Bloomberg UK Transport Secretary Chris Grayling said there’s no chance that planes will be grounded when Britain leaves the European Union in 2019 and that any transitional arrangements on border controls are likely to be contingent on maintaining maximum access for airlines. The notion that jets could be forced to stop flying once Brexit is implemented shouldn’t be taken seriously, …
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DUBAI / Reuters Dubai Aerospace Enterprise (DAE) has priced $2.3 billion in senior bonds split across three tranches, the company said on Sunday. DAE priced $500 million of 4 percent notes due in 2020, $800 million 4.5 percent bonds due in 2022 and $1 billion 5 percent bonds due in 2024, according to a company statement. DAE, the aircraft leasing …
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Bloomberg JetBlue Airways Corp. is looking for investors and developers to help build a new Terminal 6 at New York’s John F. Kennedy International Airport, with possible expansion to include a second facility. JetBlue holds exclusive rights to develop the site of JFK’s previous Terminal 6, which was torn down. The project also may involve the replacement of Terminal 7, …
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Bloomberg Wizz Air Holdings Plc, Eastern Europe’s biggest discount airline, plans to stop charging customers for carry-on luggage, bringing it into line with rivals Ryanair Holdings Plc and EasyJet Plc as low fuel prices boost earnings. While Wizz had allowed customers to bring aboard small items and laptop bags for free, it imposed a fee of between 10 and 35 …
Read More »Bloomberg United Airlines projected a slowdown in a benchmark financial gauge as trans-Pacific fares weaken, and the carrier delayed delivery of four Airbus SE long-haul jets earmarked for those routes. Passenger revenue for each seat flown a mile could rise as much as 1 percent or fall by the same magnitude this quarter, United said in a statement as it …
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Geneva / Emirates Business The International Air Transport Association (IATA) and Airlines for America (A4A), have launched a year-long global campaign related to baggage tracking with the goal of reducing mishandled bags in addition to increasing efficiency in baggage operations. Annually, more than 4 billion bags are carried by airlines globally. Less than 0.43 percent do not arrive with their …
Read More »DUBAI / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), confirmed that the authority made significant progress on the supply, extension and commissioning of 25km of major water transmission pipelines across various parts of Dubai. This supports DEWA’s strategy to enable the comprehensive development of electricity and water for the Dubai Plan …
Read More »Manila / WAM The economic growth prospects for development in Asia in 2017 have improved on the back of stronger-than-expected export demand in the first quarter of the year, according to a new report from the Asian Development Bank (ADB). In a supplement to its ‘Asian Development Outlook 2017’ report, ADB upgraded its growth outlook for the region from 5.7 …
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Al HAMMAM AREA / WAM His Highness Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, along with a few dignitaries, attended the opening ceremony of the Mohamed Naguib Military Base, west of Alexandria, Egypt. The programmes at the ceremony included a documentary about the late Egyptian president Mohamed Naguib, followed …
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ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch of this new initiative, Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC met last week with both potential and …
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