When Boeing Co. was navigating one of its most challenging periods last year, a relatively unknown plane buyer provided the manufacturer with a much-needed shot of relief. Gediminas Ziemelis offered a one-stop shop solution during unexpected peaks in demand or when they face unplanned maintenance.(X) A deal for up to 80 narrowbody jets came shortly after a prolonged strike at one of the US firm’s key factories. And just months earlier, a mid-air panel blowout on an Alaska Airlines had reignited scrutiny of the firm’s manufacturing practices after fatal accidents. Gediminas Ziemelis saw an opportunity. The Dubai-based entrepreneur had just spent more than a year convincing the manufacturer to...
Sunday 19 October 2025
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Jet Tycoon amasses $1.5 billion fortune on spikes in air travel
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