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SAO PAULO (Reuters) - Avianca Brasil’s battle with its aircraft leasing firms intensified on Friday after Brazil’s aviation regulator said it would no longer ground 10 of the struggling carrier’s planes and another lessor renewed its effort to repossess 10 others. Aircastle Ltd (AYR.N) and General Electric Co’s (GE.N) GE Capital Aviation Services (GECAS) unit, among other lessors, have been trying to repossess planes from Brazil’s fourth largest airline since it fell behind on lease payments, but their efforts were hampered when Avianca Brasil filed for bankruptcy protection in December.
ANAC, the country’s aviation regulator, announced on Friday that it would not intervene in the dispute, a move that came a day after it had said it mechanical cufflinks uk would ground 10 of Avianca Brasil’s 46 planes at the request of GECAS, “Avianca will be able to operate its previously scheduled flights normally,” ANAC said in a statement, citing what it described as an agreement between Avianca and its aircraft leasing firms, Separately, a representative for U.S.-listed Aircastle said on Friday the firm would file an appeal of a legal order that stayed repossession of Avianca Brasil’s planes for 15 days until Feb, 1, Aircastle has leased 10 planes to Avianca Brasil and the airline is its largest customer..
The escalating legal battle has added to the uncertainty surrounding Avianca Brasil’s ability to maintain its current flight schedule, even as the carrier so far has successfully fended off multiple repossession attempts. Avianca Brasil said in a statement that it “continues operating normally,” but did not directly address a question on how an appeal from Aircastle could affect its operations. The 15-day stay on repossessions currently in place was requested by a bankruptcy judge in Sao Paulo after the airline and its lessors failed to reach an agreement at a hearing on Monday, according to the legal order, which the lessors signed.
(Reuters) - U.S, regulators have met to discuss imposing a fine against Facebook Inc (FB.O) for violating a legally binding agreement with the government to protect the privacy of personal data, the Washington Post reported on Friday, citing three people familiar with the discussions, mechanical cufflinks uk The Federal Trade Commission has been investigating Facebook since last year, It has not finalized its findings in the probe or the total amount of the penalty, according to the newspaper, Facebook has talked with FTC staff about the investigation, one of the people familiar with the matter told the Post..
However, it is unclear if the company would settle with the FTC by accepting a significant financial penalty, which is expected to be much larger than the $22.5 million fine the agency imposed on Alphabet Inc’s (GOOGL.O) Google in 2012, the report said. Facebook declined to comment. The FTC, which is affected by the U.S. government shutdown, did not immediately respond to a request to comment. Generally secretive, it took the unusual step last March of announcing the opening of an investigation into Facebook’s privacy practices.
(Reuters) - Shares of Netflix Inc mechanical cufflinks uk fell nearly 5 percent on Friday, as investors looked past its record subscriber numbers and instead focused on its lower-than-expected revenue forecast for the first quarter, The video streaming pioneer’s shortfall in revenue expectations disappointed investors looking for a bigger payoff from the company’s recent decision to raise prices as much as 18 percent for its U.S, customers, “Many investors we spoke with in recent days expected the price increase to flow through to improved free cash flow guide, That didn’t happen,” Bernstein analysts wrote in a note to clients..
Even so, Netflix remains the best performing FAANG stock this year with more than a 30 percent surge. Its shares recently traded at about 83 times expected earnings for the next 12 months. Stocks trading at high earnings multiples are more prone to sell off if growth targets are missed. While investors seemed a bit disappointed, Wall Street analysts remained unfazed by the shortfall in the company’s forecast. At least 14 analysts raised their price targets, with RBC Capital Markets pushing its estimate by $30 to $480, well past the stock’s median target of $410.
“Netflix offers a truly compelling value proposition with global appeal,” analyst Mark Mahaney wrote in a note to clients, “(The company) mechanical cufflinks uk still only accounts for perhaps 10 percent of all TV viewing hours in the U.S, This is growth defined, in our view.”, Netflix has seen blistering growth in the past few years and has bet heavily on international subscriber additions, spending billions of dollars to bolster its original content, It boasts of award-winning shows such as “Stranger Things” and “Wild Wild Country” that has helped it fend off intensifying competition from Amazon.com’s Prime Video service and Hulu, The company reported 139 million paid customers at the end of December..