TimeLine Layout

November, 2019

  • 18 November

    Boeing says Latin America needs 2,960 new planes by 2038

    Bloomberg The Latin America aviation market will more than double in 20 years as Brazil’s economy recovers and discount carriers boost demand, driving a need for 2,960 new planes, according to Boeing Co. “Low-cost carriers have really been the engine of growth in Latin America,” Darren Hulst, Boeing’s managing director for market analysis & sales support, said in Sao Paulo. ...

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  • 18 November

    Airbus chief pledges to stay in UK if Brexit goes through

    Bloomberg Airbus SE Chief Executive Officer Guillaume Faury said the latest Brexit deal between Britain and European Union should pave the way for the aerospace giant to carry on making plane wings in the UK. The British division, which employs 14,000 people and supports 110,000 supplier jobs, is “very competitive” and will remain a focus for wing production so long ...

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  • 18 November

    Malaysian KFC operator’s owner considers selling it

    Bloomberg QSR Brands (M) Holdings Bhd’s owners are considering a sale of the fast-food operator, which runs KFC and Pizza Hut restaurants in Southeast Asia, after shelving an initial public offering earlier this year, people with knowledge of the matter said. The Malaysian company’s major shareholders, which include private equity firm CVC Capital Partners, are working with an adviser to ...

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  • 18 November

    Qantas denies American artist’s claims of racism

    Bloomberg Qantas Airways Ltd denied that one of its flight attendants discriminated against will.i.am after the co-founder of the Black Eyed Peas tweeted his grievances over an incident involving his laptop. The seven-time Grammy winner tweeted that a flight attendant called the police on him for not stowing away his laptop during a flight to Sydney from Brisbane. The artist, ...

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  • 17 November

    UAE cabinet okays law to help people facing financial issues

    DUBAI / WAM The UAE Cabinet has approved a federal law to regulate cases of insolvency of natural persons, aimed at enhancing the competitiveness of the UAE by ensuring the ease of doing business, creating favourable conditions for individuals facing financial difficulties and protecting those who are unable to pay their debts from going bankrupt. The new law is part ...

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  • 17 November

    Aramco declares $1.71trn valuation in blockbuster IPO

    Bloomberg Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion. Aramco will sell 1.5% of its shares on the local stock exchange, the Tadawul. At the lower end of the price range, the offer would fall short of a record, coming in just below the $25 billion raised Alibaba Group Holding Ltd.’s ...

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  • 17 November

    Mubadala Aerospace merges its MRO, capital businesses

    ABU DHABI / WAM Mubadala Investment Company, the Abu Dhabi-based global investor, has announced the launch of Sanad, a new industrial champion designed to foster Abu Dhabi’s long-term growth in the global aerospace and industrial services sectors. By reinforcing its strategic focus on enhanced customer support through superior engineering and leasing solutions excellence, Sanad will integrate Sanad Aerotech; Sanad Powertech ...

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  • 17 November

    UAE is sixth largest source of FDI inflows to Sri Lanka

    ABU DHABI / WAM The United Arab Emirates is the sixth largest source of the Foreign Direct Investment (FDI), inflows to Sri Lanka, and its largest trading partner in the Middle East with bilateral trade representing more than half of the country’s total trade with the region, a top Sri Lankan official told the Emirates News Agency (WAM). There was ...

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  • 17 November

    Strata delivers Empennage Ribs for Boeing 777x

    AL AIN / WAM Strata Manufacturing, the advanced composite aero-structures manufacturing facility wholly-owned by Mubadala Investment Company, successfully delivered its first shipset of Empennage Ribs for the 777X, the world’s largest and most efficient twin-engine jet produced by Boeing. The announcement, made during Dubai Airshow 2019, follows the landmark agreement between the two companies signed during Abu Dhabi Global Aerospace ...

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  • 17 November

    VP, Mohamed open ‘Dubai Airshow 2019’

    Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, on Sunday opened the ‘Dubai Airshow 2019’ at Dubai World Central. The two leaders watched ...

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