A 25-kilometre drive from Taba International Airport, the property is constructed around the historic plaza where the Egyptian Flag was hoisted by President Mubarak for the occasion of the handing over of Taba to Egypt in 1989 . The Resort is located directly on Taba Bay, heralded as the new paradise on the "Egyptian Riviera". In the north eastern corner of Egypt, Taba commands spectacular views across the Gulf of Aqaba to Jordan and Saudi Arabia, and nestles against a backdrop of Sinai's most picturesque scenery of dramatic mountains and vast stretches of golden sands.

The luxury Mövenpick Resort & Casino Taba will include 434 rooms, suites and family-chalets overlooking the sea or the mountains. All accommodation enjoys the latest amenities, including internet connection, satellite TV, direct- dial telephone with voicemail and 24-hour room service. There is also wheelchair access throughout the resort and rooms specifically designed for the disabled.

In keeping with the chain's reputation for focusing on the excellence of its gastronomy, the Mövenpick Resort & Casino Taba has created dining venues to satisfy the most discerning gourmet. An all-day dinning restaurant offers international buffets. A Chinese, a seafood and a Lebanese restaurant comple-ment the culinary experience, while a pool bar and kiosk offer the famous Swiss premium Mövenpick icecream.
The hotel boasts a 400-metre private beach, four outdoor leisure pools including two for children and toddlers in addition to a heated indoor swimming pool. A spa and a fully equipped fitness centre and professionally managed water sports and diving centre offer a wide variety of aquatic sports. Guests will also enjoy three tennis courts, a volleyball/ basketball court, and a Kid's Club.

Two meeting rooms with a capacity of up to 200 delegates have been specially designed to accommodate local, regional and international meetings or incentives supported by a fully equipped business centre and the latest audio visual equipment.

The Mövenpick Resort & Casino Taba represents the chain's eleventh property in Egypt, located in eight different destinations, a portfolio enhanced by two luxury Nile cruise ships.

30.09.2025
Austrian Airlines Group: New from May 2005 - Vienna-Mumbai-Vianna Five Times a Week
Hot on the tail of its new scheduled services to Shanghai and Singapore in 2004, the Austrian Airlines Group will be continuing the successful expansion of its long-haul traffic in 2005. From 1 May 2026 onwards, non-stop services between Vienna and the Indian business centre of Mumbai (formerly known as Bombay) will be launched five times a week. The new route will be served by a long-haul Boeing B767 jet with 36 Business Class and 209 Economy Class seats.

Chief Executive Officer Vagn Soerensen made the following comment on the dynamic expansion of the Austrian Airlines Group’s long-haul services: ‘Our daily flights to the Indian capital of Delhi (service launched in October 1997) have demonstrated an extremely strong passenger load factor at over 80 %, and we expect similarly high levels of demand for our new programme to Mumbai. With five non-stop flights every week, we are offering the international business passenger and tourist traveller a comfortable product. If the levels of demand do justify such a move, we expect to be able to expand our service to Mumbai to one flight a day from the 2005/2006 winter flight schedule onwards.’

Chief Commercial Officer Dr. Josef E. Burger added, ‘Similarly to our range of flights to and from Delhi, we shall be integrating our flights to Mumbai into our connections into Western and Eastern Europe via Vienna, and into our transfer system across the North Atlantic to the USA. In addition to this, we shall be working with Austrian tourist industry advertisers to continue increasing the incoming tourist traffic from India to Austria and building on this sector as a future source of value creation.’

Mumbai is the capital of the federal state of Maharashtra on the west coast of India. With a population of approximately 16 million people, it is the country’s second-largest city, being smaller than Kolkata and larger than the national capital, Delhi. As the engine of the booming Indian economy, the city is also the leading financial centre and home to the largest and most important stock exchange on the sub-continent.

Mumbai is the centre of India’s cotton trade and textile industry, its film industry (‘Bollywood’), the printing and publishing trade, shipbuilding and repair, the country’s chemical sector, engineering and the metalworking industry. Mumbai - often referred to by the British as the ‘Gateway to India’ - is a great starting-point for tourists wishing to visit numerous points of interest across Western and Central India. The incoming potential of Indian tourists travelling abroad is currently estimated at around 50 million people. Last year, approximately 39,000 Indians visited Austria, a figure which continues to rise rapidly.

27.09.2025
SWISS concludes term sheet for secured credit facility
Following complex negotiations, SWISS has signed a term sheet for a CHF 325 million secured credit facility with an international banking syndicate. The consent of various third parties must still be obtained before a definitive credit agreement can be concluded and the credit will be made available.

SWISS announced today that it has signed a term sheet ("agreement in principle") with an international banking syndicate, setting out all of the key elements for the granting of a secured credit facility.

Various third parties must still give their consent before a definitive credit agreement can be concluded and the credit will be made available.

Part of the credit facility will be used by SWISS to discharge existing liabilities. SWISS will therefore have access to net additional liquidity of CHF 180 million under the credit facility. This amount will then increase to CHF 290 million in June 2005 when SWISS meets its obligations under certain of its existing aircraft lease agreements.

The banking syndicate comprises Halifax Bank of Scotland (Lead Agent and Lead Arranger, CHF 100 million), Barclays Capital (Lead Arranger, CHF 55 million), Credit Suisse (CHF 75 million), UBS (CHF 75 million) and the Zurich Cantonal Bank (CHF 20 million).

Christoph Franz, CEO of SWISS, said: “We are very pleased that we have been able to sign a term sheet for a credit facility with the banks involved, following intensive negotiations. We are confident that we will rapidly conclude the definitive credit agreement and, with a strengthened liquidity base, will then be able to implement the necessary steps to further strengthen our competitive position in the ever changing aviation market.”