Posts Tagged ‘Qatar’


[BBC News] A man has been arrested on suspicion of making a hoax bomb threat after military jets were called to escort a passenger plane to Manchester Airport.

Officers boarded the plane and arrested a passenger. Photo: Reuters / Andrew Yates

The Qatar Airways plane was escorted in to land by the Royal Air Force (RAF) following information received by the pilot.

Greater Manchester Police said it was treating it as a “full emergency”.

Armed police boarded the Doha to Manchester plane and arrested a passenger on board. All flights in and out of the airport were suspended for about 25 minutes.

The plane involved was an Airbus A330-30, which had 269 passengers and 13 Qatar Airways crew on board. It was escorted by Typhoons from RAF Coningsby in Lincolnshire.

Operations at the airport resumed at about 14:00 BST after the plane landed at a terminal. Passengers have been disembarking from the plane “as normal”, an airport spokesman said.

Josh Hartley, who boarded the plane at Doha in Qatar, said: “Well when the escort came it was very scary – I’m pretty shook up now.”

BBC News – Photo: Reuters

 

Read the full story here at BBC News…..

plane

Photo courtesy Josh Hartley / BBC News

Full BBC News updates here…..

 


BBC News
5th Aug, 2014


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[Guardian] Qatar‘s sovereign wealth fund is buying 20% of Heathrow owner BAA in a move that adds the airport operator to a portfolio of British interests including Harrods and stakes in Barclays and J Sainsbury.

Qatar Holdings says it looks forward to working with partners to enhance the industry leadership of BAA. Photo: Wikipedia

Qatar Holdings says it looks forward to working with partners to enhance the industry leadership of BAA. Photo: Wikipedia

Ferrovial, the Spanish conglomerate and the largest shareholder, is to sell a 10.6% stake in BAA’s parent company to Qatar Holding. At the same time two more shareholders have sold shares representing 9.4% of the business to the fund, leaving it with a 20% investment in the owner of the Heathrow, Stansted, Glasgow, Aberdeen and Southampton airports. The total value of the transaction is £900m.

Qatar Holding, funded by proceeds from the world’s third largest gas reserves, said the UK was an “attractive investment destination” and that it saw “long-term fundamental strength in the British economy”. It added: “Qatar Holding looks forward to working together with our fellow shareholders and the management team of BAA to enhance the company’s industry leadership and create sustainable value.”

The transaction represents further retrenchment by Ferrovial from one of the UK’s most bruising foreign takeovers, although the Spanish group denied that it is seeking a full exit. With the ink barely dry on the €16bn takeover of BAA by a Ferrovial-led consortium in 2006, Heathrow buckled under a new security regime following the interruption of a plot to bomb airliners with liquid explosives.

Ferrovial’s reputation took years to recover and in 2010 it announced plans to sell off a chunk of its 55% shareholding, which will stand at less than 40% once the Qatar deal is completed.

At the time Ferrovial, frustrated by a perceived undervaluation of BAA in its share price, said it was selling a stake to get a market value for the asset. However, analysts said it would…….

Read the full story at The Guardian……

 


Dan Milmo – Guardian.co.uk
Friday 17 August, 2012



The region’s aviation sector is booming as a result of the significant investment in the industry by many of the region’s governments.

Qatar is investing $14bn (including the new Doha International Airport)

Qatar is investing $14bn into it's ailrine industry (including the new Doha International Airport)

To date, the UAE has invested $136 billion in its aviation sector in the last two decades; the total investment alone between 2009 and 2014 is predicted to exceed $22.3bn. Qatar is investing $14bn (including the new Doha International Airport) and Bahrain’s neighbour Saudi Arabia has invested $5.3bn in recent years.

The region has also seen significant investment by individual carriers. Etihad has received high levels of investment for nine years and it is now intensifying its strategy of growing passenger numbers via tie-ups with other carriers. This includes a recent investment of $400 million through stakes in Air Berlin and Air Seychelles, with further possible investments in Aer Lingus and other ventures.

But the question is why is so much money being pumped into the aviation sector, at what benefit to these countries? Does it make economic or commercial sense or is it simply just competition to outshine one’s neighbours?

The GDN spoke to a top aviation expert who outlined the reasons. Airlines provide an infrastructure asset connecting a country’s businesses to global markets and sources of inputs and ideas offering the potential for boosting national productivity, economic growth and living standards.

Academics have argued that a positive relationship exists between higher levels of connectivity and higher level of labour productivity. It has been demonstrated that a 10 per cent rise in connectivity, relative to a country’s GDP, will boost long-term productivity.

Take Gulf Air for example, despite its losses studies conducted indicate the national carrier makes a substantial contribution to Bahrain; its GDP contribution is equivalent to 8pc of Bahrain’s total GDP. The airline is directly responsible for a contribution of $246m to Bahrain’s GDP while it indirectly supports a contribution of another $133m by its major business suppliers/partners, i.e., BAS, BAC, Bahrain Duty Free.

The airline is also indirectly responsible for a contribution of $155m through travel industry business it generates and $1,391m through the wider impact on its economy across several sectors in Bahrain such as hotels, transport, etc.

As one of the largest employers in the Kingdom providing direct and indirect employment to more than 21,000 people including 3,400 in Gulf Air alone; it is important to the economic growth of the country as it provides business links with key business and financial destinations in the world helping to attract investment.

Direct links to the financial centres such as London and Paris are essential given the importance of financial services to Bahrain. Private services businesses are highly mobile and are attracted by quality infrastructure, including air services. Losing the connectivity provided by Gulf Air would severely undermine Bahrain’s competitiveness versus other neighbouring states (e.g. Dubai and Abu Dhabi), said sources.

Gulf Air acts as a national infrastructure asset and ambassador to the kingdom helping maintain independent destination status for Bahrain providing links to key regional and global markets.

There are also substantial ‘multiplier’ contributions to GDP as those working for Gulf Air and its suppliers spend their incomes within the country.

Other airlines in the region such as Emirates, Etihad and Qatar Airways offer similar but greater benefits to their respective countries; a factor of the high levels of government investment in the aviation and tourism industries….

Read the full story at Bahrain’s Gulf Daily News….


Sunday, April 15, 2012
Gulf Daily News