Airline

Airlines Restructure Assets

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.

More Airline
Big jump in international passengers for Saudi Airlines
flydubai will fly to Tashkent from 11 March 2019
New Istanbul airport starts operations
Latest Travel News
Multiple Langham Hotels named in 2020 Re...
Swiss Belhotel to open 4 new hotels in t...
Abu Dhabi and Wizz Air announce establis...
Featured Sights To See
International Museum of the Red Cross and Red Crescent

International Museum of the Red Cross and Red Crescent

Geneva, Switzerland

This is reputed as being one of the most visited museums in all of Geneva. This museum features the constant struggle of the world's humanitarian organizations, from their initial primitive stages to the modern, well-developed movements of today. The museum also offers a multi-media experience that is quite unique and informative, providing news and video footage of current issues.   Locati...

Gibran Khalil Gibran Garden

Gibran Khalil Gibran Garden

Beirut, Lebanon

Named after the renowned Lebanese-American writer and artist, this garden is a vast verdant expanse in the center of Beirut. There are two circular lawns with trees around a water fountain. A platform looks out onto the garden. Six obelisks are part of the formal landscaping. A bust of Gibran and abstract sculptures by contemporary Lebanese artists also adorn the square. This garden is popular...

National Theater

National Theater

Munich, Germany

Munich's opera history began in 1651 and since then has seen performances, including thoseof Verdi, Cavalli, Mozart, Beethoven, Wagner and Strauss. These composers make up a great share of today's programs. The Bavarian State Opera presents over 350 performances a year. Timings: Mon-Fri 10.00 -18.00, Sat 10.00 -13.00 Advance sale commences one month before the performance Tel: ...

Zsigmond Kun Folk Art Collection

Zsigmond Kun Folk Art Collection

Budapest, Hungary

Be prepared for lengthy and detailed descriptions from the staff at this museum as they are very proud of their collection! Put together by a wealthy ethnographer, a lot of the pottery is from Mezotur near the Tisa River but there are some Transylvanian furniture and textiles on display too. Address: III Fo ter 4 Tel: 366 1138 Times: Tue-Fri 2-6pm, Sat and Sun from 10am Prices: adult/chi...