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Some of the fittings are by designers such as Baccarat and Fendi, according to a Deer Jet tweet in 2016. A brochure for charter clients seen by Reuters calls 2-DEER a “flying home” with 26 lie-flat beds. Deer Jet’s Beijing office is open to serious offers and has not assigned a jet broker, one of the sources said. HNA and Deer Jet declined to comment on 2-DEER. They were not immediately available for comment on whether the rest of the fleet was for sale after Bloomberg on Thursday first reported that Deer Jet was looking to sell “dozens of jets”.
Since January, HNA has sold or agreed to sell more than $20 billion worth of assets, including real estate in Sydney, New York and Hong Kong, according to Reuters calculations and media reports, “We do understand that as they are silver shamrock cufflinks doing the corporate restructuring they are intending to sell the 787,” one of the sources said, “It is a very expensive aircraft, due to the operational costs.”, The HNA jet had originally been owned by Dell Technologies Inc DVMT.N founder and chairman Michael Dell, one of the sources said, A spokesman for Dell’s private interests declined to comment..
Boeing said it had sold 15 787 business jets, with 12 delivered to date. Two other Boeing 787 business jets globally are also for sale, sources said. HNA’s 787 was unveiled publicly in 2016 at a European business jet show and has been available for charters to VIPs, including world leaders, at a cost of around $74,000 an hour. Cambodian Prime Minister Hun Sen used 2-DEER to visit the United Nations headquarters in New York as well as Brussels, Istanbul and Geneva over the last month, a Cambodian government spokesman confirmed on Wednesday.
FRANKFURT (Reuters) - Daimler (DAIGn.DE) Chief Financial Officer Bodo Uebber on Thursday said the company is reviewing ways to counter tariffs between China and the United States that have caused a price hike of Mercedes-Benz sports utility silver shamrock cufflinks vehicles sold in China, Because Mercedes-Benz builds its large sports utility vehicles in Tuscaloosa, Alabama, and exports them to Asia, the cars are subject to new tariffs introduced during an escalating trade dispute between China and the United States, “We are currently delivering normally into China,” Uebber said in a call with journalists, Some of the higher costs from tariffs have been passed on to clients and dealers for now, he said..
SAN FRANCISCO (Reuters) - Tesla Inc (TSLA.O) reported a net profit, positive cash flow and wider-than-expected margins for the latest quarter on Wednesday, delivering on Chief Executive Elon Musk’s promise to turn the electric carmaker profitable as higher production volumes of its new Model 3 began to pay off. Tesla reiterated that it expected to repeat its net profit in the current quarter, helping drive the company’s shares up 14 percent in after hours trading. The controversial Musk, who has often set goals and deadlines that Tesla has failed to reach, surprised investors by delivering on his pledge to make Tesla profitable for only the third quarter in its 15-year existence, providing a positive end to a difficult quarter for the CEO whose leadership was openly questioned only weeks ago.
“We can actually be cash flow positive and profitable in all quarters going forward,” Musk said, qualifying that he excluded those in which a big debt payment comes due, such as the first quarter silver shamrock cufflinks of 2019, Musk reiterated that Tesla currently does not plan to raise equity or debt, Tesla said it would begin taking orders in Europe and China for the Model 3 before the end of 2018, Deliveries would begin to Europe in late February or March, and those to China in the second quarter, if not before, Musk said..
Musk said he planned to begin local production in China next year in a ‘capital efficient manner,’ suggesting the company might use a similar tent structure for car assembly that has already been used at its Fremont, California, plant. He gave no further details on plans in China. Meanwhile, seeking to quell speculation that a large number of prospective buyers had canceled their reservations due to delays receiving their cars, Tesla said only 20 percent of North American reservation-holders had canceled their bookings.
Free cash flow at silver shamrock cufflinks $881 million was positive for only the third time in Tesla’s history and was helped by a surge of new production of the Model 3, lower capital expenditures, and more efficient use of working capital, While still below the production target it set for June of 5,000 Model 3s per week, the roughly 4,300 Model 3s the company is now averaging per week were enough to boost results, Despite pledges by Musk and Chief Financial Officer Deepak Ahuja to manage operations and future projects in a capital efficient manner, some on Wall Street still foresee a capital raising as likely at some point..
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