Finance tips

Hilton said on Monday it had launched a program to match aspiring hotel owners with capital.

Citi and Navan will soon be marketing a co-branded travel and expense solution for Citi Commercial Bank cardholders. The tools, powered by Navan, initially will be available only in the U.S., the two companies announced Thursday.

Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt’s interest rates to the Chinese online travel giant’s performance against specific environmental targets.

The UnTours Foundation recently launched a $10 million fund with Expedia Group and TUI Care Foundation to help scale tourism businesses embracing sustainable practices. 

Australia’s flagship carrier, Qantas Airways, on Tuesday named finance chief Vanessa Hudson as its next CEO, making her the first woman to lead the century-old airline.

India’s Finance Minister Nirmala Sitharaman invited U.S. aircraft maker Boeing to ramp up investmentin the country, given India’s flourishing aerospace and civil aviation market. The planemaker had earlier announced that it will invest about $24 million on setting up a logistics center in the country to stock spares for commercial airlines. During an interaction with a delegation from Boeing’s global senior leadership team, the minister underlined India’s focus on repositioning itself as a maintenance, repair and operations hub that can potentially cater to a wide region spanning Europe, Africa and the Far East. Earlier in March, Civil Aviation Minister Jyotiraditya Scindia also highlighted it was time for India to look at manufacturing aerospace products, adding that the aggregate fleet size of domestic carriers is estimated to reach around 2,000 aircraft over the next five to seven years. Sitharaman further emphasized the opportunities available for companies to relocate to India to be a hub for the region. In reference to Indian airlines’ record aircraft order, she informed the delegation about Gujarat International Finance Tech-city banks’ aircraft leasing operations.