Lufthansa will consider raising its stake in Italy’s ITA Airways to 90%, starting from early next year, the CEO of the German airline said in an interview to international media. Carsten Spohr was speaking after his company won EU antitrust approval to buy 41% of state-owned ITA for 325 million euros ($350 million). “For us,
Congestion at Singapore’s container port is at its worst since the COVID-19 pandemic, a sign of how prolonged vessel re-routing to avoid Red Sea attacks has disrupted global ocean shipping — with bottlenecks also appearing in other Asian and European ports. Retailers, manufacturers and other industries that rely on massive box ships are again battling
Oman is planning to launch a new low-cost airline and interested companies have time till the first week of August to express their interest in obtaining an operating licence from the Sultanate of Oman. Apart from plans for developing six new airports, the Civil Aviation Authority (CAA) also seeks to encourage more airlines to operate
The global air cargo rates are holding firm during what is traditionally a quieter period for the market, boosted by continuing strong demand and high spot rates from Asian and Middle Eastern origins, according to the latest weekly figures and analysis from WorldACD Market Data. Although total worldwide tonnages in the last full week (week
Bayanat, a specialist in artificial intelligence-powered geospatial and smart mobility solutions, and autonomous vehicle (AV) technology provider Oxa, are forming a strategic partnership to advance the development and deployment of autonomous vehicle solutions in the UAE and beyond. This collaboration is supported by the Abu Dhabi Investment Office (ADIO) under its Smart and Autonomous Vehicle
Dubai-based global ports operator DP World plans to invest $3 billion in the next three to five years in building new port infrastructure across Africa, international media reported. The logistics and supply chain cost across Africa is very high relative to other global markets, DP World’s CEO and Managing Director for sub-Saharan Africa Mohammed Akoojee
A wealthy Emirati businessman has scrapped plans to launch a new television channel in Lebanon, with his company alleging he and his staff had faced physical threats. Khalaf Ahmad Al Habtoor’s Dubai-based Al Habtoor Group conglomerate announced recently it had cancelled the launch of the television channel, which aimed to initially broadcast cultural, social and
A USA appeals court has rejected a bid by Uber and subsidiary Postmates to revive a challenge to a California law that could force the companies to treat drivers as employees rather than independent contractors who are typically less expensive. An 11-judge panel of the 9th USA Circuit Court of Appeals in San Francisco upheld
Airlines are showing more interest in turbulence prediction technology after two headline-grabbing incidents in recent weeks, but are holding back from making passengers stay in seatbelts at all times, according to global airline body IATA. A dramatic loss of altitude on a Singapore Airlines flight last month led to dozens of injuries and the first
Messe Frankfurt Middle East, the organisers of Logimotion, a pioneering new event for the international logistics industry, held an advisory board meeting last week to outline the key priorities for the upcoming event, which will take place from December 10-12 at the Dubai World Trade Centre. According to research, Dubai’s logistics industry is a significant
