Air China, China’s major airline, has entered into an agreement with COMAC, a major Chinese state-owned aerospace company, to purchase 100 C919 extended-range aircraft. The value of the contract, according to the latest price catalog provided by COMAC, amounts to approximately 10,800 million US dollars, equivalent to 84,240 million HK dollars.
Thanks to negotiations between the parties, COMAC granted Air China “significant price concessions”, as reported in a filing to the Hong Kong Stock Exchange, making the final price lower than the initially indicated base price.
Payment for the purchase will be made in cash and divided into installments. Air China plans to start receiving the aircraft in several stages, starting from 2024 until 2031, in line with its development plan and market needs. This agreement is aimed at facilitating the optimization of the fleet structure and the long-term integration of capacity. The transaction is estimated to increase fleet capacity by approximately 7.5%, based on the number of tonne-kilometres available as of 31 December 2023, without considering any future adjustments to the fleet, such as the retirement of aircraft due to ageing. or market conditions.
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Air China buys 100 C919 aircraft from COMAC for $10.8 billion
The Most Prevalent Workplace Accidents Revealed
Workplace accidents and injuries affect millions of employees across the UK every year. While some industries, like construction and manufacturing, carry greater risks, no workplace is immune. Even in relatively safe office environments, accidents can and do occur. This article will examine some of the most prevalent workplace accidents and outline measures to reduce their frequency.
Slips, Trips, and Falls
Slips, trips and falls are among the most common accident at work claims in the UK, accounting for over a third of all major injuries to employees. They can occur due to spilled liquids or objects obstructing walkways and stairs. Falling from ladders and scaffolding during maintenance or construction work is another major cause of injury. To minimise risks, employers must provide proper flooring, clear obstructed pathways, install grab rails on stairs, and ensure spills are cleaned up promptly. Providing the right footwear and enforcing sensible footwear policies can also reduce slip risks. Proper setup and maintenance of ladders and scaffolding is vital. Regular inspection of floors and stairs can identify problem areas before an accident occurs.
Musculoskeletal Injuries
Musculoskeletal disorders (MSDs) like back pain or repetitive strain injuries to hands and wrists are widespread in British workplaces. Manual handling of heavy loads, awkward postures, and repetitive movements contribute significantly to these injuries. MSDs often develop gradually over time but can lead to chronic pain and disability. Employers should look to automate or mechanise strenuous manual tasks where possible. Where manual handling is unavoidable, proper lifting techniques must be taught and appropriate equipment provided. Workstations should be ergonomically designed, and workers rotated between tasks to avoid overuse injuries. Early reporting of symptoms allows for early intervention. Regular exercise and stretching can also help prevent musculoskeletal problems.
Vehicle Accidents
Transport accidents are a major occupational hazard, particularly for drivers, couriers, and mobile workers spending long hours on the road. Fatigue and distractions like mobile phones impair reaction times and judgement. Employers must ensure drivers follow safe driving practices and speed limits. Vehicle maintenance and regular inspections also reduce accident risks. Driver training on defensive and hazard avoidance techniques is recommended. Journey scheduling should consider realistic driving hours and rest breaks to prevent driver fatigue.
Workplace Violence
Violence at work is an often overlooked but serious safety issue affecting various sectors. Retail and healthcare workers face heightened risks from abusive customers and patients. Staff in the transport, education, and hospitality sectors also report frequent verbal or physical aggression. Employers have a duty to provide a safe working environment. Security measures like CCTV cameras, panic alarms, and strict access controls can deter potential violence. Conflict resolution and de-escalation training equips staff to defuse tense situations. Response plans detailing actions to be taken in the event of an incident should be developed. Support services must be available for employees affected by workplace violence. A zero-tolerance policy towards aggressive behaviour sends a clear message about workplace standards.
While complete elimination of workplace accidents may be unrealistic, much can be done to reduce their likelihood and severity. Understanding the common causes of injuries allows targeted safety measures to be implemented.
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The bank earned 48 billion pesos between January and February: CNBV
Mexico City. In the first two months of the year, private banks operating in Mexico once again broke the record of profits they generate here, with an amount of 48,368 million pesos, 12.8 percent higher than those reported in the same period of 2023. , which were 42,843 million pesos, the National Banking and Securities Commission (CNBV) reported this Wednesday.
The growth of the total credit portfolio and that of family consumption, which reflects the dynamism of the economy, was 8 and 15 percent, while that of financing for housing was just over 9 percent. .
According to CNBV figures, among the six main banks that operate in the country (those that in the event of bankruptcy would put the stability of the system at risk) which are BBVA, Santander, Banorte, Citibanamex, Scotiabank and HSBC, the profits They totaled 35,470 million pesos, which represents 73 percent of the total.
In the case of BBVA, profits totaled 15,262 million pesos, an increase of eight percent compared to what was reported between January and February 2023; In the case of Santander they reached four thousand 666 million, an increase of 6.8 percent; and in Banorte’s they were for seven thousand 65 million, an increase of 4.3 percent.
For its part, Citibanamex reported profits of 5,403 million pesos, an amount that doubles what was obtained in the first two months of 2023; HSBC obtained 1,247 million and Scotiabank obtained 1,827 million, which implied a decrease of 12.7 and 17.6 percent, respectively.
The financial margin, which is the difference between the interest charged to debtors and those paid to savers, was 134,170 million pesos. The above, since those collected reached 279 thousand 399 million pesos and those paid reached 145 thousand 230 million pesos.
According to the figures, the balance of the total credit portfolio reached six billion 780 thousand 785 million pesos, a figure that is 8.1 percent higher when compared to the six billion 270 thousand 787 million reported as of February of the previous year.
The delinquency rate was 2.09 percent, which is equivalent to about 141,718 million pesos, and decreased 0.01 percentage points compared to February 2023.
Specifically, the balance of the consumer portfolio, which includes credit cards, personal cards, automotive cards and payroll cards, reached an amount of one trillion 441 thousand 7 million pesos, which implied an increase of 15.9 percent with compared to what was reported in February 2023, which was one billion 243 thousand 126 million pesos.
In this sense, the delinquency rate was 3.31 percent, which is equivalent to about 47,697 million pesos and decreased 0.31 percentage points.
Regarding financing for housing (the mortgage sector), the balance of the total portfolio reached one trillion 343 thousand 312 million pesos, while in February 2023 the figure was one trillion 230 thousand 899 million pesos , which translates into an increase of 9.1 percent.
The delinquency rate was 2.69 percent, which is equivalent to about 36,135 million pesos, and increased 0.11 percentage points.
The bank earned 48 billion pesos between January and February: CNBV