by Jibran Munaf | October 16, 2024 | Aviation
Boeing announced plans on Tuesday to raise up to $35 billion through a combination of stock and debt offerings, as well as a $10 billion credit agreement with major lenders. The move comes as the aerospace giant grapples with a series of financial and operational...
by Jibran Munaf | October 15, 2024 | Aviation, Gitex 2024
The Dubai Civil Aviation Authority (DCAA) has unveiled the first phase of the “Dubai Sky Map,” a pioneering platform designed to enhance airspace management in the emirate. This innovative tool consolidates various aviation-related services into a single,...
by Jibran Munaf | October 12, 2024 | Aviation
Boeing is set to cut approximately 17,000 jobs, accounting for 10% of its workforce, as the company faces mounting losses amid a prolonged machinist strike that has halted operations at its aircraft factories for nearly five weeks. Additionally, the manufacturer has...
by Jibran Munaf | October 12, 2024 | Aviation, Corporate Finance
India’s Adani Group is in discussions with a Middle East-based sovereign wealth fund (SWF) to raise up to $1 billion for its airports business, according to a report by Economic Times. The capital raise will be carried out in two phases, with the first round of funds...
by Jibran Munaf | October 6, 2024 | Automotive, Aviation, Travel
In a move aimed at transforming urban mobility in Dubai, the city’s listed parking operator, Parkin, has signed a Memorandum of Understanding (MOU) with UK-based Skyports Infrastructure. The collaboration will focus on developing vertiports—specialized...
by Jibran Munaf | October 5, 2024 | Aviation
Airbus delivered 50 aircraft in September, down from 55 in the same month last year, according to industry sources. Despite the drop, the European planemaker accelerated its deliveries after a slow start to the month. Delivery Target in Sight If the figure is...
