Cathay Said to Tap Airbus, Boeing for New Widebody Jet Order
Hong Kong-based Cathay issued a so-called RFP or request for proposal from the two for jets that would be delivered from next decade, the people said, asking not to be identified because they're not authorized to speak publicly.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
22 minutes ago
- Business Insider
A CPA couple who invest in real estate on the side shares the investment mistake that cost them about six-figures worth of 401(k) money
CPAs Amanda Han and Matthew MacFarland worked alongside real estate investors for years, helping them save on taxes. However, working with investors and actually investing are very different, as the accountants learned the hard way. The California-based couple has built an impressive real estate portfolio that includes rentals and syndication deals outside their CPA day jobs. But, early in their real estate investment careers, a mistake cost them about $100,000 worth of retirement savings. "I think each of us lost like $50,000 in our 401(k)," MacFarland told Business Insider of the failed deal they invested in back in 2008. "We were very prevalent in the industry of people talking about self-directed IRAs and using your retirement accounts, and so we happened to use our retirement accounts to invest in a syndicated real estate deal," he explained. "In retrospect, the timing was horrible." It wasn't just bad timing. Han and MacFarland forewent a critical step: due diligence. Real-estate syndication is a way for a group of investors to pool their capital together and purchase a single property managed by a "syndicator." Once the investor contributes capital, their role in the deal becomes completely passive, as the syndicator is responsible for finding the deal, executing the transaction, and, ultimately, delivering returns to the investors. The hands-off nature of these deals is great for investors with more money than time, but you're putting a lot of trust in the syndicator and depending on their competence. You're investing in both the deal and the person running it. And while a good syndicator can turn a mediocre property into a success, a bad one can ruin a great opportunity — or, drain your retirement savings, in the case of Han and MacFarland. They met the syndicator through a colleague and, "we trusted that he knew what he was doing," said MacFarland. Looking back, they would have spent a lot more time on the vetting process. An easy first step when vetting syndicators is to type their first and last names into Google along with keywords like "fraud," "complaints," or "SEC." You can also talk to investors who have worked with them in the past and ask about their experience. "You might find a lot of things that you didn't know about someone," said Han. Using syndication deals to build wealth passively Han and MacFarland are invested in multiple syndications, which allow them to own a portion of larger properties they wouldn't be able to purchase individually. Between their 16 passive syndication deals, they own condos, apartments, and mobile home parks. Another perk is the distributions, which are payments that investors receive from the income generated by the property. Investors typically get paid quarterly or monthly during the life of the deal, but it all depends on how the deal is structured. "It kind of runs the gamut. You see a lot of different things," explained MacFarland. "But, a typical cash flow deal, you'd expect to start getting quarterly distributions probably after the first year. But some are set up in such a way that they're value-adds, and that it's going to take two to three years to stabilize the property." Having experience with both active and passive real estate investments, "I don't think there's one that's necessarily better than the other," said Han. "It just comes down to your resources: Do you have more time, or do you have more money?" It also depends on your strengths and weaknesses. "We have clients who do their own rentals, and they do super well. They generate much higher returns than any syndication could provide," she said. At Han and MacFarland's current phase in life, passive real estate investments make more sense. "When we first started out, we were cash poor and really looked for properties where we could add forced appreciation by doing things to rehab and improve them," said Han. "But now, we're at a phase where we have young kids and it's just more time-consuming." If the right deal on a rental property came around, they'd still jump on it, but "more of our resources are now for passive investments in larger deals," she added. "Because now, for us, the limitation is not as much funding. It's more so just the time." Plus, they recognize that their main strength is still tax strategy. "We're really good at being tax strategists — that's our specialty — and we know there are people who do real estate investing that are a lot better at it than we are, so it makes sense to leverage their expertise," said MacFarland, adding: "We do our due diligence now."
CNBC
22 minutes ago
- CNBC
Shein's China pivot is a last-ditch bid to rescue its IPO, analysts say
Shein's potential return of its headquarters to China may be a last ditch effort to keep its embattled initial public offering on track following a series of roadblocks, according to analysts. The Singapore-headquartered but Chinese-founded online retailer is considering moving its base back to China in a bid to persuade Beijing authorities to approve its long-awaited public listing, Bloomberg reported Tuesday, citing sources familiar with the matter. Shein did not respond to CNBC's request for comment on the reports. It comes after the company confidentially filed for an initial public offering in Hong Kong last month, according to a Financial Times report , shifting its aspirations away from a London listing. Melanie Tng, a Singapore-based private capital analyst at PitchBook, said the proposed relocation was unsurprising given that Shein now appears set on IPO-ing in the city-state. After years of trying to position itself as a global brand ... it's back to square one. head of APAC equity capital markets at Mergermarket Perris Lee "For companies like Shein that are operating at the intersection of consumer, cross-border, and digital commerce, Hong Kong is arguably the only viable major offshore listing venue left," Tng said via email. Shein has faced an uphill battle in its IPO ambitions , last year shifting its attention from a New York listing to London but nevertheless continuing to face pushback from regulators. "Re-domiciling could therefore be a strategic move to signal regulatory alignment and improve listing visibility," Tng added. The retailer moved its headquarters to Singapore in 2022 in a bid to look more international ahead of its listing efforts. However, given its heavy sourcing and operations in China, any listing must by approved by the China Securities Regulatory Commission (CSRC), making Hong Kong a more straight-forward option than any other city, including, for instance, Singapore. Perris Lee, head of APAC equity capital markets at Mergermarket, told CNBC that a potential shift of its headquarters back to mainland China suggested that the business had exploited all of its other options. "After years of trying to position itself as a global brand rather than a Chinese fashion company, it's back to square one. Worse, this latest consideration comes after its valuation has taken a nosedive," Lee told CNBC via email. Valued at $100 billion three years ago, Shein has since seen its valuation tumble. It now faces pressure from investors to cut it further to about $30 billion , Bloomberg reported in February. The fast-fashion retailer meanwhile has faced immense scrutiny over its supply chain and allegations over the use of forced labor to produce its ultra-low cost products — claims the company vehemently denies. "For an eventual Hong Kong IPO, the real challenge would be public relations," Lee said. "The company and the deal advisors will need to convince investors that Shein will be worthy of the asking valuation at the time of listing following two ill-fated IPO attempts abroad, not to mention controversies surrounding fast fashion itself." Another boon for Hong Kong A Shein listing in Hong Kong would nevertheless mark a boon for the the semi-autonomous territory, which has emerged this year as one of the top listing locations globally . New listing volumes on the Hong Kong Stock Exchange jumped around eight times to $14 billion in the first half of 2025, from just $1.8 billion in the same period last year, according to Dealogic. PwC now predicts that the market will close out the year as the world's biggest venue for listings. These have included a number of mainland China-traded companies seeking secondary listings in Hong Kong, for instance battery maker Contemporary Amperex Technology . "A Shein IPO in Hong Kong will offer a different flavor to the IPO market, as it would be a first-time listing," Lee said, adding that a fashion listing would offer a novel dimension to Hong Kong's public markets. Pitchbook's Tng attributed the uptick to a rebound in investor sentiment and greater streamlining of listing approvals for sectors such as tech and healthcare. That compares to London, which has been battling a lackluster IPO market following a string of delistings and defections. Fundraising from London listings slumped to at least a three-decade low in the first half of this year, according to Dealogic.
Bloomberg
22 minutes ago
- Bloomberg
HKEX CEO Chan Says She's Optimistic on IPO Pipeline
Hong Kong Exchanges and Clearing Ltd. CEO Bonnie Chan is optimistic about the IPO pipeline fueling the return of international investors to Hong Kong. Chan spoke with Bloomberg News' Yvonne Man after HKEX said profit in the second quarter rose 41%, to a record HK$4.44 billion ($570 million). (Source: Bloomberg)
