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.
Address: to the south of Sabeen Park Tickets: YER 200 A decent amusement venue that can be termed as modern, in the broader sense of the word. Good place to bring kids and family. Contains a bowling alley, rides, dodgem cars, and several reasonable diners. ...
This colourful Sunday flea market is a must visit for its variety of items including souvenirs and bargain priced treasures. The ambiance is full of vibrant, local charm and has a lot to offer visitors in terms of eating and shopping. The real flavor of Madrid unfolds here. Calle Ribera de los Curtidores, Lavapies Timings: Sun 08:00 - 13:00 ...
Victoria and Albert Museum, built in 1872, is the oldest museum in Mumbai. It has now been named as Dr. Bhau Daji Lad Museum. Here you discover the history of Mumbai through archaeological relics, maps and photographs. The museum also contains artifacts like clay models, costumes, finely shaped silver, copperware etc. Some of the most valuable articles relating to industrial and agr...
Stein-Am-Rhein is one of Switzerland's loveliest towns. It's located about 20km east of Schaffhausen, as its name would suggest along the Rhine River. Stein-am-Rhein was a small fishing village when the Holy Roman Emperor Henry II moved St. George's Abbey here in 1007. The move was a boon to the city's economy, as the abbey had the ability to mint coins and hold markets. Fr...