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Etihad Airways is a step closer to re-sizing itself into a mid-sized airline after disposing of its stake in Air Seychelles. The Abu Dhabi airline said it sold its 40 per cent take in Air Seychelles back to the Seychelles government. Although Etihad’s management contract has been terminated, Remco Althuis and Michael Berlouis will remain on as CEO and CFO respectively until June 30, to assist with the transition. “In the wake of the current crisis, the divestiture of Etihad s stake in Air Seychelles is part of the clean up process to emerge as a mid-size carrier with less financial burdens from the past,” said Linus Benjamin Bauer, Managing Director of Bauer Aviation Advisory. ....
Dubai: Airfares on UAE-Philippines flights have surged in recent days, thanks in part to new Covid-19 regulations. As per travel websites, a one-way flight ticket to Manila (from Dubai) will set passengers back by nearly Dh5,000, which is more than twice the rate seen on the route otherwise. However, fares are seen coming down to around Dh3,000 in the coming weeks. The demand for VFR (visiting, friend and relatives) traffic between the UAE and the Philippines has been rising - especially to the province Cebu, said Linus Benjamin Bauer, managing director of Bauer Aviation Advisory. The recent removal of mandatory quarantine in Cebu is encouraging more UAE expatriates to travel. ....
Dubai: Airfares on UAE-Philippines flights have surged in recent days, thanks in part to new Covid-19 regulations. As per travel websites, a one-way flight ticket to Manila (from Dubai) will set passengers back by nearly Dh5,000, which is more than twice the rate seen on the route otherwise. However, fares are seen coming down to around Dh3,000 in the coming weeks. The demand for VFR (visiting, friend and relatives) traffic between the UAE and the Philippines has been rising - especially to the province Cebu, said Linus Benjamin Bauer, managing director of Bauer Aviation Advisory. The recent removal of mandatory quarantine in Cebu is encouraging more UAE expatriates to travel. ....