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August 25 – According to the Associated Press, the Trump administration is preparing to revoke the business and tourist visas of up to 200,000 foreigners who have applied for or are seeking asylum in the United States. If implemented, this would be the largest single visa revocation in U.S. history and is likely to face legal challenges. According to documents from the U.S. State Department obtained by the Associated Press and two U.S. officials, the State Department is expected to announce in the coming weeks the revocation of so-called B1 and B2 visas issued between 2016 and 2026 that the holders of which have applied for or are seeking asylum. This move will be coordinated with the Department of Homeland Security. A State Department spokesperson stated, “We are working with the Department of Homeland Security to identify and revoke nonimmigrant visas of foreigners who claimed to be short-term visitors but subsequently applied for asylum to remain permanently in the United States.” He declined to comment on the number of visas that might be revoked, saying, “Because this process will continue, the number of visas revoked will change and will be processed on a rolling basis.” U.S. officials stated that visa revocation does not necessarily mean immediate deportation; most of those currently awaiting asylum applications will be reclassified but will lose their business or tourist status.According to the Associated Press, the United States is preparing to revoke up to 200,000 business and tourist visas.On August 25, the Israel Defense Forces and the General Directorate of National Security (Shin Bet) issued a joint statement on the 24th, stating that the Israeli military struck two weapons depots belonging to the Palestinian Islamic Resistance Movement (Hamas) in the Gaza Strip that day.Modular power company Aggreko has filed for an IPO, seeking to list on the New York Stock Exchange under the ticker symbol "AGKO".On August 25th, Mokhber, an advisor to Irans Supreme Leader, stated on social media on the evening of the 24th that Irans response to US threats will be more resolute than ever before. Mokhber wrote on his social media account that the USs hostile strategies over the past 47 years, including sanctions, war, and attempts to divide Iran, have failed to achieve their intended results. Now, the US faces the challenge of internal unity within Iran and its deterrent capabilities in the Strait of Hormuz. He said, "This strategic failure is a clear warning to the US to continue making misjudgments," and Irans response will be more resolute than ever before.

Boeing Will Restructure Its Commercial Aircraft Finance Arm

Charlie Brooks

Feb 17, 2023 11:41

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As part of an effort to streamline its organizational structure, Boeing (NYSE:BA) said on Thursday that it will merge its aircraft financing division with its commercial jets division.


Boeing stated that, following the retirement of Boeing Capital Corp (BCC) President Tim Myers this spring, it will "realign" the commercial aviation unit's finance arm while retaining "strong cooperation" with the company's treasury arm. Airfinance Journal previously reported the development.


Boeing Capital provides asset-based financing and leasing to prospective commercial aircraft purchasers. By relocating the financing organization under its commercial airplane division, Boeing wants to streamline the purchasing process for its customers.


The reorganization would "concentrate resources on our core business of servicing our customers and their finance requirements," Boeing Chief Financial Officer Brian West said in an internal memo obtained by Reuters.


A spokeswoman for Boeing stated that the change will give airlines with "more consistent help" for arranging aircraft finance.


West stated in a message that Rob Martin, chief financial officer of the commercial airline division, and David Whitehouse, Boeing's treasurer, will be responsible for the transfer.


The shutdown of Boeing Capital maintains Boeing's history of operating structure consolidation. The corporation announced in November a restructure of its defense segment that sought to cut its business divisions in half.