page contents
Connect with us

Business

Singapore reclaims longest flight

Published

on

A350-ULR_RR_SIA_V45-HI-RES-1-916x516

IMG-20180912-WA0030



Such a lengthy flight would surely leave your body pleading for mercy if you had to endure it in a cattle-class seat, so the airline has opted to fit the plane with luxurious business seats as well as a number of still-not-that-comfortable-sounding premium economy seats.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Taking 18 hours and 45 minutes between Singapore’s Changi Airport and Newark Liberty Airport just a short drive from New York City, the service, which starts on October 11, is actually a relaunch after the Asian carrier scrapped the route in 2013 due to running costs.

Having deemed it viable again, the carrier is using Airbus A350-900 ULR (ultra-long range) aircraft with 67 business class seats and 94 premium economy seats for the colossal 10,377-mile (16,700 km) flight. The airline’s other A350-900 aircraft are configured to carry a total 253 passengers instead of the 161 we see here.

In a bid to increase comfort for what sounds like a grueling journey — it does, after all, last just five hours short of an entire day — the aircraft has been designed with special lighting to reduce jet lag (there’s a 12-hour time difference), larger windows, and higher ceilings.

Perhaps wisely, Singapore Airlines also teamed up with health spa resort Canyon Ranch, which has knocked together a wellness plan to ease passengers through a flight that spans half the globe. It includes specially designed menus that focus on hydration, nutrition, and bold flavors; “subtle sleep strategies” to improve rest quality; and guided stretching exercises to ensure that your body doesn’t completely seize up halfway across the Pacific.

For in-flight entertainment, the airline has added 200 hours worth of movies and TV shows to the 1,000 already available as part of its regular services, and for anyone who needs to stay connected even at 38,000 feet, there’s Wi-Fi, though it’s not free.

Seat prices vary according to demand and date, but some passengers have been paying around $4,000 for a premium economy return ticket.

“Singapore Airlines has always taken pride in pushing the boundaries to provide the best possible travel convenience for our customers, and we are pleased to be leading the way with these new non-stop flights using the latest-technology, ultra-long-range [aircraft],” Singapore Airlines CEO Goh Choon Phong said in a release.

Singapore Airlines’ new service takes the place of Qatar Airways Doha-to-Auckland, New Zealand, route as the world’s longest flight. That one launched in February 2017 and takes 17 hours and 30 minutes to reach its destination.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Business

South Africa Rand stables against embattled pound

Published

on

The rand was relatively stable on Friday morning, and headed for its best week against the beleaguered pound in about nine weeks.



The fallout from the failure of the UK’s Brexit plan is on traders’ radars, overshadowing the controversial and divisive land reform debate, which has previously hurt the rand.

“May has seen her plans for ‘Shmexit’ torn apart: that is what one could dub a Brexit that is literally leaving the EU, but which in no way regains sovereignty in key areas, and which might be impossible to ever change further unilaterally,” UK-based Rabobank International analyst Michael Every said in a note.

“Indeed, we have seen a swathe of key ministerial resignations, and suggestions there are enough MPs’ votes in hand to trigger a leadership election as soon as next week.”

The pound tanked against a host of currencies on the news, but has since stabilised at lower levels as markets await further developments.

IMG-20180912-WA0030

The rand has benefited from the ensuing market volatility, settling a hefty 3% stronger against the pound on Thursday night. Local bonds have benefited, too.

The local currency has fared better against the dollar so far this week, strengthening the case for a big cut in fuel prices in December.

According to AA, the petrol price is likely to be cut by R1.54 a litre, diesel by 92c and illuminating paraffin 85c.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

The expected drop in fuel prices comes as oil prices fall: Brent crude is about 10% lower in November, according to Iress data.

At 10.12am, the rand was 0.2% softer against the dollar at R14.2075, 0.32% weaker against the euro at R16.12 and 0.36% softer against the pound at R18.1858. The euro was 0.14% stronger to $1.1346.

The yield on the benchmark R186 bond slipped to 9.145% in early trade, from 9.17% at its last settlement.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

Continue Reading

Business

Uganda Shilling Fares Well than past week.

Published

on

The Uganda Shilling was relatively stable, trading within range of 3747/57 as market demand was evenly matched by the inflows.




In the interbank money market, overnight funds traded at 6.50% while one week traded at 10%, a report by Alpha Capital Markets indicates.

The Shilling closed the week at around 3,744.88/3,754.88 to the US Dollar, up from 3,748/58 last week buying and selling.

In the fixed income market, a treasury bill auction with sh195bn on offer was held. Yields marginally declined across all the tenors and came out at 10.800%, 12.400% and 13.501%, for the 91, 182 and 364 days. The auction was hugely oversubscribed.

IMG-20180912-WA0030

In the regional currency markets, the report further indicates that the Kenya Shilling was quickly coming under pressure due to increased demand from importers of oil and other commodities as they close out payments for orders ahead of the festive season.

The Kenya and Tanzanian currencies traded at 36.77/36.87 and 1.63/1.64 buying and selling respectively.

Stephen Kaboyo the Alpha Capital Markets CEO, said that in international markets, the US Dollar gained against other major currencies as the Federal Reserve kept interest rates steady but reaffirmed its monetary tightening, setting the stage for a rate hike in December.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

On the other hand, Kaboyo added that the US midterm elections outcome that markets interpreted as a gridlock on Capitol Hill, came in support of the greenback with expectation that chances of further fiscal stimulus and tax cuts will be minimal.

“Outlook for the shilling indicate a range bound unit as mid-month market dynamics set in. It is likely that demand will remain at a low ebb,” he said.

Dealers attributed the performance of the Shilling to liquidity squeeze in the money markets.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

-NewVision

Continue Reading

Facebook

Advertisement
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved