Connect with us
Loading...

Business News

A plan to put beds on planes

Published

on


Airbus recently announced that it has entered into a partnership with Zodiac Aeropsace, a French aviation-equipment company, to develop “lower-deck modules with passenger sleeping berths.” In other words, passengers in need of 40 winks might eventually be able to go below decks to the cargo hold and sleep in bunk beds. The video released by the companies shows a clean, white, modern, and comfortable-looking space, although one conspicuously devoid of windows.

Starting in 2020, Airbus says, the beds will be available on its widebody A330 planes, and could possibly appear on A350s as well. The sleeper modules will be easily swapped in and out, the company promises, so airlines can decide whether to use the hold for cargo or for passengers to get some rest. They can also include areas for the medical treatment of sick passengers, play places for children and meeting spaces.

Few passengers would turn down the chance to sleep in a real bed on a long-haul flight, especially if they are not among the lucky few with partially or fully reclining business- or first-class seats. The question is, how much will this privilege cost? Airbus hasn’t released any details on pricing. But according to the International Air Transport Association, cargo generates an average 9% of airline revenue on combined passenger-cargo flights, more than twice what airlines get from first-class flyers. 

So for this to be a worthwhile proposition for airlines they would need to offset that lost revenue, and then some, in order to compensate for the cost and logistics of adding the new class of service. Given that only a fraction of flyers will probably be able to use these beds, it is not hard to imagine something close to a doubling of ticket prices to use them—or, if airlines want to make the beds more attractive, spreading-out those costs among other passengers. 

MUST READ!  Investment: Britam set to splash Sh3.5 billion on real estate :: Kenya

For flyers at the top and bottom of the price hierarchy, the beds won’t make sense. First-class passengers on Korean Air A330s, for example, already enjoy the comfort of a flat bed. And most economy passengers won’t be willing to shell out the price of a hotel room for a few hours on a bunk bed. But for some business travellers, a better night’s sleep might be well worth the extra cost to them or their employers.

Even without Airbus’s announcement, cargo-hold sleeper berths were already on the way. Qantas Airways, which is pushing the limits of long-haul flying, with a new route from Perth to London and possibly another on the way from Australia to Chicago, needs to find ways to make these journeys more comfortable. Its chief executive said last month that beds in the cargo hold were one option. So there is a good chance you’ll soon find yourself on a flight with beds below deck. The question is just whether you’ll find them worthwhile.



Source link

Comments

comments

Continue Reading
Advertisement
Loading...

Business News

Comcast demonstrates Sky-high ambition in global media shake-up

Published

on


LONDON/NEW YORK (Reuters) – U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid.

FILE PHOTO: The NBC and Comcast logos are displayed on 30 Rockefeller Plaza in midtown Manhattan in New York, U.S., February 27, 2018. REUTERS/Lucas Jackson/File Photo

It was a “great day” for Comcast (CMCSA.O), Chairman and Chief Executive Brian L. Roberts said of Saturday’s auction victory. The U.S. group has had its sights set on Sky (SKYB.L), Europe’s biggest pay-TV company, ever since Walt Disney Co (DIS.N) beat it to most of Murdoch’s Twenty-First Century Fox (FOXA.O) assets in July.

Some analysts, however, said that Comcast’s bid of 17.28 pounds per share in the rare blind auction was driven by an urgent need to build scale to defend against the threat posed by streaming services Netflix (NFLX.O) and Amazon (AMZN.O).

“The price being paid for Sky is shocking, but it is a clear sign that legacy media companies are desperate for scale in a world dominated by tech platform giants,” said Richard Greenfield, technology and media analyst at research firm BTIG.

Explaining the basis of big media’s rush to merge, Greenfield likened it to the opening scene in the documentary “March of the Penguins”.

‘WINTER IS COMING’

“The penguins huddle to survive winter. With Disney/Fox and Comcast/Sky, it’s penguins huddling. Winter is still coming,” he said, referring to the advance of tech players such as Amazon.

MUST READ!  Thika based Bakex millers unveils new wheat mill to meet demand :: Kenya

Sky would reduce Comcast’s reliance on its mature U.S. market by opening the door to Europe, where pay-TV penetration is at about 30 percent and rising.

The deal would also transform Comcast into the world’s largest pay-TV operator with 52 million customers and lift the proportion of its non-U.S. revenue to about 20 percent from about 9 percent, based on 2017 full-year figures.

Comcast is paying a high price – more than double Sky’s share price before Fox made its approach in December 2016. But analysts said that a favorable result in the English Premier League soccer rights auction – Sky’s biggest expense – during the takeover saga had made the business more valuable.

Sky also gives Comcast an immediate beachhead in online video streaming with its Now TV business, which has about 2 million customers.

Analysts see Comcast super-charging Now TV to combat Netflix across the globe. And Sky’s exclusive relationships to distribute HBO entertainment content and Premier League soccer further insulate Comcast over the next few years.

CLOUDS AND SILVER LININGS

Critics of the deal, however, argue that such relationships are sure to come under threat in the longer term, as content producers launch their own services and competition for sports broadcasting rights intensifies as deep-pocketed tech companies join the fray.

On the upside, however, Sky’s product range – including broadband connections that complement its satellite offer in state-of-the-art platforms such as Sky Q – and its brand make it more than a content aggregator, said Alice Enders, head of research at Enders Analysis,

MUST READ!  Environment CS Tobiko on spot for suspending director Emilio Mugo :: Kenya

“Sky has an extraordinarily well established brand; it is a destination, and that is very valuable in the world of fragmented media,” she said.

Comments

comments

Continue Reading

Business News

Munyes says Kenya to aid Uganda finalise jetties

Published

on


News

Petroleum Cabinet Secretary John Munyes. FILE PHOTO | NMG 

Kenya has committed to support Ugandan authorities to complete their oil jetties in Entebbe and Jinja to enhance the viability of Sh1.7 billion Kisumu’s new oil terminal.

Petroleum Cabinet Secretary John Munyes termed as unfortunate that the billion-investment remains idle due to the delays by the neighbouring country to finish construction of its facility.

Due to the delay, official launch of the Kisumu project, which was completed over five months ago, remains uncertain as Kampala continues to work on their oil jetties and storage terminals.

While he did not indicate the kind of assistance the Kenyan government will offer, Mr Munyes expressed optimism that the investment will pay back in three years.

“Through the jetty, Kenya Pipeline Company (KPC) is expected to ferry 4.7 million litres of petroleum products, which is equivalent to over 100 trucks on the road per day and greatly reduce accidents and traffic,” said Munyes.

Mr Munyes announced that a government delegation will visit Uganda in a fortnight to check on the progress and challenges that their counterparts could be facing.

“We appreciate that different countries are operating under different circumstances and we want to establish what problems they could be facing,” the CS said after visiting KPC depot in Kisumu last week.

“I can assure Kenyans that this is not going to be a white elephant and they stand to benefit a great deal from the initiative which is projected to spur East Africa’s oil transport,” he said.

The CS pointed out that the roll out of the project will massively bring down the cost of transporting petroleum products, which is estimated to drop by between 40 percent and 50 percent.

MUST READ!  Now, HDFC too matches SBI, ICICI's home loan rates at 8.35%

KPC managing director Joe Sang’ said the jetty will re-position the firm and enable the company to regain the market share it lost to neighbouring Tanzania, mainly due to the unavailability of petroleum products in western Kenya.

The Kisumu oil terminal is expected to increase petroleum supply to landlocked Uganda, Rwanda, Burundi and the Democratic Republic of Congo.

“This is a big milestone for the country and we hope to launch it soon and save the country the heavy burden of trucking crude oil,” he said. He confirmed that a test run has been conducted at the Kisumu facility which was found to be in good shape.

At the same time, the KPC boss revealed that they will install a leak detection system (LDS) and the supervisory control and data acquisition (SCADA) systems to prevent pilferage of fuel on their lines.

“The implementation of the modern techniques will put an end to siphoning of petroleum products as the sophisticated system can detect up to one per cent leak,” he said.

Comments

comments

Continue Reading

Business News

Good times for pyrethrum farmers as State to issue 60m seedlings

Published

on


News

Farmers harvest pyrethrum flowers in Molo, Nakuru. FILE PHOTO | NMG 

In efforts to revive the pyrethrum industry, the government plans to distribute 60 million seedlings to farmers in 19 counties starting next year.

This is after the government established market in United States and Asia.

The Cabinet Secretary for Agriculture Mwangi Kiunjuri said over four investors have approached the ministry seeking to buy dried pyrethrum flowers.

“We are not ready to let such an opportunity fade away and it is in this regard that we have decided to provide farmers with certified and subsidised seedlings by the start of the longs rains next year,” he told the Sunday Nation.

For a farmer to put an acre under pyrethrum, he said, one requires more than Sh40 million to buy seedlings. This is prohibitive and many cannot afford, said the CS, adding that it is because of this reason that they have decided to distribute the certified and subsidised seedlings.

The CS said buyers are willing to purchase a kilogram of dried pyrethrum flowers from Sh200-Sh250 but Kenya is pushing for more.

Among the 19 counties that the ministry has already tested their soils and found them fit for growing of the crop are Nakuru, Kiambu, Nyandarua, Nyeri, Laikipia, Meru, Embu, Baringo, Elgeyo Marakwet, West Pokot, Trans Nzoia, Bungoma (Mt Elgon), Uasin Gishu, Nandi, Kericho, Bomet, Narok, Nyamira and Kisii.

In the next one year and in collaboration with the county governments, he said they want to make sure 15,000-20,000 acres are under pyrethrum.

“I am encouraging women and youth to join groups and acquire clonal splits from the ministry and grow them to earn a living and help in seeds multiplication,” he stated.

MUST READ!  KCB shareholders set for Sh9.2 billion dividend windfall :: Kenya

Kenya has the potential to produce and process 20,000 metric tonnes (MT) of pyrethrum flowers to earn Sh7.5 billion for farmers per year and Sh5.8 billion in foreign exchange from refined extract alone.

With direct or indirect linkage to the crop that best grows at an altitude of 1,700 to 2,900 metres above sea level, it can provide a livelihood to three million people.

In the 90s, Kenya was controlling over 90 percent of the world market compared to the current share of only 2 percent.

Over time, production declined and Kenya lost the market to Australia which took over with the island state of Tasmania later taking over the growing and processing in early 2000.

By 2010, Tasmania controlled 65 percent of the world’s pyrethrum production. Other countries producing the crop are China, Rwanda and Tanzania, which now control world market.

Production of pyrethrum in the country declined from a high of 18,000 metric tonnes in 1992 to the current national production of about 500 metric tonnes.

The current acreage under the crop is about 3,000 acres and the number of growers has also drastically reduced to 8,000 from 40,000.

In 1990s, pyrethrum was a major foreign earner that brought in over Sh2.1 billion at its peak in 1996 compared to current Sh120 million. The crop also saw over 200,000 small-scale growers benefit directly in 1980s-1990s.

According to a pyrethrum report from the Ministry of Agriculture, the crop started declining in 2004-2005.

The main reason for the drop was inconsistent payment to growers, unmatched market demand and production and unfavourable industry legal framework.

MUST READ!  Now, HDFC too matches SBI, ICICI's home loan rates at 8.35%

Pyrethrum is a crop that has been grown in Kenya since 1928 and produces pyrethrins used as natural insecticides and pesticide for agricultural, pharmaceutical and domestic use.

However, Mr Kiunjuri said they have conducted several reforms in the sector which will now see the industry bounce back to its lost glory.

After enactment of the Crops Act 2013, and in line with the agriculture sector reforms, he said the industry was reorganised through separation of the regulatory and commercial functions of the former Pyrethrum Board of Kenya (PBK).

In the arrangement, he went on, the regulatory functions have been ceded to the Agriculture and Food Authority (AFA) through the miraa, pyrethrum and other industrial crops directorate whose functions are to develop and promote the Kenya pyrethrum industry.

Mr Kiunjuri noted that commercial and processing functions are being played by Pyrethrum Processing Company of Kenya.

The role of the company is collection, payment and processing of growers’ dry flowers, marketing pyrethrum and pyrethrum products and provision of technical and scientific services relating to the crop.

Currently, the PBK processing plant in Nakuru operates at 10 percent of its capacity due to lack of flowers. Nevertheless, the company has one of the leading refining plants globally and is able to produce high quality extracts that are preferred by the market.

However, the Agriculture minister affirmed the industry is currently recovering and has attracted four processing companies in the country.

He stated, “Currently, six new companies have applied for licensing as processor and are at various stages of licensing.”

MUST READ!  Catholic Church ventures into hospitality business with Sh500m modern resort :: Kenya

They include Pyrethrum Processing Company of Kenya (capacity of 25MT per day operating at 50MT per day. This firm is, however, yet to be commissioned.

Comments

comments

Continue Reading

From Around the Web

Loading...
Entertainment2 weeks ago

Photos: Nudes of Migori Governor Okoth Obado Are Here

General News4 days ago

Uhuru Kenyatta Suffering Stage One Lung Cancer

General News4 weeks ago

WATCH: Athlete Asbel Kiprop behaving badly in car as drug cheat ban looms – Nairobi News

General News1 week ago

Obado: “Sharon Refused a Ksh. 10 Million House Offer From Me, Wanted a Ksh. 35 Million House”

General News4 days ago

Okiya Omtata Saves Kenyans: Court declares Finance Bill illegal

Entertainment2 weeks ago

EXPOSED: Why Governor Obado suspected Sharon was having affair with his son

General News4 weeks ago

The Standard – Kenya: Video of Kenyan athlete Asbel Kiprop caressing an unidentified half-naked woman inside car leaks | The Standard

General News2 weeks ago

Cyprian Nyakundi: “Jahmby Koikai MUST Account For The Money She’s Raised”

Entertainment2 weeks ago

Was Sharon Otieno gang-raped before murder? Condoms found – PHOTOS

General News3 weeks ago

Egesa FM presenter Joseph Atandi hangs himself

Sports3 weeks ago

Manchester United 254: Meet This Group Using Football To Give Back To The Community

General News3 weeks ago

Kodera: The 'forest of death' where Sharon Otieno was found

General News3 weeks ago

Egesa FM Radio Presenter Commits Suicide

General News3 weeks ago

RMS presenter Okebiro O’ Mose dies in unclear circumstances

General News4 days ago

15 Chinese nationals arrested in South C for operating brothels To Be Deported

General News5 days ago

Jubilee MPs Bribed in Statehouse to endorse President’s proposal to reduce VAT on petroleum products to 8 per cent

General News3 days ago

Cyprian Nyakundi: ” Kanze Dena Is A Thief Just like Her Benefactors”

General News6 days ago

The mess at ERC

Entertainment1 week ago

Janet Mwaluda loses fiancé, Ian Mukuria – Entertainment – Pulselive.co.ke

General News3 weeks ago

Governor Muriithi discourages mothers from giving birth at home

Trending Videos1 min ago

Neema hospital declared winner of 2018 Tunza excellence awards

Trending Videos2 mins ago

Nyumba zateketezwa Njoro

General News21 mins ago

Tough Warriors shatter KPA’s unbeaten run

Trending Videos24 mins ago

Section of MPs chant (zero) in opposition to Uhuru’s memorandum on VAT

Trending Videos26 mins ago

Takriban watu 200 waangamia kwenye mkasa wa Feri Tanzania

Trending Videos27 mins ago

Kimani Ichungwa: We need to support this bill in a way that our budget is balanced #FinanceBill2018

Entertainment31 mins ago

Rich millennials with more money than they need or want have found a new way to spend their cash – Finance – Pulselive.co.ke

Business News41 mins ago

Comcast demonstrates Sky-high ambition in global media shake-up

General News48 mins ago

6 houses torched in Uasin Gishu after man dies in brew den

Trending Videos50 mins ago

Death toll from capsized ferry MV Nyerere climbs to 126

Trending Videos52 mins ago

5 YEAR ON: Country marks 5th anniversary of WestGate terror attack

Trending Videos53 mins ago

Mawakili wahimiza fedha kutokana na ushuru mpya zitumiwe kufaidi Wakenya

Business News1 hour ago

Munyes says Kenya to aid Uganda finalise jetties

Entertainment1 hour ago

I visited Ibiza, home of legendary 24-hour clubs — but the island’s hidden gems are far away from the glitz and glam

Business News1 hour ago

Good times for pyrethrum farmers as State to issue 60m seedlings

Trending Videos1 hour ago

#theTrend: Songwriter and producer Shamir Tadeiya on establishing his music career in Kisumu

Trending Videos1 hour ago

#K24WeekendEdition with Anjlee Gadhvi

Trending Videos1 hour ago

Masomo kwa wasichana

General News1 hour ago

224 Tanzania ferry tragedy bodies recovered

Business News1 hour ago

Kenyan banks hope to revive South Sudan branches after new peace deal

Facebook

Tag Cloud

Dont Miss!

Trending Videos1 min ago

Neema hospital declared winner of 2018 Tunza excellence awards

Neema Private Hospital in Kitui county has been named the best in the Tunza Centre of Excellence Awards this year....

Trending Videos2 mins ago

Nyumba zateketezwa Njoro

Ghasia zimezuka tena katika eneo la Njoro siku nne baada ya watu watano akiwemo naibu spika wa kaunti ya Nakuru...

General News21 mins ago

Tough Warriors shatter KPA’s unbeaten run

By PHILIP ONYANGOMore by this Author Ulinzi Warriors put up a spirited fight to shatter Kenya Ports Authority’s unbeaten run...

Trending Videos24 mins ago

Section of MPs chant (zero) in opposition to Uhuru’s memorandum on VAT

source Comments commentsMUST READ!  Kebs warns against use of uncertified bottled water :: Kenya

Trending Videos26 mins ago

Takriban watu 200 waangamia kwenye mkasa wa Feri Tanzania

Idadi ya watu ambao wamefariki kufikia sasa katika MV Nyerere Tanzania, katika kivuko cha MV Nyerere imefika 183, huku mhandisi...

Trending Videos27 mins ago

Kimani Ichungwa: We need to support this bill in a way that our budget is balanced #FinanceBill2018

Kimani Ichungwa: Should we not manage to raise the 8% Vat on the finance bill, we will be forced to...

Entertainment31 mins ago

Rich millennials with more money than they need or want have found a new way to spend their cash – Finance – Pulselive.co.ke

Resource Generation is a group of wealthy American millennials who put their money toward social justice causes. The group was...

Business News41 mins ago

Comcast demonstrates Sky-high ambition in global media shake-up

LONDON/NEW YORK (Reuters) – U.S. cable giant Comcast scored a big win in the scramble for media assets by beating...

General News48 mins ago

6 houses torched in Uasin Gishu after man dies in brew den

By BENSON AMADALAMore by this Author Six houses were set on fire on Sunday near the busy Kipkaren market on...

Trending Videos50 mins ago

Death toll from capsized ferry MV Nyerere climbs to 126

The death toll from the ferry, MV Nyerere that capsized in Lake Victoria has climbed to 126, as Tanzanian rescue...

Trending Videos52 mins ago

5 YEAR ON: Country marks 5th anniversary of WestGate terror attack

2 terror suspect were last evening arrested in Eastleigh estate, just hours before the country marked the 5th anniversary of...

Trending Videos53 mins ago

Mawakili wahimiza fedha kutokana na ushuru mpya zitumiwe kufaidi Wakenya

Mawakili wahimiza fedha kutokana na ushuru mpya zitumiwe kufaidi Wakenya Citizen TV is Kenya’s leading television station commanding an audience...

Business News1 hour ago

Munyes says Kenya to aid Uganda finalise jetties

News Sunday, September 23, 2018 19:56 By VICTOR RABALLA Petroleum Cabinet Secretary John Munyes. FILE PHOTO | NMG  Kenya has...

Entertainment1 hour ago

I visited Ibiza, home of legendary 24-hour clubs — but the island’s hidden gems are far away from the glitz and glam

news Harrison Jacobs/Business Insider I spent five days on Ibiza, the island off the coast of Spain, over Labor Day...

Business News1 hour ago

Good times for pyrethrum farmers as State to issue 60m seedlings

News Sunday, September 23, 2018 19:46 By BONIFACE MWANGI | Farmers harvest pyrethrum flowers in Molo, Nakuru. FILE PHOTO |...

Advertisement
Loading...

Categories

Trending