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Bloomberg HondaJet, the business aircraft developed by Honda Motor Co., sees big prospects in China and Southeast Asia as wealthy individuals seek out the lightweight plane as an efficiency tool. There’s a “huge potential,” Honda Aircraft Co. Chief Executive Officer Michimasa Fujino said in an interview with Bloomberg Television’s Haslinda Amin at the Singapore Airshow. “I’m looking at the next ...

Bloomberg AerCap Holdings NV, the aircraft-leasing company, is willing to work with Hainan Airlines Holding Co. given its viable business model even as its parent HNA Group Co. comes under intense pressure to repay mounting debts. “We’re working very closely with the Hainan group of course at the moment,” AerCap Chief Executive Officer Aengus Kelly said in an interview with ...

Bloomberg Asia, home to some of the world’s fastest growing economies, is seeing some of the biggest passenger growth rates in its airports. India in particular. Among those handling more than 40 million passengers annually, New Delhi took the lead with the number of travelers rising 21 percent in 2016, according to the latest available data from Airports Council International. ...

Bloomberg As the UK forces companies to disclose the gap between men’s and women’s pay, the country’s biggest private employer is confronted with a massive demand from workers feeling short-changed. Supermarket chain Tesco Plc has been presented with claims that law firm Leigh Day says could eventually total as much as 4 billion pounds ($5.6 billion). The firm contends that ...

DUBAI / Emirates Business The rise of natural and niche brands coupled with increasing digital engagement will be among the key trends at Beautyworld Middle East 2018, as the countdown begins to the 23rd edition of the region’s largest trade fair for beauty products, hair, fragrances, and wellbeing. According to analysts Euromonitor International (EMI), the retail value of the Middle ...

ABU DHABI / WAM Union National Bank (UNB) recorded a net profit of AED1,657 million for the year 2017, up by five percent compared to the previous year. The net profit for the fourth quarter of the year was AED289 million, higher by 15 percent as compared to the same quarter of 2016. The Board of Directors has recommended a ...

DUBAI / WAM The Dubai Electricity and Water Authority (DEWA) has awarded a contract for work on the 4th phase of H-Station at Al Aweer, worth AED1.1 billion, to a consortium comprising Siemens and ELSEWEDY Power. “The project aims to test, supply, and commission three gas turbines with a total capacity of 815 megawatts (MW). The turbines are expected to ...

Abu Dhabi / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and President Abdel Fattah el-Sisi of Egypt, discussed during their meeting in Abu Dhabi, ...

Dubai / WAM His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai, attended some of the competitions of the first stage of the 5th Dubai International Cycling Tour, organised by Dubai Sports Council until February 10. His Highness Sheikh Mohammed watched the race as the cyclists passed through the Al Marmoum ...

Dubai / WAM DP World Limited handled 70.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1% year-on-year on a reported basis and 9.7% on a like-for-like1 basis, ahead of Drewry Maritime’s global container throughput growth estimate of 6.0% for 2017. In the fourth ...