airberlin files for insolvency | German Government offers support | airberlin continues flight operations
Berlin, 15 August 2017 – airberlin has today filed to commence insolvency proceedings under self-administration at the local District Court (Amtsgericht) of Berlin-Charlottenburg, in order to continue with the restructuring process that is already underway.
The Federal German Government, Lufthansa and other partners are supporting airberlin in its restructuring efforts. The Federal Government is supporting airberlin with a bridging loan of 150Mio Euro to maintain flight operations for the long-term.

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“We have been informed that airberlin has filed for administration.
“This development is extremely disappointing for all parties, especially as Etihad has provided extensive support to airberlin for its previous liquidity challenges and restructuring efforts over the past six years.

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ITE HCMC

The welcome tradition of hosting the Israel Medical Convention continued also this year in ICC Jerusalem. Among the important issues for discussion this year were latest developments in the field of cannabinoid research and medical policy related to it.

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THAI and its subsidiaries announces its second quarter of 2017 with operating loss at the amount of THB 1,542 million (13.5% less than the same period last year), resulting from the escalating jet fuel prices by 20.1% and passenger yield decreased by 10.9% compare to the previous year due to the intense competition and reduction of fuel surcharge, despite cabin factor was the highest in the 10 years. After deducting one-time expenses, a loss from changes in ownership interest in Nok Air, impairment loss of assets and aircraft and loss on foreign currency exchange, THAI and its subsidiaries reported the net loss of THB 5,208 million.

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Gross revenues have risen by €1 billion in the past two years. Some 14.7 million visitors stayed overnight in Berlin in the first half of 2017.Visitors spend more money in the city.The tourism industry in Berlin has broken yet another record. Over the past two years, the gross amount of revenue generated by visitors to the German capital has climbed by about €1 billion to €11.58 billion a year. This is the result of a new 2016 study on tourism as an economic factor conducted by dwif-Consulting GmbH for visitBerlin. The positive trend continued in the first half of 2017: the number of overnight stays in hotels and pensions rose moderately by 1.8 per cent to 14.7 million. This growth is also reflected in higher revenues.

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The Centre Secures A Host Of High-Profile Business Events
It has been a fruitful first seven months of the year (2017) for the Kuala Lumpur Convention Centre (the Centre) as it hosted 667 events, which attracted over 970,000 delegates and visitors and delivered an economic impact of over RM285 million to Malaysia. This is an increase of 249 events or 37% and an additional 240,000 delegates and visitors, compared to the corresponding period last year.

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