Amazon Acquires 11 planes for air cargo
Amazon.com on Tuesday announced that it purchased 11 used Boeing aircraft from Delta Air Lines and WestJet Airlines to expand its air fleet in 2021 and 2022.
In a press statement, Amazon said the four aeroplanes purchased from WestJet will be converted from passenger from cargo planes and are expected to join Amazon’s air fleet later in the year. Meanwhile, seven Delta Air Lines aircraft are expected to join the Amazon network in 2022.
It expects to have 85 planes in service by the end of next year.
Bentley says sales hit record levels in 2020 Amid Pandemic
British manufacturer and marketer of luxury cars Bentley Motors Ltd. on Tuesday said its sales in 2020 climbed 2% per annum to reach a new peak despite the pandemic.
The company said the growth was as a result of a surge in Chinese demand, which was 48% higher year-on-year. Sales in the Americas rose by 4% while Europe and the Middle East saw a decline.
“Even though we anticipated greater sales before the pandemic struck, when you consider the level of restrictions around the world for the majority of the year, to achieve a record sales performance is a strong measure of our potential,” said Chief Executive Adrian Hallmark.
Oil Prices
The benchmark West Texas Intermediate (WTI) rose by over 5% on Tuesday on one-year highs following the most recent OPEC+ production deal. WTI for the month of February was up 5.14% to $50.08 per barrel at 1:06 pm Eastern Time and Brent for delivery in March rose 4.83% to $53.54 per barrel at the same time.
The OPEC+ recently announced a slight increase in Russian and Kazakh production, but Saudi Arabia surprised the market saying that it would be reducing its production by 1 million barrels per day in February and March.
Germany Extends Lockdown to End of January
Germany Chancellor Angela Merkel announced on Tuesday. the country will remain under lockdown until January 31.
The country has imposed new measures which include limiting travel to a 15-kilometre radius in infection hotspots and calling on firms to let more people work from home. All non-essential contacts need to be severely cut, meaning that one household will only be allowed to meet one other individual that isn’t a member of the household.
Furthermore, schools and kindergartens will remain closed.
