DUBAI: Abu Dhabi carrier Etihad Airways on Wednesday launched an initiative that allows customers to book and pay for flights in monthly installments.
Etihad on Wednesday said it has partnered with online payment service provider Payfort for the scheme, wherein travelers who book through the carrier’s website can choose to pay for their flight tickets via installment ranging from three to 60 months. The carrier said 17 banks in the region are participating in the initiative.
The initiative was designed to assist low to medium income travelers and families by empowering them with the ability to book travel without the burden of having to pay for it up front, Justin Warby, the Vice President for Digital Strategy and Innovation fo Etihad Airways, said.
“We’re taking a global outlook and bringing best practice to the region. … This is perhaps an example of the most intuitive use of technology we can provide as an airline,” Warby said.
Abu Dhabi’s Etihad Airways offers installment payment plan for flights
Abu Dhabi’s Etihad Airways offers installment payment plan for flights
World faces largest-ever oil supply disruption on Middle East war, IEA says
LONDON: The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after the agency agreed to release a record volume of oil from strategic stockpiles.
Global supply is expected to drop by 8 million barrels per day in March due to the blocking of the Strait of Hormuz, a narrow channel along the Iranian coast, since the US and Israel began a campaign of airstrikes on Iran on Feb. 28.
Middle East Gulf countries have cut total oil production by at least 10 million bpd — a volume equal to almost 10 percent of world demand — as a result of the conflict, the IEA said in its latest monthly oil market report, adding that without a rapid restart of shipping flows these losses were set to increase.
“Shut-in upstream production will take weeks and, in some cases, months to return to pre-crisis levels depending on the degree of field complexity and the timing for workers, equipment and resources to return to the region,” the agency said.
