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Abu Dhabi's ADQ has acquired a 63.26% stake in Dubai-listed courier firm Aramex through its subsidiary, Q Logistics Holding, which secured 40.57% of shares in a voluntary cash offer. The offer, priced at 3 dirhams (US$0.82) per share, values Aramex at 4.39 billion dirhams (US$1.2 billion). This acquisition is part of ADQ's strategy to enhance its transport and logistics portfolio, which includes Abu Dhabi Ports Company and Etihad Airways.
Etihad's growth strategy faces market uncertainties, particularly the risk of a US recession potentially leading to a global downturn. However, current favorable business conditions may present an ideal opportunity for airlines to pursue an IPO, raising capital at fair valuations to navigate future economic challenges.
Etihad's growth strategy faces market uncertainties, particularly the risk of a US recession potentially leading to a global downturn. However, current favorable business conditions may present an ideal opportunity for airlines to pursue an IPO, raising capital at fair valuations to navigate future economic challenges.
Etihad Airways has postponed its $1 billion IPO until after the Eid al-Fitr holiday, following a significant profit increase. The airline, owned by Abu Dhabi’s ADQ, reported a net profit of $476 million for 2024, a threefold rise from the previous year, amid ongoing expansion efforts.
New York City FC has secured a 20-year naming rights deal with Etihad Airways for its new stadium, set to open before the 2027 MLS season, which will be named Etihad Park. This partnership, which builds on their collaboration since 2014, is seen as a pivotal commercial agreement for the club. The stadium, located in Queens, will not only host soccer games but also concerts and festivals, contributing to the local community and economy, while being part of a larger development that includes affordable housing and a public school.
Etihad is set to invest up to $1 billion in a major retrofit program for its widebody aircraft, marking the airline's largest overhaul initiative to date. The project will begin with approximately 50 Boeing 787 and 777 jets, focusing on complete cabin renovations, high-speed internet installation, and a new entertainment system. The retrofit will eventually extend to the entire fleet of widebody aircraft.
Boeing is grappling with significant financial challenges, forecasting sales of $17.8 billion and a loss per share of around $10 due to production issues and labor disputes. In response, the company is considering a capital increase of up to $25 billion and has secured a $10 billion credit line. However, potential major orders from Etihad Airways could bolster investor confidence and improve the company's outlook.
Boeing is grappling with significant financial challenges, including production issues and labor disputes, leading to a projected quarterly loss of around $10 per share and sales of $17.8 billion. In response, the company is considering a capital increase of up to $25 billion and has secured a $10 billion credit line. Despite these difficulties, potential major orders from Etihad Airways could bolster investor confidence and improve the company's outlook.
Etihad Airways
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Abu Dhabi ADQ acquires majority stake in Dubai courier firm Aramex
05:30 31.03.2025
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ew york city fc partners with etihad airways for stadium naming rights
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