On Friday, IAG, the owner of British Airways said, during the first quarter of this year, it saw a strong recovery in business travel and that it expects to be profitable from the second quarter onwards for the full year…. Read More ›
recovery
Singapore, Indonesia sign extradition treaty, defense agreements
In a significant development, Singapore and Indonesia have signed a bilateral extradition agreement aimed at bringing to justice those who have been accused of stashing offshore billions of dollars in state money. The two countries also signed bilateral agreements covering… Read More ›
Germany aims to attract 400,000 qualified workers from overseas to manage labor imbalance
German aims to attract 400,000 qualified workers from overseas every year in order to mitigate a demographic imbalance and labour shortages in key sectors that risk undermining the recovery from the coronavirus-induced COVID-19 pandemic. “The shortage of skilled workers has… Read More ›
Poland to provide $380M in subsidies midst hike in energy prices
On Friday, in a statement Polish Climate Minister said, Poland will provide an additional $380 million (1.5 billion zlotys) subsidies to consumers following a hike in energy prices. Benchmark European gas prices have risen sharply following tightening of gas supplies… Read More ›
Britain eases COVID-19 testing rules from low risk countries
In a statement the British government said, starting from October 24, fully vaccinated passengers arriving in the country from low-risk countries will no longer have to take COVID-19 tests. In September, the government had simplified rules for international travel to… Read More ›
Honeywell International raises outlook for business jet deliveries from 2022 to 2031
Honeywell International Inc has raised its outlook for business jet deliveries, underscoring the aviation sector’s recovery from the COVID-19 pandemic. The travel industry is gradually recovering following easing of travel restrictions. U.S. based Honeywell International has forecast up to 7,400 new… Read More ›
Unless governments harmonize disjointed border rules aviation industry could slip into recession: IATA
In a significant development, following the wrapping up of the first meeting of global airlines, the International Air Transport Association (IATA), said confusion over air travel restrictions is holding back the sector’s fragile recovery from the Coronavirus-induced COVID-19 pandemic which… Read More ›
Travel sector recovering from COVID-19 pandemic: Holiday company TUI Group
On Thursday, in a statement the TUI Group said, the holiday travel sector is seeing a recovery from the COVID-19 pandemic. Following easing of travel restrictions in Britain, the holiday company saw a surge in bookings from Germany and continental… Read More ›
Air France KLM narrows losses, even as Delta variant looms ahead
Following an easing of coronavirus travel restrictions along with positive cash flow during the second quarter of this month saw Air France-KLM seeing the first signs of recovery as the airline group narrows down its losses. “Obviously the first quarter was… Read More ›
VISA reports 27% rise in total revenues to $6.13 billion in third quarter
Riding on the back with a boost in domestic spending, which has bounced back to close to pre-pandemic levels, and with international travel on the road to recovery with increased vaccinations across the globe, Visa Inc announced its quarterly profits which… Read More ›
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