The aviation industry is facing difficult times and a long recovery. The time of low-cost flights will be behind us

first_imgPhoto: Emirates Surely the time of cheap ticket prices is behind us. The price of flights will increase significantly in the long run, ie it will be in some realistic framework of sustainability. Emirates is the first airline to introduce rapid passenger tests on COVID-19 It is currently not possible to bring hand luggage on flights, except for computers, handbags, briefcases or baby care items. All other items must be handed over at check-in, and Emirates grants passengers an increase in the amount of checked baggage allowed in addition to the amount they might otherwise bring on board. After each flight, all Emirates aircraft undergo a thorough cleaning and disinfection process in Dubai. Emirates thus became the first airline to introduce rapid passenger testing on COVID-19 just before travel. A rapid blood test was performed by DHA representatives at Terminal 3 of Dubai International Airport, and the results were available within 10 minutes. Kako će koronavirus utjecati na zračni promet i aviokompanije? – jedno je od pitanja koje se logično postavlja i raspravlja globalno među strukom. According to forecasts, the real recovery of the tourism sector will begin only when the vaccine is found, and will last 2-3 years. Then the psychological / safety barrier between people will be removed, so that they can travel freely. According to current estimates, both scientists, epidemiologists, and the World Health Organization (WHO) should not expect the vaccine for another 12 months, if not longer. Of course, that does not mean that people will not travel, but certainly not in great intensity and as before. Everyone agrees that this situation will significantly affect our future way of life, business and thus the way we travel, ie the entire tourism sector. One thing is for sure, the world will be measured before and after the coronavirus. There is also the factor, ecology and sustainability, where until a year or two ago, airlines were under great pressure, and even in the Scandinavian countries, a protest and movement against air travel was launched. In the post-coronavirus era, it is ecology and sustainability that will be further expressed and sought after. Also, it will take a long time to start traveling freely as before, as well as the same intensity. We will certainly not travel all over the world and travel by plane for 5 or more hours, but will travel more regionally, locally and not too far from our home, especially in Europe. Also, the recovery will be much longer because for a while people will certainly not fly airplanes, at least en masse through the prism of tourism. The perception and feeling of fear of traveling (especially long journeys) and of being pushed like a sardine on a plane, certainly does not go aside for airlines. As well as the financial condition of the population and the long recovery and stabilization of the economy. Also, the option of having every other seat on the plane empty, respecting spacing measures, is neither sustainable nor cost-effective for airlines. The whole market pressure for cheap flights, even before the impact of the coronavirus, has led many companies to financial problems or bankruptcy, (Thomas Cook, Monarch Airlines…) because the sustainability of this business model is based solely on constant high passenger traffic with extremely high occupancy each flight. What all the changes will be is difficult to predict at the moment, but it is certain that the aviation industry will have major and long-term negative consequences. The current coronavirus pandemic is affecting all industries, and especially the tourism sector that is most directly affected. Sure and how you will have to think carefully about how to organize airports, from the check-in process, airport movements, bag collection lanes as well as boarding the plane itself. It was a question of when that bubble would burst, and now the impact of the coronavirus has only accelerated the whole process and brought many airlines to the wall overnight. States will also save financial assistance from national airlines, but certainly not low-budget ones. One of the probable scenarios is that passengers will have to be tested for coronavirus at borders, including airports, ie additional preventive measures will be introduced. Keeping in mind the social distance, Emirates has placed protective barriers at each check-in counter as additional safety measures for passengers and employees during any interaction. All employees at the airport are required to use gloves, masks and hand sanitizers. Passengers must also wear their own masks when at the airport and on the plane and follow social distancing guidelines. This state of emergency has already bankrupted some low-cost airlines, from Germanwings to Flybe, and will only unfortunately be followed by the bankruptcy of the same. Simply, so far, there has been too much pressure on the lowest possible ticket prices for low-cost flights, and airlines have been operating with a profit margin of 3-5%. “The testing process went smoothly and we want to take this opportunity to zwe thank DHA for their initiatives and innovative solutions. This would not have been possible without the support of Dubai Airport and other government bodies. We are working to increase the number of tests in the future and their introduction on other flights, which will allow us to conduct tests on COVID-19 on the spot and instant confirmation for Emirates passengers traveling to countries that require them. The health and safety of airport staff and passengers remains paramountSaid Adel Al Redha, Emirates’ Chief Operating Officer. In coordination with the national health organization Dubai Health Authority (DHA), the airline Emirates introduced additional preventive measures, so on yesterday’s flight to Tunisia, passengers were tested for COVID-19 before leaving Dubai. For health and safety reasons, Emirates has adapted the range of services intended for passengers so that magazines and other printed reading materials are not available to them, while food and drink are still served, but in customized packaging and in a special way to reduce contact with staff. One of the possible scenarios shows us Emirates. Sve u svemu, turistički sektor očekuje više nego izazovno vrijeme, a pogotovo avionsku industriju koja će ova kriza puno dublje pogoditi. Trenutno je teško bilo što planirati i predviđati kako će točno neke stvari funkcionirati. Ljudi će i dalje putovati, a turizam će se oporaviti – to je sigurno. No isto tako sigurno je i to kako će doći do velikih promjena u turističkom sektoru. For the end, I would point out good advice Kjell A. Nordströmoma, who points out that companies now have to experiment, as scientists often do. They test and see how things work. So the business sector needs to start experimenting, not planning.last_img read more

DoubleDragon finalizes P51-B asset for REIT IPO listing

first_img3. good tenant mix All of the proceeds from the listing will be reinvested in the Philippines. The intended DD Meridian Park (DDMP) REIT will consist of seven buildings with a total area of 248,349 square meters. 4. capable property management DOUBLEDRAGON Properties Corp. identified its first tranche of REIT assets comprising the leasable properties of DD Meridian Park. 2. reasonable yield above a bond coupon “We believe all of these elements are present in DoubleDragon’s leasable portfolio,” said Sia. The REIT proceeds will be enough to construct about 450,000 square meters of building floor area which will further significantly increase the leasable portfolio and recurring rental revenues of the company in the near term. 5. good pipeline of assets for future infusion In addition to the seven buildings that will form the first tranche of DDMP REIT, another two more buildings are planned to be infused in the DDMP REIT after about two to three years as these two other buildings are still currently under construction, also located in the DD Meridian Park complex. DD Meridian Park complex sits on a five-hectare prime commercial property at the corner of Macapagal Avenue and EDSA Extension at the Bay Area, Pasay City, Metro Manila. The project is LEED Gold certified. DoubleDragon Properties Corp. identified its first tranche of REIT assets comprising the leasable properties of DD Meridian Park. The intended DD Meridian Park (DDMP) REIT will consist of seven buildings with a total area of 248,349 square meters. The REIT listing will enable the total equity of DoubleDragon to surpass the P50 billion mark. 1. asset basket in a prime location that is seen to remain relevant in the next 30-50 years at least According to DoubleDragon chairman Edgar “Injap” Sia II, other than the safeguards already indicated in the REIT listing rules, REIT investors generally want five elements present: DoubleDragon currently has 803,000 square meters in its portfolio and plans to list via REIT about 200,000 to 250,000 square meters annually from 2020 to 2025, which will enable the company to unlock the values of its prime leasable assets and significantly strengthen its equity base year on year moving forward. DD Meridian Park complex sits on a five-hectare prime commercial property at the corner of Macapagal Avenue and EDSA Extension at the Bay Area, Pasay City, Metro Manila. The project is LEED Gold certified, walking distance to the LRT/MRT station and houses prominent tenants including the head office of the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) as well as the head office of the Philippine Economic Zone Authority (PEZA).  The company is preparing to file its REIT listing application with the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) on August 2020 and aims to list DDMP REIT by this year, on October 2020. The estimated value of the basket of REIT assets stands at P50,889,814,608 and DoubleDragon expects to generate P16,966,604,869 of proceeds from the planned REIT listing representing an offer of 33.33 percent of the selected REIT assets, which is the minimum public float based on the revised REIT listing rules.  As of March 31, 2020, DoubleDragon’s Consolidated Total Assets stood at P115.32 Billion while Total Equity is at P44.50 billion. Cash position stands at P5.30 billion. “The REIT valuation of US$1 billion, we believe, is an attractive size that would appeal to a strong pool of both foreign and local REIT investors,” said DoubleDragon Chief Investment Officer Hannah Yulo-Luccini. “REITs are a good way to recycle capital for expansion of the Company’s portfolio and raise equity to further boost its balance sheet. Since the offer will only cover 33.33% of the REIT basket, DoubleDragon will retain majority of the REIT assets so it will remain consolidated in the Company’s balance sheet,” added Yulo-Luccini./PNlast_img read more

Football News Everton register fourth consecutive win in Premier League, keep Europa hopes alive

first_imghighlights For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps. Liverpool: Everton kept their slim hopes of a top-seven finish in the Premier League alive as they recorded a fourth consecutive victory at Goodison Park by defeating Burnley on Friday. The Toffees have seen off Chelsea, Arsenal and Manchester United on their patch recently — by an aggregate score of 7-0 — and two goals in three first-half minutes proved decisive against the Clarets. Burnley defender Ben Mee got a telling final touch to Richarlison’s strike while Seamus Coleman headed in on the rebound as Everton ran out 2-0 winners in both sides’ penultimate fixture of the campaign. The win moved Everton up to eighth and to within a single point of Wolves in seventh — a position that will seal a Europa League berth next season if Manchester City beat Watford in the FA Cup final later this month.     Wolves could extinguish coach Marco Silva’s stated aim of European football with a win over already relegated Fulham on Saturday but this was an impressive way to sign off at home from Everton. Just as it seemed the visitors had weathered the early onslaught, they fell behind in the 17th minute as their backtracking defence gave Richarlison an invitation to rifle beyond Tom Heaton. The Brazilian’s left-foot strike from the edge of the area took a slight deflection off the unfortunate Mee, and Burnley’s luck worsened as Everton increased their lead moments later.RELATED     Lucas Digne’s rasping effort from a similar distance was parried back into the danger zone by Heaton, allowing Coleman, just onside, to stoop to head into an empty net. Everton’s second seemed to rouse Burnley, who thought they had pulled one back when Ashley Barnes expertly steered Robbie Brady’s ball into the area across Jordan Pickford, only for the assistant referee to flag for offside. Burnley showed more purpose in the early stages of the second half than they did in the whole of the opening 45 minutes. Chris Wood’s low first-time strike was saved by Pickford while Brady’s teasing ball into the area caught Johann Berg Gudmundsson unawares, leading to the ball spooning over the bar.     Burnley could not find a way back into the match, with Everton claiming an eighth clean sheet in their past 10 top-flight fixtures.center_img Everton claimed an eighth clean sheet in previous 10 top-flight games.Manchester City are playing Watford in the FA Cup final.Everton are one point behind Wolves in eighth spot currently.last_img read more

Georgia Allen leads Syracuse to 1-0 win against Northeastern

first_img Published on September 2, 2018 at 4:10 pm Contact KJ: kjedelma@syr.edu | @KJEdelman After Northeastern (2-4) outshot and outperformed Syracuse (3-2) for 80 minutes on Sunday, Georgia Allen found herself open 10 yards from the net for a score. In only her second game since returning from the U20 England national team, Allen gave SU its only goal of the day en route to a 1-0 victory. The Orange started the game on the defensive. Because it could not match the speed of Northeastern early, SU was outshot by the Huskies, eight to two in the first 28 minutes.NU had its best opportunity to score in the first half off of a Mikenna McManus corner kick 24 minutes into the game. As the ball crept to the right side of the goal, the Huskies’ Eve Goulet got off a header past SU goalie Jordan Harris. A yard next to Harris, Taylor Bennett sniffed out the potential shot from the middle of the net and cleared the ball to the end line. Five minutes later, Clarke Brown twisted in the air to shoot an off-balance right-footer. While the ball was on target, NU’s Nathalie Nidetch rolled on top of the ball to keep the score leveled.SU opened the second half with a change in the net. On Thursday against Harvard, Harris was replaced after allowing three goals in the second half. Despite not allowing a goal in the first half along with two saves on Sunday, Lysianne Proulx replaced Harris. AdvertisementThis is placeholder textThe Orange opened the second half on the offensive, unlike how SU had begun the game. Kate Hostage opened the second half with a 14 yarder that was caught by a diving Nidetch. Proulx made her presence known in the 60th minute when she dove right off an Emily Evangelista shot to save a near-goal. Most of the second half was dictated by both team’s backlines, but Proulx was still challenged in the net. In the 83rd minute, Allen took advantage of a mistake in the Huskies’ defense. Off a Sydney Brackett short cross, Allen found herself uncovered from 10 yards out. Allen cocked back her right leg before shooting a missile past Nidetch. As the minutes ticked and the Huskies got desperate, NU couldn’t muster a shot in the remaining time after Allen’s goal. After splitting a pair of games on the road in New England, SU will continue its five-game road trip in Happy Valley when the Orange take on Penn State on Thursday. Commentscenter_img Facebook Twitter Google+last_img read more