Airline
Mideast Carriers Face More Turbulence
Middle East carriers face more turbulence according to the International Air Transport Association’s (IATA) revised annual forecast. IATA said airline industry losses will reach $1.5 billion (Dh5.5 billion) by the end of the year. Previously IATA forecast losses of $200 million (Dh734 million). IATA explains that the region’s geographic location is the centerpoint for several international hubs which means it is severely impacted by the recession in Europe and Asian, which are source markets.
IATA Director-General said “There is no modern precedent for today’s economic meltdown. The ground has shifted. Our industry has been shaken.” Giovanni Bisignani addressed top industry leaders about the economic slowdown at the IATA annual general meeting and world air transport summit yesterday. He said the current economic meltdown is the worst situation the airline industry has ever faced.
More Airline
Latest Travel News
Featured Sights To See
Parc LaFontaine
Montreal, Canada
Located a few kilometers north of Mount Royal and stretching over 36 hectares, this park contains beautiful artificial lakes connected by waterfalls, decorative fountains, large playing fields, swimming pools, bike trails, an ice skating area in winters, and the newest addition, an open-air theatre. This is a good place to hit on your last day in the city, if you want to relax and collect everlast...
Bab Zuwayla
Cairo, Egypt
The Bab Zuwayla is a gate that was built in 1087 by three Armenian monks to protect the then Fatimid city from invasion. The name Fatimid is given to the ancient Shia Dynasty which ruled North Africa from about 900-1200. Importance is attributed to this gate because it is the only artifact that remains from the Fatimid city. Also, superstitious beliefs state that the gate has heali...
Mausoleum of Saladin
Damascus, Syria
Saladin was a famous Sultan, most renowned for his role as leader of the Muslims during the bloody Crusades. He died in 1193 and his mausoleum is a low rise white building with a red dome. Contained within it is a walnut wood cenotaph containing Saladin’s body carved with intricate motifs representative of the Ayubbid Era. Also contained within, is a marble tomb gifted by Kaiser Wilhelm II o...
Museum of Modern Art
Mexico City, Mexico
Address: Paseo de la Reforma, Mexico City. Website: http://www.momamexico.com/home.html Contains permanent displays by legendary artists, including works by Diego Rivera (who also painted the murals on the National Palace), his wife and student, painter Frida Kahlo, and David Siqueiros. Also houses contemporary artwork by up-and-coming artists from around Mexico and from around th...