Cabin crew of Qantas at an airport in Perth, Australia. Agence France-Presse
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.
Lufthansa reported an operating loss of 336 million euros ($380 million) for the first quarter of the year, hurt by rising fuel costs and overcapacity in Europe, sending its shares down 5 per cent in pre-market trade. Germany’s biggest airline said late on Monday
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,
The Vietnam-UAE Trade and Investment Forum kicked off in Hanoi on Tuesday in the presence of Eng. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy; and Tran Tuan Anh, Minister of Trade and Industry of Vietnam,
The world economy is changing at an unprecedented rate. The forces of globalisation and technological progress are altering the way that people all over the planet make a living. Some countries, especially in the emerging world,
Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has unveiled its revamped Market Access programme which pairs leading companies in the UAE with startups that offer innovative solutions addressing their key challenges.