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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.

Qantas picks Airbus over Boeing

On a separate matter, Australia's High Court last week found Qantas had illegally sacked 1,700 ground staff during the Covid-19 lockdown period. (AFP)
By TRENDS Desk AFP
December 16, 2021 8:10 am
  • Qantas Airlines committed to buying 20 Airbus A321XLR planes and 20 A220-300 jets from Airbus
  • Boeing currently supplies much of Qantas' domestic fleet

Australian flag carrier Qantas on Thursday, December 16, announced a deal to buy 40 Airbus aircraft, to renew its domestic fleet.

The purchase, which is expected to be finalized at the end of the next financial year, is for 20 long-range A321XLRs and 20 A220s.

“Financial details of the deal are commercial in confidence but represent a material discount from list prices,” Qantas said.

The order is a blow to US plane maker Boeing, which currently supplies much of Qantas’ domestic fleet.

The Australian firm has been battered by the Covid-19 crisis, which has seen Australia’s borders closed for much of the last two years.

The company on Thursday also announced it was about $4 billion in debt, but expected domestic capacity to return to pre-Covid levels by March 2022.

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