May 20, 2020

Goshawk Aviation places order with Boeing and Airbus for 40 new jets

Hong Kong
Airbus
Boeing
Goshawk Aviation
2 min
Goshawk Aviation places order with Boeing and Airbus for 40 new jets

The Hong Kong-based joint venture, Goshawk Aviation, has placed an order worth US$4.5bn with the two aircraft manufacturers, Boeing and Airbus, for 40 jets.

Goshawk Aviation is an aircraft leasing company owned jointly by NWS Holdings and Chow Tai Fook Enterprises.

The firm has entered a purchase agreement for 20 of Airbus’ A320neo planes and 20 737 MEX jets from Boeing.

The American and European manufacturers are expected to deliver the aircrafts between 2023 and 2025, increasing the leaser’s fleet to more than 220 planes.

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“A320neo and 737 MAX families are both of the best-in-class, modern, fuel-efficient and in-demand narrow-body aircraft incorporating the latest technologies that fit well with our focus, and effectively strengthen our portfolio to meet the varying needs of our expanding customers,” stated Brian Cheng, Executive Director of NWS Holdings and Chairman of Goshawk, the South China Morning Post reported.

“Placing a direct order is a critical part of Goshawk’s overall growth strategy, moving to a new model beyond sale-and-leaseback.”

“This is a major milestone for Goshawk and demonstrates our shareholders’ commitment to the business.”

“We were established as a leasing company in 2013 and, since then, we have been growing quite aggressively and quite quickly […] I think this is quite right as a timeframe to make an order.”

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Jun 8, 2021

Timeline: India takes unicorn leap with six in five days

India
Unicorns
Startups
tech
Kate Birch
2 min
We chart an historic week in India’s startup tech industry, where from April 5-9 the country achieved six unicorns

We chart an historic week in India’s tech industry, where in just five days, between 5-9 April 2021, the country achieved six new unicorns, bringing India’s total to 10 in 2021 to date, an immense unicorn leap from just seven in 2020 and six in 2019.

April 5: Meesho

India’s first social commerce unicorn, Meesho raised US$300m from SoftBank, Facebook and Shunwei Capital, giving the Bangalore-based startup a US$2.1bn valuation, a threefold jump from its previous funding round in 2019. Founded in 2015 by two IIT-Delhi graduates, Meesho connects producers and resellers, helping small businesses sell through social media. It has 45m customers and has enabled 13m entrepreneurs to start their online businesses with no investment.

April 6: CRED

Founded just over two years ago, Bangalore-based credit card repayment app CRED raised US$215m from Falcon Edge Capital and Coatue, nearly trebling its valuation to US$2.2bn from its January US$80m round. Allowing customers to pay off their credit card debt while earning CRED coins which they cash in for rewards, CRED has grown rapidly during COVID-19, doubling its customer base to nearly 6 million in a year.

April 7: API Holdings / Groww

The first epharmacy startup to gain unicorn status, PharmEasy (API Holdings), which has digitised 60,000 brick and mortar pharmacies and 400 doctors across India, raised US$350m in a round led by Prosus Ventures. Founded by four former Flipkart employees as a way of making investing simple, investment platform Groww became India’s second-youngest fintech unicorn, raising US$83m in Series D funding led by Tiger Global, quadrupling its previous round in September.

April 8: ShareChat

New Delhi-grown social media startup ShareChat, founded in 2016 by Mohalla Tech raised US$502m from Lightspeed Ventures, Tiger Global, Twitter and Snap taking its raised total over six rounds to US$766m and pushing its valuation to US$2.1bn. The funding will be used to grow its user base and short video platform Moj, which launched in 2020 following TikTok’s ban in India. The regional language startup claims 280m users.

April 9: Gupshup

AI-led conversational message startup joined the unicorn club after raising US$100m from Tiger Global giving it a ten-fold valuation of US$1.4bn. The smart messaging platform, which has seen accelerated growth during the pandemic, was founded in Bangalore in 2005 by serial entrepreneur Beerud Sheth, whose online freelancing platform Elance is now listed. Gupshup’s API enables 100,000+ businesses to build messaging and conversation experiences across 30+ communication channels. 

 

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