AMSTELVEEN: The impact of the ongoing Covid-19 crisis on the entire airline sector, and consequently KLM, is unprecedented. Since the start of this crisis, numerous steps have been taken to tackle the situation head on and to preserve cash. On 9 April, Air France-KLM made it known that it would require additional liquidity in the third quarter of 2020. Intensive …

News Desk KARACHI: All Pakistan Restaurant Association (APRA) has welcomed the SOPs issued by the Sindh Govt for holy month of Ramadan and assures all possible cooperation, but at the same time, appealed to Chief Minister Syed Murad Ali Shah to help the restaurant industry due to financial crunch and requested to allow both delivery and takeaway and extend the duration …

News Desk ABU DHABI: The Abu Dhabi Department of Energy (DoE) has issued the 2019 Annual Technical Report for Water, Wastewater and Electricity Sectors in Abu Dhabi, as part of its role as the regulating body, in charge of driving improvement in the technical performance of the energy sector. The aim is to enable the sector to play its critical …

RIGA: After performing duties as Deputy Chairman and member of the Supervisory Board of airBaltic for three full terms, Kaspars Briškens as of April 25 will leave the position to focus on other professional challenges. Niks Bulmanis, Chairman of the Supervisory Board of airBaltic: “During the previous eight years, Kaspars Briškens played an instrumental role in ensuring the restructuring of the company, and preparing …

LONDON: British Airways is increasing the number of cargo-only flights from China to the UK to 21 a week, up from 13 last week, as demand continues to rise. From May, 14 flights each week will depart from Shanghai, and seven from Beijing carrying cargo in the hold and, where possible, in the cabin too.  These flights will be able …

KARACHI: doctHERs, a digital health platform has partnered with the Ministry of Health Services Regulations and Coordination and has launched a digital telemedicine matchmaking platform “Yaran-e-Watan”, linking healthcare professionals in the Pakistani diaspora with telemedicine providers to provide free of cost consultations to the Pakistani public during the COVID-19 pandemic. Foreign doctors can now register themselves to volunteer their services at the …

News Desk DUBAI: In line with the directives from the Ministry of Health and the National Emergency Crisis and Disaster Management Authority (NCEMA), Jumeirah Group is re-opening three of its signature restaurants at Jumeirah Al Naseem and Jumeirah Mina A’Salam from today (Friday 24th April 2020).  KAYTO, Rockfish and Shimmers will all be operating in accordance with governmental guidelines to continually protect both …

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 …