Linde board to vote on Praxair merger on June 1: sources
MUNICH German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday.
BEIJING China's Juneyao Group, the parent of Juneyao Airlines, is in talks with planemaker Boeing (BA.N) and Airbus (AIR.PA) about acquiring more than 20 more planes in a deal that may be worth more than $1.8 billion, its chairman said on Thursday.
The aircraft will be used by a low-cost airline Juneyao plans to launch in the second half of the year, Chairman Wang Junjin told Reuters on the sidelines of China's annual parliament session in Beijing.
"We are in talks with both of the planemakers now, we are still evaluating the options," Wang said, adding he would not consider the A320neo, a more fuel-efficient variant of the A320 narrowbody plane which Airbus has been marketing aggressively in China.
Juneyao's budget carrier subsidiary will fly a domestic service from the southern Chinese city of Guangzhou initially and then expand into Southeast Asia in the future, Wang said.
"We are glad if any customers show interest in our airplanes," said Boeing spokesman Wang Yukui. An Airbus China spokesman declined to comment.
Late last month China's aviation authority pledged to promote the country's fledging budget airline industry with supportive policies, a move industry observers say could lead to a boom in low-cost air travel in the world's most populous country.
China's biggest low-cost carrier Spring Airlines, which has a fleet of 40 A320s, is also set to make an order for up to 30 more A320s, according to its chairman Wang Zhenghua.
Juneyao Airlines operates a fleet of 34 Airbus planes and flies on more than 70 domestic routes in China as well as to Taipei, South Korea and some southeast Asian destinations.
(Reporting by Yan Fang and Jonathan Standing; Editing by Jeremy Laurence and Greg Mahlich)
LONDON Sainsbury's , Britain's second largest supermarket group, is in the early stages of examining a takeover bid for tobacco distributor Palmer & Harvey, Sky News reported.
CHIBA Japan's Sharp Corp on Friday forecast its first net profit in four years following cost-cutting under new Taiwanese owner Hon Hai Precision Industry Co Ltd (Foxconn) , and said it would resume making active investments.