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Bloomberg Bombardier Inc. predicted that growth in its corporate-jet unit will help offset lost revenue from handing the keys of its marquee commercial-aircraft programme to Airbus SE. Business-aircraft revenue could increase 70 percent in the next three years, Bombardier said in statement. Overall sales are expected to rise to $20 billion in 2020, down from a previous forecast of $25 ...

Bloomberg Delta Air Lines Inc. and other carriers worked to get thousands of stranded passengers onto planes after a major electrical disruption in Atlanta crippled service at the world’s busiest hub, extending flight cancellations into a second day. Hartsfield-Jackson Atlanta International Airport still had 411 inbound and outbound cancellations on Monday after 1,183 the day before, according to FlightAware, a ...

Bloomberg Ryanair Holdings Plc’s Irish pilots suspended a planned strike, after Europe’s biggest low-cost carrier agreed to recognise their labour union. The Irish company wrote to pilot organisations in Ireland, the UK, Germany, Italy, Spain and Portugal inviting each of them to talks “to recognise these unions as the representative body for pilots in Ryanair in each of these countries,” ...

Bloomberg ANA Holdings Inc. is attempting to set up a venture in Myanmar for the third time after previous efforts collapsed, as Japan’s largest carrier seeks to capture demand in one of Asia’s fastest-growing economies. “We’re going to find a new partner again,” Shinya Katanozaka, chief executive officer of ANA Holdings, said in an interview in Tokyo. “Even though this ...

Bloomberg After a year to forget for British retailers, investors are betting some of the UK’s major chains now face a make-or-break holiday shopping season. Among those with the most at stake are department-store operators Debenhams Plc and House of Fraser Ltd., as well as fashion retailer New Look Retail Group Ltd., owned by embattled billionaire Christo Wiese. Despite Black ...

DUBAI / Emirates Business The Arabian Hotel Investment Conference 2018 (AHIC) is forecasting significant opportunities for hotel investors targeting the Middle East in light of new data from MEED Projects, which predicts that more than $14bn worth of hotel construction contracts will be awarded in 2018. According to MEED Projects, the online projects tracking service, the value of new hotel ...

SHARJAH / WAM HH Dr Sheikh Sultan bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has issued Law No. 10 2017 approving a general budget of AED22.1 billion for the fiscal year 2018. The total amount is a 6 percent increase from the emirate’s 2017 budget and focusses on several strategic objectives and indicators within the economic, ...

DUBAI / WAM HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Expo 2020 Dubai Higher Committee, Chairman of Dubai Civil Aviation Authority and Chief Executive of Emirates Group, laid the foundations for the UAE Pavilion at Expo 2020 Dubai on Sunday. The ceremony, also included the signing of the official agreement for the UAE’s participation in the Expo, ...

ABU DHABI / WAM The Dubai Financial Market (DFM) on Sunday launched the Regulated Short Selling (RSS) service following the completion of all regulatory, technical and procedural preparations. The service is part of DFM’s efforts to provide market participants with new tools to further strengthen their trading activities, better utilise their resources, and further enhance market liquidity. The RSS service ...

DUBAI / Emirates Business Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, signed a three-year alumina supply agreement with Vinacomin, a Vietnamese state-owned firm. Under the agreement, Vinacomin will supply EGA with up to 300,000 tonnes of alumina per year. Alumina is the feedstock for aluminium smelters. The deal is the first long-term ...