July, 2017

• 23 July

  DAE raises $2.3bn in bonds for AWAS deal

  

  DUBAI / Reuters Dubai Aerospace Enterprise (DAE) has priced $2.3 billion in senior bonds split across three tranches, the company said on Sunday. DAE priced $500 million of 4 percent notes due in 2020, $800 million 4.5 percent bonds due in 2022 and $1 billion 5 percent bonds due in 2024, according to a company statement. DAE, the aircraft leasing ...

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• 23 July

  JetBlue seeks partners to construct JFK terminal

  

  Bloomberg JetBlue Airways Corp. is looking for investors and developers to help build a new Terminal 6 at New York’s John F. Kennedy International Airport, with possible expansion to include a second facility. JetBlue holds exclusive rights to develop the site of JFK’s previous Terminal 6, which was torn down. The project also may involve the replacement of Terminal 7, ...

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• 23 July

  Wizz Air drops cabin-baggage fees

  

  Bloomberg Wizz Air Holdings Plc, Eastern Europe’s biggest discount airline, plans to stop charging customers for carry-on luggage, bringing it into line with rivals Ryanair Holdings Plc and EasyJet Plc as low fuel prices boost earnings. While Wizz had allowed customers to bring aboard small items and laptop bags for free, it imposed a fee of between 10 and 35 ...

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• 23 July

  United Airlines records airfare weakness on Asia

  Bloomberg United Airlines projected a slowdown in a benchmark financial gauge as trans-Pacific fares weaken, and the carrier delayed delivery of four Airbus SE long-haul jets earmarked for those routes. Passenger revenue for each seat flown a mile could rise as much as 1 percent or fall by the same magnitude this quarter, United said in a statement as it ...

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• 23 July

  IATA, A4A launch baggage tracking campaign

  

  Geneva / Emirates Business The International Air Transport Association (IATA) and Airlines for America (A4A), have launched a year-long global campaign related to baggage tracking with the goal of reducing mishandled bags in addition to increasing efficiency in baggage operations. Annually, more than 4 billion bags are carried by airlines globally. Less than 0.43 percent do not arrive with their ...

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• 22 July

  DEWA makes progress in water pipeline project

  DUBAI / WAM Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority (DEWA), confirmed that the authority made significant progress on the supply, extension and commissioning of 25km of major water transmission pipelines across various parts of Dubai. This supports DEWA’s strategy to enable the comprehensive development of electricity and water for the Dubai Plan ...

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• 22 July

  ADB says growth prospects for Asia improving

  Manila / WAM The economic growth prospects for development in Asia in 2017 have improved on the back of stronger-than-expected export demand in the first quarter of the year, according to a new report from the Asian Development Bank (ADB). In a supplement to its ‘Asian Development Outlook 2017’ report, ADB upgraded its growth outlook for the region from 5.7 ...

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• 22 July

  Mohamed attends opening of Mideast’s largest military base

  

  Al HAMMAM AREA / WAM His Highness Sheikh Mohamed bin Zayed, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, along with a few dignitaries, attended the opening ceremony of the Mohamed Naguib Military Base, west of Alexandria, Egypt. The programmes at the ceremony included a documentary about the late Egyptian president Mohamed Naguib, followed ...

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• 22 July

  ADNOC begins talks with potential Asian partners on partnership approach

  

  ABU DHABI / WAM The Abu Dhabi National Oil Company (ADNOC) recently announced the expansion of its strategic partnership model, as well as the more active management of its portfolio of assets. Following the launch of this new initiative, Dr Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC met last week with both potential and ...

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• 22 July

  ADFD allocates $18mn to construct power dispatch centre in Guinea

  

  ABU DHABI / WAM The Abu Dhabi Fund for Development (ADFD) participated at the official cornerstone-laying ceremony of Guinea’s National Dispatch Centre in the presence of Alpha Conde, President of Guinea, and Mamady Youla, Prime Minister of Guinea. ADFD allocated US$18 million for the construction and operation of the centre from the US$90 million Abu Dhabi Government grant earmarked for ...

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