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Ryanair’s low-cost soul at stake as pilots gird for fight

Bloomberg Michael O’Leary built Ryanair Holdings Plc into Europe’s most valuable airline by being cheap, right down to charging pilots for coffee on their own flights. Now those aviators are pushing back. A group of disgruntled flight crew is demanding more pay, better conditions and the ability to bargain collectively across Europe. They’re emboldened by rising demand for pilots at ...

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ADNOC to sell at least 10% stake in fuel business unit

ABU DHABI / AGENCIES The CEO of the Abu Dhabi National Oil Company (ADNOC) Dr Sultan Al Jaber, announced that ADNOC intends to sell a minority stake of its fuel distribution and convenience retail store subsidiary, ADNOC Distribution, via an IPO on the Abu Dhabi Securities Exchange (ADX) before the end of the year. The company aims to sell at ...

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Al Mazrouei: Shale oil producers part of equation

ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Industry, has said that the current recovery of the oil market is due to market forces which benefit OPEC and shale oil producers alike. He made his comments while taking part in the UAE Ministry of Energy and Industry Knowledge Series panel discussion entitled, “Oil and Gas Outlook to ...

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