Bloomberg Airbus Group SE won an order for 13 Airbus planes valued at about $1.4 billion at list prices from Japanese budget carrier Peach Aviation Ltd., making inroads in a nation where most aircraft flown come from Boeing Co. Peach signed an agreement to buy 10 A320neo aircraft and three A320ceo planes, it said in a statement Friday. The …
Read More »
Abu Dhabi / Emirates Business Etihad Airways, the national airline of the United Arab Emirates, announced an expanded codeshare agreement with Hong Kong Airlines, an internationally-acclaimed Skytrax 4-star airline, to give air travellers enhanced connections between Australasia, Asia, the Middle East, Europe and North America. The two airlines have obtained regulatory approval to codeshare on nine additional routes, bringing …
Read More »
Bloomberg United Continental Holdings Inc. is looking to create a more varied economy class with offerings for budget travellers, bigger spenders and those in between. The airline will begin selling its ‘basic economy’ fare in January, wooing passengers who want the cheapest tickets and are willing to forgo most other privileges. Those fliers will board last and won’t be …
Read More »Bloomberg United Continental Holdings Inc. will defer delivery of 61 of Boeing Co.’s smallest passenger jets as the airline seeks to close its profit gap with Delta Air Lines Inc. and American Airlines Group Inc. United plans to convert the order to the larger, newer Boeing 737 Max to be delivered at an undetermined date, slowing near-term capacity growth …
Read More »
London / AFP British low-cost airline EasyJet warned on Tuesday it faced further financial turbulence from a Brexit-driven slump in the pound after terror attacks and labour disputes took their toll on annual profits. Pre-tax profit tumbled by 28 percent to £495 million ($618 million, 574 million euros) in the year to September 30 compared with 2014-15 “mainly due to …
Read More »
Bloomberg Malaysia Airlines Bhd. is considering ordering as many as 25 widebody aircraft as the nation’s flag carrier, recovering from two fatal air crashes in 2014, looks to meet growing travel demand. The airline will replace 15 of its aging planes and add 10 to fuel growth, Chief Executive Officer Peter Bellew said in an interview in Singapore Tuesday. …
Read More »
Bloomberg Warren Buffett’s Berkshire Hathaway Inc. bet on the biggest US airlines, reversing decades of aversion to the industry. Berkshire held 21.8 million shares of American Airlines Group Inc. as of Sept. 30, valued at almost $800 million at the time, according to a regulatory filing from the billionaire’s Omaha, Nebraska-based business. Buffett’s company also reported 6.33 million shares …
Read More »
Emirates Business This week, Etihad Airways, the global airline partner of 15 Taste Festivals across the world, brought world-class chefs to Taste of Abu Dhabi to compete in the final ‘Taste the World’ competition. On the last day of the festival, Etihad Airways’ Chief Executive Officer, Peter Baumgartner, awarded chef André Gerrits of Dutch farm restaurant ‘t Amsterdammertje with …
Read More »
DUBAI / Emirates Business Qantas launched a new virtual reality app – Qantas VR – giving customers an interactive new way to discover and explore destinations before physically travelling there. Available for iPhone, Android, Samsung Gear VR, Oculus Rift, and HTC Vive devices, the app showcases Australia’s distinctive landscape through a series of immersive videos, including never before seen …
Read More »
DUBAI / Emirates Business Top British brand Liberty London has created an exclusive range of washbags for customers flying in First with British Airways. The sleek, slim and stylish washbags feature a contemporary look using a range of carefully chosen prints from Liberty London’s vast textiles archive, updated for today’s modern traveller. The new Liberty London First washbags appear …
Read More »
The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.