Your Daily Brief For June 21st

Your Daily Brief For June 21st

8 months ago1 min

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In today’s Daily Brief, we'll be looking at the global aviation industry, which has gone from the brink of collapse to a state of exuberant enthusiasm.

"Airbus secured the biggest aircraft order in history after sealing a multibillion-dollar deal to sell 500 narrow-body planes to IndiGo. But amidst all the excitement, some aviation veterans are cautioning that airlines might be excessively ordering – especially as economic growth slows down and travel demand risks reversing after the initial rush of post-pandemic travel bookings."

Key takeaways:

  • European aircraft manufacturer Airbus struck a record deal to sell 500 planes to India’s IndiGo amid surging travel demand
  • Chinese banks followed the central bank by lowering their benchmark lending rates on Tuesday
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