Dubai airport rises from ash



Dubai International Airport stayed on track for a record year as its passenger figures for last month grew by 14 per cent, despite the week-long flight ban into Europe caused by volcanic ash. Passenger numbers rose to 3.7 million from 3.3 million in April last year, and cargo increased 19.6 per cent to 178,000 tonnes from 149,000 tonnes.

"To record double-digit growth during a month where over 500 flights were cancelled is impressive," said Paul Griffiths, the chief executive of Dubai Airports. "It's testament to the great job airlines did to clear the backlog after the skies opened up and it's a clear indication our confidence in the continued growth at Dubai International is well placed." The ash from a volcano in Iceland and resulting airspace closures took place between April 15 and 21, and caused more than 100,000 cancellations worldwide affecting 10 million passengers, the International Air Transport Association says.

About 6,000 passengers on 500 flights were affected at Dubai airport, but 46 extra flights were put on to clear the backlog. The results suggest Dubai Airports could surpass its forecast for 13.6 per cent passenger growth this year, Mr Griffiths said. It has already jumped into third ranking for international passenger numbers and cargo traffic, Airports Council International says. igale@thenational.ae

Business Insights
  • Canada and Mexico are significant energy suppliers to the US, providing the majority of oil and natural gas imports
  • The introduction of tariffs could hinder the US's clean energy initiatives by raising input costs for materials like nickel
  • US domestic suppliers might benefit from higher prices, but overall oil consumption is expected to decrease due to elevated costs
COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now