Falcon Aviation Services yesterday opened a service centre for Embraer aircraft at Al Bateen Executive Airport in the capital.
The 106,000 square foot facility now makes Falcon one of the biggest service centres for executive jets in the region.
The Abu Dhabi-based company already provides maintenance, repair and operations for Eurocopter helicopters and Gulfstream G450 aircraft as well as aircraft interior and exterior cleaning, detailing and polishing. Earlier this week, Falcon announced a Dh100 million “completion centre” for personal aircraft at Al Maktoum International Airport at Dubai World Central.
The company also operates private jets and helicopters, and expects delivery by November of two Q400 NextGen turboprop aircraft from the Canadian aircraft manufacturer Bombardier.
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What are the influencer academy modules?
- Mastery of audio-visual content creation.
- Cinematography, shots and movement.
- All aspects of post-production.
- Emerging technologies and VFX with AI and CGI.
- Understanding of marketing objectives and audience engagement.
- Tourism industry knowledge.
- Professional ethics.
US households add $601bn of debt in 2019
American households borrowed another $601 billion (Dh2.2bn) in 2019, the largest yearly gain since 2007, just before the global financial crisis, according to February data from the New York Federal Reserve Bank.
Fuelled by rising mortgage debt as homebuyers continued to take advantage of low interest rates, the increase last year brought total household debt to a record high, surpassing the previous peak reached in 2008 just before the market crash, according to the report.
Following the 22nd straight quarter of growth, American household debt swelled to $14.15 trillion by the end of 2019, the New York Fed said in its quarterly report.
In the final three months of the year, new home loans jumped to their highest volume since the fourth quarter of 2005, while credit cards and auto loans also added to the increase.
The bad debt load is taking its toll on some households, and the New York Fed warned that more and more credit card borrowers — particularly young people — were falling behind on their payments.
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5. A doctor to every citizen
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7. Self-sufficiency in Dubai homes
8. Co-operative companies in various sectors
9: Annual growth in philanthropy
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
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