A US equity firm that bid to buy a stake in Sri Lanka’s loss-making national airline has pulled its offer, officials said Saturday as the carrier scrambled for a new partner. TPG, a San Francisco-based private equity firm, has withdrawn its bid for a 49 percent stake in Sri Lankan, dashing hopes of a quick … Read more
Africa’s largest Airline Group, Ethiopian Airlines, has ended yet another year of fast and profitable growth in 2016, highlighted by fleet and network expansion as well as significant investment in customer services in the air and on the ground. Recapping the Airline’s performance in 2016, Group CEO Ethiopian Airlines, Mr. Tewolde GebreMariam, said: “2016 has … Read more
Would you still fly if you couldn’t see the sky? The newest generation of airliners come in all different sizes, but they all have one thing in common: bigger windows. But a new project from Airbus Group’s Silicon Valley unit, A^3 (pronounced A cubed) is imagining a future without a direct view of the sky. … Read more