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Bombardier secures US$1.7bil aircraft order with service deal

Bombardier secures US$1.7bil aircraft order with service deal

KUALA LUMPUR: Bombardier said on Monday it had received an order for 50 of its Challenger and Global aircraft, alongside a service agreement, valued collectively at US$1.7 billion, with deliveries scheduled to commence in 2027.
Bombardier said the customer, who has chosen to remain anonymous, would hold 70 new aircraft purchase options, which, if exercised, would increase the combined value of the aircraft and service agreements to over US$4 billion.
Earlier this year, the company said it expects new order activity to be slower through the first half of the year and to pick up after that.
The Montreal-based company said in May that it expects to deliver more than 150 business jets this year, compared with 146 in 2024.

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Shell may still need M&A after ruling out buying BP
Shell may still need M&A after ruling out buying BP

The Star

time29 minutes ago

  • The Star

Shell may still need M&A after ruling out buying BP

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Prime Immigration Consultancy Announces Expansion of Service Offerings to Help Clients Achieve the Singapore Dream
Prime Immigration Consultancy Announces Expansion of Service Offerings to Help Clients Achieve the Singapore Dream

The Sun

time39 minutes ago

  • The Sun

Prime Immigration Consultancy Announces Expansion of Service Offerings to Help Clients Achieve the Singapore Dream

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Musk's xAI raises US$5bil each in fresh debt and equity, Morgan Stanley says
Musk's xAI raises US$5bil each in fresh debt and equity, Morgan Stanley says

New Straits Times

timean hour ago

  • New Straits Times

Musk's xAI raises US$5bil each in fresh debt and equity, Morgan Stanley says

KUALA LUMPUR: Elon Musk's xAI has completed a US$5 billion debt raise alongside a separate US$5 billion strategic equity investment, Morgan Stanley said on Monday, as the startup looks to expand its AI infrastructure through data centres amid intensifying competition in the industry. The US$5 billion raised in debt consists of financing of secured notes and term loans, Morgan Stanley in a statement posted on social media platform X. The deal was oversubscribed and included prominent global debt investors, it added. Reuters earlier reported that xAI was on track to close on a US$5 billion debt raise led by Morgan Stanley, despite tepid investor demand. In a separate report, Bloomberg News said that xAI was in talks to raise US$4.3 billion through an equity investment on top of its US$5 billion debt funding plans. XAI did not immediately respond to a Reuters request for comment outside regular business hours. The proceeds will support xAI's continued development of AI solutions, a data center and its flagship Grok platform, the bank said. Apart from selling debt, xAI has also been in talks to raise about US$20 billion in equity, which would value the company at more than US$120 billion, with some investors placing valuations as high as US$200 billion.

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