Bloomberg De Havilland Aircraft of Canada Ltd won its biggest plane orders since the brand was sold off by Bombardier Inc with the sale of as many as 23 Dash 8-400 turboprops. The manufacturer, an aviation pioneer long overtaken by the jet age, said at the Dubai Airshow that it a signed a letter of intent with lessor Palma Holding ...

Bloomberg Coty Inc agreed to pay $600 million in cash for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele. The makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts ...

Bloomberg EasyJet Plc ordered a dozen Airbus SE narrow-body jetliners to fuel long-term growth while reining in more immediate expansion plans by trimming capacity and pushing back another set of aircraft deliveries. Europe’s second-biggest discount airline converted options to firm purchases for the A320neo planes worth $1.33 billion at list prices, it said in a statement. Delivery is set for ...

Bloomberg Global aviation regulators have yet to formulate a unified approach to getting the grounded Boeing 737 Max jet back into service after two fatal crashes, a division that risks undermining public trust in the industry’s safety record, according to Alexandre de Juniac, the head of the IATA association of global airlines. “The point on which we have to pay ...

Bloomberg Estee Lauder Cos agreed to buy the two-thirds of Have & Be Co, the South Korean owner of Dr. Jart+ cosmetics, that it didn’t already own for about $1.1 billion, its first acquisition of an Asian beauty brand. Founded in 2005 in Seoul, Dr. Jart+ sells moisturisers, masks, cleansers and serums under names like Cicapair and Ceramidin and will ...

ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan, condoled the death of his brother HH Sheikh Sultan bin Zayed Al Nahyan, President’s Representative, who passed away on Monday. At the directives of the Ministry of Presidential Affairs, the UAE will observe an official mourning period of three days with the flag flown at half-mast. In ...

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, and His Holiness Pope Francis, Head of the Catholic Church, on Monday reaffirmed their cooperation towards the improvement of the health and wellbeing of communities in need. The intention is to identify joint initiatives ...

Dubai / Emirates Business Emirates, the world’s largest international airline, on Monday announced a firm order for 50 A350-900 XWB aircraft worth $16 billion (AED58.7 billion) at list prices at the Dubai Airshow 2019. Powered by Rolls-Royce Trent XWB engines, delivery of the first Emirates A350 XWB is expected in May 2023, and will continue until 2028. His Highness Sheikh ...

Sharjah / Emirates Business Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), on Monday set another milestone with one of the region’s largest single-aisle aircraft orders of 120 Airbus A320 Family aircraft. This was announced during Dubai Airshow 2019 following a signing ceremony attended by Air Arabia’s Chairman Sheikh Abdullah bin Mohammed Al Thani ...

ABU DHABI / WAM The UAE will continue to deliver on the Opec and Non-Opec commitment for voluntary production adjustments until the global market is re-balanced, Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has stated. The minister affirmed the UAE is working in all fairness and transparency with the Opec’s Joint Ministerial Monitoring Committee (JMMC), ...