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Wizz Air Abu Dhabi to shut down operations by September
The airline cited high costs associated with maintenance problems along with airspace closures
More potential crypto payments for flights + at airports
Plus: CDB lists dual-currency bonds on Nasdaq Dubai
Adia, PAI Partners acquire controlling stake in French aviation firm Alvest + Adia mulls sale of stake in Equis
The investment aims to drive Alvest’s expansion and innovation plans
Du, Omantel activate 275-km subsea cable
Plus: Metro Blue Line project management contract goes to Parsons
BioSapien lands more funding from Globinvest
Plus: Drake and Scull kicks makes real estate debut with land acquisition
THIS MORNING: EU antitrust regulators resume the review of Adnoc’s Covestro bid + ADIA eyes a minority stake in utilities firm Aggreko
Plus: Thales is in talks to open an artificial intelligence research center in Abu Dhabi
Flydubai breaks ground on USD 190 mn MRO hub in Dubai South
Plus: Abu Dhabi’s Knowledge Group acquires corporate training firm Biz Group
UAE sets rules for hybrid eVTOL-helicopter operations
The regulations come as more air taxis conduct test flights ahead of commercial launch later this year
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