The UBS Global Real Estate Bubble Index 2021, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates that the bubble risk has on average increased during the last year, as has the potential of a severe price correction in many of the cities tracked by the index. Frankfurt, Toronto, and Hong Kong […]
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The Hellenic Republic Asset Development Fund (HRADF), a member of the HCAP Group, announces that four Interested Parties have submitted Offers for the exploitation of part of the former U.S. military base of Gournes in Heraklion, Crete. In particular, Offers were submitted by the following Interested Parties (in alphabetical order): CLUB HOTEL CASINO LOUTRAKI S.A.– […]
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Blackstone, EQT and the Kuoni and Hugentobler Foundation (“KHF”) today announce that funds managed by Blackstone Capital Partners (“Blackstone”) have signed a definitive agreement with EQT VII fund (“EQT Private Equity”) and KHF to acquire a majority stake in VFS Global. EQT Private Equity will remain indirectly invested in the Company with a minority position […]
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Brussels Airlines offers a vast leisure network for next summer, as it sees demand returning. Due to the uncertainty the coronavirus crisis brought along, booking behaviour had changed and passengers booked their flight tickets very shortly before departure. Since a few weeks, this trend of last-minute bookings is slowly coming to an end, showcasing the […]
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TUI Group resolved a 1.1 billion euros capital increase to strengthen the balance sheet / Drawings under the KfW Facility reduced to zero / After transformation and restart, focus on refinancing and reducing the use of government loans / Positive booking update for Q4: 5.2 million bookings in Summer 2021, significant increase in the high […]
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The International Air Transport Association (IATA) called for an end to wildly inconsistent COVID-19 travel restrictions that are stalling the recovery of air transport. It urged governments to implement simplified regimes to manage the risks of COVID-19 as borders re-open to international travel. “Travel restrictions bought governments time to respond in the early days of […]
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A high demand for flights to leisure destinations continues into the upcoming autumn holidays. After August, October shows the highest increase in bookings to sunny, European destinations. As a result, Lufthansa is expanding its flight program to popular sunny destinations even further. The most important European vacation destinations will now be served with more than […]
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Five new routes and more modernized, fuel-efficient aircraft are set to debut at Logan International Airport in 2022, as Boston’s No. 1 global airline continues building up a premier hub and international gateway. “We’ve strengthened our Boston hub as demand has accelerated, adding about 3,800 more seats a day by next summer than our last […]
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Most of 2020 and 2021 has been a catastrophic period for the world airline industry, as passenger demand plummeted and countries across the world were affected by lockdowns and severe travel restrictions. The Skytrax customer survey operated for 23 months (September 2019 to July 2021), with the 2021 Awards representing a mix of more normal […]
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Following dialogues with the Commission and national consumer protection authorities, 16 major airlines have committed to better information and timely reimbursement of passengers in case of flight cancellations. The Commission had alerted the Consumer Protection Cooperation (CPC) enforcement authorities in December 2020 to address several airlines’ cancellation and reimbursement practices in the context of the COVID-19 pandemic. […]
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