FILE PHOTO: Passengers board an Air Berlin aircraft at Tegel airport in Berlin, Germany, June 14, 2017. REUTERS/Hannibal Hanschke/File Photo FRANKFURT (Reuters) - The European Commission on Monday approved a German bridging loan for Air Berlin that will keep the insolvent airline’s planes flying while it tries to find buyers for
Tag: Management
Tyremaker Pirelli to sell 40 percent stake in Milan market comeback
Formula One - F1 - Russian Grand Prix - Sochi, Russia - 29/04/17 - Pirelli tyres on display in paddock area. REUTERS/Maxim Shemetov (Reuters) MILAN (Reuters) - Italian tyremaker Pirelli, bought by state-owned China National Chemical (ChemChina) two years ago, will sell up to 40 percent of its equity capital in
South African Airways CEO-Elect to Woo Banks as Top Priority
Incoming CEO Jarana sees lenders as important as government Management and board of SAA must be committed to turnaround Johannesburg (Bloomberg) - The chief executive officer-elect of South African Airways is making it his first priority to convince banks that the state-owned carrier’s new leadership is committed to stemming five
Expedia names Alan Pickerill as new CFO
Expedia Names New CFO as Orderly Transition Unfolds After CEO's Abrupt Departure (MarketWatch) - Expedia, Inc. named Alan Pickerill, a senior vice president at the company, as its chief financial officer Friday. Pickerill takes over the role from former CFO, Mark Okestrom who was named as the chief executive of Expedia. Expedia is the American travel
Red Star Express Records N7.3b Turnover, Declares Dividend
One of Nigeria’s leading logistics company, Red Star Express Plc, has posted a turnover of N7.3billion in the year under review which is ten percent (10%) higher than the preceding year. The profit before tax increased from N572million to N653million, while profit after tax also increased from N334.4million to N426.8million. The
Takeover of Arik Airline by Ethiopian, in whose interest?
...Shareholders React to Takeover Plan (Lagos) - Reports that Ethiopia Airlines has indicated interest in signing a contract with the Nigerian government to take over the management of its largest domestic airline, Arik Air, is not going down well with the shareholders and they are wondering whose interest the deal will
Automakers look ahead to replacing Houston’s drowned cars
DETROIT (Reuters) - The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their shares higher. General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV reported mixed
Why Ethiopia Airlines is Successful
...upgrades its flights to Brazil to Non-stop Direct (Thisday) - Ethiopia Airlines possess unique, rare and difficult to imitate attributes that distinguish it from its peers in Africa. The airline is seen as the most successful airline in the continent. The Group CEO of the airline, Mr. Tewolde GebreMariam, announced this week:
New Uber CEO promises change, sees IPO in 18-36 months
SAN FRANCISCO/GEORGETOWN, Del. (Reuters) - Uber Technologies Inc's new Chief Executive Dara Khosrowshahi told employees on Wednesday the ride-services company would change its culture and may go public in 18 to 36 months. Khosrowshahi, who led travel-booking site Expedia Inc for 12 years, made the remarks as he introduced himself to
Toyota Invests In Grab, Which Is Beating Uber In Southeast Asia
Add Toyota Motor (TM) to the list of investors in ride-hailing service Grab, the startup that is looking to knock out Uber in Southeast Asia. Grab (formerly known as GrabTaxi) is a technology company that offers a wide range of ride-hailing and logistics services through its app in Malaysia and neighbouring Southeast Asian nations such as Singapore, Indonesia, Philippines, Vietnam, and Thailand. As of