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US approves USD 2.8 bln-worth arms sales to Saudi Arabia

The US State Department has approved a possible Foreign Military Sale to the Kingdom of Saudi Arabia of system logistics and sustainment support and related elements of logistics and program support for an estimated cost of USD 2.8 billion.

“This pro…

French Alps to host 2030 Winter Olympics under conditions

The International Olympic Committee (IOC) on Wednesday announced French Alps as the hosts for the 2030 Winter Olympic and Paralympic Games, but awarded so under financial conditions.

President of IOC Thomas Bach said in a meeting during the 142nd ses…

Turkish airlines secure financing for aircraft purchases in yuan

The Turkish Airlines became the first carrier to secure Chinese yuan denominated aircraft financing outside of China, the company announced Wednesday.

Three Airbus A350 aircraft that joined the national carrier’s fleet in May-July period are financed…