Tag: financing
Largest aircraft PDP financing project in global aviation in Asia signed
editor- May 28, 2019 20:03A total of 17 banks were involved in the syndicated loan in the amount of US$840 million to finance part of Pre-Delivery Payment (PDP) for new CALC aircraft orders. CALC ... Read More
Performances Group and Knighthood Capital sign MOU to partner in Africa
Chief Assignment Editor- May 28, 2019 18:00Performances Group and Knighthood Capital have signed a memorandum of understanding in which they have agreed to become strategic partners and collaborate in exploring projects of mutual interest in Francophone ... 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
EscapeMaker to host all women-led first-ever Virtual Agritourism Conference
editor- May 9, 2019 22:39Fourteen women industry experts join forces to create an evergreen educational resource for innkeepers, farmers, winemakers, craft beverage producers and ag-related destinations to grow their businesses. EscapeMaker.com, a guide to ... Read More
Côte d’Ivoire seeks African Development Bank’s support for $5.8 billion tourism plan
Chief Assignment Editor- May 2, 2019 20:15Ivorian Minister of Tourism Siandou Fofana on 25 April 2019 presented a strategy document aimed at making Côte d’Ivoire Africa’s fifth biggest tourism destination from 2025 to the African Development ... Read More
Celebrity Cruises orders fifth Edge-Class cruise ship
Chief Assignment Editor- April 11, 2019 18:03Royal Caribbean Cruises Ltd. today announced that it has entered into an agreement with French shipbuilder Chantiers de l'Atlantique to order a fifth Edge-class ship for delivery in the fall ... Read More
Grange Pen to get a J$960 million infrastructural upgrade
editor- March 30, 2019 20:30The Jamaica Tourism Enhancement Fund (TEF) is investing a little under $J1 billion for the Resort Squatter Settlements Upgrade Project for the community of Grange Pen in St. James. The ... Read More
What is the discussion at the UNWTO / ICAO Ministerial Conference on Tourism and Air Transport?
Juergen T Steinmetz- March 28, 2019 06:47A Panel discussion is ongoing and a packed program are planned today for delegates in Sai Island, Cabo Verde attending the First UNWTO/ ICAO Ministerial Conference Tourism and Air Transport. ... Read More
Destinations need new resources to tackle the “invisible burden” of tourism
editor- March 26, 2019 00:42A report published today by the Travel Foundation, Cornell University’s Centre for Sustainable Global Enterprise and EplerWood International describes how destinations must uncover and account for tourism’s hidden costs, referred ... Read More
“Plan For Our Kids” and “African Earth Lung” to launch at WTM Africa
editor- March 19, 2019 21:21eTN Publisher Juergen Steinmetz talks to Professor Geoffrey Lipman Co-Founder of SUNx - STRONG Universal Network, about the development of “Plan For Our Kids” and the signature “African Earth Lung” ... Read More
Peace through tourism Korea in the making: $175,562
editor- March 13, 2019 02:57Seoul’s state-run Korea Tourism Organization (KTO) plans to investigate the potential for cross-border inter-Korean tourism, according to a document seen by NK News. In a research proposal uploaded last week ... Read More
World Bank announces Air Transport Annual Report
editor- March 12, 2019 21:13The 14th edition of the World Bank Group (WBG) Air Transport Annual Report, which outlines the support that is given to emerging and developing countries in air transportation has made ... Read More
ICTP meets on the sidelines of ITB in Berlin
Alain St.Ange- March 12, 2019 01:37Three of the four founding members of the International Coalition of Tourism Partners (ICTP) - Juergen Steinmetz, Alain St.Ange, and Geoffey Lipman - met as they were together at ITB ... 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
Vatel Mauritius on exploratory visit to Seychelles
Alain St.Ange- March 5, 2019 02:08Renaud Azema has been given the responsiblity to spread the Vatel Brand Over the Indian Ocean and in the Southern Africa Region since 2014 by M. Sebban, the Founder and ... Read More
International developer of private boutique resorts welcomes industry experts to lead team
editor- February 25, 2019 22:04Timbers Resorts, a luxury hospitality brand, announced the appointment of Damon Kolb as Development Manager and Ryan Bell as Corporate Director of Asset Management. The new additions are part of ... Read More
CTO provides more opportunities for Caribbean nationals pursuing careers in tourism
Chief Assignment Editor- February 25, 2019 15:23In an effort to provide more opportunities for Caribbean nationals pursuing higher education and careers in the tourism industry, the Caribbean Tourism Organization (CTO) Scholarship Foundation has enhanced and expanded ... Read More
Royal Caribbean orders another Oasis-Class cruise ship
Chief Assignment Editor- February 18, 2019 23:20Royal Caribbean Cruises Ltd., a global cruise vacation company that controls and operates four global brands: Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises and Silversea Cruises, today announced that ... Read More
eTN interview with Cuban Tourism Office Councilor: Major plans for island’s tourism revival
Mario Masciullo - eTN Italy- February 18, 2019 18:30Launched in November 2018, Cuba's celebration of the 500th anniversary of the founding of San Cristobal de la Habana will end in November 2019. Its busy calendar includes art, culture, ... Read More
Airbus reports strong Full-Year 2018 results, delivers on guidance
Dmytro Makarov- February 14, 2019 07:02Strong 2018 performance, guidance delivered Revenues € 64 billion; EBIT Adjusted € 5.8 billion; Free Cash Flow Before M&A and Customer Financing € 2.9 billion EBIT (reported) € 5.0 billion; ... Read More
IATA’s chief speaks at CAPA Aeropolitical and Regulatory Affairs Summit in Doha
Chief Assignment Editor- February 5, 2019 16:20Alexandre de Juniac, IATA’s Director General and CEO addressed the CAPA Aeropolitical and Regulatory Affairs Summit in Doha, Qatar today: It is a great pleasure to be here in Qatar ... Read More
Another German Airline bankrupt
Juergen T Steinmetz- February 5, 2019 09:26On Monday Germania Fluggesellschaft mbH, its sister maintenance company Germania Technik Brandenburg GmbH as well as Germania Flugdienste GmbH filed for insolvency in Berlin-Charlottenburg. Flight operations are terminated. Germania’s employees have ... Read More
Small- and Medium-sized Businesses are Vital Sources of Stability
Juergen T Steinmetz- January 30, 2019 12:38With a record-breaking 4.31 million travelers visiting Jamaica in 2018, the island nation’s tourism industry is poised to boost its rate of growth by expanding investments in small- and medium-sized ... Read More
Global Investment in Aviation Summit to reshape aviation investment landscape
Juergen T Steinmetz- January 26, 2019 07:09The UAE General Civil Aviation Authority (GCAA) is holding the Global Investment in Aviation Summit on 28-29 January 2019 at the Intercontinental Dubai Festival City. GCAA will host more than ... Read More
Lufthansa and Hopper research alliance to focus on artificial intelligence
Chief Assignment Editor- January 21, 2019 18:06The Lufthansa Group and the Lufthansa Innovation Hub have entered into a research alliance with Hopper focused on the subject of artificial intelligence. They have thus finalized their third technology-related ... Read More
Abu Dhabi National Hotels secures loan to acquire Dubai-based properties
Chief Assignment Editor- January 15, 2019 18:06First Abu Dhabi Bank and Abu Dhabi National Hotels (ADNH) have signed an AED 1.6bn loan facility agreement, which will provide ADNH with the financing capability to acquire Dubai-based hotels. ... Read More
Tourism’s “Invisible Burden”: Major new report
editor- January 10, 2019 22:37A new report suggests that wherever it exists, tourism places an “invisible burden” on destinations and their residents. Read More
Air Italy dragged into aviation war between US and the Gulf
Chief Assignment Editor- December 17, 2018 23:35The former Meridiana carrier, now 49% controlled by Qatar Airways, is in fact under the lens of 11 US Republican Senators asking to investigate the airline for violation of agreements ... Read More
United Airlines announces new VP and Treasurer
Chief Assignment Editor- December 17, 2018 16:05United Airlines (UAL) today announced Pam Hendry has been named vice president and treasurer. Hendry will be responsible for Corporate Finance, Treasury Operations and Risk Management. Hendry is a senior ... Read More
Travel and tourism sector takes steps towards carbon neutrality by 2050
Chief Assignment Editor- December 11, 2018 05:30The World Travel & Tourism Council (WTTC) and UN Climate Change today showcased how the travel and tourism sector can take steps towards carbon neutrality by 2050. In April, WTTC, ... Read More
Canaveral Port Authority Commissioners approve bonding for new cruise terminal
Chief Assignment Editor- December 5, 2018 08:03The Canaveral Port Authority (CPA) Board of Commissioners today voted to approve a resolution for the issuance of a series of bonds up to $117 million to provide the financing ... Read More
H.I.S. reports full year results
editor- December 9, 2016 21:20H.I.S. Co., Ltd., a leading travel and airline ticket agency, has announced results for the full year ended October 31, 2016. Read More
Vietnam tourism: Lack of money for promotion campaigns is biggest problem
editor- June 11, 2013 08:15A report of the Vietnam National Administration of Tourism VNAT showed that in 2000-2012, the state’s budget spent VND410 billion in total on the tourism promotion activities. Read More
Boeing forecasts sufficient financing for rising global aircraft deliveries
editor- December 5, 2012 05:21LONDON, England - Boeing projects the world's airlines should see reasonable liquidity and pricing for new-aircraft delivery financing in 2013 even as jet builders ramp up production to meet demand, ... Read More
Auckland to spend $200,000 on chasing wealthy Chinese tourists
editor- April 19, 2012 06:54Auckland is chasing China's wealthy tourists, setting up a $200,000 fund to help attract the big-spending visitors to the city. Read More
Emirates hires banks to arrange loan for aircraft financing
editor- February 8, 2012 09:49DUBAI, UAE - Emirates airline has hired three Dubai banks to arrange a 1.9-billion dirhams ($517.3 million) Islamic loan facility to finance three aircraft, the chief executive of one of ... Read More