Friday, January 18, 2019 AVIATOUR

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Jet Airways in creditor talks over possible Etihad bailout

Aviation Report
 
India’s Jet Airways said on Wednesday it is in talks with its lenders to resolve its debt problems, amid increasing prospects of a bailout by major shareholder Etihad Airways.
Shares in Jet, which has been hit by intense competition, a depreciating rupee and high oil prices and said it was now looking at a cash injection by stakeholders and board changes, closed more than 8 per cent lower.
Representatives of the two airlines were due to meet with creditors, led by Jet’s biggest lender State Bank of India, in Mumbai to discuss a proposal that involves Etihad increasing its stake, a source familiar with the situation said.
However, India’s civil aviation secretary, R N Choubey, told reporters on the sidelines of a conference in Mumbai that control of Jet would need to remain in domestic hands.
‘Under no circumstances will we allow the substantial ownership and effective control to be busted,’ he said, adding that even if Etihad’s stake is raised to 49 per cent, the regulator will need to be satisfied that control was local.
CNBC-TV 18 reported that Etihad had offered to buy Jet shares at a 49 per cent discount and immediately release $35 million to bail out the troubled carrier, citing a letter to SBI from the Abu Dhabi airline’s CEO Tony Douglas.

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Aviation Report
 
India’s Jet Airways said on Wednesday it is in talks with its lenders to resolve its debt problems, amid increasing prospects of a bailout by major shareholder Etihad Airways.
Shares in Jet, which has been hit by intense competition, a depreciating rupee and high oil prices and said it was now looking at a cash injection by stakeholders and board changes, closed more than 8 per cent lower.
Representatives of the two airlines were due to meet with creditors, led by Jet’s biggest lender State Bank of India, in Mumbai to discuss a proposal that involves Etihad increasing its stake, a source familiar with the situation said.
However, India’s civil aviation secretary, R N Choubey, told reporters on the sidelines of a conference in Mumbai that control of Jet would need to remain in domestic hands.
‘Under no circumstances will we allow the substantial ownership and effective control to be busted,’ he said, adding that even if Etihad’s stake is raised to 49 per cent, the regulator will need to be satisfied that control was local.
CNBC-TV 18 reported that Etihad had offered to buy Jet shares at a 49 per cent discount and immediately release $35 million to bail out the troubled carrier, citing a letter to SBI from the Abu Dhabi airline’s CEO Tony Douglas.

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World’s largest cruise economy takes shape in China

Tourism Reporter
 
China is likely to become the world’s largest cruise market in the next 10 to 20 years while its travel industry and the public sector step up moves to boost marine-based tourism, the China Daily reported Monday.
According to the Cruise Lines International Association, by 2025, the number of Chinese travelers who will have experienced cruise trips is expected to grow to 8 to 10 million, marking a surge from about 2.5 million of last year.
Measures are being taken to modernize and upgrade ports to home-built ships, purchase ocean liners, develop multimodal transport mechanisms and approve longer duration visa-free visits to certain Chinese mainland areas in the neighborhood of ports, according to the report.
The east metropolis of Shanghai plans to build an integrated complex complete with duty-free shops comparable to those at its international airport. Efforts are also underway to introduce linkages between cruises, airlines, trains and buses.
The southernmost island province of Hainan has started a pilot run of its 15-day visa-free policy for tourist groups who take cruises and enter the country from ports in Hainan.
At the corporate level, the world’s largest leisure travel company Carnival Corp announced a joint venture with China State Shipbuilding Corp (CSSC) in November, which will operate its own fleet by the end of 2019.
The joint venture will purchase two existing ships from Carnival Corp’s Costa Group, a major cruise operator in Europe and Asia, and order two new cruise ships, the first China-built large cruise fleet.
However, the cruise industry in China faces a significant hiring challenge in the face of growing demand, the newspaper said. By 2020, the talent gap in the sector will reach 280,000, according to the Cruise Lines International Association.

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Tourism Reporter
 
China is likely to become the world’s largest cruise market in the next 10 to 20 years while its travel industry and the public sector step up moves to boost marine-based tourism, the China Daily reported Monday.
According to the Cruise Lines International Association, by 2025, the number of Chinese travelers who will have experienced cruise trips is expected to grow to 8 to 10 million, marking a surge from about 2.5 million of last year.
Measures are being taken to modernize and upgrade ports to home-built ships, purchase ocean liners, develop multimodal transport mechanisms and approve longer duration visa-free visits to certain Chinese mainland areas in the neighborhood of ports, according to the report.
The east metropolis of Shanghai plans to build an integrated complex complete with duty-free shops comparable to those at its international airport. Efforts are also underway to introduce linkages between cruises, airlines, trains and buses.
The southernmost island province of Hainan has started a pilot run of its 15-day visa-free policy for tourist groups who take cruises and enter the country from ports in Hainan.
At the corporate level, the world’s largest leisure travel company Carnival Corp announced a joint venture with China State Shipbuilding Corp (CSSC) in November, which will operate its own fleet by the end of 2019.
The joint venture will purchase two existing ships from Carnival Corp’s Costa Group, a major cruise operator in Europe and Asia, and order two new cruise ships, the first China-built large cruise fleet.
However, the cruise industry in China faces a significant hiring challenge in the face of growing demand, the newspaper said. By 2020, the talent gap in the sector will reach 280,000, according to the Cruise Lines International Association.

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Asian Street Food is slated for East Nashville’s former family wash space

Hawkers Asian Street Fare plans to open in late 2019

Delia Jo Ramsey

Orlando-based Hawkers Asian Street Fare has locked in an East Nashville location — to be exact, the former Family Wash space, located at 626A Main Street. Aiming to open in Nashville at the end of 2019 in the 5,000-square-foot space, Hawkers is independently owned and operated by four friends who traveled the world on a mission to curate a memorable dining experience.

Kaleb Harrell, Allen Lo, Wayne Yung, and Kin Ho built a menu based on passed-down family recipes and hand-selected street food from across Asia.

The menu online for other locations shows a sizable collection small plates like Korean twice-fried wings, five-spice green beans, and crispy golden wontons. Noodle soups, salads, noodle dishes, and rice options offer a broad selection of Asian fare from Yangzhou chow faan to pad Thai and coconut curry laksa.

Dubbed ‘Hawkers’ after the street food vendors the team encountered on their travels across Southeast Asia — those famous for hollering as passers-by to hawk their small plates — the restaurant is a scratch-only kitchen that serves small plates as they’re ready. Vegetarian dishes, plus gluten-free and pescatarian-friendly plates are plentiful. Craft cocktails, local beer, wine, and sake will be offered.

Hawkers first opened in Orlando in 2011 and has since expanded to include four additional locations throughout Florida, with plans in the works for Charlotte, Atlanta, and Delray Beach.

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Hawkers Asian Street Fare plans to open in late 2019

Delia Jo Ramsey

Orlando-based Hawkers Asian Street Fare has locked in an East Nashville location — to be exact, the former Family Wash space, located at 626A Main Street. Aiming to open in Nashville at the end of 2019 in the 5,000-square-foot space, Hawkers is independently owned and operated by four friends who traveled the world on a mission to curate a memorable dining experience.

Kaleb Harrell, Allen Lo, Wayne Yung, and Kin Ho built a menu based on passed-down family recipes and hand-selected street food from across Asia.

The menu online for other locations shows a sizable collection small plates like Korean twice-fried wings, five-spice green beans, and crispy golden wontons. Noodle soups, salads, noodle dishes, and rice options offer a broad selection of Asian fare from Yangzhou chow faan to pad Thai and coconut curry laksa.

Dubbed ‘Hawkers’ after the street food vendors the team encountered on their travels across Southeast Asia — those famous for hollering as passers-by to hawk their small plates — the restaurant is a scratch-only kitchen that serves small plates as they’re ready. Vegetarian dishes, plus gluten-free and pescatarian-friendly plates are plentiful. Craft cocktails, local beer, wine, and sake will be offered.

Hawkers first opened in Orlando in 2011 and has since expanded to include four additional locations throughout Florida, with plans in the works for Charlotte, Atlanta, and Delray Beach.


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Asian Tourism meeting concludes in New Delhi

Tourism Correspondent
 
To promote J&K “aggressively” in national and international travel market, a team of Kashmir tourism department is participating in the three-day South Asian Travel and Tourism Exhibition (SATTE), which began on Wednesday in New Delhi.
SATTE is one of the biggest travel shows in Asia providing platform for travel agents, tour operators, hoteliers, destination management companies, tourism boards to sell their products and network with their potential clients from across the globe.
Besides, state tourism department, over hundred travel agents, hoteliers, other service providers and heads of the various travel and hotel associations from Kashmir, Jammu and Ladakh are participating in the travel show to showcase the state’s tourism potential, an official spokesperson said. 
He said, Secretary Tourism, Rigzin Samphel, Director Tourism Kashmir Nisar Ahmad Wani and Director Tourism Jammu Om Prakash Bhagat along with other senior officers from the department are heading the J&K delegation.
They held interactions with the leading travel agents from within and outside the country and apprised them about the state’s tourism products.
“SATTE is one of the largest tourism shows in Asia where we can promote our tourism destinations. The department will provide all the information about the JK’s destinations, products, services to the visitors to attract them to the state,” the secretary tourism said.
Over 20,000 visitors, including domestic and international sellers and buyers, state tourism officials, heads of international tourism boards, hoteliers, and aviation experts showcased their products and services to the global trade community.
The travel show also provides an opportunity for the state tourism department to conduct business sessions with the visitors during the travel show, said the spokesperson.

Comment

Tourism Correspondent
 
To promote J&K “aggressively” in national and international travel market, a team of Kashmir tourism department is participating in the three-day South Asian Travel and Tourism Exhibition (SATTE), which began on Wednesday in New Delhi.
SATTE is one of the biggest travel shows in Asia providing platform for travel agents, tour operators, hoteliers, destination management companies, tourism boards to sell their products and network with their potential clients from across the globe.
Besides, state tourism department, over hundred travel agents, hoteliers, other service providers and heads of the various travel and hotel associations from Kashmir, Jammu and Ladakh are participating in the travel show to showcase the state’s tourism potential, an official spokesperson said. 
He said, Secretary Tourism, Rigzin Samphel, Director Tourism Kashmir Nisar Ahmad Wani and Director Tourism Jammu Om Prakash Bhagat along with other senior officers from the department are heading the J&K delegation.
They held interactions with the leading travel agents from within and outside the country and apprised them about the state’s tourism products.
“SATTE is one of the largest tourism shows in Asia where we can promote our tourism destinations. The department will provide all the information about the JK’s destinations, products, services to the visitors to attract them to the state,” the secretary tourism said.
Over 20,000 visitors, including domestic and international sellers and buyers, state tourism officials, heads of international tourism boards, hoteliers, and aviation experts showcased their products and services to the global trade community.
The travel show also provides an opportunity for the state tourism department to conduct business sessions with the visitors during the travel show, said the spokesperson.

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Fire at Kamalapur station disrupts train timings

Tourism Correspondent
 
A fire destroyed the digital control system in the signal room of Kamalapur Railway Station in Dhaka on Wednesday.
The fire was doused immediately after it started on Wednesday evening, Kamalapur Railway Police Station OC Yasin Faruq told bdnews24.com.
The authorities are operating Bangladesh’s busiest railway station manually as the fire destroyed the digital control system in the signal room, he said.
“This has hampered the schedule,” the police officer added.   
An electric malfunction might have caused the fire, he said and added that the smoke created panic.
An official at the Fire Service and Civil Defence control room told bdnews24.com that they dispatched firefighters to the railway station but the fire had already been doused.

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Tourism Correspondent
 
A fire destroyed the digital control system in the signal room of Kamalapur Railway Station in Dhaka on Wednesday.
The fire was doused immediately after it started on Wednesday evening, Kamalapur Railway Police Station OC Yasin Faruq told bdnews24.com.
The authorities are operating Bangladesh’s busiest railway station manually as the fire destroyed the digital control system in the signal room, he said.
“This has hampered the schedule,” the police officer added.   
An electric malfunction might have caused the fire, he said and added that the smoke created panic.
An official at the Fire Service and Civil Defence control room told bdnews24.com that they dispatched firefighters to the railway station but the fire had already been doused.

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