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Spirit airlines
May 2nd, 2026 - 12:50 GMT
Osama Ali

Osama Ali

Spirit airlines sinks during bankruptcy rescue amid Iran war fallout

ALBAWABA - Rising jet fuel prices have caused Spirit Airlines to give up on its recovery plan and start shutting down after failing to get a last-minute loan. The airline confirmed that all flights would be canceled and customer service would be shut down as part of an organized liquidation process. The move comes after failed efforts to get out of its second bankruptcy. Even though a large group of ...
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Both sides reported progress in the talks and China also approved majority-owned brokerage joint ventures for US bank JP Morgan Chase and Japan’s Nomura. (AFP)
March 31st, 2019 - 07:08 GMT

Progress in Trade Talk Between US, China

Blockchain and AI technologies, along with smart mobility, smart infrastructure, and sustainability, will be showcased at this year’s Future Cities Show. (Shutterstock)
March 31st, 2019 - 06:58 GMT

Investment in Smart Cities Tech to Reach $3.2 Billion in MEA by 2021

Mike Lynch’s guilt or innocence is yet to be proven, but it is tremendously sad a man with such a brilliant mind, who could be devoting his talents to creating the next British tech giant, finds himself in court instead of the research lab. (Shutterstock)
March 30th, 2019 - 07:23 GMT

The Truth Behind the War Against UK's Tech Titan

“These reforms, despite their start, still do not rise to the level expected, and this is what we said frankly to the Lebanese government,” Belhaj said after the meeting. (Shutterstock)
March 30th, 2019 - 06:07 GMT

World Bank: Lebanon Gets Nothing Without Reforms

An installation is pictured during the Dubai Design Week. (AFP)
March 30th, 2019 - 05:43 GMT

Art Sales Soar in the Region Despite Economic Downturn

Higher education is perceived as an investment into the future with international study as a platform to gain international experience. (Shutterstock)
March 29th, 2019 - 08:00 GMT

UAE Aims to Strengthen Its Position as Higher Education Hub

The business sector increased by Dh4.0 billion (32.6 per cent), the government sector by Dh518.4 million (726.1 per cent), and the individual sector by 43.3 per cent compared with the same period of 2017. (Shutterstock)
March 29th, 2019 - 07:00 GMT

Abu Dhabi's Exports Hit $4.7 Million in Q4 2018

Fuel prices were hiked last month as well. (Shutterstock)
March 29th, 2019 - 06:00 GMT

UAE Rises Petrol Prices for April

China did not introduce a voluntary disclosure scheme allowing people to declare previously hidden overseas assets and pay a penalty to avoid criminal charges. (Shutterstock)
March 28th, 2019 - 12:19 GMT

Western Transparency Fuels Chinese Suppression

The lower house of the Jordanian legislature does not have the power to cancel the deal. (Shutterstock)
March 28th, 2019 - 12:07 GMT

Jordan Votes Against Israel Gas Deal

Global air freight segment contracted 1.8% in January this year, IATA data reveal. And global year-over-year volumes fell 1.5% when compared to December 2017, which meant the year-end growth figure for 2018 was 3.3%. (Shutterstock)
March 28th, 2019 - 11:53 GMT

Air Cargo Business Faces Bleak Outlook Due to These Reasons

Spread across 7.2 million sq ft area, Sharjah Sustainable City is strategically located near the emirate's Al Rahmaniya area, easily accessible from the Sharjah International Airport and Sharjah University City. (Shutterstock)
March 28th, 2019 - 11:22 GMT

UAE Launches $544 Million Sustainable City Project

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