Sport better. Crash during sundays 7th day of the race in saudi arabia. Into town trees ravaged by war 2 separate cease fire agreements are now in effect warring sides in syria and libya have agreed to put down their arms after negotiations brokered by russia and turkey the 3 support opposing sides in each conflicts well have more on syria in a moment 1st though to libya where the war to leave a half to had initially rejected calls for ceasefire. Moved up there while heard reports from tripoli. After rejecting a cease fire call blade turkey and russia last week warlord 24 have to change his mind a few hours before it was due to go into effect. The general command of the libyan ira bomb forces announces a cease fire in the west inside of libya the cease fire starts from one minute past midnight on the 12th of january 2020 the other party should stop any type of military operation at the same time we will respond harshly to any violation of the cease fire. In a joint press conference ear
Runway so what this will do is to will give us enough room to keep on growing and delivering the plans we have and the strategy cut that it was has for up to 2030 because of a blockade can you give us an idea about how youre coping with with it protected from a financial perspective well as far as the Financial Impact is the impact is huge but we have mitigated the impact by reducing our losses. Dont forget that. An airline that flies on an average 20 to 25 minutes extra due to the blockade is a huge impact on the bottom line of the company especially since we are not a Small Airline we have over 650 departures and arrivals a day. So this is putting a huge financial pressure on the airline but we are sustaining it over revenues in the last Financial Year was 20 percent higher then the Previous Year so you can see that we are on the correct path delivering the growth that that edwards has in its strategy weve seen you work in different strategies like acquiring stakes in Different Airli
Back to block at times we are investing we are already as a matter of fact. Above the capacity of the airport we will be closing. Over 40000000. 00 passengers by the end of this year and the capacity of the airport is only 35000000. 00 so we are expanding the airport. To a capacity of 53000000 passengers initially when after 202254 world cup is over. We will then expand the capacity to just under 70000000 passengers by completing the concourse on the west apron next to the west and to the runway so what this will do is to will give us enough room to keep on growing and delivering the the plans we have and the strategy cut that it was has for up to 2030 because of a blockade can you give us an idea about how youre coping with with it protected from a financial perspective well as far as the Financial Impact is the impact is huge but we have mitigated the impact by deducing our losses. Dont forget that. An airline that flies on an average 20 to 25 minutes extra due to the blockade is a h
2030 because of a blockade can you give us an idea about how youre coping with with it protected from a financial perspective well as far as the Financial Impact is the impact is huge but we have mitigated the impact by reducing our losses. Dont forget that. An airline that flies on an average 20 to 25 minutes extra due to the blockade is a huge impact on the bottom line of the company especially since we are not a Small Airline we have over 6 150. 00 departures and arrivals a day so this is putting a huge financial pressure on the airline but we are sustaining it over revenues. In the last Financial Year was 20 percent higher then the Previous Year so you can see that we are on the correct path delivering the growth that that there airways has in its strategy weve seen you work in different strategies like acquiring stakes in Different Airlines and new routes is this part of the strategy aimed at cushioning against the impact of the blockade exactly but that airways has to find altern
Hello im Adrian Finnigan this is counting the cost on aljazeera a weekly look at the world of business and economics this week as africa opens its borders in the hope of emulating the success of the European Union nigeria shuts its borders blaming smuggling and tax evasion. Despite a slowing economy continues with its Infrastructure Spending ahead of the fifa world cup talked to Qatar Airways c. E. O. About airport expansion as rival dubai puts its project on hold. Plus cant count out build on the success of homegrown giants aljazeera and b. In sport by attracting more Media Companies to set up shop here. In a world where nations are grouping together to form trading blocks replicate the best of the best the European Union its somewhat strange that one nation is leaving but this weeks show isnt about briggs it this is about africas decision to create an economic bloc that could become the next European Union in may of this year a new economic bloc was born 24. 00 nations came together