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A series of protests erupted in western Iran on Saturday over the death of a 22-year-old woman, Mahsa Amini, following her detention by Iran morality police w
New Delhi [India], September 6 (ANI/PRNewswire): RateGain Travel Technologies Limited (RateGain), a global provider of SaaS solutions for travel and hospitality, announced today that Jazeera Airlines, the second-largest carrier and leading low-cost carrier of Kuwait, has selected RateGain's AirGain product to dynamically adjust prices with real-time, accurate, and high-quality airfare data.
Deal creates the world's largest aviation services provider KUWAIT CITY, Aug 4, 2022 /PRNewswire/ -- Agility, a supply chain services, infrastructure and innovation company, announced that it has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business to create a world leader in aviation services in 58 countries. Once integrated, the combined company will operate as Menzies Aviation and will be the world's largest aviation services company by number of countries and second largest by number of airports served. Operating as Menzies Aviation, the combined company will provide air cargo services, fuel services and ground services at airports on six continents. Combined revenues of Menzies and NAS exceeded $1.5 billion in 2021. The new company will have approximately 35,000 employees and operations at 254 airports in 58 countries, handling 600k aircraft turns, 2 million tonnes of air cargo and 2.5 million fuelling turns per year. "Menzies and NAS will create the world leader in aviation services," said Hassan El-Houry, who becomes Chairman of the combined company, having previously held the role of NAS CEO. "We will have the scale and resources to expand and grow as the industry recovers from the COVID-19 pandemic. Commercial aviation is a key engine of global economic growth, and our customers need partners they can count on as flight volumes return." The company's customers will include Air Canada, Air China, Air France-KLM, America Airlines, British Airways, Cathay Pacific, EasyJet, Emirates, Ethiopian, FlyDubai, Frontier Airlines, IAG, Jazeera, Qantas Group, Qatar Airways, Southwest, Turkish, United Airlines, WestJet and Wizz Air. "With the combination of Menzies and NAS, our customers will receive world-class service, expanded product offerings, and the industry's best safety practices at airports on six continents," said Menzies Aviation CEO Philipp Joeinig, who will be CEO of the combined company. "Agility's backing gives us the resources to provide innovative solutions for growing and forward-thinking customers, and to develop our talent, technology, and sustainability; critical factors for our future success. It also means we are well-positioned to support our customers in tackling supply chain challenges and labor shortages." Agility Vice Chairman Tarek Sultan said, "This is a new chapter for Agility, Menzies, and NAS. By acquiring Menzies and combining it with NAS, Agility has the opportunity to unlock greater value in both. Agility has a strong track record of sustainable and responsible growth over the last two decades, driven both organically and through mergers and acquisitions, and this latest deal is part of our strategy to further accelerate that growth. For Agility, this deal creates the largest owned and operated - "controlled" - business in Agility's portfolio by revenue, headcount, and global presence. We're looking forward to seeing the new Menzies soar with Agility's backing." The boards of Agility and Menzies reached agreement March 30 on Agility's cash offer to acquire 100% of Menzies ordinary shares, which traded on the London Stock Exchange, for 608 pence a share. The deal values Menzies at approximately Pound 571 million on a fully diluted basis and approximately Pound 763 million on an enterprise value basis. About Agility Agility is a global leader in supply chain services, infrastructure and innovation. It is a pioneer in emerging markets. Agility is a multi-business operator, with companies that include a logistics parks business that is one of the largest private owners of warehousing and industrial real estate in the Middle East and Africa, an aviation services company, a liquid fuel logistics business, and companies that offer customs digitization, remote infrastructure services, ecommerce enablement and digital logistics, and commercial real estate and facilities management. Agility is also an investor in innovation, sustainability and resilience, with a growing portfolio of listed and non-listed investment partners looking to reshape their respective industries across a range of sectors. For more information about Agility, visit: Website: www.agility.com Twitter: twitter.com/agility LinkedIn: linkedin.com/company/agility YouTube: youtube.com/user/agilitycorp About Menzies Aviation Menzies Aviation has been evolving since 1833 to become one of the worlds' largest aviation services companies with operations on six continents. It provides time critical ground services, fuel services and air cargo services at more than 210 airports in 41 countries, supported by a team of 31,000 highly trained people. Best in class safety and security is the number one priority every day. Customers include Air Canada, Air China, Air France-KLM, American Airlines, Cathay Pacific, easyJet, Frontier Airlines, IAG, Qantas Group, Qatar Airways, Southwest, United Airlines, WestJet and Wizz Air. For more information about Menzies Aviation, visit: Website: www.menziesaviation.com LinkedIn: linkedin.com/company/menzies-aviation Facebook: facebook.com/menziesaviationglobal Instagram: instagram.com/menziesaviationglobal About National Aviation Services (NAS) Founded in 2003, National Aviation Services is a Kuwait-based aviation services company that leads in the emerging markets of the Middle East, Africa, and South Asia. One of the fastest-growing aviation services companies in emerging markets, NAS is owned and backed by Agility. SOURCE Agility
United Nations on Friday said that its findings showed that the shot that killed Al Jazeera journalist Shireen Abu Akleh on May 11 this year came from Israeli forces, according to a media report.
Persecution and sectarianism against minorities in Malaysia including those of the Shia and Ahmadis depict the worsening human rights situation in the country,
TOULOUSE, France, June 14, 2022 /PRNewswire/ -- Jazeera Airways, the first non-government-owned airline in the Middle East, has signed a deal with French cleantech company OpenAirlines to reduce
China is seeking to refill its strategic crude stock pipes with discounted Russian oil, a sign that Beijing is strengthening its ties with Moscow as the country
The U.S. network's investigation, which suggests Shireen Abu Akleh was intentionally killed, is based on video footage, forensic findings, audio analysis of the gunshots and eyewitness accounts