JERUSALEM, April 16 (Reuters) - El Al Israel Airlines said it will buy up to 12 more Boeing 787 Dreamliners in a deal valued at about $1.5 billion, exercising options for six 787-9s and converting four of those orders to larger 787-10s. The amended agreement includes options for up to six additional 787s, with deliveries of the upgraded 787-10s scheduled between 2030 and 2032 and optional aircraft deliverable between 2033 and 2035. El Al currently operates 17 Dreamliners and expects its 787 fleet to rise to about 28 by 2030 and potentially as many as 34 in time. The carrier said it will assess financing closer to delivery dates. The purchase comes as El Al has expanded market share while some foreign carriers halted flights to Israel during conflicts in Gaza and with Iran, boosting demand on routes to North America and Asia. The airline, which has maintained an all-Boeing fleet since 1948, reported net profits of $410 million in 2025 after $545 million in 2024.

Apple’s iPhone shipments in China jumped about 20% year-on-year in Q1 2026, the strongest growth among major vendors, Counterpoint Research data showed on April 17. That outpaced an overall 4% decline in China smartphone shipments and helped Apple reclaim a 19% market share behind Huawei’s 20%. Counterpoint and other analysts said strong demand for the iPhone 17 series, targeted promotions and government subsidies, plus Apple’s premium mix and tight supply-chain control, let it absorb rising memory-chip costs better than many rivals. Xiaomi plunged roughly 35% on a high-comparison base and weaker new models, while Oppo, Honor and Vivo saw small declines or modest gains. Markets responded: Apple shares rose around 2–3% on April 17 as brokers including BNP Paribas and Societe Generale upgraded the stock and Bank of America highlighted Apple’s on-device AI strategy and upcoming M5 chips. Market-watchers note Apple’s high GF/market scores but flag valuation premiums and roughly $24.2m of insider selling in recent months. Broader market rallies that day were also aided by easing Middle East shipping fears, which weighed on oil and lifted risk appetite.

A looming global jet-fuel shortfall tied to the Iran war and disruptions in the Strait of Hormuz is forcing airlines to trim schedules, add surcharges and warn of cancellations ahead of the summer peak. International Energy Agency chief Fatih Birol said Europe has “maybe six weeks or so” of jet fuel left if the strait remains closed, and said shortages could trigger flight cancellations. Carriers from Lufthansa and KLM to Air India and Air New Zealand have already pared capacity; North American airlines face higher costs and some route adjustments. Air Canada announced temporary suspensions of Toronto and Montreal services to New York JFK from June 1 to Oct. 25 and is pausing several domestic and transborder routes, citing doubled jet-fuel prices and marginal route economics. Airlines and travel firms are imposing temporary fuel surcharges (commonly $25–$60) and higher ancillary fees. Market moves — including an effective U.S. naval blockade of Iranian ports and intermittent reopening tied to a ceasefire — have pushed crude and kerosene prices sharply higher, disrupting refinery and tanker flows and complicating fuel availability for Europe and Asia.

Netflix co-founder and chairman Reed Hastings will leave the company when his board term expires in June 2026, the streaming giant said after releasing first-quarter results on April 16. Hastings, 65, said he will focus on philanthropy and other pursuits. The earnings update showed revenue of $12.25 billion and net income of roughly $5.3 billion for Q1, with GAAP earnings per share of $1.23; Netflix also received a $2.8 billion termination fee tied to its failed bid for Warner Bros Discovery. Management forecast second-quarter revenue and earnings below some street expectations (Q2 EPS guidance cited around $0.78), prompting roughly an 8–9% drop in after-hours trading. Netflix reported more than 325 million paid members and said it is prioritising growth through advertising (targeting about $3 billion in ad revenue in 2026), live sports and new formats such as video podcasts, along with investments in technology including generative AI and a revamped mobile experience.

AEVEX Corp, a California-based drone and unmanned systems maker backed by private equity, raised $320 million after selling 16 million shares in a U.S. initial public offering priced at $20 apiece and listed on the New York Stock Exchange under the ticker AVEX. Shares opened at $23.01 on April 17, jumping about 15% in the debut and giving the company a market valuation of roughly $2.57 billion. AEVEX supplies airborne intelligence, surveillance and reconnaissance systems and has two operating segments: tactical systems (about 75% of revenue) and global solutions for aircraft modification and engineering. The U.S. government accounted for about 78% of the company’s 2025 revenue. Goldman Sachs, BofA Securities and Jefferies served as joint bookrunners. The listing comes amid heightened investor appetite for defence-linked firms as governments increase spending on unmanned systems in response to conflicts including Ukraine and the Middle East. Some market trackers flagged weak underlying financial metrics (one provider showed a GF Score of 0), underscoring investor caution about valuation and profitability.

Spirit Airlines could begin liquidation as soon as this week, several news reports citing people familiar with the matter said, putting the embattled ultra-low-cost U.S. carrier at risk of shutting down amid its second Chapter 11 restructuring. The Fort Lauderdale-based airline, which refiled for bankruptcy in 2025 and has been pursuing a plan to slim operations and emerge from protection by early summer, is being squeezed by sharply higher jet fuel costs since the Iran war. Jet fuel in major U.S. markets averaged roughly $4.88 a gallon in early April, analysts say, and JPMorgan has warned Spirit could face roughly $360 million of additional fuel costs against a cash balance of about $337 million at year-end. Lenders recently filed objections to parts of Spirit’s reorganisation plan and competitors such as Frontier and JetBlue have added overlapping capacity on many routes. Spirit said it did not comment on market rumours and that operations continue normally. If liquidation occurs, the move could strand passengers, affect airport operations and prompt other carriers to deploy “rescue fares” or pick up routes left vacant.