AMSTELVEEN: Today, at the annual general meeting of shareholders of KLM Royal Dutch Airlines, Pieter Elbers, the airline’s president & CEO, informed shareholders that he will take a 20% salary cut for the remainder of the year. The corona crisis is having unprecedented impact on KLM. No one could ever have foreseen the current circumstances, with developments presenting themselves at …

RIGA, Latvia: On April 23, the Supervisory Board of the Latvian airline airBaltic approved the new business plan of the company presented by the management of airBaltic. The new business plan, Destination 2025 CLEAN, focuses on the impact of the Coronavirus crisis and adjustments that had to be made to the existing five-year strategy. Martin Gauss, CEO of airBaltic: “The new environment of the aviation industry …

News Desk KARACHI: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 4.65 billion after taking out PKR 1.03 billion attributable to non-controlling interests for the nine months ended March 31, 2020. This translates into earnings per share (EPS) of PKR 14.38 / share as compared to PKR 28.64 / share reported during the same period last …

ABU DHABI: Etihad Airways will operate additional special passenger flights from Abu Dhabi to several destinations on its global route network. The special schedule of flights gives foreign nationals in the UAE the opportunity to travel out of the country, and allow Etihad to carry essential belly-hold cargo such as perishables, pharmaceuticals, and medical supplies. Return flights are also repatriating …

KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020. On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. The management has responded well during this time of crisis and has taken necessary steps to ensure long term sustainability of cash flows. In addition, a central COVID-19 Crisis …

DUBAI: Dubai-based airline flydubai today launched a video as a tribute to the frontline workers, its passengers across its network and the residents of the UAE for the role they are playing during these unprecedented times. The video features content created by flydubai staff members from different departments, including pilots, cabin crew, engineers as well as members of its customer …

LONDON: Standard Chartered PLC “the Group” is today announcing further details on how the Group will provide both short-term relief, and longer-term assistance,for communities across its 59 markets via the recently launched US$50m Covid-19 global charitable fund. The fund will operate in two distinct components. Phase 1 – immediate relief for communities by July 2020 The Group will provide US$25mof …

News Desk ABU DHABI: Etihad Cargo, the cargo and logistics arm of the Etihad Aviation Group, has partnered with the Australian Government to provide critical international airfreight assistance to Australia. Under the agreement with the Australian Trade and Investment Commission (Austrade), Etihad Cargo will provide dedicated cargo services between Abu Dhabi and Australia, leveraging bellyhold capacity of its fleet of …

KARACHI: MedAngle, a Pakistani Startup, very recently announced the launch of its COVID-19 platform, which has been in development for the past several weeks by its team of more than 40 top merit medical students and doctors. The aim has been to combat the pandemic by fighting the spread of misinformation but also to increase awareness of all along with …

SHARJAH: Air Arabia Abu Dhabi, the capital’s first low-cost carrier, today announced that it has received its Air Operating Certificate (AOC), which allows it to start operating from Abu Dhabi as the fifth UAE national airline. Securing the AOC highlights that Air Arabia Abu Dhabi has all the professional capabilities, adheres to all safety regulations needed for aircraft operations and …