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,
Turkish Airlines added Strasbourg to the list of its destinations in France. Turkish Airlines, flying to more countries than any other airline in the world, has launched direct flights again to Strasbourg, starting from May 31st, 2019,
Qantas Airways, which hopes to buy planes this year for record-breaking 21-hour flights between Sydney and London has two hurdles left to overcome: getting pilots and Australia’s aviation regulator to agree to unprecedented duty times. Airlines around the world are planning
Nissan Motor Co outlined a new plan on Thursday to become a smaller, more cost-efficient carmaker after the coronavirus pandemic exacerbated a slide in profitability that culminated in its first annual loss in 11 years.
As demand disruption and supply chain issues will severely impact revenue growth in the consumer businesses, it is likely to create investment opportunities for private equity (PE) firms, according to a Crisil report.
DP World has announced the completion of the early stages of the integration with TradeLens, a blockchain-based digital container logistics platform, jointly developed by A.P. Moller - Maersk and IBM.