September, 2019

• 24 September

  FAA chief stresses need for better plane design, piloting

  

  Bloomberg The top US aviation regulator briefed his counterparts from around the world on the grounded Boeing Co 737 Max, reminding them that improvements in both aircraft design and piloting are needed for safety. Newly installed FAA Administrator Steve Dickson pledged in his opening statement to continue sharing information as the agency assesses Boeing’s proposed fixes for a flight-control system ...

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• 24 September

  Vietnam’s Bamboo Air plans IPO to fuel aggressive growth

  

  Bloomberg Vietnam’s Bamboo Airways expects to raise about $100 million from its planned initial public offering next year to fuel its aggressive expansion in one of the world’s fastest-growing aviation markets. “The fundraising will help us to expand our fleet as we want to take 30 percent of the domestic market next year,” Trinh Van Quyet, the Hanoi-based chairman of ...

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• 24 September

  Cathay fires crew members amid oxygen bottle probe

  Bloomberg Cathay Pacific Airways Ltd said it fired two crew members at a unit as part of an investigation into why depleted emergency oxygen bottles are turning up on its flights. Cathay Dragon detected an emergency oxygen bottle in a “low-pressure state” on a September 21 flight to Hong Kong from Kuala Lumpur, it said in a statement. All cabin ...

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• 24 September

  Gucci faces possible backlash for straitjackets at Milan show

  

  Bloomberg Kering SA’s Gucci faces a possible backlash for showing straitjackets, meant to make a statement about self-expression and not to be sold in stores, at Milan Fashion Week. Model Ayesha Tan Jones held up “Mental Health Is Not Fashion” on her hands on her way down the runway. She then posted on Instagram that straitjackets symbolise “a cruel time ...

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• 24 September

  Thomas Cook’s final adventure ends in liquidation

  

  Bloomberg When Thomas Cook Group Plc began dangerously hurtling toward collapse early last week, Transport Secretary Grant Shapps ordered up a contingency plan: Operation Matterhorn. The effort aimed to safeguard the return of UK tourists should the company indeed go under. But the massive undertaking also betrayed the thinking that had taken root in the Brexit-hardened cabinet: that the company ...

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• 23 September

  UAE-Saudi ties are cornerstone of regional stability, prosperity

  

  ABU DHABI / WAM Dr Sultan bin Ahmad Sultan Al Jaber, Minister of State and Chairman of the National Media Council, said that relations between the UAE and Saudi Arabia set an exemplary model for brotherly relations in the region, reinforced by the leadership of both countries. In a statement on the occasion of the 89th Saudi National Day, the ...

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• 23 September

  Mubadala inks agreement to invest AED1.84bn in Cologix

  

  ABU DHABI / WAM The Abu Dhabi-based global investment firm, Mubadala Investment Company, on Monday announced that it has signed an agreement to invest up to AED 1.84 billion ($500 million) in Cologix, the network-neutral interconnection and hyperscale edge data centre company, subject to various regulatory approvals. The transaction will provide significant investment for Cologix for growth in both the United ...

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• 23 September

  UAE top donor for Yemen: UN

  Abu Dhabi / WAM The United Arab Emirates is the largest donor for Yemeni people during the Humanitarian Response Plan from early 2019 through September 23, according to the United Nations Office for the Coordination of Humanitarian Affairs. The United Arab Emirate’s humanitarian assistance delivered to the brotherly people of Yemen, since 2015 through September 23 this year, amounted to ...

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• 23 September

  Abu Dhabi to sell $10bn bonds in three tranches

  

  ABU DHABI / WAM Abu Dhabi will sell $10 billion of bonds in a three-part debt deal in its first international offering in two years as it takes advantage of relatively low borrowing costs. The oil-rich emirate is offering $3 billion in five-year fixed notes, $3 billion notes due 2029 and $4 billion in 30-year notes, according to a person ...

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• 23 September

  38 Emirati N-reactor operators certified

  

  ABU DHABI / WAM The second group of 38 multinational Senior Reactor Operators (SROs), and Reactor Operators (ROs), of the Nawah Energy Company, have been officially certified by the Federal Authority for Nuclear Regulation (FANR), the UAE’s independent nuclear regulator. The total number of qualified operators now reached 53, well above the 32 required to operate Unit 1 at the ...

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