Alexander Cornwell

Air France and Wizz CEOs spar over airline regulation

Jun 21 2021

PARIS Traditional airlines need more time to recover before full competition for airport slots is restored, the head of Air France-KLM said on Monday, drawing a sharp response from Wizz Air counterpart Jozsef Varadi.

Maersk VC co-leads funding round in Egyptian start-up Trella

Jun 21 2021

DUBAI (Reuters) -Egyptian startup Trella, a digital platform connecting truckers with freight loads, has raised $42 million in equity and debt, including from the venture capital arm of shipping giant Maersk, its chief executive said.

Dubai Airshow to take place under capacity restrictions, organiser says

Jun 21 2021

DUBAI The Dubai Airshow, this year's biggest aerospace trade show and a spectacle for business deals worth billions of dollars, will be held under capacity restrictions in November due to the coronavirus pandemic, its organiser said.

Dubai airport targets 28 million passengers this year, CEO says

Jun 20 2021

DUBAI (Reuters) -Dubai's state airport operator is hoping for a "flood" of travelers as the coronavirus pandemic eases, targeting passenger traffic through Dubai International Airport to grow 8% to 28 million this year as demand rebuilds.

Dubai steps in again as pandemic drives Emirates to $5.5 billion loss

Jun 15 2021

DUBAI (Reuters) -Emirates got an additional $1.1 billion in state support from Dubai after a collapse in long-haul travel due to the coronavirus pandemic triggered the airline's first annual loss in more than three decades. | Video

CORRECTED-(OFFICIAL)-UPDATE 3-Dubai steps in again as pandemic drives Emirates to $5.5 bln loss

Jun 15 2021

DUBAI, June 15 Emirates got an additional $1.1 billion in state support from Dubai after a collapse in long-haul travel due to the coronavirus triggered its first full-year loss in over three decades.

Indian online education firm eyes new funding, $1 billion valuation

Jun 15 2021

DUBAI Indian online education platform Cuemath plans to raise at least $100 million in a new financing round this year, its chief executive said, as the company targets a valuation of $1 billion by the end of 2022.

Abu Dhabi fund bets on airplane leasing amid downturn

Jun 14 2021

DUBAI An Abu Dhabi fund is backing a startup aircraft leasing company run by former Ryanair chief financial officer Howard Millar to build a fleet of 100 jets over the next three years.

Exclusive: NATO approaches Qatar to seek training base for Afghan forces after withdrawal

Jun 14 2021

DUBAI/BRUSSELS Security officials under NATO command have approached Qatar to secure a base that can be used to train Afghan special forces as part of a strategic commitment after foreign forces withdraw from Afghanistan, three senior Western officials said.

Founder of Dubai's DAMAC offers to take property firm private

Jun 09 2021

DUBAI United Arab Emirates property tycoon Hussain Sajwani made an offer on Wednesday to buy out minority shareholders in DAMAC Properties, which he has run for nearly two decades.

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