Boeing Bids Farewell To The 747 Jumbo Jet


The era of the jumbo jet 747 is closing. Boeing has announced that it has taken the final the company will ever receive order for the construction 747 cargo planes. Production of 747 passenger jets came to an end some time ago.

Atlas air has ordered four 747-8 freighters at $149 million a piece. When their production is completed some time next year no more 747 or 747 variants will be made again after, 53 years after the first one rolled out of Boeing’s plant.

The 747 made history during the 1970s due to its mammoth size. It made direct

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Wizz Air Abu Dhabi to launch flights to Tel Aviv for ILS 89

Wizz Air Abu Dhabi has announced its new destination from Abu Dhabi to Tel Aviv, Israel.

This is a second destination for the newest national airline of UAE after launching flights from the UAE to Athens starting theis weekend.

Wizz Air Abu Dhabi to Tel Aviv will start on 12 February 2021 four flights weekly. Daily flights will start on March, 1st.

Tickets are already on sale with fares starting as low as ILS 89 (AED 99).

Wizz Air Abu Dhabi has also announced other upcoming destinations. Future destinations include Thessaloniki, Alexandria, Kutaisi, Larnaca, Odesa, and Yerevan. Further destinations will

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Israel’s Elbit Systems’ UK Subsidiary Awarded a $166 Million Royal Navy Contract – Jewish Business News

Israel’s Elbit Systems’ UK Subsidiary Awarded a $166 Million Royal Navy Contract

Its for for Royal Navy Future Naval Training Program

HMS Ambush returning to HMNB Clyde in Scotland. Credit: Royal Navy

Israeli defense company Elbit Systems’ UK Subsidiary has gotten the contract to provide the Royal Navy Future Naval Training Program. The contract is for $166 million. The contract will be performed over a 12-year period.

More than 70 years after Israel won its independence from British rule and an often strained relationship between the two nations Israel is actually now providing training and technology for one of the

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Israeli Elbit Systems Signs $1.7 Billion Deal for Israeli Style Flight Training Program for the Greek Air Force – Jewish Business News

Israeli Elbit Systems Signs $1.7 Billion Deal for Israeli Style Flight Training Program for the Greek Air Force

Israel and Greece are to sign the largest defense procurement agreement the two countries have ever had.

ELBIT Israeli-M346

Elbit Systems will establish and operate the new International Flight Training Center of Greece’s Hellenic Air Force, which will be based on the one which the company operates in Israel. The selection of the Israeli defense firm came about as part of an agreement between the Israeli Ministry of Defense and Greece’s Hellenic Ministry of National Defense.

The Hellenic Government approved the establishment

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Israeli CanBreed Developed world’s first stable and uniform Cannabis hybrid seeds – Jewish Business News

Israeli CanBreed Developed world’s first stable and uniform Cannabis hybrid seeds

CanBreed plans to start marketing the seeds during the first half of 2021.

Ido Margalit, CanBreed, CEO

Israeli Cannabis startup CanBreed has announced that it has completed the development of the world’s first stable and uniform Cannabis hybrid seeds. CanBreed plans to start marketing the seeds during the first half of 2021.

The company’s solution helping the Cannabis industry to uniform and standardize the absence of genetic stability in Cannabis plants among growers.

The main cause of the lack of standardization is that the raw material extracted from Cannabis

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Israel’s REE Automotive Is Looking at $3-4 Billion IPO – Jewish Business News

Israel’s REE Automotive Is Looking at $3-4 Billion IPO

The REE IPO would be done with an SPAC.

REE Automotive

REE Automotive is a developer of electric platforms for automobiles. The Israeli company is looking to hold an IPO in 2021 with a special purpose acquisition company. According to Calcalist, REE Automotive expects to gain a valuation somewhere between $3-4 billion.

An anonymous source cited by Calcalist said that negations for the IPO have been underway for several months. The company hoped to go public this year, but has put off its IPO to next January.

According to Investopedia, a

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Israeli Companies Looking at Billion Dollar IPOs in 2021 – Jewish Business News

Israeli Companies Looking at Billion Dollar IPOs in 2021

IronSource, OrCam and Taboola are among the ones hopping for huge exits next year.

Lionel Messi OrCam Website

The Coronavirus has not stopped Israeli companies from making it big. Startup Nation has many firms looking at billion plus valuations after going public in 2021. The IPO hopefuls include Taboola, ironSource, Nayax, OrCam, Etoro and Innoviz.

OrCam Technologies Ltd may just be worth more than $3 billion. That is the company expects to have such a valuation after it goes public in 2021.

Founded in 2010, OrCam produces

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