Air Canada Rouge flight Zagreb Toronto
June will be remembered for first Air Canada Rouge direct Zagreb-Toronto flight. Air Canada Rouge has touched down in Zagreb for the first time on its new non-stop service. Air Canada Rouge was welcomed with a water salute as it commenced the new seasonal service from Toronto to Zagreb. Flights will operate four times weekly, departing Toronto for Zagreb on Tuesdays, Wednesdays, Thursdays, and Saturdays. They will run the service until 7 October 2018. The airline will offer a total 20,586 seats each way between Toronto and Zagreb during that period. The inaugural flight had over 200 passengers on board and marked the return of the Air Canada brand to Croatia after 27 years. The leisure airline will face direct competition from Air Transat which maintains two weekly seasonal flights between Canada’s and Zagreb. Air Transat will also operate services to Montreal this summer with four one-way non-stop flights planned from Zagreb to Canada’s second largest city.
Bayern Munich relationship with Istria
German football champions Bayern Munich has signed a strategic partnership agreement with the Istria Tourist Board. The agreement consists of seven points where mutual promotion is garanteed, and according to the contract, the Istria Tourist Board will have the opportunity to use three players to promote Istrian tourism. Some Bayern Munich teams will also come to Istria for their pre-season camps. The Istria Tourist Board will also have the opportunity to advertise on Bayern Munich’s official website and as stated in the contract at least one match between Bayern Munich veterans and local selections will be played in Istria. The agreement was signed by Bayern Munich Management Board member and Marketing Director Andreas Jung with Istria County head Valter Flego, Director of the Croatian National Tourist Board Kristjan Staničić and Director of the Istria Tourist Board Denis Ivosevic.
Apple is close to becoming the first $1 trillion American company
Apple is on the verge of becoming the first American company to be worth $1 trillion. Apple is now worth about $945 billion. Shares are up more than 13% this year, far better than the overall market. For Apple to hit a $1 trillion market valuation, the stock would need to go up just another 6% to $202.30 a share. Even though some think Apple needs a new product to keep sales and profit booming, Apple has inched closer to an $1 trillion thanks to solid sales of the iPhone 8 and X particularly in China and Japan and surging services revenue from the App Store. Apple’s sales increased 16% in the first three months of 2018 and it has also been using its more than $267 billion in cash to boost its dividend and stock buyback program as a way of rewarding investors. We can only wait and see if this big step and milestone for the company becomes the reality.
Elon Musk to remain Tesla chairman after shareholder vote
Tesla shareholders voted to keep company founder and CEO Elon Musk in place as its chairman of the board, defeating a measure to replace the entrepreneur with an independent executive. The decision represented a major show of confidence in Musk, who has drawn criticism in recent months amid stock pressure, concerns about Tesla’s ability to meet production benchmarks and his treatment of media figures and analysts. Shareholder Jing Zhao, who owns 12 shares of Tesla, argued that Musk should be replaced with an independent chairman given Tesla’s recent growth in a rapidly changing business sector and his other commitments to rocket company SpaceX and infrastructure firm The Boring Company. Zhao’s proposal had drawn support from two of Tesla’s most prominent proxy advisers, Institutional Shareholder Services and Glass Lewis. Tesla shareholders also voted to confirm three members of the company’s board of directors, including 21st Century Fox CEO James Murdoch and Musk’s younger brother, Kimbal Musk. Critics had sought their removal amid concerns about their qualifications and ability to focus on their responsibilities to the company. Speaking at the shareholder meeting, Musk said Tesla should be able to produce 5,000 units per week of its flagship Model 3 electric sedan by the end of June as well as confirmed that Tesla will build its first factory outside the U.S. in China.