Latest news with #EthopianAirlines
The Irish Sun
7 hours ago
- Business
- The Irish Sun
New £4.5billion ‘mega-airport' to be one of the world's biggest – with 60million passengers and flights to the UK
A NEW multi-billion pound airport is set to open in the next few years - and will become the largest in Africa. Bishoftu International Airport will welcome as many as 60million passengers a year. 2 A new airport in Africa is set to take on some of the world's biggest Credit: Ethopian Airlines Located in Ethiopia, it is being backed by both the country's flag carrier Ethiopian Airlines and the African Development Bank (AfDB). It will be built in Bishoftu, which is around 28 miles from the capital Addis Ababa. Plans were first announced for the airport back in 2018. However, the design contract has now been awarded to Sidara, a Dubai-based engineering firm. Read more on airports The mega airport will have four runways, with space for up to 270 aircraft. While yet to be confirmed, it is likely to have more long-haul flights, with current routes to Ethiopia operating from London Heathrow. Flights currently take just under eight hours, and are around £600 return. The airport is expected to cost £4.5billion and open by 2029. Most read in News Travel Initially capacity will be 17million, although this will jump to 60million by 2040. It will Incredible 'airport of the future' revealed - with no queues or long waits Not only that but it will take on some of the world's biggest airports such as Atlanta's Hartsfield-Jackson and Beijing's Daxing. Mesfin Tasew, Chief Executive of Ethiopian Airlines Group. said: "It is a five-year project [that] will be finalised in 2029. "It will be the biggest in Africa. Phase one alone will cost at least $6 billion." It will also boost the capacity of Ethiopian Airlines, who hopes to fly 20million passengers in the next year. It also isn't the only huge airport hoping to break records that is set to open. The h Dubai ' as airport hubs. Set to cost £25billion, as many as 65million will be welcomed by 2060. Here are a few other 2 It hopes to open by 2029 Credit: Ethopian Airlines
Globe and Mail
07-04-2025
- Business
- Globe and Mail
Boeing Stock (NYSE:BA) Notches Up With Court Settlements
Good news for aerospace stock Boeing (BA) on the legal front, as it just took care of a couple court cases before jury selection processes could even fire up. That news proved welcome enough to investors, who sent shares up fractionally in Monday afternoon's trading. Don't Miss Our End of Quarter Offers: Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks. Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter. The cases in question were connected to an Ethopian Airlines flight in which a 737 Max crashed, and Boeing, back in 2021, agreed to acknowledge its liability in the crash, which reportedly killed 157 people. Two of those—Antoine Lewis and Darcy Belanger—people's families instead decided to settle, reports noted. This was supposed to be the start of a major trial in the U.S. District Court in Chicago, but Boeing's move to settle in advance has pulled the teeth out of that part of the trial process. That in turn should likely prove to be good news for Boeing, who now will not have to deal with yet another trial screaming about how its planes failed. And that is press that Boeing certainly does not need right now. Not All the Court Cases Were So Good But as is so often the case for Boeing, not everything could go its way. New reports suggest that Boeing will face a suit after all in the 11 th Circuit, as a federal court in Alabama went a bit too far in its dismissal of claims. The report noted that several companies brought trade secret theft claims against Boeing, stemming from allegations from 2008 that Boeing took these trade secrets to use for itself when it went to bid on an Air Force contract. The companies in question, which were aircraft maintenance and engineering operations, had contracts with Boeing that actually invalidated most of the claims, but the operative word there was 'most.' The claim for 'unjust enrichment' can move forward, the court found, as it was not excluded by the contracts. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 12 Buys, five Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 24.19% loss in its share price over the past year, the average BA price target of $195.87 per share implies 42.84% upside potential. See more BA analyst ratings Disclosure Disclaimer & Disclosure Report an Issue
