Tag: debt
Pope Francesco Bergoglio addresses climate emergency
Mario Masciullo - eTN Italy- June 15, 2019 21:04At the Casina Pio IV, the Pontiff Pope Francesco Bergoglio met with participants of the meeting promoted by the Department for the Service of Integral Human Development with leaders of ... Read More
Sri Lanka Tourism in crisis: Managing and seeking out opportunities
Srilal Miththapala - eTN Sri Lanka- June 11, 2019 23:55The Rapid Response Team by Safertourism reached out to Sri Lanka tourism authorities including the minister of tourism and industry leaders within hours of the devastating terror attack on the ... Read More
Hodges Ward Elliott appoints new Hotel Group President
Chief Assignment Editor- June 3, 2019 16:10Hodges Ward Elliott, an independent hotel brokerage and investment-banking firm, with offices in New York, Atlanta, Los Angeles and London, today announced that Daniel Peek will be joining HWE as ... Read More
IATA forecast for global aviation in 2019 is not so good for reasons listed
Juergen T Steinmetz- June 2, 2019 02:30The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion forecasts in December ... Read More
Maritime security the Seychelles way
Alain St.Ange- May 25, 2019 02:42Africa’s smallest nation is setting a standard for safe sustainable seas through the prosecution of pirates, international maritime cooperation, and proactive measures to protect its exclusive economic zone. As the ... Read More
One Country, One People, One Seychelles: Tourism but no militarization
Alain St.Ange- May 22, 2019 04:24This presentation is about Seychelles, the people, our hopes and our dreams. It is from the people and for the people and about our heritage. It is about our families, ... Read More
Thomas Cook Failure: Who to trust and how to communicate
Andrew J. Wood - eTN Thailand- May 20, 2019 04:26Thomas Cooks shares are effectively worth nothing right now. Thousands of British tourists looking forward to their holidays are not sure if they are really traveling anywhere. On Sunday the ... Read More
Funds from the sale of Thomas Cook airlines have potential to provide capital for new destinations
Chief Assignment Editor- May 16, 2019 18:01Following the release of Thomas Cook Group Half Year Results 2019, Johanna-Bonhill Smith, Associate Analyst for Travel & Tourism at GlobalData, offers her view: “A whopping loss of £1.4bn for ... Read More
48 million Americans would skip a credit card payment over a vacation
Chief Assignment Editor- May 15, 2019 20:2048 million Americans say they would skip a credit card payment before they’d skip a vacation, according a new survey published today. Survey Key Findings: • 19% of people would ... Read More
South East Asia Hotel Investors’ Summit will tackle emerging challenges to regional hotel markets
Chief Assignment Editor- May 14, 2019 18:36The South East Asia Hotel Investors’ Summit returns for its third edition in May and will again feature top executives from both hotel owning groups and management companies addressing issues ... Read More
WestJet Airlines to be acquired by Onex
Chief Assignment Editor- May 13, 2019 23:56WestJet Airlines Ltd. announced today it has entered into a definitive agreement that provides for its acquisition in an all-cash transaction. Under the terms of the agreement, Onex Corporation and ... Read More
London Heathrow: Recording another record
Juergen T Steinmetz- May 1, 2019 08:58London Heathrow is recording another record. More passengers than ever before – Heathrow achieved its 29th consecutive month of growth, welcoming a record 17.9 million passengers in Q1 2019 Award-winning service – ... Read More
Uganda Airlines’ long-awaited new planes land at Entebbe International Airport
Chief Assignment Editor- April 24, 2019 18:15First two Uganda Airlines' long anticipated aircraft landed at Entebbe International Airport on Tuesday 23rd April 2019. Captained by all Ugandan crew - Capt. Clive Okoth, Capt. Stephen Ariong, Capt ... Read More
Japan’s first domestic passenger plane since 1960s to challenge Boeing and Airbus
Chief Assignment Editor- April 19, 2019 00:20Mitsubishi Aircraft Corporation, an aviation unit of Japanese industrial giant, is planning to start deliveries of Japan's first domestically-produced passenger plane since the 1960s as soon as next year. The ... Read More
India’s Jet Airways halts all international and domestic operations
Chief Assignment Editor- April 17, 2019 15:05One 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 ... Read More
Aviation Safety: Fatigue management
editor- March 28, 2019 22:16In aviation operations, managing fatigue is important because it diminishes an individual’s ability to perform almost all operational tasks. This clearly has implications for operational efficiency, but in situations where individuals are undertaking ... Read More
About the African Tourism Board: Top important according to an African American Tourism Expert
Juergen T Steinmetz- March 28, 2019 05:28Drew Barrett, a Chicago based African American tourism expert and consultant, thinks the newly founded African Tourism Board(ATB) is very important and potentially valuable to the nations of Sub-Saharan Africa. ATB will ... Read More
Any WOW Air reservation may not materialize: Airline has major problems
Juergen T Steinmetz- March 25, 2019 21:59"Bummer that WOW Air is potentially going under - had a very flawless experience with them. But does this mean fewer tourists in Iceland?", a disappointed passenger posted to twitter. ... Read More
Queensgate Investments acquires four Grange Hotels for £1 billion
Chief Assignment Editor- March 15, 2019 16:54Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP 1 billion. The portfolio ... Read More
Ebix offers to buy India’s largest corporate travel exchange
Chief Assignment Editor- March 11, 2019 19:05Ebix, Inc. today announced that it has sent a letter to the Board of Yatra Online, Inc., outlining its offer to acquire 100% of the outstanding stock of Yatra Online ... Read More
China invests €15 billion in world’s longest undersea rail tunnel between Finland and Estonia
Chief Assignment Editor- March 9, 2019 17:15An ambitious train rail link, designed to connect the Finnish and Estonian capitals through the bottom of the Gulf of Finland, has attracted €15 billion ($17 billion) from China-owned Touchstone ... Read More
A clear and present danger to American Airlines customers
Juergen T Steinmetz- February 7, 2019 21:47Getting on an American Airlines flight may not be the same for some passengers after reading a Letter by Doug Parker, CEO of American Airlines. In a letter for Mr. ... Read More
Caribbean Tourism strongly endorses Global Tourism Resilience and Crisis Management Center
Chief Assignment Editor- February 4, 2019 22:25The Caribbean Tourism Organization (CTO) has reiterated its strong support for the Global Tourism Resilience and Crisis Management Center which was officially launched in Jamaica last week. In a brief ... Read More
South Asia Tourism finds prominent footing in world economy
Anil Mathur - eTN India- January 24, 2019 01:16A just-released UN report, provides facts and figures to show the importance of South Asia Tourism. Read More
Brazil’s GOL airline accelerates fleet renewal
Chief Assignment Editor- December 27, 2018 18:05GOL Linhas Aéreas Inteligentes S.A. announced today a further acceleration of its fleet renewal and modernization plan and the execution of sale and leaseback agreements, with Castlelake and Apollo Aviation, ... Read More
How Air India wants to move out of debt?
Juergen T Steinmetz- December 27, 2018 11:26The Indian Minister for Civil Aviation told local media Air India has planned to monetize its unutilized and surplus immovable real estate assets over the next few years. Read More
Air Asia sells 29 planes only to lease them back
Juergen T Steinmetz- December 25, 2018 21:12Air Asia is selling 29 planes – Airbus’ A320-200ceo and A320neo to Castlelake. Castlelake will lease the same aircraft back to the Malaysia based budget airline AirAsia. For AirAsia, the deal ... Read More
Thailand Tourism Safety Image in question?
Juergen T Steinmetz- December 23, 2018 10:53A conflict between FIFA, Australia, and Bahrain on a human rights and an asylum case for involving a pro football star Hakeem AlAraibi wanted by his home country Bahrain may ... Read More
Xenia Hotels & Resorts sells Residence Inn Denver City Center
Chief Assignment Editor- December 20, 2018 18:08Xenia Hotels & Resorts, Inc. today announced it has sold the 228-room Residence Inn Denver City Center in Denver, Colorado for a price of $92 million, or approximately $404,000 per ... Read More
Suspended! Fastjet airline services in Tanzania
Apolinari Tairo - eTN Tanzania- December 18, 2018 01:59Fastjet airline officials said late last week that its flights would be canceled through the end of January. Read More
Most expensive ‘Christmas tree’ in Europe made of pure gold
Chief Assignment Editor- December 15, 2018 18:12In honor of the much-anticipated festive season, German gold dealer Pro Aurum has erected the most expensive Christmas tree in Europe. The unusual decoration is made of gold coins worth ... Read More
Debt-ridden Kingfisher considering 2,000 job cuts
editor- January 5, 2012 07:49NEW DELHI, India - In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, ... Read More
British “holi-debts” reach GBP5.5 billion
editor- August 26, 2011 05:43LONDON, England - Vacationing Britons overspent by more than GBP5.5 billion whilst on their holidays this summer, setting themselves up for months of repayments and cost-cutting, according to new rese Read More
Debt-ridden Mexicana files for bankruptcy protection in US and Mexico
editor- August 4, 2010 04:50Mexicana Airlines, the busiest foreign carrier at Los Angeles International Airport, announced Tuesday that it had filed for bankruptcy protection in the U.S. Read More
Morgans Hotel Group refinances mortgage debt
editor- July 16, 2010 05:50NEW YORK, NY - Unable to pay off it's mortgage loan due to mature in November 2010, the Morgans Hotel Group Co. refinanced its mortgage debt in full with the ... Read More
Delta Air Lines CEO: Carriers must reduce debt and lower costs further
editor- July 1, 2010 23:43Delta Air Lines Inc. chief executive Richard Anderson said his industry is moving into an "up cycle" and that carriers must reduce debt and lower costs further to weather future ... Read More