Passengers wait to board a Ryanair flight at Gatwick Airport in London, Britain. Reuters
SriLankan Airlines, the National carrier of Sri Lanka and a member of the reputed oneworld alliance, commemorated Vasak at its home base, Bandaranaike International Airport (BIA), Colombo recently.
Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry’s main global body said, while predicting a modest recovery next year.
The German government and Lufthansa, which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout.
Sharjah Asset Management (SAM), the investment arm of the Sharjah government, has announced the launch of a new company through its partnership with the largest engineering consulting firm in Malaysia (CHSS).
The Dubai Financial Market (DFM) on Sunday announced that it is reopening its Trading Floor and Customer Affairs counters for investors as of Tuesday, July 7, 2020, with the strict implementation of precautionary measures for the safety of clients and employees.
Dubai’s ease of doing business is expected to improve further following the Dubai Chamber of Commerce and Industry’s announcement that it is cooperating with the Dubai Airport Freezone Authority (Dafza) to connect the digital services of both organisations.
India’s major automobile players reported a sequential uptrend in June, as the rate of sales de-growth decelerated. According to analysts, two-wheelers and tractors off-take on a sequential basis in June showed narrowing of the de-growth rate.