February, 2023

• 5 February

  Expo Centre Sharjah takes part in 2023 Global CEO Summit

  

    Sharjah / WAM The Expo Centre Sharjah has made a noteworthy appearance at the 2023 Global CEO Summit, hosted by the prestigious Global Association of the Exhibition Industry (UFI). The summit, held in Lisbon, Portugal, brought together more than 100 influential CEOs, executives, and directors from the exhibitions and conferences industry globally. Saif Mohammed Al Midfa, CEO of Expo ...

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• 5 February

  Southwest to halve flying time needed for prospective pilots

  

  Bloomberg Southwest Airlines Co. will reduce by half the amount of experience prospective pilots must have flying jet or turboprop aircraft as it accelerates hiring this year. Applicants will need to have 500 hours of “turbine time” starting February 7, down from the 1,000 hours previously required, the airline confirmed. The change, outlined in a memo to pilots, “will allow ...

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• 5 February

  Amazon halted Fresh grocery store rollout

  

  Bloomberg Amazon.com Inc. has paused expansion of its line of Amazon Fresh grocery stores as it evaluates how to make the chain stand out to shoppers, Chief Executive Officer Andy Jassy said. Amazon has owned Whole Foods Market since 2017, but in recent years much of its energy has been devoted to Amazon Fresh, a line of mainstream grocery stores ...

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• 5 February

  Lufthansa, Air France-KLM in talks to buy UK carrier Flybe

  

  Bloomberg Deutsche Lufthansa AG and Air France-KLM are in talks to buy bankrupt UK airline Flybe, the Telegraph reported, without saying where it obtained the information. Lufthansa and Air France-KLM are considering an offer because they are interested in Flybe’s seven pairs of take-off and landing slots at London’s Heathrow airport and five pairs of slots at Schiphol in Amsterdam, ...

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• 5 February

  Boeing accused of violating 737 Max settlement with DOJ

  

  Bloomberg Families of 737 Max crash victims say Boeing Co. violated terms of a 2021 deferred-prosecution agreement with the US government when the company pleaded not guilty in Texas last week to a fraud charge tied to its role in hiding flight-control flaws from regulators. In a motion filed in federal court, lawyers for the relatives claimed the aircraft maker’s ...

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• 5 February

  FedEx, Southwest Airlines jets in close call at Austin airport

    Bloomberg A FedEx Corp. widebody jet flew over the top of a Southwest Airlines Co. plane in Texas after an air-traffic controller cleared the passenger plane to take off from the same runway that the cargo aircraft was preparing to land on, aviation authorities said. The US National Transportation Safety Board has opened an investigation into the close call ...

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• 5 February

  Musk’s Starlink eyes Philippine rollout

  Bloomberg Elon Musk and Philippine tycoon Henry Sy Jr. will introduce their satellite broadband service in the Southeast Asian nation this quarter. Delays in the production and deployment of low earth orbit satellites pushed back the venture’s plan to start offering high speed, low latency internet in December, Sy’s Data Lake said. SpaceX’s Starlink plans to offer its service in ...

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• 5 February

  UK grid asks coal reserve to prepare as cold snap looms

  

    Bloomberg The UK’s grid operator asked one coal-fired power unit to be ready to generate power as it seeks to boost electricity supplies during a cold snap. The Uniper SE-owned unit at the Ratcliffe plant in central England is warming and will be ready to provide power by 12:25 pm London time on Tuesday, according to a notice by ...

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• 5 February

  Enel in talks with PPC  for Romanian unit sale

    Bloomberg Enel SpA has extended an exclusivity period for talks with Greece’s Public Power Corporation S.A. on the potential sale of its Romanian operations until the end of February. PPC entered an exclusivity agreement with the Italian utility in December in relation to the potential acquisition of the entire equity stakes held by Enel in Romania. The parties “will ...

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• 5 February

  UK may reap £70b borrowing from household Covid savings

  

    Bloomberg The UK Treasury is exploring a significant increase in the bonds it sells to retail investors, a move that analysts say may draw in as much as £70 billion ($85.8 billion) for financing deficits in the coming years. The move would help Chancellor of the Exchequer Jeremy Hunt raise money at a time of economic turmoil and alleviate ...

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