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Bloomberg AirAsia Bhd., the low-cost carrier headed by Malaysian tycoon Tony Fernandes, plans to start a Vietnamese carrier in a local partnership, as cheap fares and rising incomes fuel a travel surge in the Southeast Asian nation. The region’s largest budget airline will partner Gumin Co., Hai Au Aviation Joint Stock Co. and businessman Tran Trong Kien for the ...
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April, 2017
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1 April
Frontier Airlines files for initial public offering
Bloomberg After three years of slashing costs and shaking up its flight routes, Frontier Group Holdings Inc. is ready to pitch its story to public investors. The no-frills carrier filed for a rare US airlines IPO with an offering size of $100 million, according to a filing Friday, which is a placeholder amount used to calculate fees and will ...
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1 April
Lufthansa heats up race for cheap flights to US
Bloomberg Deutsche Lufthansa AG wants to add long-distance airplanes to its low-cost Eurowings arm as competition for discount travelers from Europe to the Americas intensifies. “We need aircraft beyond the seven we have,†Lufthansa Chief Executive Officer Carsten Spohr said at an aviation event, referring to the Airbus A330s based in Cologne that Eurowings uses for inter-continental leisure flights. ...
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1 April
Quebec decries ‘shocking’ Bombardier bonuses after taxpayer aid
Bloomberg Bombardier Inc. should review the bonuses it awarded top executives after taxpayers helped underwrite the company’s still-fragile recovery, Quebec Finance Minister Carlos Leitao said. “People are shocked, and I’m shocked†at the compensation, Leitao told Quebec’s TVA television network in an interview. “I’m urging the board to rethink the compensation policy. I’m inviting them to review all this ...
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1 April
Abu Dhabi eyes more hotel guests in 2017
ABU DHABI / Emirates Business Following a record-breaking year for hotel guests in Abu Dhabi, the emirate recorded impressive growth in the first two months of 2017, seeing a 5.5% rise in hotel guests. According to figures from Abu Dhabi Tourism & Culture Authority (TCA Abu Dhabi), 749,650 hotel guests have checked into the emirate’s 170 hotels and hotel ...
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1 April
Community-building values take centre stage MOTN
Abu Dhabi / Emirates Business From thought-provoking discussions to educational installations, this year’s edition of the Mother of the Nation (MOTN) Festival is set to broaden the minds of residents and visitors to the UAE with new perspectives on a variety of topics including conservation, sustainability and social commentary. Organised by Abu Dhabi Tourism & Culture Authority (TCA Abu ...
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1 April
SUPC begins rollout of Postal Code System in Sharjah
Sharjah / Emirates Business The Sharjah Urban Planning Council (SUPC) began the full rollout of the Postal Code System (PCS) across the emirate. In-line with the emirate’s goal to improve the level of services provided to the public, PCS reflects the pioneering role played by Sharjah to develop essential tools that serve the emirate’s residents, visitors and future generations. ...
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1 April
Mohamed offers condolences on death of Fujairah’s Deputy Ruler
Fujairah /Â WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has offered the condolences to HH Sheikh Hamad bin Mohammed Al Sharqi, Supreme Council Member and Ruler of Fujairah and HH Sheikh Mohammed bin Hamad bin Mohammed Al Sharqi, Crown Prince of Fujairah, on the ...
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1 April
Khalifa Foundation, DIB join hands to support university students
Abu Dhabi /Â WAM The Khalifa Bin Zayed Al Nahyan Foundation and Dubai Islamic Bank (DIB), signed a Memorandum of Understanding (MoU) to assist students with limited economic status who complete their academic studies at public universities, including UAE University, Zayed University and Higher Colleges of Technology. The MoU was signed by Mohammed Haji Al Khouri, Director-General of the Khalifa ...
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1 April
Ajman, Hong Kong explore wider trade prospects
Ajman /Â WAM The Hong Kong Trade Development Council (HKTDC) organised a forum to explore the prospects of wider trade and economic opportunities between the emirate of Ajman and Hong Kong. Held under the patronage of the Ajman Chamber of Commerce and Industry, the “Hong Kong: Your Gateway to China” forum brought together representatives of the emirate’s government departments, business ...
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