Passengers at Lufthansa check-in counter in Munich airport, Germany. Reuters
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,
Norwegian Air filled more seats on its planes and earned higher revenues per customer in April while dealing with the grounding of its 18 Boeing 737 MAX aircraft, it said, sending the company’s shares sharply higher in early trade. The company said last month that the global grounding of 737 MAX jets,
The British Airways owner IAG reassured investors with profits in line with expectations despite a tough fuel and trading environment, which has hit other airlines. Rivals such as EasyJet and Lufthansa have reported losses for the early months of 2019, but IAG said first quarter operating profit was 135 million euros ($152 million)
Sultan Bin Saeed Al Mansouri, Minister of Economy, stated that China is the UAE’s leading trade partner in terms of non-oil commodities, accounting for 9.7 per cent of its total non-oil trade in 2018, valued at over $43 billion.
Pearl Initiative recently signed a Memorandum of Understanding (MoU) with the Tharawat Family Business Forum in a bid to promoting higher standards of corporate and family governance, and to support the longevity and sustainability
Dubai Land Department (DLD) has launched the Manzili initiative within the framework of a strategic partnership between public and private sectors to develop Dubai’s real estate market. It also comes under the patronage of DLD