Business and finance http://www.timesaerospace.aero/ en DHL Express announces annual price adjustments for 2023 in UAE http://www.timesaerospace.aero/news/business-and-finance/dhl-express-announces-annual-price-adjustments-for-2023-in-uae <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">“So far, 2022 has been another turbulent year with a volatile market environment challenging global trade. However, we have proven our ability to offer stable and reliable services to our customers globally,” said Geoff Walsh country manager, DHL Express UAE, “With the annual price adjustment, we are able to invest in our infrastructure and technology to ensure resilient, sustainable, and world-class customer solutions. It includes state-of-the-art aircraft and vehicles, expanding our hubs and gateways to meet increasing customer demand, and investing in green and more sustainable solutions, such as Sustainable Aviation Fuel and electric vehicles.”</span></span></p> </div> <div> <div>Posted date</div> <div><time datetime="2022-09-28T12:00:00Z">Wed, 28/09/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif">DHL Express has announced price adjustments that will take effect on January 1, 2023. The average increase in UAE will be 6.5 %, compared to 2022. </span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/middle-east-and-north-africa" hreflang="en">Middle East and North Africa</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-1" id="vote" data-drupal-selector="fivestar-form-1" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--2--description" id="edit-vote--2" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--2--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-p3p8tr9a5lmr3cgf4x6lvs4bbko97zmd6zs1ptpafj4" type="hidden" name="form_build_id" value="form-P3p8TR9A5Lmr3cGf4x6LVs4BbKO97ZMd6ZS1ptPafJ4" /> <input data-drupal-selector="edit-fivestar-form-1" type="hidden" name="form_id" value="fivestar_form_1" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-09/DHL.jpg" width="977" height="550" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Wed, 28 Sep 2022 10:32:15 +0000 eNethersole 65601 at http://www.timesaerospace.aero Boeing to pay $200 Million for misleading public about 737 Max jet http://www.timesaerospace.aero/news/business-and-finance/boeing-to-pay-200-million-for-misleading-public-about-737-max-jet <div property="schema:text"><p style="text-align:justify"><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The corporation’s fired CEO, Dennis Muilenburg, also agreed to pay fines set by the Securities and Exchange Commission (SEC) that stated Boeing and Muilenburg knew that part of the plane's flight control system was flawed and posed an ongoing safety concern yet told the public that the 737 MAX was safe to fly.&nbsp; The crashes led to the plane be grounded around the world for some 20 months, one of the longest groundings in aviation history.</span></span></span></p> <p style="text-align:justify"><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Robert A. Clifford, founder and senior partner of Clifford Law Offices who also serves as Lead Counsel in the pending litigation in federal district court in Chicago against Boeing in the second crash that took 157 lives, said in reaction to today’s news, “Muilenburg or anyone else who persuaded the government to keep the MAX 737 Boeing flying should be fully investigated for conduct that could be criminal in nature.”&nbsp; Clifford added, “That includes the government examining all communications made between parties at the corporation or to anyone outside of Boeing.” </span></span></span></p> <p style="text-align:justify"><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">It is reported that that Boeing and Muilenburg agreed to settle charges of violating the antifraud provisions of U.S. securities laws, but they did not admit or deny the SEC's allegations. Boeing agreed to pay a $200 million settlement, and Muilenburg agreed to pay $1 million. “Muilenburg’s $1 million payment is an insult to the families and this tokenism is reprehensible particularly in light of the $62 million golden parachute he reportedly received upon being fired following the company’s actions,” Clifford said.</span></span></span></p> </div> <div> <div>Posted date</div> <div><time datetime="2022-09-26T12:00:00Z">Mon, 26/09/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p style="text-align:justify"><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Boeing has agreed to pay $200 million in fines for misleading the public about the safety of its 737 MAX aircraft that crashed twice, leaving 346 people dead in 2018 and 2019, reports Clifford Law Offices.</span></span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/middle-east-and-north-africa" hreflang="en">Middle East and North Africa</a></div> <div><a href="/africa" hreflang="en">Africa</a></div> <div><a href="/south-asia" hreflang="en">South Asia</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-2" id="vote--2" data-drupal-selector="fivestar-form-2" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--4--description" id="edit-vote--4" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--4--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--2" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-7d9-njqiipa6vhjq-spuopoqrhlelooju59y-lfq3o" type="hidden" name="form_build_id" value="form-7D9-njqiiPa6VhjQ-sPuOpOqRHlelOOJu59y-_lfQ3o" /> <input data-drupal-selector="edit-fivestar-form-2" type="hidden" name="form_id" value="fivestar_form_2" /> </form> </div> </div> <div> <div>Top story</div> <div>On</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-09/737%20MAX.jpg" width="3024" height="4032" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Mon, 26 Sep 2022 11:40:41 +0000 eNethersole 65586 at http://www.timesaerospace.aero SpiceJet increases pilot salaries by 20% http://www.timesaerospace.aero/news/business-and-finance/spicejet-increases-pilot-salaries-by-20 <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">SpiceJet recently placed certain pilots on leave without pay (LWP) for a period of three months, as a temporary measure to rationalise costs.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="background:white"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:black">The airline said in a statement: "We will be inducting MAX aircraft shortly and these pilots will be back in service as the induction begins. During the LWP period, pilots will remain eligible for all other employee benefits as applicable that is all opted insurance benefits and employee leave travel.”</span></span></span></span></span></p> <p>&nbsp;</p> </div> <div> <div>Posted date</div> <div><time datetime="2022-09-22T12:00:00Z">Thu, 22/09/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">India’s budget carrier SpiceJet has announced a 20% salary hike for pilots from October.</span></span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/south-asia" hreflang="en">South Asia</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-3" id="vote--3" data-drupal-selector="fivestar-form-3" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--6--description" id="edit-vote--6" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--6--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--3" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-lasdhoxvsvbqpoplr0pfgvrp3nmgf5qoad2bkac66mm" type="hidden" name="form_build_id" value="form-laSdHoxvsVBQpOPLR0pfGVRp3Nmgf5qoaD2bkAC66MM" /> <input data-drupal-selector="edit-fivestar-form-3" type="hidden" name="form_id" value="fivestar_form_3" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-09/shutterstock_269504888.jpg" width="3792" height="2844" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Thu, 22 Sep 2022 10:41:06 +0000 eNethersole 65575 at http://www.timesaerospace.aero Air India to lease 25 Airbus and five Boeing aircraft http://www.timesaerospace.aero/news/business-and-finance/air-india-to-lease-25-airbus-and-five-boeing-aircraft <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The aircraft being leased include 21 Airbus A320neos, four Airbus A321neos, and five Boeing B777-200LRs. These aircraft, which will enter service from late 2022, will increase the airline's fleet by over 25 %.</span></span></span></p> <p>&nbsp;</p> </div> <div> <div>Posted date</div> <div><time datetime="2022-09-13T12:00:00Z">Tue, 13/09/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Air India’s owners, the Tata Group, has said the airline will lease 25 Airbus narrow-body aircraft and five Boeing wide-body aircraft to increase its existing fleet.</span></span></span></p> <p>&nbsp;</p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/south-asia" hreflang="en">South Asia</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-4" id="vote--4" data-drupal-selector="fivestar-form-4" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--8--description" id="edit-vote--8" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--8--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--4" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-el7ydwy9ebp-6xoljbovvbyfxxbctrhembf2tgxt5qk" type="hidden" name="form_build_id" value="form-El7YdwY9EBp_6XoljbOVvbyfxXBctRhemBF2TgxT5Qk" /> <input data-drupal-selector="edit-fivestar-form-4" type="hidden" name="form_id" value="fivestar_form_4" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-09/shutterstock_370133462%20%281%29.jpg" width="2500" height="1667" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Tue, 13 Sep 2022 12:55:59 +0000 eNethersole 65538 at http://www.timesaerospace.aero Akasa Air increases pilot salaries http://www.timesaerospace.aero/news/air-transport/akasa-air-increases-pilot-salaries <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="background:white"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:black">The airline said this is likely to set off salary increases at other carriers to ensure they have enough pilots as air traffic recovers amid fleet expansion and Gulf carriers embarking on a hiring spree.</span></span></span></span></span></span></p> </div> <div> <div>Posted date</div> <div><time datetime="2022-09-12T12:00:00Z">Mon, 12/09/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:15.0pt"><span style="background:white"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:black">India’s Akasa Air is increasing its pilot salaries following salary cuts from the pandemic.</span></span></span></span></span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/middle-east-and-north-africa" hreflang="en">Middle East and North Africa</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-5" id="vote--5" data-drupal-selector="fivestar-form-5" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--10--description" id="edit-vote--10" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--10--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--5" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-2n-yn-vgplf8hocuotusim1uzraeddvr7wi14sk8hvq" type="hidden" name="form_build_id" value="form-2n-yN-vgPLf8hoCuotuSIM1UZRaeDDVr7wi14sK8HvQ" /> <input data-drupal-selector="edit-fivestar-form-5" type="hidden" name="form_id" value="fivestar_form_5" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-09/akasa_air_livery_crop.jpg" width="1280" height="720" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Mon, 12 Sep 2022 07:54:21 +0000 eNethersole 65523 at http://www.timesaerospace.aero Saudi Arabia to launch new airline http://www.timesaerospace.aero/news/business-and-finance/saudi-arabia-to-launch-new-airline <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The airline, set to launch in Q4, is part of the country’s $100 billion tourism investment.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">A CEO is yet to be appointed.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The new airline will become Saudi’s second national carrier, based out of Riyadh. The current Saudia operates from Jeddah.</span></span></span></p> </div> <div> <div>Posted date</div> <div><time datetime="2022-09-01T12:00:00Z">Thu, 01/09/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Saudi Arabia has announced it is to launch a new airline tipped to be called ‘RIA’.</span></span></span></p> <p>&nbsp;</p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/middle-east-and-north-africa" hreflang="en">Middle East and North Africa</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-6" id="vote--6" data-drupal-selector="fivestar-form-6" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--12--description" id="edit-vote--12" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--12--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--6" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-wqnm78cefwqk1rbq-pu2b8aiopdjx652-z-zdslvvsk" type="hidden" name="form_build_id" value="form-WQNm78CEFWqk1Rbq_Pu2B8aiOPDjX652_Z-zdsLVVsk" /> <input data-drupal-selector="edit-fivestar-form-6" type="hidden" name="form_id" value="fivestar_form_6" /> </form> </div> </div> <div> <div>Top story</div> <div>On</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-09/Saudia.jpg" width="1280" height="720" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Thu, 01 Sep 2022 14:08:37 +0000 eNethersole 65491 at http://www.timesaerospace.aero Kenya Airways maintains steady path to recovery http://www.timesaerospace.aero/news/business-and-finance/kenya-airways-maintains-steady-path-to-recovery <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The Group's total revenue stood at Kshs 48,104 million, recording a 76% increase compared to the same period last year. This increase is mainly attributed to a significant growth in passenger revenue which grew by 109%, and cargo revenue which increased by 18%. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">During the first half of 2022, operations were positively impacted by pent-up demand and the removal of travel restrictions, resulting in a strong and sustained recovery in trading performance compared to a similar period in the prior year. </span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">KQ uplifted a total of 1.61 million passengers during the period, an 85% improvement compared to the prior year's 0.87 million passengers. This, however, remains 33% lower than the pre-pandemic period of 2019. Cargo tonnage increased by 39% compared to the same period in 2021, demonstrating continuous outstanding growth in air freight services.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Kenya Airways Board Chairman Michael Joseph said: "The opening of borders worldwide has led to quick rebounds in some key markets. Lingering travel restrictions in some markets have limited the recovery. It is also important to note that these results were further affected by the high price of aviation fuel which is over 65% more than last year. If we adjusted for the fuel price spike, the operating profit for the period would have been Kshs 1.5B."</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The International Air Transport Association is confident global airline passenger numbers will reach 83% of pre-pandemic figures in 2022, and the aviation industry's recovery to profitability will be within sight despite ongoing uncertainties. Strong demand, lifting travel restrictions in most markets, low unemployment in most countries, and expanded personal savings are fuelling a resurgence in demand that will see industry revenues reach USD782 billion, an increase of 54.5% year-on-year and representing 93.3% of 2019 levels.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Kenya Airways Group managing director and CEO Allan Kilavuka said: "The industry is experiencing recovery. Our focus is to ensure that we strengthen our operational resilience through innovation and diversification to deliver great and reliable services to our customers. We have transformed the airline during the pandemic, enabling us to emerge with renewed strength, underpinned by a product, network and service that customers value."&nbsp;&nbsp;&nbsp; </span></span></span></p> </div> <div> <div>Posted date</div> <div><time datetime="2022-08-25T12:00:00Z">Thu, 25/08/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Kenya Airways has released its Half Year financial results for the six months ending June 2022.</span></span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/africa" hreflang="en">Africa</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-7" id="vote--7" data-drupal-selector="fivestar-form-7" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--14--description" id="edit-vote--14" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--14--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--7" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-rdwvwefvijccapxyyy0nfqhqzbq12hyc298xnxed790" type="hidden" name="form_build_id" value="form-rDWvwEfviJccaPxyyy0NfQHqZBQ12Hyc298xNXed790" /> <input data-drupal-selector="edit-fivestar-form-7" type="hidden" name="form_id" value="fivestar_form_7" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-08/Kenya%20Airways.jpg" width="1280" height="720" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Thu, 25 Aug 2022 11:02:03 +0000 eNethersole 65460 at http://www.timesaerospace.aero Etihad appoints Rassure to automate its sales audit process. http://www.timesaerospace.aero/news/business-and-finance/etihad-appoints-rassure-to-automate-its-sales-audit-process <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">This will allow Etihad to discover multiple times more revenue than legacy, semi-automated service providers.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">The collaboration will assist Etihad in recovering revenues to high levels of accuracy and with short turnaround times, making a positive impact on cash flows. As a special feature, this “out of the box” tool also enables Etihad to rerun the audit at will, simulating various “What if” scenarios to inform strategic business decisions.</span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">“Etihad is a trailblazing airline which looks forward to digitising its processes to improve efficiencies and strengthen its profitability,” said Vikram Joshi, Vice President and Head of Sales from Rassure.</span></span></span></p> </div> <div> <div>Posted date</div> <div><time datetime="2022-08-22T12:00:00Z">Mon, 22/08/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Rassure, a revenue rescue service provider, has been selected by Etihad to support the airline in automating its sales audit process. </span></span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/middle-east-and-north-africa" hreflang="en">Middle East and North Africa</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-8" id="vote--8" data-drupal-selector="fivestar-form-8" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--16--description" id="edit-vote--16" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--16--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--8" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-vhbonsen-j6mujju935kdygobryr8lcgzmmyaczkvhi" type="hidden" name="form_build_id" value="form-VhBoNSEn_J6MUjJU935KDYgoBryR8lCGZMMYAczkvhI" /> <input data-drupal-selector="edit-fivestar-form-8" type="hidden" name="form_id" value="fivestar_form_8" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-08/Etihad%20A380_0.jpg" width="920" height="616" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Mon, 22 Aug 2022 09:17:36 +0000 eNethersole 65446 at http://www.timesaerospace.aero Akasa Air looking to place ‘significant’ order in next 18 months http://www.timesaerospace.aero/news/business-and-finance/akasa-air-looking-to-place-significant-order-in-next-18-months <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="background:white"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:black">He said: “Akasa Air is a well-capitalised airline with the financial means to induct 72 aircraft over the next five years. In fact, our financial platform is strong enough to allow Akasa to place an aircraft order in the next 18 months that will be significantly larger than our first. In simple terms, our growth is secure.”</span></span></span></span></span><br /> &nbsp;</p> </div> <div> <div>Posted date</div> <div><time datetime="2022-08-18T12:00:00Z">Thu, 18/08/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="background:white"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:black">The CEO of Akasa Air, Vinay Dube, has said the Indian carrier is looking to place an aircraft order in the next 18 months that is “significantly larger” than its first purchase of 72 Boeing aircraft.</span></span></span></span></span></p> <p>&nbsp;</p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/south-asia" hreflang="en">South Asia</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/air-transport" hreflang="en">Air transport</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-9" id="vote--9" data-drupal-selector="fivestar-form-9" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--18--description" id="edit-vote--18" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--18--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--9" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-q-aw7vag-cyfinx8dxk-a2kap-rdl727kjerduuelfg" type="hidden" name="form_build_id" value="form-q_Aw7vag-cyFInx8Dxk-A2KAP_rdl727KJerduUELFg" /> <input data-drupal-selector="edit-fivestar-form-9" type="hidden" name="form_id" value="fivestar_form_9" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-08/akasa_air_livery_crop_0.jpg" width="1280" height="720" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Thu, 18 Aug 2022 09:49:15 +0000 eNethersole 65437 at http://www.timesaerospace.aero Emirates to spend $2 Billion improving its soft product http://www.timesaerospace.aero/news/aircraft-interiors/emirates-to-spend-2-billion-improving-its-soft-product <div property="schema:text"><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="background:white"><span style="font-family:&quot;Arial&quot;,sans-serif"><span style="color:#181818">The investment will retrofit 120 aircraft with the latest interiors, and as the programme rolls out, passengers can expect to see upgrades in the onboard food offering, IFE options, inflight service, and improved cabins.</span></span></span></span></span></p> <p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">"While others respond to industry pressures with cost cuts, Emirates is flying against the grain and investing to deliver ever better experiences to our customers," says Emirates President Sir Tim Clark. "Through the pandemic, we've continued to launch new services and initiatives to ensure our customers travel with assurance and ease, including digital initiatives to improve customer experiences on the ground. Now we're rolling out a series of intensive programmes to take Emirates' signature inflight experiences to the next level."</span></span></span></p> <p>&nbsp;</p> </div> <div> <div>Posted date</div> <div><time datetime="2022-08-11T12:00:00Z">Thu, 11/08/2022 - 12:00</time> </div> </div> <div> <div>First paragraph</div> <div><p><span style="font-size:12pt"><span style="font-family:Calibri,sans-serif"><span style="font-family:&quot;Arial&quot;,sans-serif">Emirates has said it will invest $2 Billion to refurbish its cabins and offer new menus to improve its soft product.</span></span></span></p> </div> </div> <div> <div>Regions</div> <div> <div><a href="/middle-east-and-north-africa" hreflang="en">Middle East and North Africa</a></div> </div> </div> <div> <div>Other topics</div> <div> <div><a href="/business-finance" hreflang="en">Business and finance</a></div> </div> </div> <div> <div>Rate</div> <div><form class="fivestar-form-10" id="vote--10" data-drupal-selector="fivestar-form-10" action="/taxonomy/term/11/feed" method="post" accept-charset="UTF-8"> <div class="clearfix fivestar-average-text fivestar-average-stars fivestar-form-item fivestar-basic"><div class="js-form-item form-item js-form-type-fivestar form-item-vote js-form-item-vote form-no-label"> <div class="js-form-item form-item js-form-type-select form-item-vote js-form-item-vote form-no-label"> <select class="vote form-select" data-drupal-selector="edit-vote" aria-describedby="edit-vote--20--description" id="edit-vote--20" name="vote"><option value="-">Select rating</option><option value="20">Give it 1/5</option><option value="40">Give it 2/5</option><option value="60">Give it 3/5</option><option value="80">Give it 4/5</option><option value="100">Give it 5/5</option><option value="0">Cancel rating</option></select> <div id="edit-vote--20--description" class="description"> <div class="fivestar-summary fivestar-summary-average-count"><span class="empty">No votes yet</span></div> </div> </div> </div> </div><input style="display:none" data-drupal-selector="edit-submit" type="submit" id="edit-submit--10" name="op" value="Rate" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-mevvyv66k6cbmmdx6exzs-fhswp91c3astqpk1jzupk" type="hidden" name="form_build_id" value="form-MEVVyv66K6CbMMdX6Exzs_fhsWp91C3asTQpK1jZUpk" /> <input data-drupal-selector="edit-fivestar-form-10" type="hidden" name="form_id" value="fivestar_form_10" /> </form> </div> </div> <div> <div>Top story</div> <div>Off</div> </div> <div> <div>Article main topic</div> <div><a href="/aircraft-interiors" hreflang="en">Aircraft interiors</a></div> </div> <div> <div>Redirected</div> <div>Off</div> </div> <div> <div>Moved to features</div> <div>Off</div> </div> <div> <div>Lead image:</div> <div> <img property="schema:image" src="/sites/aerospace/times/files/2022-08/emiratesairbusa380-2.jpg" width="1200" height="1200" alt="" loading="lazy" typeof="foaf:Image" /> </div> </div> <div> <div>New batch</div> <div>Off</div> </div> Thu, 11 Aug 2022 15:16:34 +0000 eNethersole 65415 at http://www.timesaerospace.aero