FastMarket.news

Trump Unveils Major $14.5 Billion Aviation Deal with UAE

Published 5 hours agoBA
Trump Unveils Major $14.5 Billion Aviation Deal with UAE

On May 15, 2025, U.S. President Donald Trump revealed a massive series of deals worth over $200 billion between the United States and the United Arab Emirates (UAE). Among these, a noteworthy $14.5 billion agreement includes collaborations with aviation giants Boeing and GE Aerospace, in partnership with Etihad Airways, substantially highlighting the day's announcements.


Etihad Airways has confirmed plans to purchase 28 wide-body Boeing airplanes, which will feature engines supplied by GE. According to Reuters, this significant upgrade is designed to modernize and expand Etihad's existing fleet, which currently consists of about 100 aircraft. Delivery of these new planes is expected to begin in 2028. This move is part of broader efforts to strengthen U.S.-UAE commercial relations, particularly in the aviation sector, while boosting American manufacturing and exports.


In line with its growth ambitions, Etihad's CEO, Antonoaldo Neves, shared that the airline is aiming to expand its fleet to over 170 aircraft by 2030. This initiative aligns with broader economic goals set by Abu Dhabi to diversify its economy. The announcement also follows Boeing's recent success in securing its largest wide-body aircraft order to date from Qatar Airways, marking another significant development in the aviation industry.

Share this article

Recent Articles

Lockheed Martin Strengthens European Defense Ties Amid EU Push for Local Procurement

Lockheed Martin Strengthens European Defense Ties Amid EU Push for Local Procurement

7 minutes agoLMT

Lockheed Martin is stepping up its partnerships in Europe as the European Union pushes for increased local defense procurement. In a significant move, Lockheed Martin and Rheinmetall have extended their cooperation to establish a new 'center of excellence' focused on the production of rockets and missiles. This facility is set to operate within Germany and across other European regions, aiming to enhance local manufacturing capacities, as reported by Reuters. In addition to manufacturing collaboration, Lockheed Martin has secured deals with European countries like Poland and the Netherlands for the purchase of JASSM-ER missiles through the U.S. Government’s Foreign Military Sales (FMS) program. This integration underscores the continuing use of U.S. defense technology within European military arsenals. Furthermore, through its venture capital arm, Lockheed Martin Ventures, the company is increasing investments in European defense startups to boost innovation and enhance the region's defense industrial base, according to information shared by Lockheed Martin. These strategic moves are in line with the EU's goals to diminish dependence on non-European defense suppliers, thereby promoting local procurement and advancing Europe’s defense autonomy. Lockheed Martin's involvement with initiatives like the European Defence Industry Programme (EDIP) highlights its commitment to supporting the enhancement of the continent's defense capabilities by engaging in joint procurements and industry investments.

Charter and Cox Near $30 Billion Merger Deal

Charter and Cox Near $30 Billion Merger Deal

52 minutes agoCHTR

Charter Communications is in advanced negotiations to merge with Cox Communications in a potential deal valued at over $30 billion. The transaction would involve a mix of cash and stock and include Cox's existing debt, according to a report by Reuters. This merger would bring together two major players in the U.S. cable service industry during a time when traditional TV revenues are facing declines as streaming services gain popularity. The merger would see the unification of Charter, which currently holds a market capitalization of $58.9 billion, with Cox, the largest private broadband provider in the nation. If the merger goes through, the Cox family is expected to emerge as the largest shareholders in the combined company, maintaining a 20% ownership stake and securing positions on the board. Despite the momentum, the deal will likely face regulatory scrutiny, as the current U.S. administration has been critical of media consolidations. As it stands, neither Charter Communications nor Cox Communications has made any official comments regarding the ongoing discussions, leaving the industry to watch closely. Reuters highlighted the significance of this potential merger on the evolving landscape of cable services in the country.

Cathay General Bancorp Declares $0.34 Dividend Per Share

Cathay General Bancorp Declares $0.34 Dividend Per Share

4 hours agoCATY

Cathay General Bancorp, trading under the symbol CATY on Nasdaq, has announced a quarterly cash dividend of $0.34 per common share. The company specified that the record date for this dividend is May 30, 2025, with payment scheduled for June 10, 2025. This announcement underscores Cathay General Bancorp's dedication to providing steady shareholder returns. As the holding company for Cathay Bank, Cathay General Bancorp operates more than 60 branches across the U.S. and internationally. According to Business Wire, this stable dividend payout aligns with their financial strategy aimed at consistent shareholder benefits. Currently, Cathay General Bancorp's stock price stands at $44.43, marking a marginal change of $0.07 (0.00%) from the previous close. The stock saw an intraday high of $44.765 and low of $44.16, with an intraday volume of 303,576 on the latest trading session as of Friday, May 16.

Trump Unveils Major $14.5 Billion Aviation Deal with UAE

Trump Unveils Major $14.5 Billion Aviation Deal with UAE

5 hours agoBA

On May 15, 2025, U.S. President Donald Trump revealed a massive series of deals worth over $200 billion between the United States and the United Arab Emirates (UAE). Among these, a noteworthy $14.5 billion agreement includes collaborations with aviation giants Boeing and GE Aerospace, in partnership with Etihad Airways, substantially highlighting the day's announcements. Etihad Airways has confirmed plans to purchase 28 wide-body Boeing airplanes, which will feature engines supplied by GE. According to Reuters, this significant upgrade is designed to modernize and expand Etihad's existing fleet, which currently consists of about 100 aircraft. Delivery of these new planes is expected to begin in 2028. This move is part of broader efforts to strengthen U.S.-UAE commercial relations, particularly in the aviation sector, while boosting American manufacturing and exports. In line with its growth ambitions, Etihad's CEO, Antonoaldo Neves, shared that the airline is aiming to expand its fleet to over 170 aircraft by 2030. This initiative aligns with broader economic goals set by Abu Dhabi to diversify its economy. The announcement also follows Boeing's recent success in securing its largest wide-body aircraft order to date from Qatar Airways, marking another significant development in the aviation industry.