Business
Wizz Air Unveils ‘All You Can Fly’ Annual Subscription for Frequent Travelers
Budget airline Wizz Air has introduced a groundbreaking “all you can fly” subscription, offering customers unlimited flights for an annual fee of 499 euros (£428; $549). This innovative deal allows passengers to book as many flights as they like across Wizz Air’s extensive network for one year, a concept that’s gaining traction in the airline industry but remains relatively novel.
While similar unlimited flight deals have been rolled out by Frontier Airlines in the US and AirAsia in Malaysia, Wizz Air’s offer is one of the first of its kind in Europe. The discounted price for the yearly pass will be available until 16 August, after which the cost will rise to 599 euros.
Starting in September, subscribers can take advantage of this deal by booking flights to destinations in Europe, North Africa, the Middle East, and Asia up to three days before departure. Each flight will require a nominal flat fee of 9.99 euros.
Wizz Air plans to sell 10,000 of these subscriptions, which will be distributed across the airports it operates from. However, the airline has issued a caution that seat availability for membership holders is not guaranteed and will be subject to various factors.
This initiative comes at a time when Wizz Air has faced criticism in the UK for its customer service and frequent flight delays. Despite these challenges, the airline is betting on the appeal of unlimited travel to attract frequent flyers and bolster its customer base.
Business
Iceland Demands Supermarket Rivals Stop Selling Prawn Rings
Supermarket chain Iceland has filed a trademark application for its well-known “King Prawn Rings,” urging rival supermarkets to stop selling similar products. Iceland, headquartered in Flintshire, claims it has faced increasing imitation since introducing its prawn rings in 1991.
In a bold open letter shared on social media platform X (formerly Twitter), Iceland called out major competitors Aldi, Tesco, Lidl, and Asda, accusing them of selling “copy crustaceans.” The letter cheekily asserted, “The King Prawn Ring is ours, and we won’t be letting you off the hook.”
Lidl humorously responded, “Here was us thinking it was a classic 1970s party dish.”
Iceland’s letter, signed by “Iceland Foods,” warned other retailers to cease selling prawn rings, especially ahead of Christmas. The chain emphasized its intent to pursue legal action if competitors don’t comply, declaring, “Our lawyers are more than ready to dive into legal waters.”
The prawn ring battle has sparked social media buzz, with consumers eagerly watching how rival supermarkets will respond to Iceland’s trademark claim.
Business
Boeing Workers Reject Latest Pay Offer Despite 30% Rise, Union Says
The union representing striking Boeing workers has stated that its members are not interested in the company’s latest pay proposal, which includes a 30% raise over four years. According to the International Association of Machinists and Aerospace Workers (IAM), a survey revealed overwhelming dissatisfaction with the offer, labeling it as “inadequate.”
This rejection follows Boeing’s new “best and final” offer, which also included a performance bonus reinstatement, improved retirement benefits, and a one-time $6,000 signing bonus. The company set a deadline for the deal to be ratified by union members by midnight on September 27.
However, IAM criticized Boeing for sending the offer directly to workers and the media without consulting union leaders and stated that the time frame was insufficient to organize a proper vote. Boeing has denied the union’s claims and said it would allow more time and provide support to facilitate the vote.
Business
China Unveils Bold Measures to Revive Economy Amid Growth Concerns
China’s central bank, the People’s Bank of China (PBOC), has launched a significant package of measures aimed at revitalizing its struggling economy. PBOC Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to expand lending to stimulate economic activity.
With recent economic data raising concerns that China may miss its 5% growth target this year, the central bank will cut the reserve requirement ratio (RRR)—the amount of cash banks must hold in reserve—by half a percentage point, releasing around 1 trillion yuan ($142 billion) into the economy. Additional cuts may follow later in the year.
The package also addresses China’s property market crisis by cutting interest rates for existing mortgages and reducing minimum down payments for all homes to 15%.
Asian stock markets responded positively to the news, seeing a boost after Mr. Pan’s announcement, which came during a rare joint press conference with officials from two other financial regulators.
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