airline

Qatar Airways CEO: Building A Dream

By Leila Hatoum Time is in short order when you are pushing your country’s national carrier forward in a fiercely competitive, global industry, as well as spearheading the building of the world’s “most unique airport,” while trying to find new ways to serve your passengers. Sitting at one of eight private lush retreat rooms in

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Pakistan Shelves Plan to Privatize Power Firms, But Approves New Loan

By Mehreen Zahra-Malik ISLAMABAD, Feb 4 – Pakistan has shelved plans to privatize its power supply companies and will miss deadlines to sell other loss-making state firms, reneging on promises it made to the IMF in return for a $6.7 billion bailout three years ago. Two government officials with direct knowledge of the situation said

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Most Flights of Pakistan’s Strike-Hit National Carrier Grounded

ISLAMABAD, Feb 3  – Most flights by Pakistan’s ailing national airline were grounded on Wednesday, a company spokesman said, as striking employees disrupted operations to protest against a government privatization plan. The strike is the latest in a months-long series of protests against the plan to sell off part of Pakistan International Airlines (PIA), among

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Airline Profits to Hit Record Levels on Low Oil

GENEVA, Dec 10 (Reuters) – Low oil prices and healthy demand for travel will boost airline profits again in 2016, the International Air Transport Association said on Thursday. IATA, which represents almost 260 airlines accounting for 83 percent of global air traffic, said net profits would reach record levels of $36.3 billion in 2016 after

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Egypt Stands to Lose $280m per Month From Flight Suspensions

CAIRO, Nov 11 Egypt stands to lose 2.2 billion Egyptian pounds ($280 million) a month from Britain and Russia’s decision to suspend flights after the Russian plane crash in the Sinai Peninsula, Tourism Minister Hesham Zaazou said on Wednesday. Britain stopped flights to Sharm Al Sheikh four days after the passenger plane crashed shortly after

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Russian Jet Broke Up in Mid Air, Too Early to Draw Conclusions: Official

CAIRO/MOSCOW Nov 2 (Reuters) A Russian airliner that crashed in Egypt’s Sinai Peninsula broke up in mid-air, an official of a Moscow-based aviation agency said on Sunday after visiting the disaster site, but stressed it was too early to draw conclusions from this. Russian authorities also ordered Kogalymavia airline, operator of the Airbus A321 which

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