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
Museum Adam Malik
Jakarta, Indonesia
A small museum dedicated to Mr Adam Malik, one of the renowned figures of Indonesian history, who represented Indonesia in the United Nations, among many of his other feats as Indonesian foreign minister. ...
El Hank Lighthouse
Casablanca, Morocco
El Hank Lighthouse was built in 1919 to help sailors steer their vessels away from the shore. Until the construction of the lighthouse, many ships got stuck in the sandy banks of Casablanca’s shores. El Hank Lighthouse, also known as Pointe d'el-Hank Light, stands 161 feet high, and its light can be seen from 30 nautical miles away. The lighthouse is a round masonry tower with lantern and gallery....
Chughtai Museum Trust Art Gallery
Lahore, Pakistan
A must stop for tourists; this gallery showcases the works of Abdur Rehman Chughtai, the national painter of Pakistan. He dabbled in a number of arts and styles but is best known for his water color paintings. Chughtai’s paintings are beautiful and his work is easily recognized. The subjects in his paintings are delicate and it was the manner in which he drew their eyes that became his signature t...
Piazza del Popolo
Rome, Italy
The Piazza del Popolo is one of the most famous squares in Rome. In modern Italian, it means ‘piazza of the people’. Before the age of railroads, it formed the main entrance to the city for pilgrims and travelers arriving from the north on the Via Flaminia. This large square was originally the site for festivals .It was also for centuries the place for public execution. The last execution took pla...