Virgin Atlantic announces £1.2bn recapitalisation | News

Virgin Atlantic has taken a step toward securing its future, announcing plans for a recapitalisation. The move was necessary following the severe impact of the Covid-19 pandemic on the global economy, the carrier said. The five-year business plan, which has the support of shareholders Virgin Group and Delta, new private investors and existing creditors, paves the way for the airline to rebuild its balance sheet. Virgin hopes to return to profitability from 2022. The recapitalisation will deliver a refinancing package worth £1.2 billion over the next 18 months in addition…

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Asmoke’s portable pellet grill is super affordable and great for small spaces – TechCrunch

Smokers and pellet grills are growing in popularity, likely because a lot more people are cooking at home – and looking for other ways to up their home chef game. The Asmoke Pellet Grill, which is currently in the final stretch of a crowdfunding campaign on Indiegogo, has a price point that’s far below most other options out there – but don’t let the price tag fool you, the grill packs more punch than its cost and portable size might suggest. Basics If you’re not familiar with pellet grills, they’re…

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Amazon Tests Primary Healthcare Programme for Employees | News & Analysis

SEATTLE, United States — Amazon.com Inc said on Tuesday it launched a pilot healthcare programme for its employees and their families to provide primary services such as vaccination and physical therapy. The move comes at a time when the world’s largest online retailer has been facing intense scrutiny from US lawmakers and unions over its limited measures to protect staff from the Covid-19 pandemic. Under the programme, a partnership with national medical group Crossover Health, 20 health centres would be built over the next few months across five cities near…

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Amazon Debuts Smart Grocery Cart

Amazon is introducing Amazon Dash Cart, a smart grocery cart designed for small to medium-sized grocery trips, according to the retailer’s website. The cart will be available for use at Amazon’s new grocery story in Woodland Hills, California, which will open later this year. The cart enables users to bypass the checkout line by employing computer vision algorithms and sensor fusion to identify the items that a shopper puts in the cart. When the shopper exits through the Dash Cart lane in the store, the sensors identify the cart and the…

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Fleetway Travel collapses into administration | News

Fleetway Travel has ceased trading and gone into administration. The company also traded under the names of Exclusive Luxury Breaks, Explorer’s Collection, Late Bargains, Luxury Holiday Collection, Phone & Fly, Sail Away, Silversurfers Holidays and Travelsmart. The company sold a variety of packages to destinations across the world. Based in London, Fleetway had around 6,500 bookings in place when it collapsed. Most are likely to be protected by ATOL. “We are aware of a number of consumers whose bookings have been cancelled by Fleetway Travel as a result of government…

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Delta projects gloomy two years ahead as losses soar | News

Delta Air Lines has reported an adjusted pre-tax loss of $3.9 billion for the three months to the end of June. The figure excludes $3.2 billion of items directly related to the impact of Covid-19. These including fleet-related restructuring charges, write-downs related to equity investments, and the benefit of the CARES Act grant recognised in the quarter. The carrier reported total adjusted revenue of $1.2 billion for the quarter, which excludes refinery sales. This is a decline of 91 per cent versus last year, on a system capacity reduction of…

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Croatia tourism demand gradually returning | News

Croatia welcomed over 600,000 international visitors in the first ten days of July, around half the figure seen during the same period last year. In numbers likely to create a measure of confidence in the sector, 4.4 million overnight stays were registered from July 1st-10th. This was around 53 per cent of the numbers achieved last year. Istria, Primorsko-Goranska and Zadar were among the most popular destinations, followed by Split-Dalmatia County, Šibenik-Knin County and Dubrovnik-Neretva County. Currently, foreign guests are mostly from Germany, Slovenia, Czech Republic, Poland, Austria, Slovakia and…

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Swatch Group Posts Its First Half Year Loss | News & Analysis

ZURICH, Switzerland —  Swatch Group, the world’s biggest watchmaker, reported its first ever half-year loss on Tuesday but Founder and Chief Executive Nick Hayek said he looked forward to a quick rebound from the Covid-19 pandemic. Swiss watchmakers have seen their sales slide due to store closures around the world and as Chinese tourists, their most important customers, could not travel and shop. Swatch suffered a net loss of 308 million Swiss francs ($327 million) in the first half of 2020 on sales down 46.1 percent to 2.2 billion Swiss…

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The Wee Hotel Company showcases best of Scotland | News

Scottish-born international hotelier Gordon Campbell Gray has launched a new collection, the Wee Hotel Company. Having spent many years travelling the world creating and opening hotels, Campbell Gray has returned to his beloved homeland to create a collection of small hotels which celebrate genuine Scottish hospitality with the very best local cuisine with the warmest of welcomes. The collection currently comprises the Three Chimneys in Skye and the Pierhouse Hotel and Seafood Restaurant in Argyll, with plans in place to expand to other Scottish locations as well as invest in…

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Ponfoort to lead Aurora Expeditions | News

Aurora Expeditions has announced the appointment of Monique Ponfoort to the role of chief executive. She will take up the role in October. Ponfoort joins the business from Ponant & Paul Gauguin Cruises where she was vice president and general manager for Asia Pacific. Aurora Expeditions chairman, Neville Buch, commented: “Monique is an impressive executive and her extensive experience in the cruise and travel industry will be of enormous value to Aurora Expeditions. “The board and I are delighted that Monique has agreed to join us. “We have a very…

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