Dubai, UAE, 19 February 2024 — Emirates Flight Catering, one of the world’s largest catering operations, has fully acquired Emirates Bustanica, formerly called Emirates Crop One, and its consumer brand Bustanica, the world’s largest indoor vertical farm.
This strategic move establishes Emirates Bustanica as a fully UAE-owned company, helping sustain the country’s vision of enhancing food and water security and its agricultural capabilities.The acquisition empowers Emirates Bustanica to leverage its local expertise and the latest tech know-how to meet the growing demands of the market.
Located near Al Maktoum International Airport at Dubai World Central, Bustanica’s 330,000sqft facility has the capacity to grow more than 1 million kilograms of exceptional quality leafy greens a year, equivalent to 3 tonnes daily, while using 95% less water than conventional agriculture.
Operating under the brand name Bustanica, the produce is available across all major retailers in the UAE such as Spinney’s, Waitrose, Carrefour, and Choithrams. Customers on Emirates and other airlines enjoy this farm-fresh produce in their salads and meals.
LAS VEGAS, Dec. 5, 2019 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars” or “Caesars Entertainment”), one of the world’s most diversified casino-entertainment providers, today announced it has completed the previously announced sale of the Rio All-Suite Hotel & Casino (the “Rio”) to a company (the “Buyer”) affiliated with Dreamscape Companies (“Dreamscape”), which is owned and controlled by Eric Birnbaum, for $516.3 million (including certain fees, expenses and $40 million in seller financing provided by a Caesars affiliate). Dreamscape acquires, repositions and/or develops hospitality, residential, retail, gaming and entertainment assets.
Caesars Entertainment Corporation logo. (PRNewsFoto/Caesars Entertainment Corporation)
In connection with the completion of the sale, a Caesars subsidiary entered into a lease with the Buyer under which Caesars will continue to operate the property for a minimum of two years and pay annualized rent of $45 million. The Buyer has the option to pay Caesars $7 million to extend the lease under similar terms for a third year. At the end of the lease term and at the request of the Buyer, Caesars may continue to manage the Rio or may provide transition services to the Buyer.
The Rio will continue to be part of the Caesars Rewards network during the lease term, and the transaction is not expected to result in any changes to the guest experience. The World Series of Poker will be hosted at the Rio in 2020 and hosting rights will remain with Caesars Entertainment thereafter. Further details on the transaction are available in the Form 8-K to be filed with the Securities and Exchange Commission.
Toulouse, 5 September 2019 – Tunisair Express and ATR, the world’s number one regional aircraft manufacturer, today confirm a firm order for three ATR 72-600s. The aircraft will renew Tunisair Express’s regional fleet and supply essential connectivity, both domestically and internationally.
The market-leading modern ATR turboprops support airline operations by burning 40% less fuel and emitting 40% less CO2, compared to a regional jet. The ATR -600 cabin will also introduce the best onboard experience to Tunisair Express passengers, including the ATR’s Cabinstream™ In-Flight Entertainment system, enabling passengers to enjoy their flight by accessing a range of multimedia content on their personal electronic devices.
Tunisair Express Director General, Yosr Chouari, said: “We have had a long and strong partnership with ATR since the early 1990s, and we are pleased to introduce the modern ATR 72-600 into our fleet thanks to the support of the Tunisian Government and parent company Tunisair. When deciding on a fleet renewal strategy, it was clear that the combination of its unbeatable economics and most eco-responsible performance made the ATR the best choice for our regional network. Furthermore, we are sure that our passengers will greatly appreciate the modern, spacious cabin with its widest-in-class seats and the new cutting edge Cabinstream™ technology giving our passengers an exceptional on board experience.”
ATR Chief Executive Officer, Stefano Bortoli, commented: “The decision of Tunisair Express for three new ATR 72-600s is a further endorsement of our product and validates our policy of continuous development. With a dispatch reliability of 99.7%, its effectiveness in hot conditions, and its performance perfectly suited to the operations envisaged by Tunisair, the ATR is the ideal aircraft to continue supplying essential connectivity throughout Tunisia and beyond its borders.”
ATR’s Market Forecast sees a demand for 350 new turboprops over the next 20 years for the Africa and Middle-East region. Regional aviation provides essential connectivity around the world. A 10% increase in regional flights generates additional increases of 5% in tourism, 6% in regional GDP and 8% foreign direct investment. Turboprops are key in connecting communities around the world: 36% of all commercial airports rely exclusively on turboprops and 50% rely, also exclusively, on regional aircraft.
About Tunisair Express: Tunisair Express is a Tunisian public airline that is a subsidiary of the Tunisair group. It serves the Tunisian domestic network as well as nearby international destinations. The company also offers a charter service, notably to European tour operators. Tunisair Express as created in August 1991, under the name Tuninter and operated its first flight in March 1992. The company transports over 300,000 passengers every year across its network. The renewal of its fleet will allow Tunisair Express, to both reinforce its domestic and neighbouring services from Tunis, as well as open new routes.
TETERBORO, N.J., May 3, 2019 /PRNewswire/ — Jet Aviation announced today that it has acquired a stake in Scottsdale Jet Center, with the intent to build and operate a new, state-of-the-art Jet Aviation branded fixed-base operator (FBO) and tenant hangar by late 2020. The new facility will complement existing tenant facilities at Scottsdale Airport, a top 15 US business aviation market.
With an expanding footprint in the US market, Scottsdale Jet Center allows Jet Aviation to continue its strategy of supporting customers in the locations they most frequent. The new facility will allow Jet Aviation to operate FBO’s in eight of the top 15 US business aviation markets.
“We are committed to growing Jet Aviation’s position as a leading FBO service provider,” said Dave Paddock, senior vice president and general manager, Jet Aviation Regional Operations USA. “Scottsdale is a highly attractive location to business jet owners and operators and is regularly ranked in the top 15 US airports. Having a presence in Scottsdale will enable our customers to have greater connectivity across the Jet network.”
Scottsdale Jet Center currently leases 45,000 square feet of office space, 24,000 square feet of T-hangar space, tie-down spaces and shades. Planning for the new FBO terminal and 30,000-square foot hangar is currently underway, with opening planned for late 2020. Thereafter, Jet Aviation plans additional phases of development to support growing customer demand.
Once opened, Scottsdale Jet Center FBO will bring Jet Aviation’s global FBO network up to 35 locations.
