Tag Archives: investment

Stagecoach announces major investment to introduce further 46 new fully electric buses across Scotland

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Funding made available through Scottish Government’s Ultra-Low Emission Bus Scheme 22 double-deckers and 24 single-decker electric buses for Aberdeen, Kilmarnock and Perth Major investment totalling £11m in Aberdeen, £6m in Kilmarnock and £4.4m in Perth Buses all built in Scotland by leading bus manufacturer ADL with Perth and Aberdeen infrastructure provided by SSE Boost for… Read the full press release

Heathrow submits investment plan to expand the airport and connect all of Britain to global growth in the 2020s

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Heathrow submits detailed investment plan to expand the airport and connect all of Britain to global growth in the 2020s Plan will mean lower fares for passengers with new capacity and shows how expansion is sustainable, affordable, financeable and deliverable It meets all requirements of the Airports National Policy Statement, with overall costs in-line with… Read the full press release

SITA: Investment made by airlines and airports significantly improved both satisfaction levels for passengers and average processing time

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Investment has resulted in significantly higher passenger satisfaction and shorter queues. Lisbon, Portugal, 2019-Nov-08 — /Travel PR News/ — Airlines and airports spent a record US$50 billion in 2018 on IT to support improvements to the passenger journey and are now beginning to enjoy the benefit of that investment. Figures published by SITA for the first… Read the full press release

AAAE Urges Congress to Update Tax Code and Airport Financing Model to Boost Infrastructure Investment

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Alexandria, Va., 2019-May-09 — /Travel PR News/ — With airlines collecting nearly $5 billion in baggage fees in 2018 along with billions more in other ancillary charges – record highs – the American Association of Airport Executives (AAAE) called on Congress to update the U.S. tax code and the federal cap on local airport user… Read the full press release

Qatar Airways’ investment in Air Italy and operations to the United States are fully compliant with the U.S.-Qatar Open Skies Agreement

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All agreed Open Skies conditions being met Airline cross-border investments never raised as a point of concern during negotiations DOHA, Qatar, 2019-Apr-15 — /Travel PR News/ — Following recent false accusations relating to Qatar Airways’ shareholding in Air Italy, such baseless statements and consistent inaccuracies need addressing as a matter of urgency. Qatar Airways holds… Read the full press release

ANA HOLDINGS announces investment in PAL Holdings

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TOKYO and MANILA, 2019-Jan-29 — /Travel PR News/ — ANA HOLDINGS INC. (hereinafter “ANA HD”), parent of All Nippon Airways (ANA), Japan’s largest and 5-star airline for six consecutive years, will invest $95 million US dollars in PAL Holdings Inc. (hereinafter “PAL Holdings”) and acquire 9.5% of PAL Holding’s outstanding shares. PAL Holdings is the… Read the full press release

ACI World welcomes the Indian government’s move to pursue further private investment in airport development

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Investment will help India address growing air services capacity crunch Mumbai, India, 2019-Jan-18 — /Travel PR News/ — Airports Council International (ACI) World today said the Indian government’s move to pursue further private investment in airport development will better enable the country to respond to the growing demand for air services. The key context for discussion… Read the full press release

George Best Belfast City Airport officially opens its upgraded terminal facilities following a £15 million investment

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BELFAST, Northern Ireland, 2018-Nov-22 — /Travel PR News/ — George Best Belfast City Airport has officially opened its upgraded terminal facilities following a £15 million infrastructure investment. The significant upgrade of the departures lounge includes new retailers, enhanced bars and restaurants, additional seating and a new security search area which has reduced average queuing times to… Read the full press release

UNWTO/WTM Ministers’ Summit highlights on investment in tourism technology

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Madrid, Spain, 2018-Nov-09 — /Travel PR News/ — The UNWTO/WTM Ministers’ Summit, held yesterday by World Travel Market and the World Tourism Organization (UNWTO), was well received by participants from government and the private sector for its more dynamic new format leading to more concrete takeaways around this year’s theme: Investment in Tourism Technology. This year,… Read the full press release

Emirates SkyCargo and Investment and Tourism Promotion Centre of Ho Chi Minh City to promote trade to and from Vietnam

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MoU with Investment and Tourism Promotion Centre of Ho Chi Minh City to boost trade links 66% growth in the last two years in cargo carried to and from Vietnam Dubai, UAE, 2018-Oct-26 — /Travel PR News/ — Emirates SkyCargo has today signed an MoU with the Investment and Tourism Promotion Centre of Ho Chi… Read the full press release

British Airways announces a multi-million pounds investment in staff training to provide the very best service to its customers

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Multi-million pounds investment in staff training Staff empowered and trained to work across the terminal to solve any problem Mobile devices will help them to assist with reservations, ticketing, flight changes, re-bookings and up to date flight information Part of a continued initiative to care for and put customers at the heart of its business… Read the full press release

Katara Hospitality and AccorHotels create the number one sustainable hospitality fund dedicated to Africa

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Doha, Qatar, 2018-Jul-24 — /Travel PR News/ — Katara Hospitality, a leading global hotel owner, developer and operator, based in Qatar, and AccorHotels, a world-leading travel & lifestyle group and digital innovator with a presence in 100 countries and c.4,500 hotels, announced the creation of an investment fund with a targeted investment capacity of over… Read the full press release

dnata acquires additional 40% share in Airport Handling SPA

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DUBAI, U.A.E., 2018-Jul-03 — /Travel PR News/ — dnata, one of the world’s largest air services providers, has exercised its option to acquire an additional 40% share in Airport Handling SPA. The transaction will increase dnata’s total interest in the Milan-based ground handler to 70%. With majority representation on the board, dnata has already been… Read the full press release

SilkAir to undergo a significant investment programme to upgrade its cabin products and be merged into SIA

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SINGAPORE, 2018-May-22 — /Travel PR News/ — Singapore Airlines’ (SIA) regional wing, SilkAir, is to undergo a significant investment programme to upgrade its cabin products as part of a multi-year initiative that will ultimately see it merged into SIA. The programme will comprise investment of more than $100 million to upgrade the wholly owned subsidiary’s cabins… Read the full press release

Alterra Mountain Company announces more than half a billion dollars investment plan to enhance guest experience

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$555 Million Budgeted at 12 Mountain Destinations Over the Next Five Years $130 Million for 2018/2019 Including New Gondola and Three New Chairlifts DENVER, Colo., 2018-Mar-20 — /Travel PR News/ — Alterra Mountain Company reinforces its commitment to growth and investment in its family of 12 mountain destinations by announcing its initial capital improvements, with an… Read the full press release

Royal Caribbean launches Royal Amplified program with $900 million investment to modernize its fleet

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Royal Amplified will Dramatically Redefine the Future of Adventure MIAMI, FL, 2018-Mar-19 — /Travel PR News/ — Royal Caribbean International is amping up vacation adventures by reimagining its fleet with a $900 million investment. The Royal Amplified program spans 10 ships in four years, and touches every facet of the guest experience on a lineup of… Read the full press release

Qatar Airways plans to make an initial investment of up to 4.75% in American Airlines

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DOHA, Qatar, 2017-Jun-26 — /Travel PR News/ — Qatar Airways sees a strong investment opportunity in American Airlines. Qatar Airways believes in American Airlines’ fundamentals and intends to build a passive position in the company with no involvement in management, operations or governance. Qatar Airways has long considered American Airlines to be a good oneworld… Read the full press release