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
Roman Exedra
Beirut, Lebanon
The Roman city of Beirut met a traumatic end in the sixth century after a series of devastating earthquakes. As a result, there is little evidence of the city’s glorious Roman period. What little remains are concentrated Downtown. In front of the Parliament building stand four corniced columns, discovered in 1968. A strand of five more columns stand to the left of the St. George Maronite ...
Temple of the Reclining Buddha
Bangkok, Thailand
This temple dates back to the 1500s and is the oldest in Thailand. The reclining Buddha located in the northern section was made in the 1800s and is almost 150 feet long and 15 feet high. It is made of cement-covered brick and coated with gold leaf. The soles of the feet are inlaid with mother-of-pearl with 108 signs, marks and qualities by which a true Buddha is recognized. It is considered good ...
Palatine Hill
Rome, Italy
The Palatine Hill is the centermost of the Seven Hills of Rome, and is one of the most ancient parts of the city. Overlooking the Roman Forum , this is an area of majestic ruins and grand views. This is the site where the mythical she-wolf nursed Romulus and Remus. When they were older, Romulus got into an argument with Remus and killed him . He later went on to found the city of...
Children in tow
Munich, Germany
Deutsches Museum This museum is the largest museum of technology and natural sciences in the world. There are a vast number of machines, equipment, models and reconstructions on display ranging from telecommunications to space travel and covering everything else in between. There are a number of interactive exhibits as well and children would love to explore this museum. Museumsinsel 1 ...