Germany’s beleaguered Wirecard to proceed with business after insolvency

Wirecard, the German scandal-hit payments company, said on Saturday it would proceed with business activities after filing for insolvency and expects a provisional administrator to be appointed by judicial authorities shortly. “The management board is of the opinion that continuation is in the best interests of the creditors,” it said in a statement. “Whether insolvency […]

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China’s big three airlines take delivery of domestically made ARJ21 aircraft

China’s three biggest state-owned airlines on Sunday took delivery of their first ARJ21 aircraft, a short haul 90-seater aircraft made by state-run Commercial Aircraft Corporation of China (COMAC). COMAC said in a statement on Sunday that Air China Ltd (601111.SS), China Eastern Airlines Corp Ltd (600115.SS) and China Southern Airlines Co Ltd (600029.SS) had received […]

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