Business News first on FIR:
ARLINGTON, Va.–()–ARC releases February airline sales and transaction data.
India’s Jet Airways halts all international and domestic operations
One of India’s major airlines, Jet Airways, has announced it is temporarily halting flight operations on Wednesday after the carrier failed to secure the “critical interim funding” necessary for the company to remain afloat.
Jet Airways will operate the last flight on Wednesday as it cancels all its international and domestic flights, the airline said in a statement. It explained that it cannot afford to pay for fuel or other critical services to keep the operations going, as all its months-long attempts to seek both interim and long-term funding were in vain.
“Unfortunately, despite its very best efforts, the airline has been left with no other choice today but to go ahead with a temporary suspension of flight operations,” the statement reads.
Earlier this month, the airline’s fleet was significantly reduced to just five aircraft and it was forced to suspend international operations. On Wednesday, the Jet Airways website listed only 37 domestic flights and had an additional nine-page list of canceled flights, saying that the schedule was impacted by “operational reasons.”
The troubled company failed to receive a stop-gap loan of about $217 million from its lenders as part of a rescue deal agreed in late March, Reuters earlier reported.
“Bankers did not want to go for a piecemeal approach which would keep the carrier flying for a few days and then again risk having Jet come back for more interim funding,” an unnamed bank source in the negotiations on the debt resolution process told the agency.
The uncertainty over the crucial funding crashed Jet Airways stock on Tuesday, with shares plunging around 20 percent.
Employees have been hit hardest by the crisis in the company and have reportedly not been paid in months. The pilots even called on the State Bank of India (SBI) to release the necessary funds and appealed to India’s Prime Minister Narendra Modi to save 20,000 jobs which may be lost in the shutdown.
Qatar Airways: Investment in Air Italy fully compliant with US-Qatar Open Skies Agreement
Following recent false accusations relating to Qatar Airways’ shareholding in Air Italy, such baseless statements and consistent inaccuracies need addressing as a matter of urgency.
Qatar Airways holds a 49 percent stake in Air Italy’s parent company, AQA. This minority investment is at the same level that Delta holds in both Virgin Atlantic and Aeromexico, and that Etihad held in Alitalia.
Qatar Airways’ investment in Air Italy, and operations to the United States, are fully compliant with the U.S.-Qatar Open Skies Agreement, the January 2018 U.S.-Qatar Understandings, and a side letter that accompanied the discussions.
Unfounded claims that Qatar Airways’ investment in Air Italy violates the Understandings are entirely false.
As a factual matter, the investment preceded the January 2018 U.S.-Qatar Understandings.
· The investment was announced in a July 2016 press release and was approved in writing by the European Commission (DG Competition) in March 2017.
· The transaction was closed in September 2017.
· The discussions surrounding the Understandings took place in December 2017 and January 2018.
Qatar Airways’ investment in Air Italy was a matter of public knowledge (as were Qatar Airways’ investments in other airlines) at the time of the U.S.-Qatar discussions; airline investments were not raised as a point of concern during those talks. The Understandings do not mention or prohibit cross-border investments of any type.
Furthermore, Qatar Airways does not codeshare on any of Air Italy’s flights to the United States, and has no plans to do so. Qatar Airways is not operating any Fifth Freedom scheduled air services to the U.S.
The “Big 3” U.S. carriers have consistently demonstrated their hostility to new entrants into the U.S.-Europe market, and their attacks on Air Italy based on the identity of its minority shareholder are just another manifestation of this hostility. Air Italy, the carrier the “Big 3” cite as a major “threat” to their survival, has a fleet of just 15 aircraft and only serves one U.S. city – New York – with a daily service while other routes, Miami, Los Angeles and San Francisco are operated at a lower frequency.
The U.S.-Qatar Open Skies Agreement has brought enormous benefits to U.S. and Qatari consumers, businesses and communities. Qatar Airways’ services to the United States contribute to U.S. tourism and business. Qatar Airways is a long-term and loyal customer of Boeing, Gulfstream and General Electric, helping to secure tens of thousands of U.S. jobs through our continued investment in their products and is a valued partner to many other U.S. businesses.
Shot on Oahu: Visitors Aloha Society of Hawaii helps tourist to return to California
A Hawaii Vacation was cut short for a 34-year-old visitor from California. She was visiting Oahu’s Northshore and was shot while driving on Kamehameha Highway at Kamananui Road close to the Dole Plantation just before 6 am.
The tourist was driving a rental car and was taken to Wahiawa General Hospital but stable. She was later on released from the hospital and remained in a state of shock.The woman was with her husband, who was uninjured in the shooting
With the help of the Hawaii Visitors Aloha Society of Hawaii, the couple was put on a flight back to California, cutting their vacation short.
The shooter appeared to have killed himself. Police did not release any details on the incident.
Not all the info on this story is out, as to how and what started this.
Just last week Susan Ballard, Chief of the Honolulu Police Department said Hawaii is safe for visitors.
Peacock Aviation taking legal action against Gambia carrier
Nigerian Peacock Aviation company that worked as General Sales Agency (GSA) for the Gambian Mid Africa Aviation Company Ltd. that traded in Nigeria under the name Fly Mid Africa has petitioned the Gambian Government over the non-payment of passengers’ air ticket refunds before it exited Nigeria.
The petition which was dated February 12, 2019 and also copied to the Nigerian High Commission in the Gambia through its legal counsel Abrahams Ayobami & Co. stated: “We are Solicitors to Peacock Aviation and Allied Services Ltd. [henceforth referred to as ‘Our Client’], a company duly registered under the Laws of the Federal Republic of Nigeria with its registered address situate at No. 19, Mojidi Street, Off Toyin Street, Ikeja, Lagos State, Nigeria and on its instructions and behalf we write you this petition.
“Our client was appointed the General Sales Agent [GSA] of ‘MID AFRICA AVIATION LTD’ trading under the name ‘FLY MID AFRICA’ on 24th April 2017 when the said company commenced its Airline operations in Nigeria.”
According to the counsel, “Our client, among other things was to manage and operate a city office to sell tickets to customers, a task our client was able to achieve within a record time of four weeks of operation.”
The petition stated further that, “Upon commencement of operations of the Airline, the cash sales in our client’s custody was used to take care of operation fees such as Air Landing, Parking Fees, Passengers’ Service Charges, Nigerian Civil Aviation Authority [NCAA] Fees, Catering, and Crew Hotel Accommodations.”
“With the above looking promising, the Airline ran into issues with their flight schedules which led to the cancellation of February and March 2018 flights and finally suspension of operations until further notice.”
While the suspension was still on, the airline got instructions to commence refund of issued tickets to customers which was carried out until exhaustion of all the funds at hand by the GSA according to its counsel.
“Our client then made a request for funds to be released to liquidate the outstanding refunds but same has remained hitherto unmet by the management of Fly Mid Africa Airlines for over one year now.”
The petition also has it that, there is still an outstanding refund of about Eleven million one hundred and fifty six thousand, six hundred and one naira fifty one kobo [₦11,156,601.51] and our client’s unpaid International Air Transport Association [IATA]/Billing Settlement Plan [BSP] Sales Overriding Commission of about Seven Million Naira [₦7,000,000] only with customers showing their grievances in all manners including laying siege to the GSA business premises and disrupting its activities.
Meanwhile, some have even threatened to commence legal actions against it; more so as customers are aware that tickets issued on the IATA BSP platform have been refunded and therefore query the reason for non-payment of their refunds.
Despite several email communications between our client and the said Fly Mid Africa Airline with reconciliation and adjustment of account settled between the parties, still the Airline has refused to release funds to pay innocent travelers their well-deserved refund even after leaving them stranded, disappointed and uncompensated, according to Chief Segun Phillips, Group Executive Chairman, Peacock Travels and Tours Limited.
However, in a bid to settle the matter amicably, the GSA wrote to the Nigerian High Commission in The Gambia to wade into the matter but was referred back to the Gambian Commission in Abuja as the right channel for resolving such issue.
As it stands, there is the total outstanding refund of about Eighteen million one hundred and fifty-six thousand six hundred and one naira fifty-one kobo [₦18,156,601.51] amounting to tickets refunds and GSA unpaid IATA BSP Sales Overriding.
Confirmed: Auto anti-stall system on before Ethiopian Max jet crash
It has been confirmed that investigators have determined the automatic anti-stall system as activated before the Ethiopian Airlines Boeing 737 Max jet crash.
This initial determination is based on information from the aircraft’s data and voice recorders, which shows that the malfunctioning automated system may be responsible for the deadly March 10 crash.
This preliminary determination was made known during a briefing at the US Federal Aviation Administration (FAA) yesterday. It is also known that the auto anti-stall system was activated on the Indonesian Lion Air 737 Max jet crash.
The preliminary findings could be revised, but right now they point to the system, called MCAS (or Maneuvering Characteristics Augmentation System) as the potential cause of both crashes. Regulators say the Ethiopian Airlines Max jet followed a similar flight path to the Lion Air flight, including erratic climbs and descents before crashing minutes after takeoff.
The MCAS system is designed to automatically point the nose of the jets down if it senses potential for a loss of lift, or aerodynamic stall. Aircraft can lose lift from the wings and fall from the sky if the nose points too high. The system also makes the Max fly similarly to older generations of Boeing’s 737, negating the need for a lot of added pilot training.
Boeing is working on a software update to the auto anti-stall system so that the nose will point down only once instead of around 21 times as happened in the Lion Air crash making it easier for pilots to override it.
Ethiopian officials are expected to release their preliminary report soon.
The 737 Max 8 has been grounded worldwide due to the crashes as Boeing works on an update to its software to make the planes safer.
Jetwing Ayurveda Pavilions: A paragon of wellness and vitality
The ancient art and science of Ayurveda was developed thousands of years ago in the Indian Subcontinent and is believed to be one of the world’s oldest and most effective healing systems. Ayurveda is rooted in the belief that health and wellness depend on a harmonious balance of body, mind and soul and today this age-old practice has gained popularity across the world for the impact that it has on overall wellbeing. Whether you’re looking to cure or ease a long-standing ailment or nagging discomfort, Ayurveda uses a mix of therapies featuring natural minerals, metals and herbal blends to get to the root cause of your health issues, helping you to find relief, new-found energy and vitality from within. Whether you’re balancing the demands of a fast-paced life, a challenging career or multiple responsibilities, you can now opt to embark on a journey of wellness at Jetwing Ayurveda Pavilions, where you can experience a diverse range of healing solutions first-hand, in a peaceful and soothing setting.
Revitalizing treatments for many ailments: Over the centuries, Ayurvedic medicine has adopted therapies and solutions for an endless range of conditions. It has been used to help a variety of illnesses and ailments ranging from digestive problems, to hair loss, to gastric issues, mental stress, weight related issues, skin problems and insomnia and even arthritis. The powerful release of toxins from the body that Ayurveda facilitates helps to restore the body’s internal balance and provides relief, a boost in immunity and energy and promotes overall health and well-being.
Tailor-made treatments and therapies: Ayurveda does not follow a “one size fits all” approach, and at Jetwing Ayurveda Pavilions, each treatment is carefully curated to heal, rejuvenate and restore an individual based on their unique requirements. Some of the most popular treatments provided at the hotel include the Panchakarma programme, which is 10-30 days long and is carefully personalized to one’s specific health needs. The primary focus of the programme is to purify and detox the body using five different therapy options. For a shorter, intense programme Purva Karma provides a variety of treatments that use a wide range of natural oils and herbal pastes to ease stress and anxiety and revitalize the skin and body.
The hotel also offers natural wellness and full-board programmes for guests who seek deeper and more intense healing therapies over longer periods of time. Whether you’re pressed for time and just have a few days to spend, or you have an entire month that you can dedicate to a holistic getaway, each treatment can be designed around your specific needs.
Additional benefits that promote holistic well-being: In addition to its broad portfolio of traditional Ayurvedic treatments and therapies, Jetwing Ayurveda Pavilions also offers guests the opportunity to take part in a variety of complementary activities. Ease your mind with yoga and meditation between treatments or participate in a music therapy or aquatic exercise session to give your senses a gentle boost.
A hotel that’s fully geared for wellness: Located a short drive away from the airport, Jetwing Ayurveda Pavilions is a tranquil hideaway that tunes out the hubbub of city life. Stepping in through the doors of this getaway, you will be transported to a truly picturesque and tranquil setting that is rich in nature and filled with soothing spaces. Inspired by the warmth and rustic charm of a Sri Lankan village and drawing further inspiration from nature and the ancient heritage of Ayurveda itself, the hotel has been designed to serve as the ultimate getaway that offers peace, serenity, a calm base and the ultimate location to embark on your holistic holiday.
Home to the island’s top doctors and therapists: Each and every treatment at the hotel is carried out by the finest team of Ayurveda experts comprising twelve professional therapists, under the purview of four experienced doctors, each of whom hold a Bachelor of Ayurveda Medicine and Surgery (B.A.M.S.) degree. Prior to each therapy or treatment process, one of the resident doctors will conduct a careful assessment of your current health and find any issues and concerns that need to be addressed. Your doctor will carefully look at your vatha, pitha and kapha – the three doshas (life forces) that are believed to be a part of every human being. Factoring in these findings with the duration of your stay, customized therapies and sessions will be mapped out to detoxify your entire body and mind and improve your health and wellness.
Mastering the art of an age-old healing tradition: Commenting on Jetwing Ayurveda Pavilions and the unique wellness experience that it offers, Dr. Dinesh Edirisinghe – Head of Ayurveda, Jetwing stated: “Ayurveda, which means ‘life-knowledge’ in Sanskrit, is a collection of ancient healing practices that is believed to have been passed down from deities to sages, and then to humans. These therapies are an integral part of Sri Lanka’s cultural and medicinal heritage, and for most, it is still the first choice of treatment for many ailments and illnesses. At Jetwing Ayurveda Pavilions, we employ these age-old healing traditions which have been perfected for centuries, to fight disease and promote wellness and good health. Our team of trained specialists are experts at identifying and treating underlying health conditions and restoring the optimal balance of mind, body and spirit.”
Family owned and in the tourism industry for the past 46 years, Jetwing Hotels has surpassed expectation at every aspect. Building on their foundation of being passionate, as well as the experience of true, traditional Sri Lankan hospitality, constantly pioneering discoveries captures the essence of the brand. Such a strong statement and direction have enabled Jetwing Hotels to imagine, create and manage marvels and masterpieces, where distinctive design and elegant comfort complement each other and the environment. In line with the Jetwing Hotels Sustainable Strategy, across all properties sustainable and responsible practices are given precedence with resource efficiency, community upliftment and education, and awareness being some of our key focus areas.
Jetwing Ayurveda Pavilions – a paragon of wellness and vitality
The ancient art and science of Ayurveda was developed thousands of years ago in the Indian Subcontinent and is believed to be one of the world’s oldest and most effective healing systems. Ayurveda is rooted in the belief that health and wellness depend on a harmonious balance of body, mind and soul and today this age-old practice has gained popularity across the world for the impact that it has on overall wellbeing. Whether you’re looking to cure or ease a long-standing ailment or nagging discomfort, Ayurveda uses a mix of therapies featuring natural minerals, metals and herbal blends to get to the root cause of your health issues, helping you to find relief, new-found energy and vitality from within. Whether you’re balancing the demands of a fast-paced life, a challenging career or multiple responsibilities, you can now opt to embark on a journey of wellness at Jetwing Ayurveda Pavilions, where you can experience a diverse range of healing solutions first-hand, in a peaceful and soothing setting.
Revitalizing treatments for many ailments: Over the centuries, Ayurvedic medicine has adopted therapies and solutions for an endless range of conditions. It has been used to help a variety of illnesses and ailments ranging from digestive problems, to hair loss, to gastric issues, mental stress, weight related issues, skin problems and insomnia and even arthritis. The powerful release of toxins from the body that Ayurveda facilitates helps to restore the body’s internal balance and provides relief, a boost in immunity and energy and promotes overall health and well-being.
Tailor-made treatments and therapies: Ayurveda does not follow a “one size fits all” approach, and at Jetwing Ayurveda Pavilions, each treatment is carefully curated to heal, rejuvenate and restore an individual based on their unique requirements. Some of the most popular treatments provided at the hotel include the Panchakarma programme, which is 10-30 days long and is carefully personalized to one’s specific health needs. The primary focus of the programme is to purify and detox the body using five different therapy options. For a shorter, intense programme Purva Karma provides a variety of treatments that use a wide range of natural oils and herbal pastes to ease stress and anxiety and revitalize the skin and body.
The hotel also offers natural wellness and full-board programmes for guests who seek deeper and more intense healing therapies over longer periods of time. Whether you’re pressed for time and just have a few days to spend, or you have an entire month that you can dedicate to a holistic getaway, each treatment can be designed around your specific needs.
Additional benefits that promote holistic well-being: In addition to its broad portfolio of traditional Ayurvedic treatments and therapies, Jetwing Ayurveda Pavilions also offers guests the opportunity to take part in a variety of complementary activities. Ease your mind with yoga and meditation between treatments or participate in a music therapy or aquatic exercise session to give your senses a gentle boost.
A hotel that’s fully geared for wellness: Located a short drive away from the airport, Jetwing Ayurveda Pavilions is a tranquil hideaway that tunes out the hubbub of city life. Stepping in through the doors of this getaway, you will be transported to a truly picturesque and tranquil setting that is rich in nature and filled with soothing spaces. Inspired by the warmth and rustic charm of a Sri Lankan village and drawing further inspiration from nature and the ancient heritage of Ayurveda itself, the hotel has been designed to serve as the ultimate getaway that offers peace, serenity, a calm base and the ultimate location to embark on your holistic holiday.
Home to the island’s top doctors and therapists: Each and every treatment at the hotel is carried out by the finest team of Ayurveda experts comprising twelve professional therapists, under the purview of four experienced doctors, each of whom hold a Bachelor of Ayurveda Medicine and Surgery (B.A.M.S.) degree. Prior to each therapy or treatment process, one of the resident doctors will conduct a careful assessment of your current health and find any issues and concerns that need to be addressed. Your doctor will carefully look at your vatha, pitha and kapha – the three doshas (life forces) that are believed to be a part of every human being. Factoring in these findings with the duration of your stay, customized therapies and sessions will be mapped out to detoxify your entire body and mind and improve your health and wellness.
Mastering the art of an age-old healing tradition: Commenting on Jetwing Ayurveda Pavilions and the unique wellness experience that it offers, Dr. Dinesh Edirisinghe – Head of Ayurveda, Jetwing stated: “Ayurveda, which means ‘life-knowledge’ in Sanskrit, is a collection of ancient healing practices that is believed to have been passed down from deities to sages, and then to humans. These therapies are an integral part of Sri Lanka’s cultural and medicinal heritage, and for most, it is still the first choice of treatment for many ailments and illnesses. At Jetwing Ayurveda Pavilions, we employ these age-old healing traditions which have been perfected for centuries, to fight disease and promote wellness and good health. Our team of trained specialists are experts at identifying and treating underlying health conditions and restoring the optimal balance of mind, body and spirit.”
Family owned and in the tourism industry for the past 46 years, Jetwing Hotels has surpassed expectation at every aspect. Building on their foundation of being passionate, as well as the experience of true, traditional Sri Lankan hospitality, constantly pioneering discoveries captures the essence of the brand. Such a strong statement and direction have enabled Jetwing Hotels to imagine, create and manage marvels and masterpieces, where distinctive design and elegant comfort complement each other and the environment. In line with the Jetwing Hotels Sustainable Strategy, across all properties sustainable and responsible practices are given precedence with resource efficiency, community upliftment and education, and awareness being some of our key focus areas.
SOURCE: jetwinghotels.com
Africa Tourism is hot: WTTC and the African Tourism Board are on it
Africa Tourism is hot right now. Overlooked in the past, the tourism potential of the African continent is now becoming visible.
The first African Tourism Board (ATB) is about to be launched in Cape Town during the upcoming World Travel Market Africa in South Africa on April 11 with a list of impressive speakers, ministers, private industry leaders, and stakeholders attending.
A week before the ATB launch in Cape Town on April 11, the World Travel and Tourism Council (WTTC) is getting ready for their annual summit in Seville, Spain. With a price tag of $4,000 for a delegate to attend the summit, WTTC is catering to the hundred largest companies in the travel and tourism industry.
Keynote speaker at the summit is none other than former US President Barack Obama who is getting paid an enormous amount of money to share his views on tourism with WTTC CEO Gloria Guevara.
In Cape Town at the African Tourism Board launch, former UNWTO Secretary General Dr. Taleb Rifai is paying his own way, and so are a number of tourism celebrities and stakeholders from both larger and smaller entities. They want to show their excitement and support for the new African Tourism Board and the potential Africa has for new tourism developments. It’s free to attend the African Tourism Board launch event.
In the last 7 days, the news on tourism growth and potential for African destinations couldn’t have been better and must have come as a surprise for many.
WTTC issued one press release after another on their research reports for Africa. eTN received such releases not only from WTTC but also from ministers, embassies, and tourism boards showing their pride and maybe their surprise and encouragement.
African Tourism Board interim Chairman Juergen Steinmetz, who is also CEO of the eTN Corporation, owner of eTurboNews, which is a media partner for WTTC, applauded Gloria Guevara, CEO of WTTC, for putting Africa in the spotlight for the world’s largest travel and tourism companies.
- WTTC: Travel and Tourism is Zambia’s 2018 fastest-growing national economic sector
- WTTC: South Africa Africa’s largest Travel & Tourism economy in 2018
- Botswana tourism now accounts for one in seven dollars in the…
- Ethiopia records biggest growth of Travel & Tourism in the world
- Kenya Travel & Tourism exceeding global and regional levels in 2018
To attend the WTTC summit, click here; to attend the ATB launch, click here.
Anyone attending both events should indicate this on the African Tourism Board launch registration to receive additional extensive visibility.
Alitalia airline: The ongoing medley
The journey of Gianfranco Battisti, CEO of Ferrovie Dello Stato Italiane (FS), to the United States would have borne its first fruits in the definition of the new company for Alitalia, but so far nothing is definite.
Delta Airlines, in fact, should officially join the new Alitalia, but with an initial share of only 10%. The commitment signed with the managing director of FS doubles over the next four years to satisfy the industrial plan still being defined.
The managing director of Delta, Ed Bastian, would, therefore, have confirmed the interest for a percentage of shares similar to those already held in Air France-KLM, even if now FS will have to increase its participation up to 40%.
The US carrier, in fact, will guarantee its gradual investment to the point of controlling 20% as long as the new company makes profits, a scheme that follows the operation that Delta has already successfully experienced with Aeroméxico (from 19 to 49% in the past few years.)
According to the Italian press, the Battisti-Bastian confrontation would have focused on the shares of the new team, its shareholders, and governance, while the definition of the industrial aspects of the plan will need more time. As a result, a further postponement of the presentation of the Alitalia business plan is expected to be scheduled for next March 31.
easyJet’s second thought
In a peremptory tone through a press release, easyJet definitively closes the door on a possible entry into Alitalia. “Following the conversations with FS and Delta Air Lines for the creation of a consortium that evaluated the options for future Alitalia operations, easyJet decided to withdraw. However, the airline told the Adnkronos agency of its intentions to confirm its commitment to Italy and to continue to invest in the three airports of Milan, Naples, and Venice as done in recent years, adding routes and capabilities.”
The NewCo scheme
In the new Alitalia, therefore, 50% would be controlled by FS and Delta and another 15% would be due to MEF (the Italian Ministry of Economy and Finances) through the conversion of a bridge loan. It remains to be clarified how the remaining 35% would be divided. According to the newspaper Il Messaggero, in fact, Battisti would have obtained from the Treasury the availability of Fincantieri to cover 10-15%, while an additional 20% would remain to be covered (there are talks again of CDP – Italian National Promotional Institution) or Poste ( the state mail company) through some subsidiary companies. The new Alitalia could start with a capital requirement of around 1 billion euros.
While waiting for its future to be defined, Alitalia states to have recorded a 2.7% increase in passenger numbers on intercontinental routes compared to the same month of the previous year. And passenger revenue traffic is up by 1.2% on long-haul flights compared to the same period in 2018.
February cargo revenue, as stated by Alitalia, also increased by 4.9%. The results obtained on intercontinental routes have contributed to overall revenues, allowing Alitalia to record for the fifteenth consecutive month, growth in total passenger traffic turnover.