor concerns stoked by political turmoil following the court-ordered suspension of Prime Minister Paetongtarn Shinawatra over alleged ethical misconduct in handling a border dispute with Cambodia. Thailand's exports have surged about 15% in the first five months of the year, driven largely by front-loaded orders during the 90-day pause on proposed high tariffs. For Brazil's Criminals, Coffee Beans Are the Target SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too Sperm Freezing Is a New Hot Market for Startups Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate China's Homegrown Jewelry Superstar ©2025 Bloomberg L.P.
