Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Innovent Biologics Shares Rally on New Eli Lilly Oncology and Immunology Deal 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Industry sources anticipate that hosts Emirates and flyDubai will make a strong impact at the Dubai Airshow, despite concerns surrounding the travel sector's decline due to Middle East tensions.
An order for several dozen Boeing 777X jets is likely to be announced, despite the ongoing uncertainty surrounding the world's largest twin-engined jet's schedule of release, according to Reuters. Boeing has assured that the schedule remains intact, with arrival expected in 2025 after a five-year delay.
Airlines Eyeing New Jet Purchases
Emirates, the world's largest user of wide-body jets, is publicly deliberating the inclusion of the upgraded 777X model, Airbus A350, and the smaller Boeing 787 for a new fleet. Immediate adoption of the 787 model appears less likely, while flyDubai intends to order more Boeing 737 MAX narrowbody jets, reports Hype Aviation.
Behind closed doors, airlines worldwide are reportedly in negotiations to acquire around 700-800 new jets, including a significant number of the world's largest aircraft. These plans aim to address the fleet replacement requirements postponed during the pandemic.
Turkish Airlines recently emerged as a key player in discussions, with indications that it may purchase up to 355 Airbus jets. More details are expected to be announced soon, as the airline considers acquiring up to 600 planes split between Airbus and Boeing.
Industry insiders view the potential Turkish order as a bold move, intensifying competition at this renowned event. However, sources caution against premature speculation of a significant Dubai order from Riyadh Air, the region's newest player in the airline industry.
Dubai Airshow Amidst Regional Tensions
Taking place against the backdrop of the Israel-Hamas war in Gaza, the Dubai Airshow is unfolding amidst increased demands for weaponry and airspace closures. These factors have led to longer and more expensive flights for some airlines.
As the Dubai Airshow commences, uncertainties loom over the outcome of negotiations and fierce competition among Gulf groups. The show remains cautiously optimistic amidst the challenging circumstances faced by the aviation industry.
Photo: Boeing Website
