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  Bloomberg Turkey’s Pegasus Airlines is accelerating a shift to more fuel-efficient A320neo planes ordered from Airbus Group SE as a spate of terrorist attacks in the country hurts demand and curbs revenue. The low-cost carrier, owned by Istanbul-based private equity firm Esas Holding AS, will start selling older Boeing Co. 737 jets following Turkey’s worst year for tourism in ...

  Bloomberg New York’s Idlewild Airport opened in the summer of 1948 on a former golf resort. This outpost at the southeastern edge of New York City became an aviation marvel in the late 1950s as several big airlines opened terminals with cutting-edge technology aimed at enhancing the passenger experience. “Its every feature bespeaks speed and function,” Life magazine wrote ...

  TOULOUSE / Reuters Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said. The deal will come after Iran, which had not directly purchased a Western-built plane in nearly 40 years, signed contracts ...

  Bloomberg Cathay Pacific Airways Ltd. shares dropped the most in three months after the carrier’s planned business revamp fell short on details, failing to soothe investor concerns over a slide in earnings. Changes at Asia’s biggest international airline “will start at the top” and the carrier will eliminate some positions as part of a review, with key changes taking ...

  Bloomberg American Airlines Group Inc. followed United Continental Holdings Inc. in announcing no-frills tickets that limit carry-on bags to those that fit under a seat, bolstering efforts to compete with fast-growing fare discounters. The new basic-economy tickets will go on sale Feb. 10 in select domestic markets, and the first flights will begin soon after, the Fort Worth, Texas-based ...

  Dubai / Emirates Business The most significant representation of leading F&B brands the MENA region has ever seen will soon be converging in Dubai, as more than 140 major international food and beverage producers come together at the new Power Brands segment at Gulfood 2017. Represented by a contingent of major food industry heavyweights including Unilever, Nestle, Del Monte ...

  Dubai / Emirates Business Mashreq, UAE’s leading financial institution announced on Saturday that it is the first bank in the region to offer its customers early access to Samsung Pay – a best in class and secure mobile payment service that works as a contactless credit or debit card. With the roll-out of Samsung Pay, Mashreq reinforces its position ...

  Dubai / Emirates Business Lieutenant General Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai and Chairman of the Board of Governors of Hamdan Bin Mohammed Smart University (HBMSU), has dedicated the University’s recent winning of Wharton-QS Stars Reimagine Education Award 2016 to HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai ...

  Sharjah / Emirates Business The Al Montazah Waterpark, Sharjah’s first-ever family leisure and entertainment destination and a UAE favourite, is preparing to witness large-scale expansion and development. The Sharjah Investment and Development Authority (Shurooq) has recently announced the commencement of the second phase of development, which is expected to introduce world-class facilities upon completion. The expansion plan aims to ...

  Sharjah / Emirates Business Storytelling, theatre and colour were the theme of the recent performance at the International Storytelling Festival, which is taking place at Al Noor Island, Sharjah’s popular tourist and recreational destination. Titled ‘A Palette of Stories’ the activity hosted, Italian directors Paola Balbi and David Bardy, British storyteller Michael Harvey, Singaporean narrator Kavina Ramachandran and Palestinian ...