Bloomberg EasyJet Plc plans to become the first carrier to offset carbon emissions from all its flights as the aviation industry responds to a growing outcry over its contribution to climate change. “It’s not to say that this is the perfect solution, we know it’s an interim step before new technologies come into play,” CEO Johan Lundgren told Bloomberg TV. ...

Bloomberg The US National Transportation Safety Board (NTSB) recommended that the Boeing Co 737 NG (Next Generation) be redesigned to prevent a repeat of a fatal accident last year in which an engine part broke off in flight, killing a passenger. More than 7,000 so-called 737 Next Generation planes could be affected by the recommendation that the inlet to the ...

Bloomberg Air Botswana plans to reduce its workforce to 210 from 450 to prepare for the government’s latest attempt to privatise the loss-making state-owned carrier. The job cuts will come from separating the ground-handling operation into a new unit that could then be sold to private-equity firms, chairman Tebogo Masire told reporters in Gaborone. “Air Botswana must be lean and ...

Abu Dhabi / WAM Global leaders convened at the Reaching the Last Mile Forum in Abu Dhabi on Tuesday to affirm their commitment to eradicate polio and pledge $2.6 billion as part of the first phase of the funding needed to implement the Global Polio Eradication Initiative’s Polio Endgame Strategy 2019-2023. This pledging event comes on the heels of a ...

Bloomberg The trade war’s drag on the world’s largest two economies will gradually fade in 2020 as tariffs on imports from China have likely peaked, according to Goldman Sachs Group Inc. The recent progress towards a partial trade deal and expectations of an extended truce implies that this drag will disappear, which will also benefit the global economy, Goldman Sachs ...

Dubai / WAM American defence giant Lockheed Martin described the UAE’s F-16, Block 60, fighters jets as “the best in the world,” praising the 40-year “strong partnership” with the country. Block 60 is considered the most advanced operational F-16 produced so far and features developed specifically for UAE Air Force. The UAE announced of signing a AED76 million agreement with ...

Bloomberg Boeing Co. secured orders for 50 737 Max narrow-body planes, padding its tally at the Dubai Airshow while building momentum for the grounded aircraft ahead of its potential return to the skies in coming weeks. Kazakhstan’s Air Astana signed a letter of intent for 30 jets, Boeing announced on Tuesday, while an undisclosed customer bought 20, according to a ...

Dubai / WAM The number of Indian tourists travelling to the GCC is expected to increase 81 percent from 5.4 million in 2018 to 9.8 million in 2024, growing at a Compound Annual Growth Rate (CAGR), of 10 percent, according to the latest data published ahead of Arabian Travel Market (ATM, 2020). As destinations throughout the Middle East prepare to ...

Dubai / Emirates Business Halcon, a regional leader in the production and supply of precision-guided weapons, has signed a $1 billion (AED3.6 billion) contract to deliver its Desert Sting-16 (DS-16) range of precision guided weapons to the UAE Armed Forces. Saeed Al Mansoori, CEO of Halcon, announced the landmark deal at Dubai Airshow 2019. Speaking on the sidelines of the ...

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, recognised the winners of the 2019 REACH Awards on Tuesday at a ceremony held during the Reaching the Last Mile Forum in Abu Dhabi. Established by the Crown Prince of Abu Dhabi, the biennial ...