Category - Business

CALC: Matt Corley Senior Vice President of Marketing

Hong Kong – 4 January 2017 − China Aircraft Leasing Group Holdings Limited (“CALC” or the “Group”, SEHK stock code: 01848), the largest independent operating aircraft lessor in China, is pleased to announce the appointment of Mr. Matt Corley as Senior Vice President of Marketing – North and South America with effect from 1 January 2017. Mr. Matt Corley, Senior Vice President of Marketing – North and South America of CALC This position aims to capture aircraft leasing demand in the...

Air Canada stock outperforms all North American airline peers in 2016

Air Canada provided a review of 2016 highlights as it prepares to celebrate its 80th anniversary year in 2017. “We had a highly satisfying year in 2016 on many fronts and at the start of this new year, in which we celebrate both Air Canada’s 80th anniversary and Canada’s 150th, I would like to thank our loyal customers, dedicated employees and invaluable business partners who have helped us achieve it,” said Calin Rovinescu, President and Chief Executive Officer...

ASUR: Total passenger traffic for December 2016 up 13.9 percent

Grupo Aeroportuario del Sureste, S.A.B. de C.V., the first privatized airport group in Mexico and operator of Cancun Airport and eight other airports in southeast Mexico, as well as a 50% JV partner in Aerostar Airport Holdings, LLC, operator of the Luis Muñoz Marín International Airport in San Juan, today announced that total passenger traffic for December 2016 increased by 13.9% when compared to December 2015. This announcement reflects comparisons between December 1 through December 31, 2016...

CALC delivers three A320 aircraft to Sichuan Airlines

China Aircraft Leasing Group Holdings Limited, the largest independent aircraft operating lessor in China, is pleased to announce that the Group has completed the deliveries of three Airbus A320 aircraft to Sichuan Airlines in December 2016. The transfer follows the transaction of three aircraft in 2015 and the signing of a further agreement at the beginning 2016 for three more, which were successfully delivered within the same year. Ms. Winnie Liu, Deputy Chief Executive Officer and Chief...

Turkish lira crashes to a record low after Istanbul terror attack

The value of the troubled Turkish currency, lira, has crashed to a record low against the US dollar due to growing security concerns after the Istanbul terror attack as well as a higher-than-expected inflation rate. The lira traded at 3.59 to one dollar on Tuesday, a further rate loss of 1.38 for the day after it collapsed earlier through the 3.6 lira ceiling, marking the first time on record that its value weakened that low against the American currency. The Turkish currency was thrashed...

Asia’s largest toys fair to open next week

The 43rd HKTDC Hong Kong Toys & Games Fair, the eighth HKTDC Hong Kong Baby Products Fair and the 17th Hong Kong International Stationery Fair are set to open at the Hong Kong Convention and Exhibition Centre (HKCEC) next week. Starting on 9 January and continuing through 12 January, the three fairs will feature more than 2,900 global exhibitors showcasing a dynamic range of innovative and high tech products. Hong Kong’s major export products, including toys, are still being affected...

Hong Kong Airlines to Launch Daily Service to Vancouver, Canada

Commencing on 30 Jun 2017, Hong Kong Airlines, an internationally-acclaimed full-service airline, will operate daily direct flight between Hong Kong and Vancouver by Airbus A330 aircraft. Canada is celebrating its 150th anniversary in 2017, fly to Canada to join the nation-wide festivals with Hong Kong Airlines at HK$3,700* up. Long accredited one of the world most livable cities, Vancouver in Canada is a year-round destination for all kinds of travelers, a mix of natural charm and bustling...

Lars Wagner to head Corporate Communication for Airport Berlin Brandenburg

As of January 1st Lars Wagner (42) will become Head of Corporate Communication at Flughafen Berlin Brandenburg GmbH (FBB) in Germany. He took on the position provisionally in May of the previous year. Lars Wagner will also continue to run the Press Office and to act as the company’s First Press Officer. He reports to Dr. Karsten Mühlenfeld, CEO of the airport company.

Tourism Branding a country: This is your slogan!

Tourism promotion is big business, so is tourism branding. Branding is the most important part of promoting a country.  Branding is expensive and this one liner can cost millions. Branding companies laugh their money all the way into their bank account. The United States slogan is a dull example: ” All Within Your Reach”. Comparing this slogan from around the world most have one in common. The common ground is, the branding slogan is terrible and often flat out stupid. Albania – Go...

Ireland Tourism 2016: Another record

Ireland can report another record year for travel and tourism in 2016. Ireland saw over 10 million visitors in 2016, making it a record-breaking year for Irish tourism, and according to Tourism Ireland, 2017 looks to be even better. In 2016, 10.5 million people visited the island, up almost 1.5 million from 2015, with tourists spending €5.4 billion while they were here, the Irish Times reports. It would make it another record year for this EU country. North America arrivals were up 18%, British...

Alitalia to cancel, reduce number of European operations

Italian flag carrier Alitalia announced that it will adjust a number of European operations effective February 1, 2017. These adjustments will result in number of service reductions and/or cancelations. Alitalia’s planned service adjustments: Rome Fiumcino – Bucharest – 12 weekly service canceled Rome Fiumcino – Marseille – Service reduced from 10 to 4 weekly Rome Fiumcino – Moscow Sheremetyevo – Service reduced from 2 to 1 daily Rome Fiumcino – Tel Aviv – Service...

Indians scramble to cash their savings before large notes become worthless

Indians have lined up outside banks across the country today to cash their savings, after large bills were pulled out of circulation by the government in a bid to boost the economy and fight corruption. Friday is the last day 500 and 1,000-rupee bank notes are regarded as legal tender in the country. On January 1, the notes will be worthless. All the 500 and 1,000-rupee bank notes in the country have a combined worth of $256 billion and comprise 86 percent of Indian cash in circulation. Indian...

Lufthansa welcomes fifth A320neo into its fleet

Yesterday evening, on 29 December, Lufthansa took delivery of anotherA320neo from Airbus. This means that, five aircraft of this model have been delivered to Lufthansa this year, as planned. The Transfer of Title of the new aircraft – with the registration D-AINE – took place yesterday on the Airbus business premises in Hamburg-Finkenwerder. Certification for use of transport and an operating license will be issued over the next few days; transfer of the aircraft to the ‘home...

Uganda: Call to Kill Elephants

Uganda’s Acholi Paramount Chief Rwot David Onen Acana II has come under severe criticism for threatening to kill elephant which stray from national parks and destroy crops in search of pastures. The Rwot was quoted in local media to have said: ‘It is very sad that after months of hard work and sweat, elephants come and destroy all the crops. I am writing a letter to President Museveni and the responsible bodies to notify them of my action that will soon start at any time. Acholis...

CALC to lease one Airbus A321neo to Hawaiian Airlines

China Aircraft Leasing Group Holdings Limited, the largest independent operating aircraft lessor in China, is pleased to announce that it has signed a lease agreement with Hawaiian Airlines for a long term lease of an Airbus A321neo aircraft. The aircraft is expected to be delivered in 2018. Hawaiian Airlines is CALC’s first customer in the Americas, marking another milestone for the Group’s global expansion. Since CALC began to tap into overseas markets in 2014, it has acquired airline clients...

Denmark officially scraps archaic bank check

The country that uses online payments for even the smallest transactions, Denmark, has officially scrapped the old-fashioned check, calling it outdated. Starting from January 1, Danes will only be able to cash checks at issuer banks. Checks were commonly used in the country up until the 1980s, but are now much less popular. Danes now use the national Dankort debit card or smartphone payment systems like MobilePay. “They had their time, but it’s over now,” Ann Lehmann Erichsen, a consumer...

European businesses: Brexit is a threat to European business community

The UK’s vote to leave the EU poses a threat to the European business community, according to new research conducted for RSM by the European Business Awards. The research asked almost 700 of Europe’s successful business leaders their views on Brexit. 41% think that the UK is now a less attractive investment destination and 54% believe Brexit poses a threat, compared to 39% who see it as an opportunity. Which aspect of the Brexit negotiation is most important to European businesses...

Air Austral and Air Mauritius among 7 bidders for stake in Air Madagascar

Indian Ocean airlines Air Austral and Air Mauritius are among seven remaining bidders for a stake of up to 49 percent in Madagascar’s ailing national airline. Others named in media reports from the capital Antananarivo, also the hub airport of the airline, include South African, Ethiopian Airlines and Kenya Airways, among others. Present large scale shareholders are the Madagascar government and Air France. Only recently it was announced that from February 2017 Air Madagascar will be in a...

Airbus postpones delivery of twelve A380 Superjumbo jets to Emirates Airline

Airbus announced that the delivery of twelve A380 Superjumbo jets to Emirates Airline will be postponed over the next two years, and added that the company would step up cost cutting efforts to minimize the impact of these delays. Airbus, whose main rival is US group Boeing, said six deliveries of the A380 would be postponed from 2017 to 2018, with another six postponed from 2018 to 2019, following an agreement between Emirates and engine maker Rolls Royce and a consecutive deal between Airbus...

Hilton to manage dual-branded hotel in Vietnam

Hilton today announced the signing of a management agreement with Victory Hotel Joint Stock Company, which is part of the BRG Group, for a 610-room dual-branded hotel. Owned by BRG Group, and to be managed by Hilton, the dual-branded property will feature Hilton Hanoi West Lake, with 240 rooms and suites, as well as 50 serviced residences and DoubleTree by Hilton Hanoi West Lake, with 320 rooms and suites. Both Hilton Hanoi West Lake and DoubleTree by Hilton Hanoi West Lake are scheduled to...

Qatar Airways celebrates a successful 2016

Qatar Airways is celebrating a successful year of continued growth achieved in 2016 through strategic network, fleet and partnership expansions. At a time when a number of airlines are downsizing, Qatar Airways continued to see strong growth and inaugurated 14 new destinations across its global network and welcomed 19 new aircraft to its fleet, taking the count to 192, as well as placing a record aircraft order to power future growth. Qatar Airways has made a number of strategic investments in...

Brexit fallout: UK global economic ranking to tank

Britain’s exit from the European Union will send the country from fifth place to eighth in the global economic ranking in the next 15 years, a new economic analysis has found. The country’s economic prospects will be damaged by Brexit’s negative impact on the value of the pound, analysts at the Center for Economic and Business Research (CEBR) found. The pound has dropped 18 percent against the US dollar and 10 percent against the euro since Britain voted to leave the EU on June 23. CEBR...

US Wedding Services industry expected to earn $72.1 billion in 2016

Increasing acceptance of cohabitation has caused a significant proportion of couples to postpone their nuptials over the past five years, posing a challenge to the Wedding Services industry. The strengthening economy has boosted wedding budgets, and IBISWorld estimates that consumers with deeper pockets will help drive industry demand. Over the five years to 2016, IBISWorld estimates that industry revenue has increased at an annualized rate of 3.2% to $72.1 billion, in line with a 1.6%...

Soft opening for DUKES Dubai

It’s not the famous Duke restaurant in Hawaii opening in Dubai. It’s also not an Outrigger Hotel, but a five-star hotel is to open its doors on 28th December adding a quintessentially British flavor to Dubai’s yuletide celebrations Dubai’s premium hospitality offering will receive a great British boost this month with the soft opening of DUKES Dubai on 28th December, delivering an upscale blend of cosmopolitan luxury, twinned with British charm and tradition. The five-star hotel is...

Miami, Buenos Aires, Sao Paulo from Doha: New freighter routes on Qatar Airways

Qatar Airways Cargo has announced that it will launch freighter operations to four new destinations in the Americas, starting 2 February 2017. Boeing 777 freighters will fly twice a week to the South American cities of Buenos Aires, Sao Paulo, Quito* and the North American city of Miami. The twice weekly freighter service will depart from Doha via Luxembourg, the cargo carrier’s European hub, with stops at Sao Paulo in Brazil, Buenos Aires in Argentina and Quito in Ecuador. On the return leg...

Sangfah Construction and Engineering engaged to build Phuket’s new beachside resort residences

Following the successful completion of the core foundation work on the Twinpalms Residences Montazure project by specialists SEAFCO Plc, the Executive Director of MontAzure, Mr. Setthaphol Boottho, has announced that the main contractor for the project is Sangfah Construction and Engineering Co., Ltd, a multi-faceted Thai construction firm with registered capital exceeding THB 500 million. “We are delighted to be working with such a distinguished and established industry name as Sangfah...

Nepal: Have an action packed 2017

Pankaj Pradhananga of Four Season Travel & Tours, in Kathmandu, Nepal is a special person with a positive outlook and a big heart.  Tourism and leadership is in his blood. His active participation to rebuild Nepal’s tourism industry after the terrible earthquake had been noticed around the world. His support to include inclusive tourism into the concept is not only unique, but it has been unheard of in the way Pankaj was able to structure it It pushed Nepal up to a welcoming...

Turkey deserves smaller scale tourism and a balanced 2017!

Angelique Tonnaer Kırkıl from Antalya, Turkey has this to tell eTN readers about 2016 and her hopes for 2017. Angelique is a founding partner of Triada.T TRIADA assists organizations, company or institution to add an international perspective to its activities, establish international partnerships and create new business and project opportunities. After her master in International Relations and Spanish philology at the Utrecht and Granada Universities, she worked 3 years with EU institutions in...

International Surrealism Now Art: The icing of the cake

Santiago Ribeiro from International Surrealism Now in Coimbra, Portugal  told eTN: A Look Back at the the attractions in the cities of Coimbra and Aveiro in Portugal. one will find plenty of art and culture. Backed Coimbra district, smashing through the Conimbriga ruins. The fall of this ancient Roman city it is one official mark of the Roman Empire end. Our artist community used the space to share its art with thousands of curious visitors from all over the world. Surrealism Now art exhibition...

Golf Ashes: Expanding throughout Australia and New Zealan

eTN Reader David Clifford from Luxury and More Travel in Nottingham, UK shared his views on 2016 with eTN: We’re grateful for so many long standing customers and friends throughout out our main markets of Australia and New Zealand who have been with us for up to 40 years. We’re expanding our golf holidays throughout Australia and New Zealand, as well as creating special packages and bespoke holidays for FIT’s and groups for the Ashes Cricket series in Australia from November...