Air France-KLM eyes capital options, US bookings surge
Air France-KLM is looking at raising fresh funds soon after completing a share issue earlier this year, bolstered by a positive trend in bookings since the United States announced a ...
Abu Dhabi’s Etihad Airways working on additional sustainable financing
Etihad Airways is working on what would be its third financing transaction linked to sustainable investment considerations, the Abu Dhabi government-owned airline’s treasurer said on Wednesday.
Environmental, social and ...
Ryanair expects Boeing MAX deal ‘will come our way eventually’
Ryanair (RYA.I) expects a large deal with Boeing (BA.N) on an order for the 737 MAX 10 “will come our way eventually” as cancellations put pressure on the US planemaker, ...
Tourism sector must focus on sustainability, stakeholders told
World Tourism Day with its theme this year of tourism for inclusive growth should be a call for the entire industry to renew itself, stakeholders in Cyprus said on Monday.
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British Airways to scrap Gatwick short-haul flights
British Airways said it was scrapping most short-haul operations at London’s no.2 airport Gatwick, blaming pilots for rejecting a plan to set up a new low-cost unit to better ...
Saudis enjoy Red Sea cruises as kingdom opens up tourism sector
Majed Sait and his wife are spending their honeymoon on a cruise in the turquoise waters off Saudi Arabia’s Red Sea coast, a voyage that is still a novelty ...
Aphrodite Hills named best luxury holiday accommodation in Paphos
The official results of the 6th annual Resort and Retreat Awards 2021 hosted by LUX Life magazine are in, with Aphrodite Hills Resort Ltd awarded Best Luxury Holiday Accommodation – Paphos District
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Cyprus Business Now
The Deputy Ministry of Tourism said that this year’s World Tourism Day’s theme of Tourism for Inclusive growth is fully aligned with Cyprus’ national tourism strategy for 2030.
“The ...
Leasing firms buy more planes than ailing airlines for first time
Aircraft leasing companies are for the first time buying more of the world’s passenger planes than airlines after the pandemic clobbered carriers around the world, senior industry executives said ...
British Airways owner not planning to tap shareholders for capital
British Airways owner IAG (ICAG.L) is not planning to raise billions of euros from shareholders to get the company through the extended COVID-19 crisis, its chief executive Luis Gallego ...
Ryanair ‘couldn’t care less’ about another Boeing order as it lifts growth target
Ryanair (RYA.I) lifted its five-year passenger forecast on Thursday, saying the delivery of an existing Boeing (BA.N) order and increased use of older aircraft would allow it to ...
Bahrain flights may help Cyprus attract Saudi tourists, says Perdios
The mooted deal for Bahrain’s national airline Gulf Air to use Larnaca airport as a hub for a number of international destinations has the potential to open up the ...
Paphos extends campaign to attract more domestic tourism
Following the success of its summer campaign to attract domestic tourism, the Paphos regional board of tourism announced that it will be extending its inbound tourism promotion for a further ...
Cyprus missing out on Schengen benefits, Paphos economy still reeling
Cyprus’ inability to join the group of Schengen countries has adverse effects on its economy, Paphos Chamber of Commerce and Industry (PCCI) chairman George Mais has said.
Speaking to the ...
August flights climb but still well below 2019 figures
Cyprus was sixth among EU nations for the decrease in commercial flights in August 2021 compared to 2019, with a slump of 23.8 per cent.
Although a considerable knock, the reduction was notably ...
Passengers down 71 per cent at Heathrow, asks for changes to travel rules
Britain’s biggest airport Heathrow said on Monday passenger numbers were still 71 per cent lower in August compared to the same month before the COVID-19 pandemic, as it demanded that ...
EU okays Alitalia successor and says it’s not liable for illegal aid
EU competition regulators on Friday gave the green light to a slimmed down successor to Alitalia and said the new state-owned airline was not liable for repaying 900 million euros ($1.1 billion) ...
EasyJet bid kicks off scramble for budget airline supremacy
Europe’s no-frills airlines are heralding a once-in-a-lifetime opportunity to grab market share from traditional carriers struggling to emerge from the pandemic, but each will have to overcome significant challenges ...
Transavia to boost flights to Cyprus as bookings return
Transavia, which flies to/from Cyprus from Amsterdam, is planning to boost its flights to twice per week in the winter, and once per day in the summer. This is ...
EasyJet rejects Wizz bid and raises $1.7 bln to go it alone
EasyJet (EZJ.L) has rejected a takeover approach from Wizz Air that would have created a low-cost airline to rival Ryanair, opting instead to raise $1.7 billion from shareholders and go ...
Invest Cyprus: Hospitality projects forge ahead on the island
Invest Cyprus sponsored The International Hospitality Investment Forum (IHIF), the leading annual conference for the global hotel industry which was hosted in Berlin from 1st – 3rd September.
George Campanellas, CEO ...
Ryanair leaves talks with Boeing over price dispute
Ryanair (RYA.I) has ended talks with Boeing (BA.N) on a major new order for Boeing 737 jets due to a disagreement over pricing, the Irish airline said on Monday.
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Turkish hotels to close early after UK ‘red list’ dashes hopes
When Britain announced Turkey would stay on its “red list” of travel destinations last week, Onur Arican decided to close his boutique hotel on the Aegean coast early this year ...
Cyprus Business Now
The public deficit has fallen by 0.2 per cent in the first seven months of the year, with preliminary fiscal results by the Cyprus statistical service showing a General Government deficit ...