Thursday, January 16

Author: Editorial Team

This account is used by the Editorial Team to publish press releases, videos and much more.
WFS to Focus on Reshaping Airline Resilience Post-COVID
2Sep By Editorial TeamNo Comments
Business

WFS to Focus on Reshaping Airline Resilience Post-COVID

The International Air Transport Association (IATA) announced that the 2022 World Financial Symposium (WFS) will focus on reshaping airline resilience. The event will take place from 19-22 September in Doha, Qatar, with Qatar Airways as the host airline. Following the greatest shock to aviation in history, the industry is emerging rapidly from the pandemic and government-mandated travel restrictions of the past two years. Industry losses are expected to reduce to $9.7 billion this year from nearly $180 billion in red ink in 2020-21. As travel barriers fall in most regions, very strong demand is supporting expectations for a recovery to pre-COVID-19 traffic levels by 2024, with profitability a possibility in 2023. At the same time airline debt levels have soared as carriers borrowed to...
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American Airlines announces agreement to purchase Boom Supersonic Overture Aircraft, places deposit on 20 Overtures
2Sep By Editorial TeamNo Comments
Travel & Food

American Airlines announces agreement to purchase Boom Supersonic Overture Aircraft, places deposit on 20 Overtures

American Airlines and Boom Supersonic today announced the airline’s agreement to purchase up to 20 Overture aircraft, with an option for an additional 40. American has paid a non-refundable deposit on the initial 20 aircraft. Overture is expected to carry passengers at twice the speed of today’s fastest commercial aircraft. Boom Supersonic’s Overture would introduce an important new speed advantage to American’s fleet, which is currently the simplest, youngest and most efficient among U.S. network carriers. Under the terms of the agreement, Boom must meet industry-standard operating, performance and safety requirements as well as American’s other customary conditions before delivery of any Overtures. “Looking to the future, supersonic travel will be an important part of our ability t...
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Festival Street 2022 to ignite Toronto with free screenings, interactive activations, and musical performances
2Sep By Editorial TeamNo Comments
Lifestyle

Festival Street 2022 to ignite Toronto with free screenings, interactive activations, and musical performances

Back for its seventh year, the excitement and fun of the Toronto International Film Festival pours out from the theatres onto Festival Street and over to David Pecaut Square. King Street West between Peter Street and University Avenue will transform into the TIFF street party. Festival Street celebrations take place September 8–11, and activities in David Pecaut Square take place September 8–18. TIFF is also delighted to announce this year’s selection for the Cinematheque programme, featuring five films. “The excitement of the Festival is something we want to share with the entire city,” said Cameron Bailey, TIFF, CEO. “Festival Street is where everyone can enjoy and experience the excitement of the Festival and its celebration of film. Family-friendly events, great musical performances...
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