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
Millennium Bridge

Millennium Bridge

London, United Kingdom

This pedestrian bridge has become a landmark of twenty-first century London.  The 330m long bridge connects the City of London with Bankside, and crosses from St. Paul’s Cathedral to the Tate Modern art gallery.  Completed in 2000, it was the first pedestrian crossing of the Thames built in more than a century.  Unfortunately, engineers failed to account for the lateral oscillatio...

Mohatta Palace and Museum

Mohatta Palace and Museum

Karachi, Pakistan

This palace was built by a Hindu businessman by the name of Shivratan Chandraratan Mohatta in the 1920's. The building is constructed out of special pink stones from Jodhpur and the common yellow stones. It housed the offices of the Foreign Affairs ministry after the founding of Pakistan. It was soon given under the care of Fatima Jinnah, sister of the Quaid, but after her death it fell into negle...

Standard Bank Gallery

Standard Bank Gallery

Johannesburg, South Africa

The Standard Bank Gallery is the home of the African art collection of the Standard Bank, and it has the highest quality local and international exhibitions in the city.   Address: Corner of Simmons and Frederick Streets, City Centre Telephone: +27 (0)11 631 1889 Website: http://www.standardbankgallery.co.za/ Opening hours: Mon-Fri 0800-1630, Sat 0900-1300  ...

Bagh-e-ibn-e-Qasim and Beach Park

Bagh-e-ibn-e-Qasim and Beach Park

Karachi, Pakistan

Constructed along 3.7 kilometers of coast, and spread over 80 acres of land, this park is reputed to be the largest park in Asia. Needless to say, it adds considerably to the beauty of the beach. Its attractions include unique rose bushes, lush green lawns, tall trees, beautifully crafted fountains, well placed wooden and stone benches, well maintained restrooms, clean paved pathways, children's p...