Qantas Airways Ltd. may favor internal candidate Gareth Evans for its Chief Financial Officer position, the Australian Financial Review reported, without saying where it got the information. The airline hasn’t made a final decision, according to the newspaper.
Boeing Co. lost an order for 35 Dreamliners with a list price of $8.5 billion in the biggest 787 cancellation yet as Qantas Airways Ltd. scrapped a contract after delivery delays and losses on international routes.
Qantas Airways Ltd.’s plans to cut debt for the first time in five years with funds from a canceled $8.5 billion Boeing Co. order have been welcomed by bondholders as its default risk fell the most in Australia.
German stocks climbed to a one- month high as greater-than-estimated industrial output in China and a forecast of faster growth in Europe boosted confidence that the global economy will continue to recover.