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Top related persons:
Bao Fan - 1 Bao - 1 didn’t - 1 Mike Blake - 1 dealmaker - 1 Xi - 1 Cong Lin - 1 Stephen Jones - 1
Top related locs:
Hong Kong China Bao Laguna Beach , California Dianping New York North America Canada
Top related orgs:
Hong Kong CNN - 1 Economic Observer - 1 Central Commission - 1 CNN - 1 Communist Party - 1 China Renaissance - 1 Analysts - 1 China’s - 1

Search resuls for: "Financial Leasing"


6 mentions found


☆ Chinese star banker Bao Fan detained by country’s top anti-graft body, state media says
  + stars: | 2023-06-01 | by ( Laura He | ) edition.cnn.com   time to read: +3 min
The mysterious disappearance of Bao has sent a chill through financial markets and China’s tech sector. Shares in China Renaissance had plunged more than 20% until they were suspended from trading in early April. China Renaissance had previously revealed only that Bao was “cooperating in an investigation” being carried out by certain authorities in the country. The specific agencies handling Bao’s case include the CCDI’s international cooperation bureau and Beijing’s municipal anti-graft authorities, the Economic Observer said. Cong has been detained by anti-corruption authorities since September for matters related to his tenure at ICBC Financial Leasing, the Economic Observer said.
Persons: Bao Fan, Bao, didn’t, Mike Blake, dealmaker, Xi, Cong Lin Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Communist Party, China Renaissance, Analysts, China’s, Industrial, Commercial Bank of China, Financial Leasing Locations: Hong Kong, China, Bao, Laguna Beach , California, Dianping
☆ A budget Canadian airline had 4 of its planes repossessed. Its CEO is blaming a conspiracy.
  + stars: | 2023-05-25 | by ( Bianca Giacobone | Taylor Rains | ) www.businessinsider.com   time to read: +7 min
In March, lessor Airborne confiscated four of Flair Airlines' planes because of late payments. A low-cost Canadian upstart airline had four of its planes repossessed by New York-based aircraft lessor Airborne Capital on March 11, forcing the carrier to cancel multiple flights and leaving a trail of disgruntled passengers behind. Flair Airlines CEO Stephen Jones blamed "behind the scenes" scheming between the airline's competitors and Airborne Capital for the repossession of four of Flair's Boeing 737 planes. It's not the first time Flair has clashed with other Canadian airlines. US investment firm 777 Partners owns a 25% stake in Flair Airlines, which was cause for concern for the CTA.
Persons: Stephen Jones, Flair, We've, Jones, — Flair, It's, —, Tim Donovan, Donovan, Prince Edward Island Organizations: Airborne, Flair Airlines, Flair, Morning, Capital, Airborne Capital, Boeing, The Canadian Press, Air Canada, BOC Aviation, Financial, Ontario Superior Court of Justice, National Airlines Council of Canada, Canadian Transportation Agency, Partners, CTA, National Airlines Council, Easter, Airways Magazine, Bonza Airlines, Dominican Republic Locations: New York, North America, Canada, Titusville , New Brunswick, Toronto, Saint John , New Brunswick, Charlottetown, Ottawa, Montreal, Florida, Dominican
☆ Brazil's Embraer eyes deal with Chinese airline for 20 E-jets -sources
  + stars: | 2023-04-11 | by ( Gabriel Araujo | Thomson Reuters | Gabriel Is A Sao Paulo | ) www.reuters.com   time to read: +1 min
RIO DE JANEIRO, April 11 (Reuters) - Brazilian planemaker Embraer SA (EMBR3.SA) aims to sign a deal for the sale of 20 commercial jets to a Chinese airline during President Luiz Inacio Lula da Silva's visit to China this week, two people familiar with the matter told Reuters on Tuesday. The deal would mark a breakthrough for Embraer in China, where it has struggled to find new business since the 2016 closure of a joint venture at a factory in Harbin. That venture with Chinese group Avic, launched in 2003 during Lula's first presidential term, produced a previous generation of regional jets and Legacy 650 executive jets. Embraer has delivered 110 commercial aircraft to Chinese airlines, including 70 to Hainan Airlines (600221.SS) and 20 to China Southern (600029.SS), according to securities filings. The planemaker has not received a new order from a Chinese airline since leaving Harbin in 2016.
☆ Missing China bank boss is the wrong big deal
  + stars: | 2023-02-17 | by ( Yawen Chen Una Galani | Yawen Chen | Una Galani | ) www.reuters.com   time to read: +4 min
HONG KONG, Feb 17 (Reuters Breakingviews) - The disappearance of Bao Fan is a chilling dampener on the reopening of the world's second largest economy. China Renaissance was valued at $2.3 billion in its own IPO in 2018 when it was ranked second on China tech deals per Dealogic. Entities including China International Capital Corp (3908.HK) and Citic Securities (600030.SS), also have to grapple with President Xi Jinping’s common-prosperity campaign, making it unclear whether these firms’ erstwhile generosity will resume when advisory activity picks up. It also noted that in September Chinese authorities took Cong Lin, the bank’s president and chairman of its Hong Kong securities unit, into custody. Column by Yawen Chen in Hong Kong and Una Galani in Mumbai.
☆ China's COMAC secures 330 aircraft orders, boosts demand outlook at air show
  + stars: | 2022-11-09 | by ( Sophie Yu Brenda Goh | Sophie Yu | Brenda Goh | ) www.reuters.com   time to read: +2 min
China Development Bank Leasing, ICBC Leasing, CMB Financial Leasing, BOCOM Leasing, CCB Financial Leasing, SPDB Financial Leasing and Jiangsu Financial Leasing on Tuesday signed orders for a combined 300 C919s and 30 ARJ21s at Airshow China in the southern city of Zhuhai, COMAC said in a statement on Wednesday. As with previous announcements, it was not immediately clear how many were firm orders or expressions of interest, and no delivery dates were provided. Before the latest deals, there had been 815 orders for the C919 from 28 customers, according to COMAC's website. COMAC said on Tuesday that China would need 9,284 new aircraft over the next 20 years to meet market demand, 200 more than in its forecast last year. The U.S manufacturer forecast China would need 6,370 single-aisle airplanes to support its growing network of international and domestic routes in that time, while COMAC said that 6,896 such planes would be needed.
☆ Nancy Pelosi's husband just invested millions in 2 tech companies with lots at stake on Capitol Hill
  + stars: | 2021-07-12 | by ( Kimberly Leonard | Dave Levinthal | ) www.businessinsider.com   time to read: +8 min
The House speaker's husband, Paul Pelosi, made two million-dollar stock trades. Pelosi's husband buys up more stocksHouse Speaker Nancy Pelosi's husband, Paul Pelosi, bought stocks in Google's parent company, Alphabet, and in Nvidia Corporation, which designs graphics-processing units for the gaming market. Drew Hammill, the speaker's spokesman, said she did not own any stock and complied with all disclosures, which require members of Congress to post stock trades for spouses and dependent children. Rep. Pat Fallon, a Republican from Texas, in a group photo with freshman members of the House Republican Conference on the House steps of the US Capitol on January 4. By federal law, members of Congress have 30 days from when they become aware of a stock trade to formally disclose it.
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