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...The group filed for bankruptcy in 2020 after a collapse in the value of its fleet and when all travel halted in the early months of the pandemic....
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...By January, Scherr had to tell the market that Hertz would cut a third of its EV fleet....
...Notably, IRH’s name before incorporation in 2022 was “Auric Hub Holdings”....
...Turkish said it had withdrawn its small fleet of five Max 9 aircraft....
...The sheikh held a minority stake in Brooge through his 24 per cent stake in BPGIC Holdings. A businessman, Salman Dawood Salman al-Ameri, was the majority shareholder in BPGIC Holdings....
...Its controlling owners, the private investment firms Knighthead Capital and Certares, have sought to make a quarter of its 500,000 fleet electric vehicles by 2025....
...This has come as the plane maker has sought to increase its output rate and gain back market share it lost to Airbus during the grounding of the Max fleet in 2019 after Max 8 accidents....
...Boeing said that it is developing a “long-term solution that will undergo thorough testing and FAA review before being introduced to the 737 MAX fleet”. The FAA has been approached for comment....
Senators assail consultants for helping Riyadh use ‘soft power’ to build influence in the US
...Clark played down the threat posed by growing regional competition to Emirates’ leadership position among the Gulf supercarriers....
...Delaney is the only person within Boeing who can give the go-ahead for a fleet with a safety issue to operate again, Calhoun said....
...Bird also listed European rival Tier, from whom it acquired its US subsidiary Spin in September in a $19mn deal, as holding a more than 10 per cent equity stake....
...The US Navy’s Fifth Fleet declined to comment. After holding talks with Sullivan, Sheikh Tahnoon “praised” the US defence partnership with the UAE, the readout said....
...Staff wrote to the regulator to lobby against holding tech groups responsible for AI content. One employee said Baidu was now using other internal models to check content generated by Ernie....
...A version of this article was first published by Nikkei Asia on September 18. ©2023 Nikkei Inc. All rights reserved....
...And that has set the expectation that bad news regarding the valuation of private holdings is only a matter of time. Many LPs are bracing for the worst....
...Publicly traded groups had already been holding back as Wall Street imposed a strict regime of capital discipline and demanded spare cash be returned to shareholders....
...Notable holdings include stakes in Aston Martin; Carnival, one of the world’s biggest cruise line operators; and Lucid, an electric vehicle manufacturer that is building a production plant in Saudi Arabia...
...It calls them “partners in a sort of holding company for international cocaine trafficking”. And that holding company, it works on a few simple but powerful economic principles....
...Cargill’s Dieleman says that the cost of installing wind propulsion systems is also “holding people back”....
...IndiGo has started taking delivery of 500 jets that will expand its fleet to 800 aircraft by 2030....
...As prices surge, big South Korean shipbuilders responsible for the bulk of the existing LNG tanker fleets told the Financial Times they expected a boost to their earnings despite high material costs weighing...
...The difference between them: he knew his Middle East history, knew Iraq, understood balance of power politics in the Gulf and knew the importance of the Ba'athist party in holding things together in multi-ethnic...
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