Many firms eye scope to raise prices; European consumers in buoyant mood
Even after stripping out energy, eurozone producer prices in March recorded a year-on-year increase of 2.3 percent, nearly double the gains seen in February
Updated 08 May 2021
May 08, 2021 02:18
LONDON: Europe’s consumers will feel the hit from price rises this year as companies seek to recoup revenues and cover pandemic-related costs. But for now, this is inflation the European Central Bank believes it can live with.
Over the past year, the fallout from COVID-19 has contorted both the demand and supply sides of the global economy, creating bottlenecks in supply chains, havoc in freight markets and a rally in raw materials from corn to copper.
Dubai South sees solid growth in private jet movements in Q1
DUBAI, 5 hours, 56 minutes ago Dubai South, the largest single-urban master development focusing on aviation, logistics and real estate, has announced solid growth in the movement of private jets at its VIP terminals during the first three months of the year. Mohammed bin Rashid Aerospace Hub (MBRAH) at Dubai South continued its impressive 336% increase in Q1 aircraft movement reaching 4,904 compared to 1,460 last year and 1,676 in 2019. The aircraft movements include the four FBOs operating at MBRAH, which are Jetex Executive Aviation, Jet Aviation, DC Aviation and ExecuJet Middle East. CEO Tahnoon Saif said: Our private jets movements at the VIP Terminal in MBRAH have been increasing steadily since last July, which is a testament to the successful national vaccination campaign, the emirate’s status as a preferred destination for tourists from across the world as well as Dubai’s ranking thi
Jet -setting trend: Demand in Dubai’s private, business aircraft sector soars in Q1
Muzaffar Rizvi/Dubai Filed on May 8, 2021 | Last updated on May 9, 2021 at 07.03 am
Aviation experts and analysts see bright prospects for private jet activity in the second half of 2021.
(Supplied photo)
Mohammed bin Rashid Aerospace Hub announces that movements continue impressive growth in 2021 with 336% leap
Activity in the private and business jet sector registered strong growth during the first quarter of 2021 as corporates and high net worth individuals preferred charter flights following the suspension or reduction of regular flights on popular destinations from Dubai,
Khaleej Times has learnt.
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