Airlines have been restructuring their assets because of decreased traffic and high cost of operations, caused by the impact of the global financial crisis and turbulent fuel costs. Managing Director of British Airlines bmi, Peter Spencer, said some legacy airlines have resorted to using smaller aircraft, carrying fewer passengers, and using some part of their fleet for charter services.
Spencer said legacy carriers over all sales have plummeted 30% and they are expected to see traffic decline further. Passenger traffic has dropped between 10% and 15% and so airlines have cut their capacity of up to 15%. Spencer noted the Middle East travel trade is not as affected by the global financial crisis as the western world. He said it “is doing well as is evident from the growth in our operations, especially in Saudi Arabia, Syria, Jordan, Lebanon, and Egypt.
The Galata Tower was for a long time the tallest building in Istanbul at more than 65m. The Genoese built the circular tower in 1348 as part of their fortifications in Galata, just across the Golden Horn from the heart of Constantinople. It was built in the medieval style, capped with a conical roof. The Ottomans used it as a watchtower to spot fires. The cone on top collapsed in...
The Basilica Cistern, also called the Yerebatan (sunken) Palace, is one of Istanbul's most unique attractions. The name refers to a basilica which once stood at the heart of Constantinople. The cistern was built underneath by Emperor Justinian to provide water to the nearby palaces. It was connected via aqueduct. Allegedly more than 7,000 slaves worked on the construction.&...
Smaller park than the Weiner Prater, but unique in its own way. Home of the Vienna Boys' Choir....
This unique state-of-the-art showroom is full to the brim with the best acoustic guitars in town, handpicked by professional musicians right from the factories. Beautiful guitars, incredible effects, amazing amps and awesome keyboards of all leading brands of the world are available here at guaranteed lowest prices & after- sales services as compared to any shop in India. A true delight for bi...