BERLIN: With a weak western European economy, fear of political unrest in North Africa and a cruise business hit by the Costa Concordia disaster, travel groups are looking to eastern Europe, China and corporate travel to brighten up 2012.
The (...)
BERLIN: Egypt and Tunisia are unlikely to see tourism — a vital prop for their battered economies — revive anytime soon as holidaymakers continue to shun North African destinations a year after the "Arab Spring" revolutions.
Bookings to the two (...)
FRANKFURT: Etihad Airways threw a lifeline to ailing Air Berlin and gained access to more European routes by raising its stake in the German airline to 30 percent and lending it $255 million.
Abu Dhabi-based Etihad will buy new shares in Air (...)
LONDON/PARIS: An engine failure that forced the emergency landing of a A380 super jumbo jet in Singapore on Thursday could further delay manufacturer Airbus's bid to claw back the plane's hefty development costs.
Airbus can ill afford setbacks in (...)
FRANKFURT: ThyssenKrupp said it is freezing all new business with Iran with immediate effect and will terminate existing contracts there as soon as possible in response to ever-harsher sanctions on the Islamic republic.
"By halting business with (...)
