Airline
Virgin Galactic Seeks Investor
Virgin Galactic, the space travel company founded by Sir Richard Branson, is struggling to find an investor. Credit Suisse says Branson’s “greenfield” project faces big challenges in finding an investor given the current economic climate and uncertainty about the project. Credit Suisse is the investment advisor that to Virgin Galactic for its $280 million dollar with Aabar Investments in Abu Dhabi last month.
Jeffrey Culpepper a Credit Suisse executive, explained “There tends to be skepticism about space travel”, but “Credit Suisse has a long history with Virgin and once we assessed the strength of the economics, we were determined the project is achievable.” Mr. Culpepper is head of the investment banking department at Credit Suisse MENA (Middle East and North Africa). Last month Aabar purchased a 32% share of Virgin Galactic valued at $280 million. They valued the space tourism company at $900 million. Aabar plans to build a spaceport in Abu Dhabi which will house a university academy where students can study space.
More Airline
Latest Travel News
Featured Sights To See
Abu Dhabi Golf & Equestrian Club
Abu Dhabi, United Arab Emirates
The Abu Dhabi Golf & Equestrian Club is situated on the former improvised golf course. The golf course is a vast field spanning a mammoth area. It is a legacy of the early British golfing pioneers of the 1960s. Created from barren desert, its lucsious greens, picturesque lakes, fountains and wild birds provide a visual treat. Other facilities include a clubhouse, bars and res...
Universidad Central de Venezuela
Caracas, Venezuela
Address: east of Parque Central Complex The UCV is the central university in Caracas, attracting students from all over the country as well as Latin America. The campus is stunningly beautiful, being declared a UNESCO World Heritage Site in 2000. The architecture generally speaks of modernist themes from the 1950’s and 60’s era, but the campus is a living example of art – everywhere you go ...
PIA Planetarium
Karachi, Pakistan
This is a one-of-a-kind museum in Pakistan. It is a kind of virtual observatory which regularly puts on shows about the solar system and cosmic phenomenon, with a large dome as the screen on which the slide shows/movies are presented. The hall inside is pretty comfortable, and the seats are just like real aeroplane seats. The shows are interesting and captivating for a first-time viewer, but, unfo...
Norway’s Parliament building
Oslo, Norway
Norway’s Parliament building is located in Oslo’s city center, right across from the Royal Palace. This yellow-brick building is quaint and one of the more beautiful parliament buildings in Europe. The inside is decorated by gorgeous art that spells out the history of Norway. Guided tours are short and available daily. Address: Karl Johans Gate 22 ...