Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email

Page created by Julio Bradley
 
CONTINUE READING
Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email
Sunday 31 May 2020   To advertise contact: Tel: 44557 857 or email: adv@pen.com.qa
Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email
04 CLASSIFIEDS   SUNDAY 31 MAY 2020
Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email
SUNDAY 31 MAY 2020                                                                                                                                                                                                    CLASSIFIEDS                                   05

                                                                                                                                                                    LABOUR CAMP FOR RENT                                                        USED CONTAINERS
    ACCOUNTING SOFTWARES                                                                   GENERATORS SERVICING                                                                                                                                 (Sales & Rentals)
ARTECH                                                                                  ARMSTRONG                                                               WOKEER INDUSTRIAL AREA                                                       ARMSTRONG
Sage Accounting, Peachtree, QuickBooks, Dynacom,                                        Repairs/Spare Parts & Rentals. Power from 5KVA to 2000KVA Sales/        From 150 - 200 Labors                                                        New & Used Containers - Sales/Rental (Certified & Uncertified)
DacEasy, Tally, POS, Bar Code, Fixed Assets Software’s.                                 Services/ Spare Parts & Rentals. Annual Contracts.                      Mobile: 660 02 704 (Steve)                                                   Mobile: 557 80 396 (Steve)
Tel: +974 44375654 E-mail: artech@ar-technology.net                                     Mobile: 555 54 274 (Kumar) E-mail: secretary@armstrongmachinery.com     E-mail: portacabins@iescoqatar.com                                           E-mail: portacabins2@iescoqatar.com www.iescoqatar.com.
                                                                                        www.armstrongmachinery.com
    ADVERTISING OVERSEAS                                                                                                                                                                                                                        WAREHOUSE FOR RENT
    NEWSPAPER                                                                              HOME CARE                                                                MEDIA SERVICES
GEM ADVERTISING & PUBLICATIONS                                                                                                                                                                                                               WOKEER INDUSTRIAL AREA
(Overseas Newspaper Advertisements)                                                                                                                                                                                                          Available Sizes: 358/415/510/830/1340 Sqm.
Tel: 44442001 - GSM: 55783303                                                                                                                                                                                                                Mobile: 660 02 704 (Steve)
                                                                                                                                                                                                                                             E-mail: portacabins@iescoqatar.com

    ATTESTATION                                                                                                                                                                                                                                 WATER TANK CLEANING
                                                                                                                                                                                                                                             AL MUTWASSIT CLEANING & PEST CONTROL
                                                                                                                                                                                                                                             Kharaba st, Behind white Mosque.
                                                                                                                                                                                                                                             Fax: 443679 99 - GSM. 55875920/55860432

                                                                                                                                                                                                                                             CAPITAL CLEANING COMPANY
                                                                                                                                                                                                                                             Cleaning Water Tanks & Pest Control.
                                                                                                                                                                                                                                             GSM: 55565328/ 33189899 Tel: 44582257
                                                                                                                                                                                                                                             E-mail: capitalcleaningwll@gmail.com

                                                                                           HR CONSULTATION                                                          PARTY ITEMS &
                                                                                        HELPLINE GROUP                                                              BALLOON DECORATION
                                                                                        Complete Manpower Solutions                                             PARTY KINGDOM
                                                                                        Business Structure and Business Planning                                Near Jaidah Flyover, Nasrallah Centre.
                                                                                        Tel: (+974)-44271100 Mob: 77711129                                      Tel: 44353501/ 44366431
                                                                                        Web: helplinehrconsulting.com
                                                                                                                                                                E-mail: partykingdom10doha@yahoo.com
                                                                                        AL SALEH GROUP(HR)
                                                                                        Tel: 44423838                                                               PORTA CABINS
                                                                                        Send CV to Email: alsalehmanpower444@gmail.com                              (Sales & Rentals)
                                                                                           INVEST IN QATAR                                                      ARMSTRONG
                                                                                                                                                                Porta Cabins/Pre-Fabricated Buildings/Toilets/Security Cabins.
                                                                                        QUEENS LAND SERVICES                                                    Fire Rated/Non Fire Rated. Mobile: 557 80 396 (Steve)
                                                                                        Business Set-up and Sponsorship.                                        E-mail: portacabins2@iescoqatar.com www.iescoqatar.com.
                                                                                        Debt Collection. Real Estate Services
                                                                                        Mob: 77776917 E-mail: info@qlsqatar.com                                     PORTABLE & CHEMICAL TOILETS
                                                                                                                                                                    (Sales & Rentals)
                                                                                            IMMIGRATION SERVICES
                                                                                                                                                                ARMSTRONG
                                                                                                                                                                Five Peals-USA Sales/Rental Service/Cleaning, Sewage Removal.
                                                                                                                                                                Daily/Monthly/Yearly. Mobile: 557 80 396 (Steve)
AL HAYIKI TRANSLATION & SERVICES EST.                                                                                                                           E-mail: portacabins2@iescoqatar.com www.iescoqatar.com.
Authorized Translation & Certificate Attestation since 1992
Sofitel Complex (Mercure Hotel) Ground Floor, Office No. 25
Mob: 33411150 & 33411153, Tel: 44367755 & 44181990
E-mail: hayiki4u@gmail.com Web: www.alhayikitranslation.com
                                                                                                                                                                    RENT A CAR

ASIA TRANSLATION & SERVICES CENTRE                                                                                                                              BUDGET RENT A CAR
Leading Legal Translators & Document Legalization Since 1987. Indian Certificate                                                                                Competitive Rates for Car Rental & Leasing, 24/7 Airport Rental Section,
Attestation. Head Office: 44364555/50233133 - Al Hilal Branch: 44621334 - Salwa                                                                                 Free Road Side Assistance, Easy & Fast Booking Process
Road Branch: 66038181 Mobile Contacts: Sufiyan - 66192881/Yoonus - 77813190                                                                                     Head Office: Barwa Village T: 44325500 M: 66971703 Toll Free: 800-4627
                                                                                                                                                                Email: info@budgetqatar.com Website: www.budgetqatar.com
ALWASEEM TRANSLATION & SERVICES CENTER
Authorized Translators - Company Formation and PRO Services
                                                                                                                                                                AL MUFTAH RENT A CAR
(Opp-Karwa Bus Stat. Doha, Al-Saeed Buil.2nd Floor.)
                                                                                                                                                                Main Office: D’ Ring Rd, T: 44634444/44010700 Branches:
                                                                                                                                                                Airport: 44634433 Al Khor: 44113344 E Mail:
M : 50822292 / 31586616 T : 44116727
                                                                                                                                                                reservations@rentacardoha.com Website: www.rentacardoha.com
E-mail : info.alwaseemtranslation@gmail.com
Web : www.alwaseemtranslation.com                                                                                                                               OASIS RENT A CAR
                                                                                                                                                                YOU RENT MORE THAN A CAR WITH OASIS
HELPLINE GROUP                                                                                                                                                  Allen: 6641 7354 Tel: 4413 0011 - OasisCars.com
Certificate attestation from INDIA| UK | USA | CANADA | PHILIPPINE and Gulf Countries                                                                           Rental@OasisCars.Com - - Great deals on long term rentals
20 Years of experience and ISO Registered Company
HELPLINE GROUP, C Ring Road Tel:(+974)-44271100                                                                                                                 NATIONAL - ALAMO RENT A CAR
Mob: 31550149 Email: info@Qatarhelplinegroup.com                                                                                                                Cars - 4WDs - Pickups - Buses - Chauffeur Drive
                                                                                                                                                                Call: 5547 8150, 5040 0624 Web: www.national-qatar.com
      A/C MAINTENANCE &                                                                                                                                         E-mail: info@national-qatar.com
      SERVICES                                                                                                                                                  REGENCY FLEETS (A Regency Group Co.)
                                                                                                                                                                Special Corporate leasing and Rental rates. Price includes Comprehensive
ARMSTRONG                                                                                                                                                       Insurance, Maintenance, Replacement Vehicle etc. Driven by Values. E-mail:
Window/Split/Package/Central Units. Sales, Services, Spare Parts/Window/                                                                                        info@regencyfleets.com Tel: 44433822/44554046/44554048 Fax: 44554047
Split & Central A/C. Annual Contracts. Mobile: 555 54 274 (Kumar)                                                                                               Airport Branch (24hrs): Tel.: 70482655
E-mail: service@armstrongmachinery.com www.armstrongmachinery.com

                                                                                                                                                                    REAL ESTATE
    BUSINESS SET-UP
                                                                                                                                                                AL MUFTAH SERVICES
HELPLINE GROUP                                                                                                                                                  Tel: 44634444/44010700 Mob: 55542067/55823100
Company Registration, Local Sponsorship, Trademark, Feasibility Study,                                                                                          E Mail: reservations@rentacardoha.com
Tax systems and PRO Services. Our branches QATAR| KUWAIT | UAE |                                                                                                Website: www.rentacardoha.com
INDIA | UK | CANADA. (formed more than 3000 companies)
HELPLINE GROUP, C Ring Road Tel: (+974)-44271100                                                                                                                AL SALEH REAL ESTATE
MOB: 77711129 Email: cf@qatarhelplinegroup.com                                                                                                                  Tel: 44423838. Mob: 33721133
                                                                                                                                                                E-mail: abnaasalehgroup@gmail.com

    CALIBRATION SERVICES                                                                                                                                            SCAFFOLDING

                                                                                                                                                              APOLLO ENTERPRISES SCAFFOLDING DIVISION
                                                                                                                                                              Contract/Hire/Sale - Salwa Road.
                                                                                                                                                              Tel: 44693334 Fax: 44416274
                                                                                                                                                              GSM: 55521089/55560246/55536285
                                                                                                                                                              www.apollo-qatar.net - E-mail: apolloscaff@qatar.net.qa

                                                                                                                                                                    SEWAGE & WASTE REMOVAL
                                                                                                                                                              ARMSTRONG
                                                                                                                                                              1000-4000 Gallon Tankers -
                                                                                                                                                              Daily/Monthly/Yearly Contracts.
                                                                                                                                                              Mobile: 660 41 449 (Neil)
                                                                                                                                                              E-mail: portacabins6@iescoqatar.comwww.iescoqatar.com.

                                                                                                                                                                    TRANSLATION
                                                                                                                                                              HELPLINE GROUP
                                                                                                                                                              Authorized Translation Centre.
                                                                                                                                                              We speak more than 100 Languages. C Ring Road,
                                                                                                                                                              Near by Toyota Signal Tel: (974)-44271100
                                                                                                                                                              Mob: 70114857 Email: info@helplinetranslation.com

    CLEANING AND MAINTENANCE

CAPITAL CLEANING COMPANY W.L.L.
Complete General Cleaning Services for Old and New Villas
Tel: 44582257 Mobile: 33189899/ 55565328
E-mail: capitalcleaningwll@gmail.com

AL MUTWASSIT CLEANING & PEST CONTROL
Complete General Cleaning For Residential & Commercial. Supply
of Cleaning Staff on Contract Basis. Pest Control Services. Office:
44367555 Mob: 30029977/55875920 E-mail: info@amcqatar.co                                     MASSAGE
AL SALEH CLEANING & HOSPITALITY                                                         KOTTAKKAL AYURVEDIC MASSAGE CENTRE
Complete General Cleaning Services for Old & New Villas.                                Ayurvedic Massage, Philippine & Thai Massage.
Tel: 44423838 GSM: 55508393 - 55526943 - 50190005                                       Near Badriya Signal, Bin Mehmood.
                                                                                        Tel.: 44360061 GSM: 33453697

    EVENT RENTALS/ ABLUTION                                                             MEDIHERB MASSAGE
    TOILETS                                                                             Kerala Ayurvedic, Thai, Philippine Massage (Gents & Ladies)
                                                                                        for back pain, body pain, arthritis etc shirodhara, steam,
ARMSTRONG                                                                               Moroccan Bathe, Body Scrub etc. E-Ring Road,
Ablution & Event Toilets Rental, Porta Cabins,                                          Near ICC Signal, Nuaija. Tel: 66167700 - 50736611
Chemical Toilets & Other Equipment Rental.
Mobile : 557 80 396 (Steve) E-mail: portacabins2@iescoqatar.com                         AUTHENTIC THAI MASSAGE CENTERS
www.iescoqatar.com                                                                      FB: Royal Thai Men Spa, New Slata (Men Only)
                                                                                        www.thaimassagedoha.com, Tel: 44666145
                                                                                        FB: Royal Thai Lady Spa, Al Waab (Ladies Only)
                                                                                        www.royalthailadyspa.com, Tel: 44142400
Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email
02         BUSINESS                                                                                                                                                         SUNDAY 31 MAY 2020

                                                                                                                                                                              Real Gross Domestic Product

   EM Asia is set for a gradual                                                                                                                                                           (%, year on year)

   economic recovery
   The novel coronavirus                   and the timing of the virus            about the impact of COVID-19           economic recovery of EM Asia
   (COVID-19) outbreak spread              expansion. Infections in China,        on GDP in Q2, but the “opening         will be rather gradual and slow
   rapidly around the world. Gov-          South Korea, Thailand,                 up” of the EM Asian economies          over the second half of the year.
   ernments have responded with            Malaysia, Singapore (initial           will provide insights of the speed         First, several restrictions
   containment and mitigation              wave) and Vietnam happened             of recovery. This is particularly      towards public gatherings, work,
   policies, including testing, iso-       relatively early, whereas sig-         obvious in countries that are          social distancing, traffic and other
   lation of infected patients and         nificant outbreaks took only           comfortably on the other side of       activities are expected to remain
   comprehensive social dis-               place weeks later in Indonesia         the peak with regards to new           partially in place. Therefore, a full
   tancing measures.                                                              infections (China, South Korea,        return to pre- COVID-19 nor-
       However, the spread of the                                                 Vietnam, Thailand and                  mality seems unlikely. This will
   outbreak affected the behaviour                 QNB ECONOMIC                   Malaysia), potentially setting up      naturally limit output capacity,
   of both households and corpo-                   COMMENTARY                     for a quick rebound. But               placing a cap on the recovery
   rates, causing a deep downturn.                                                optimism should be measured.           over the next few months.
   This analysis delves into the           and the Philippines. Moreover,             Moving away from more                  Second, irrespectively of           expansive fiscal stance. While       containing potential new waves
   recent experiences of selected          South Korea and Vietnam were           strict forms of social distancing      government            mandated          local central banks have             of virus spread. Crucial parts of
   economies of East and Southeast         able to identify root causes of        bears the risk of a “second            measures, individuals and               lowered rates by a minimum           the progress made by countries
   Asia (EM Asia), including China,        virus spread early on and              wave” of infections which              private institutions are likely to      of 50 to up to 125 basis points      such as China, Korea, Vietnam
   South Korea, Indonesia,                 therefore experienced less             would require the return of            become more risk averse when            and fiscal authorities launched      and initially Singapore were
   Thailand, Malaysia, Singapore,          drastic containment policies           strong mitigation policies. The        it comes to both financial and          spending packages ranging            related to testing and tracing
   Philippines and Vietnam.                (massive testing, isolation of         case of Singapore provides an          health issues. As a result, their       from 2 percent to 17 percent of      capabilities. Without a robust
       Gross domestic product              infected patients and only             important cautionary tale. After       marginal propensity to save             their respective GDP, it will        containment strategy, countries
   (GDP) data for Q1 2020 in EM            regionally targeted compre-            a success in initially controlling     rather than to spend or invest          most likely take several months      would not be able to maintain a
   Asia came out weak, ranging             hensive social distancing). The        the epidemic and in providing          should increase, dampening              for the stimulus to generate a       flat curve of new cases for long.
   from 3.8 percent to -6.8                magnitude of the initial spread        the required health infra-             consumption and investment.             significant pick up in con-               In brief, existing challenges
   percent year-on-year (y-o-y)            required China and Thailand            structure, the country faced a             Third, policy support to            sumption and investment.             will likely place a cap on the
   from 1 percent to 7 percent             to launch more comprehensive           significant second wave of             boost growth will take time to              Fourth, not all countries        ongoing economic recovery of
   y-o-y in the previous quarter.          and broad mitigation policies,         cases after a period of                permeate through the                    have a robust healthcare infra-      EM Asia. Expected rebounds are
   The difference in performance           including large-scale, strict          normalization.                         economy. This is valid for the          structure in place to ramp up        set to be rather gradual and
   is explained by both the mag-           social distancing measures.                All in all, we believe that        monetary policy accommo-                capacity and put together the        will, vary markedly from
   nitude of the epidemic spread                There is still uncertainty        four reasons explain why the           dation as well as for the more          necessary capabilities for           country to country.

  Britain to launch                                                              EU to revamp steel-import                                                                                              Investments
                                                                                                                                                                                                        in Singapore
                                                                                 controls as economy recovers                                                                                           exceed annual
  big stimulus                                                                   BLOOMBERG                                                                                                              target in 4 months

  package before                                                                 The European Union plans to
                                                                                 revamp its steel-import restric-
                                                                                 tions to guard against major
                                                                                 market distortions as the bloc’s
                                                                                                                                                                                                        BLOOMBERG

                                                                                                                                                                                                        Singapore secured S$13bn
                                                                                                                                                                                                        ($9.2bn) in investment commit-

  summer: Report                                                                 economy recovers from the
                                                                                 effects of the pandemic.
                                                                                     The proposed changes apply
                                                                                                                                                                                                        ments in the first four months of
                                                                                                                                                                                                        the year, exceeding earlier targets
                                                                                                                                                                                                        for the full year, even as the city-
                                                                                 to EU import curbs introduced                                                                                          state tackled the COVID-19 pan-
 REUTERS — LONDON                                                                two years ago to prevent a con-                                                                                        demic, Trade and Industry Min-
                                                                                 troversial 25 percent US levy on                                                                                       ister Chan Chun Sing (pictured)
 Britain’s government is                                                         foreign steel from diverting                                                                                           said in a media briefing and
 planning to launch a big                                                        global shipments to the European                                                                                       Facebook post yesterday.
 stimulus package before the                                                     market and flooding it.                                                                                                     The amount exceeded initial
 summer with a focus on cre-                                                         The European “safeguard”                                                                                           targets of S$8bn to S$10bn for the
 ating jobs and infrastructure                                                   measures involve a 25 percent                                                                                          whole year, said Chan, and came
 projects to help drag the                                                       tariff on EU imports of 26 types                                                                                       from sectors such as electronics
 economy out of the corona-                                                      of steel ranging from stainless                                                                                        and info-communications.
 virus crisis, the Financial                                                     hot-rolled and cold-rolled sheets                                                                                           Singapore-based companies
 Times reported, yesterday.                                                      to rebars and railway material                                                                                         including Micron Technologies
     Finance minister Rishi                                                      when the shipments exceed a                                                                                            Inc, Lazada Group and Shopee
 Sunak (pictured) declined on                                                    three-year average. The planned                                                                                        are continuing to hire, Chan said,
 Friday to say whether he                                                        overhaul stops short of quota cuts      A file photo of steel rolls stacked in an inventory of a steel factory          even as a slide in retail and
 would bring forward his next                                                    demanded by European                    in Germany.                                                                    tourism demand has led to job
 budget statement, due in the                                                    producers.                                                                                                             losses and an overall rise in
 autumn, to spell out how he                                                         “It is fundamental that the        surge in shipments to Europe as          global TRQ for hot-rolled flat         unemployment.
 will tackle Britain’s surging          have to gradually start con-             gradual resumption of activity         national lockdowns are eased.            products with the default system            The government will con-
 debt.                                  tributing to the government’s            and return to normality take                “The proposed adjustments           of combined country-specific           tinue with measures to support
     But Prime Minister Boris           hugely expensive wage                    place in an orderly manner, in         should deter any undue stock-            quotas for the biggest traditional     jobs and businesses through this
 Johnson’s government was               subsidy scheme, but only                 such a way that all participants       piling behaviour in the very early       suppliers and residual quotas for      period, he said, while the Straits
 elected in December after              from August.                             in the EU steel market find their      phases of the recovery that could        the rest. Introduction of a global     Times cited him as saying a
 promising to upgrade the                   The government has been              traditional place,” the Brussels-      empty the market in an oppor-            TRQ for stainless steel hot-rolled     decision would be made next
 country’s creaking infra-              paying since March 80                    based European Commission, the         tunistic manner,” the com-               sheets and strips. Split of a TRQ      week on whether to hold the Sin-
 structure and the FT said this         percent of the wages of                  bloc’s executive arm, said in a        mission said. “These opportun-           for large welded tubes into two        gapore Grand Prix motor race in
 would form a central part of           workers who are temporarily              notice published on Friday             istic practices not only seriously       sub-TRQs -- one for tubes nor-         September.
 its recovery programme,                laid off, and who now total              evening. The changes are due to        endanger the obligation to pre-          mally used in large engineering
 along with the retraining of           8.4 million, to limit a surge in         take effect on July 1.                 serve traditional trade flows in         projects and the second for
 workers.                               unemployment.                                The coronavirus sent the           terms of origins, but also risk          product types not used in such
     “We are trying to identify             While that has been                  European economy into a tailspin       unduly displacing domestic               projects.
 shovel-ready projects - we             warmly welcomed by unions                shortly after the commission in        production.”                                  Establishment for countries
 want to get a move on with             and business groups there                February began a routine review             Some of the main planned            that have exhausted their spe-
 this,” it quoted one minister          are still fears that many jobs           of the EU steel-import limits.         changes to the EU’s management           cific quotas of three regimes for
 as saying.                             will go in sectors which will            Slumps in the region’s con-            of the import limits, which are          accessing residual quotas (to
     Sunak said on Friday that          struggle to reopen, such as              sumption and production of the         known as tariff-rate quotas, or          replace the default scenario of
 employers hammered by the              hospitality, retail and                  metal sparked concerns about           TRQs include: Move to quarterly          access in the last quarter of a
 coronavirus shutdown would             aviation.                                stockpiling in exporting countries     management of all country-spe-           period): prohibition, limited and
                                                                                 such as China and a possible           cific quotas.Replacement of a            status quo.

Germany reaches EU deal on €9bn Lufthansa bailout
BLOOMBERG                              balance, Germany on Monday             advantage of the slots.               country doesn’t give its com-
                                       offered the carrier a package of             For the first 18 months, for    panies an unfair advantage.
The German government worked           loans and equity investment to         example, the capacity is reserved         The bloc’s regulators will
out its differences with the           keep it aloft. But after the EU        for new competitors in Frankfurt      assess the German aid package
European Commission over a             demanded it give up slots, the air-    and Munich. With the global           “as a matter of priority,” the EU
€9bn ($9.9bn) bailout of               line’s supervisory board unex-         airline industry in retreat, the      said yesterday.
Deutsche Lufthansa AG, clearing        pectedly held off on accepting         likelihood of a fresh entrant may         Discount operators are the
the way for the rescue of Europe’s     this lifeline -- throwing the rescue   be limited.                           most likely to show interest in the
biggest airline to move forward.       plan into turmoil after weeks of             The EU is comfortable with      new capacity, Strickland said. If
     After intense talks, the com-     talks. Ultimately, the EU pared        the deal, having overshot in its      the slots had become available
mission and the German gov-            back some of its demands.              initial demands in anticipation of    before the coronavirus, Lufthansa
ernment agreed that Lufthansa               “There will be worries for        a compromise, according to a          “would have been concerned
will reduce its presence at air-       Lufthansa about other airlines         person familiar with the matter.      about long-haul rivals, but that’s
ports in Frankfurt and Munich by       moving in, but the slot rules          It’s not certain the remedy will be   really gone now with markets so
four aircraft each. The accord,        would seem to limit the threat,”       taken up, but regulators didn’t       weak.”
which the airline’s management         said John Strickland, director of      have time to test the interest, the       Of the two main European
said it would accept, would give       JLS Consulting in London, who          person said, asking not to be         discounters, Dublin-based
a toehold to new competitors           has held senior positions at           identified on a confidential          Ryanair already has slots at
hoping to challenge the dominant       British Airways and KLM.               matter. The commitments will          Frankfurt’s main airport. UK-
German carrier on its home turf.            The EU conditions kick in         “enable a viable entry or             based Easyjet Plc has a presence
     The compromise settles a          when airports become congested         expansion of activities by other      in Munich. At least initially, each
high-stakes showdown that              again, at which point Lufthansa        airlines at these airports to the     would be unable to use the new
played out over the past week,         will have to surrender as many         benefit of consumers and              capacity in the location where it’s
pitting the European Union’s           as 24 takeoff-and-landing slots        effective competition,” the EU        already planted a flag.
most powerful member state             at Munich and the same at              said in an emailed statement.             Another growing low-cost
against the regulator tasked with      Frankfurt, enough for a com-                 Talks with the EU over other    carrier, Wizz Air Holdings Plc,
ensuring fairness in the bailout       petitor to base four planes at both    aspects of the deal will continue,    recently pulled out of
process. The economic damage           airports, each making three daily      a spokeswoman for Germany’s           Frankfurt. In an interview,
of the coronavirus crisis has          round-trips. There are significant     economy ministry said.                Chief Executive Officer Jozsef
unleashed an unprecedented             catches, however, that suggest               The agreement would then        Varadi called the bailout
gusher of state aid, led by Ger-       the strongest potential benefici-      require approval of Lufthansa’s       “market distorting,” and said
many’s €600bn ($666bn) effort          aries, such as Ryanair Holdings        supervisory board, followed by        the slots don’t come close to
to shore up its economy.               Plc, a loud critic of the Lufthansa    a formal signoff by the EU, which     balancing out the amount of
     With Lufthansa’s future in the    aid, won’t be able to fully take       polices state aid to ensure one       aid Lufthansa is getting.
Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email Sunday 31 May 2020 To advertise contact: Tel: 44557 857 or email
You can also read