March, 2019

• 13 March

  Pile-up of grounded planes could drive India airfares up 20%

  

  Bloomberg A pilot shortage for one. A cash crunch for another. And now the Boeing Max crisis. As Indian airlines ground plane after plane, passengers can expect to pay a lot more. Airfares for domestic travel may rise by 20 percent heading into the annual school break, a prime time for families to travel, according to an online booking firm. ...

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• 13 March

  Retail malaise drags Inditex’s earnings growth to 5-year low

  

  Bloomberg Inditex SA fell the most in 2019 after the Spanish owner of the Zara apparel chain reported the weakest earnings growth in five years, showing it’s not immune to the retail malaise that has burdened rival Hennes & Mauritz AB. Even a more generous dividend policy unveiled on Wednesday failed to stem the decline. The shares fell as much ...

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• 13 March

  IATA sets priorities to meet growing air cargo demand

  

  Emirates business The International Air Transport Association (IATA) called on governments and the air cargo industry to focus on three priorities to accommodate the expanding demand for air cargo and ensure the economic and social benefits of aviation can be maximised. The three priorities are: Accelerating the speed of process modernisation; Implementing and enforcing global standards; and keeping borders open ...

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• 12 March

  Nakheel to showcase $15.8bn realty projects at France expo

  

  DUBAI / WAM Dubai-based master developer Nakheel is heading back to MIPIM, the leading real estate exhibition held at Palais des Festivals in Cannes, France, for the fourth year. The developer will showcase plethora of real estate investment opportunities — including newly-launched residential projects — collectively worth more than $15.8 billion. Nakheel, which first represented Dubai at MIPIM in 2016, ...

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• 12 March

  Boeing reels as 737 Max ban goes global

  

  Bloomberg Boeing Co. grappled with more groundings of its most important airliner as operators from Brazil to South Korea idled the 737 Max following a second deadly crash, throwing the US manufacturer deeper into crisis. In a sign that the tragedy in Ethiopia, which killed everyone on board, threatens to become a commercial fiasco for Boeing, launch customer Lion Air ...

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• 12 March

  Etihad, Saudi Airlines to build on existing codeshare partnership

  

  RIYADH / WAM Etihad Airways, the national airline of the United Arab Emirates, and Saudi national flag carrier, Saudi Arabian Airlines, announced positive growth in traffic since their codeshare partnership began in November 2018. Jointly, Etihad and Saudia have flown over 16,000 guests across the partnership, solidifying the airlines’ commitment to growing inbound business and tourism in their respective markets. ...

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• 12 March

  Emirates to launch second daily flight to London Stansted

  

  DUBAI / Emirates Business Emirates on Tuesday announced the launch of a second daily flight from Dubai (DXB) to London Stansted (STN) starting July 1. The additional flight means that Emirates customers will now have 11 daily flight options to and from three London airports. As with the first, the second daily flight to Stansted will also be operated by ...

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• 12 March

  Abu Dhabi fund extends monetary support to Dar Zayed for Family Care

  

  ABU DHABI / Emirates Business Abu Dhabi Fund for Development (ADFD), the leading national entity for international development aid, extended a financial contribution to the talent centre at Dar Zayed for Family Care (DZFC), an organisation dedicated to the care of orphans. In line with the Fund’s 2019 corporate social responsibility (CSR) agenda, the endowment seeks to support DZFC in ...

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• 12 March

  Six water projects in Yemen’s Red Sea Coast launched: UAE

  RED SEA COAST / WAM The UAE, represented by the Emirates Red Crescent (ERC), implemented six water projects in six villages in Dhubab District on Yemen’s Red Sea Coast, adding to the number of villages benefitting from its new water projects, which now totals 12. The six water projects included the restoration of artesian wells in Al Watan, Al Jafer, ...

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• 12 March

  UAE residents can fly electric aircraft from October

  

  Abu Dhabi / WAM Come October, anyone living in the UAE can lease and fly an electric aircraft, provided they receive proper training, as per the Academy of Technical Training (ATT), standards. Officials at the ATT told Emirates News Agency (WAM), that receiving a licence to fly the electric-driven aircraft is open to individuals as young as 14 years. The licence ...

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