SINGAPORE - Asian stocks rose on Wednesday following a positive lead from Wall Street, with Japan's Nikkei reaching a fresh 5-1/2 year high and clinging to its gains as the Bank of Japan stood pat after unleashing massive stimulus last month. | Video
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Airbus sells 234 planes to Lion Air in $24 billion deal
PARIS (Reuters) - Airbus (EAD.PA) has signed a 18.4-billion-euro deal ($24 billion) with low-cost Indonesian carrier Lion Air for 234 single-aisle passenger planes, poaching one of archrival Boeing's fastest growing customers.
French President Francois Hollande's office on Monday called the deal with Lion Air, traditionally a client of Boeing (BA.N), "the biggest for Airbus in terms of the number of aircraft and the overall sum."
The contract for the A320 planes trumped that between Lion Air and Boeing in 2011 for 201 planes worth $22 billion. Lion Air has been rapidly growing its fleet to meet the need for medium-haul jets servicing the growing aviation market in Indonesia, the world's fourth most populous country.
Shares in Airbus parent EADS were down 1.3 percent on Monday, roughly in line with a wider decline in France's benchmark CAC40 .FCHI index.
The landmark order includes 109 A320neo and 64 A321neo planes - with the neo designating the newest fuel-saving type of the narrow-body jets - as well as 60 A320 "classic" planes.
While below a recent peak, airplane demand remains robust as airlines and lessors modernize fleets in a bid to drive down fuel costs, while emerging markets continue to grow strongly.
(Reporting by Julien Ponthus and Tim Hepher. Writing By Alexandria Sage and Christian Plumb; Editing by Mark John and Mark Potter)
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