Passengers at Lufthansa check-in counter in Munich airport, Germany. Reuters
For a year expected to mark a turning point for pandemic-stricken European airlines, 2021 is off to a rough start. A resurgence of COVID-19 lockdowns has killed off a fragile bookings upturn, executives and analysts said,
Lufthansa's biggest shareholder, German billionaire Heinz Hermann Thiele, criticised the 9 billion euro ($10.1 billion) bailout, saying he had raised his stake in Lufthansa to over 15% and hoped alternative options could be explored.
Hong Kong flag carrier Cathay Pacific announced on Wednesday that it will buy budget airline HK Express for US$628.15 million, as it moves to counter competition from the increasing number of low-cost carriers in the region.
The Sharjah Airport on Thursday received Turkish Airlines’ inaugural flight from Istanbul. Starting in April, the airline will operate a daily flight to Sharjah from Istanbul’s new airport. The aircraft was welcomed with a traditional water salute, and a reception was held for the airline’s officials in the presence of Ali Salim Al Midfa, Chairman of Sharjah Airport Authority,
Expo 2020 Dubai has unveiled Hammour House, its one-of-a-kind community art project, at an exclusive preview attended by Sheikh Nahyan Bin Mubarak Al Nahyan,
Khaled Mohamed Balama, Governor of the Central Bank of the UAE (CBUAE), has affirmed the bank’s assessment of financial stability
Ranked seventh of the Top 10 MENA startup ecosystems by ‘Performance’, the emirate of Sharjah has been recognised by the 2021