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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.
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