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Airbus reduces A350 production
Airbus said on Thursday it was further cutting production of its marquee A350 jet on Thursday as it swung to a larger-than-expected second-quarter loss in the face of global pandemic.
The planemaker also said it hoped to avoid consuming cash before M&A and customer financing in the second half of the year after a q… read more
Boeing to end production of B747
Today, when announcing its 2nd quarter results, Boeing has confirmed it would delay the delivery of its first 777X until 2022. Also, Boeing has confirmed that 747 production would end in 2022.
The 787 production rate will be reduced to 6 per month in 2021. The 777/777X combined production rate will be gradually reduced to 2 p… read more
Uganda: Banks waive Merchants Surcharge for 6 months
Uganda Bankers Association (UBA) has launched the ‘No Merchant Surcharge’ Campaign dubbed “Pay with your Card @ No Extra Cost”. The campaign aims to raise awareness of the Card payment system. The campaign aims at eliminating the practice of merchants levying extra fees for electronic payments made using Point of Sale (POS) machine… read more
Nigeria: Travellers go to neighbouring countries to fly overseas
Nigerians who are desperate to travel to long-haul destinations now go to Benin Republic and Equatorial Guinea to catch international flights. Investigations by THISDAY reveal that these two countries did not close their borders because of coronavirus pandemic. Owing to this, THISDAY learnt that people travel b… read more
High pressure on Travel Agencies because of N26 Billion unused tickets
Travel agencies in Nigeria have renewed their call to the Federal Government to reopen the nation's airports for international operations to avoid the collapse of the downstream sector of the aviation industry.
There is still uncertainty over the resumption of international flights four months after the suspension by the gove… read more
Sterling Bank will invest N5bn to support Nigerian domestic tourism development
ATM Dubai: postponed to May 2021
In light of the changing global situation relating to the COVID-19 virus, the event organisers, Reed Exhibitions have continued to monitor the impact it is having not just on our industry, but on society in general. Many meetings took place with the Dubai World Trade Centre and have reviewed other options to organise an event in the last … read more
East Africa Airports COVID-19 Staff Training
East Africa Airports COVID-19 staff training on safety measures is being conducted with the aim being to equip them to handle passengers. This program is being happening at the busiest airports in East Africa following 3 months of closure and is being funded through the German Government. The East African Community (EAC) airports a… read more
German-owned Bank KfW keen to work with Somaliland
Somaliland is looking to widen ties with Germany in the development of infrastructure and foreign investment.
The two countries already have long-standing relationship particularly in agriculture water management and road development but according to Somaliland envoy to Kenya Bashe Omar, there are so many areas that are yet to be ex… read more
Seychelles: Former Tourism Minister as Running mate in upcoming election
The Seychelles' incumbent President, Danny Faure, has announced Former Minister of Tourism, Aviation, Marine, and Ports Maurice Loustau-Lalanne as his running mate for the upcoming presidential election. In a press communique on Thursday, the President's party, United Seychelles, said that the nomination was announced in a meeting of the executi… read more
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