Tag Archives: billion

Oyo shortlists investment banks for USD 1.2 billion IPO

OYO launches COVID-19 hotel partner bereavement support

The post Oyo shortlists investment banks for USD 1.2 billion IPO appeared first on TD (Travel Daily Media) Travel Daily. SoftBank-backed Oyo Hotels & Rooms has shortlisted JP Morgan, Kotak Mahindra Capital and Citi for its more than USD 1.2 billion initial public offering in India. The three investment banks were taken on board recently. […]

Abu Dhabi cancels contract on gigantic billion dollar new airport

Abu Dhabi cancels contract on gigantic billion dollar new airport

The post Abu Dhabi cancels contract on gigantic billion dollar new airport appeared first on TD (Travel Daily Media) Travel Daily. The oil-rich Gulf emirate of Abu Dhabi is said to have cancelled a nearly $3 billion contract for a long-delayed new airport terminal that was to be dominated by Etihad Airways. According to Reuters sources […]

Amtrak Is Investing Over $7 Billion For New Modern Trains In The U.S.

Amtrak Is Investing Over $7 Billion In New Fleet Of Modern Trains In The U.S.

Share The Article Amtrak, the National Railroad Passenger service in the United States, announced this week that they are investing $7.3 billion into a new fleet of state-of-the-art trains to modernize its aging fleet and attract more travelers. Amtrak Is Investing In New Fleet Of Modern Train Amtrak will be contracting California-based Siemens Mobility Inc. […]

Nosediving net: Emirates posts $5.5 billion annual loss for first time in over 30 years

Nosediving net: Emirates posts $5.5 billion annual loss for first time in over 30 years

The post Nosediving net: Emirates posts $5.5 billion annual loss for first time in over 30 years appeared first on TD (Travel Daily Media) Travel Daily. Dubai-based Emirates airline posted a USD 5.5 billion annual loss, its first in more than three decades, after the coronavirus pandemic devastated the aviation industry. The carrier said it […]

Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane

The post Boeing to pay USD 2.5 billion for settling fraud charge over 737 Max plane appeared first on TD (Travel Daily Media) Travel Daily. Boeing has agreed to pay USD 2.5 billion to settle criminal charges in the US centred on the troubled 737 Max. Officials argued the manufacturer hid information from safety inspectors […]

Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown

Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown

The post Australia to lose 320,000 tourism jobs and USD 7 billion amid border shutdown appeared first on TD (Travel Daily Media) Travel Daily. Australia’s tourism industry is forecast to lose almost USD 7 billion and place 320,000 jobs at risk over the summer holiday period due to domestic and international border closures brought in […]

Air travel down 60% in 2020, losses hit USD 370 billion

Air travel down 60% in 2020, losses hit USD 370 billion

The post Air travel down 60% in 2020, losses hit USD 370 billion appeared first on TD (Travel Daily Media) Travel Daily. A new report from the UN agency for civil aviation has confirmed that international passenger traffic suffered a dramatic 60% drop over 2020, bringing air travel totals back to 2003 levels. The International […]

Qantas reveals shocking AUD 1 billion six-month loss

Qantas reveals shocking AUD 1 billion six-month loss

The post Qantas reveals shocking AUD 1 billion six-month loss appeared first on TD (Travel Daily Media) Travel Daily. As the COVID-19 pandemic left a terrible horror mark in the aviation industry and proved to be a fatal blow, Qantas has now posted an underlying loss of AUD 1.1 billion (USD 858 million) in the […]

Saudi Arabia announces USD 3 billion luxury mountain hub plan

Saudi Arabia announces USD 3 billion luxury mountain hub plan

The post Saudi Arabia announces USD 3 billion luxury mountain hub plan appeared first on TD (Travel Daily Media) Travel Daily. Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Deputy Prime Minister and chairman of the Public Investment Fund (PIF) in Saudi Arabia has announced the launch of Soudah Development Company (SDC) […]

Delaying restart of international travel will cost UK economy USD 37 billion: WTTC

Delaying restart of international travel will cost UK economy USD 37 billion: WTTC

The post Delaying restart of international travel will cost UK economy USD 37 billion: WTTC appeared first on TD (Travel Daily Media) Travel Daily. The World Travel & Tourism Council (WTTC) has warned that nearly GBP 27 billion (USD 37.46 billion) will be lost from the UK economy if the government delays restarting international travel […]

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