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IndiGo to set up aircraft leasing unit, order 10 more A320neos

BLOOMBERG IndiGo is setting up an aircraft-leasing subsidiary in the western Indian state of Gujarat, following a similar move by Air India as the country’s two biggest carriers enlarge their fleets. The budget airline, which has a market share of 63% in India, also plans to order 10 additional Airbus SE A320neo aircraft, expanding a 300-jet deal inked in 2019, ...

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Europe’s airlines offer discounts amid travel slowdown

BLOOMBERG Airlines across Europe have begun discounting their tickets as the peak summer travel season gives way to the traditionally slower months of more subdued bookings. Discounter EasyJet Plc said that it’s offering 20% off on more than 1.7 million seats for flights from mid-September to the end of March. British Airways launched an end-of-summer sale on the same day ...

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Superdry sinks to $27.5 million loss as turnaround flounders

BLOOMBERG Superdry Plc swung to an annual loss and expects no revenue growth in the current year as the fashion retailer struggles to compete with other clothing brands during the UK’s cost-of-living crisis. The company, known for its logo-printed T-shirts and bright colours, reported a pretax loss of £21.7 million ($27.5 million) for the full year, compared with a profit ...

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Joint statement issued in Nairobi during Africa Climate Summit

NAIROBI / WAM Dr Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and COP28 President-Designate, the President of Kenya, William Samoei Ruto, and African Union Commission Chair Moussa Faki Mahamat, have affirmed their commitment to work towards realising ambitious climate action in the Global Stocktake year. In a joint statement, they said that both Africa Climate Summit ...

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Abu Dhabi Arabic Language Centre to organise children’s literature workshop

ABU DHABI / WAM The Abu Dhabi Arabic Language Centre will organise the Children’s Literature Workshop at the Cultural Foundation from September 12 to  November 14, as part of its Qalam Creative Writing Programme, which aims to nurture Emirati talent and encourage authors to share their creative projects. Taking place over 10 sessions, the workshop will be supervised by Dr ...

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UAE ambassador to Türkiye attends Teknofest Aerospace and Technology Festival launch

ANKARA / WAM Saeed Thani Al Dhaheri, UAE ambassador to the Republic of Türkiye, attended the launch of the Teknofest Aerospace and Technology Festival in the capital, Ankara, an event considered the largest of its kind. Al Dhaheri met with Selçuk Bayraktar, Chairman of the Board of Directors of Baykar, the organisers of the event, in addition to several officials ...

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Sheikh Mohammed chairs UAE Cabinet meeting, approves optional system for end-of-service gratuities for private sector employees

ABU DHABI / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, chaired the UAE Cabinet meeting at Qasr Al Watan, Abu Dhabi, in the presence of HH Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Minister of the Presidential Court; HH Sheikh Maktoum bin ...

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UAE leaders condole Saudi King on passing of Prince Jalawi bin Abdullah

ABU DHABI/WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan, has sent a message of condolences to the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud of Saudi Arabia on the passing of Prince Jalawi bin Abdullah bin Abdulaziz. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai ...

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