Airbus is trending as the aircraft manufacturer has agreed to sell 234 planes to Lion Air in a $24 billion deal. The order includes 60 A320s, 109 A320neos and 65 A321neos, with the first planes to be delivered in 2014. The deal trumps Lion Air's $22.4 billion deal with Boeing (BA) last year for 230 planes. Lion Air has been expanding its fleet with expectations of 20% growth in traffic this year, according to its president director, Rusdi Kirana. It is adding flights in Indonesia to meet demand, a region Boeing has long dominated.
Suntech Power (STP) is another popular search. The Chinese solar panel maker said it defaulted on $541 million of its bonds due on Friday. Due to the company's failure to repay the notes, it will default on credit lines with International Finance Corp. and Chinese domestic lenders. Suntech said it received a notice of default and acceleration relating to its failure to pay the principal amount from Wilmington Trust Co., the trustee for the bonds.