Live Updates
Lufthansa Group Bids for Stake in TAP Air Portugal
The Lufthansa Group has submitted a bid to Portugal's state-owned investment company, Parpública, seeking to acquire an initial minority stake in TAP Air Portugal as part of the airline's privatization process.
The proposed investment aims to establish a long-term partnership designed to support TAP's future while maintaining its role as Portugal's national carrier. Lufthansa Group CEO Carsten Spohr said the company views the move as a natural extension of its long-standing relationship with Portugal and its existing partnership with TAP through the Star Alliance network.
Lufthansa has operated in Portugal for more than 70 years and currently offers 353 weekly flights to and from the country. The group also plans to expand its maintenance operations near Porto, with employment expected to exceed 1,000 people by 2030.
If approved, the partnership could strengthen Lisbon's position as a major transatlantic hub, expanding air connectivity between Europe, Latin America, Africa, and North America while supporting TAP's long-term development.
United Airlines Backs $20 Billion Washington Dulles Airport Expansion
United Airlines CEO Scott Kirby has welcomed plans for a more than $20 billion capital investment to modernize Washington Dulles International Airport, following an announcement at the White House alongside the Metropolitan Washington Airports Authority (MWAA) and the U.S. Department of Transportation.
Kirby thanked President Donald Trump, Transportation Secretary Sean Duffy, and MWAA for supporting what he described as a landmark transformation of one of the nation's most important international gateways.
The decade-long project aims to modernize airport facilities, improve passenger flow, and enhance operational efficiency. As the largest airline serving the Washington, D.C., region, United said the investment reinforces its long-term commitment to Dulles, a major hub connecting the U.S. capital with destinations worldwide. Officials say the redevelopment is expected to establish a new benchmark for airport infrastructure across the United States.
Belarus’ Lahoysk Ski Resort Sold at Auction for BYN 19.48 Million After Multiple Sale Attempts
Belarus’ Lahoysk Ski Resort has been sold at a state auction for 19.48 million Belarusian rubles after being listed for sale several times. Opened in 2004 by a company owned by businessman Yury Chyzh, the resort was initially offered this year with a starting price of 23.2 million Belarusian rubles before successive price reductions. At its third auction, the starting bid fell to 13.9 million Belarusian rubles, attracting a successful buyer.
The purchaser has 20 days to complete the payment and must preserve the resort’s designated purpose while ensuring the facilities and land remain accessible to all categories of citizens. The sale marks a significant development for one of Belarus’ best-known ski destinations
Northern Territory Launches Round 2 Grants for Aboriginal Tourism in Parks
The Australian Northern Territory Government has opened Round 2 of its Aboriginal Tourism Development in Northern Territory Parks and Reserves Grant Program, offering a $300,000 funding pool to support new Aboriginal-led tourism experiences across the Territory's parks and reserves. Majority Aboriginal-owned businesses and organizations can apply for grants ranging from $10,000 to $50,000 to develop cultural tourism products for visitors.
The initiative supports the NT Aboriginal Tourism Strategy 2020–2030 and the Parks NT Masterplan, which aims to establish Aboriginal-led tourism operations in 50% of suitable parks and reserves by 2053, helping expand authentic cultural experiences while supporting long-term Indigenous tourism development.
New Jersey Restaurant Innovation Summit to Spotlight Hospitality Technology and Business Trends
The New Jersey Restaurant & Hospitality Association (NJRHA) will host its first-ever Innovation Summit on Sept. 30 at the National Conference Center in East Windsor, bringing together restaurant owners, chefs, hospitality executives, and technology providers.The event will feature discussions on artificial intelligence, restaurant technology, payment compliance, and strategies to improve guest experiences and profitability. NJRHA President and CEO Daniel Klim said the summit was developed in response to member demand for practical business solutions amid rising labor and operating costs. Organizers say the interactive program will provide attendees with actionable insights from industry leaders while exploring how innovation is reshaping New Jersey's $40 billion hospitality sector.
New Jersey Restaurant Innovation Summit to Spotlight Hospitality Technology and Business Trends
The New Jersey Restaurant & Hospitality Association (NJRHA) will host its first-ever Innovation Summit on Sept. 30 at the National Conference Center in East Windsor, bringing together restaurant owners, chefs, hospitality executives, and technology providers.
The event will feature discussions on artificial intelligence, restaurant technology, payment compliance, and strategies to improve guest experiences and profitability. NJRHA President and CEO Daniel Klim said the summit was developed in response to member demand for practical business solutions amid rising labor and operating costs. Organizers say the interactive program will provide attendees with actionable insights from industry leaders while exploring how innovation is reshaping New Jersey's $40 billion hospitality sector.
Breckenridge Luxury Homesites Set Summit County Record With $14 Million-Per-Acre Sales
Two homesites atop Peak 8 have shattered Summit County residential land sale records, fetching more than $14 million per acre. The transactions mark another watershed moment in a wide-reaching Breckenridge Grand Vacations project that is set to transform residential living in town and by Breckenridge Ski Resort.
Just over a year after Breckenridge Grand Vacations brought its Victory Ridge homesites to market, buyers have purchased 11 of the 14 luxury lots above the Timber Trail neighborhood atop Peak 8. The homes will be in an area confined by the Snowflake lift and Trygve’s Trail, a ski run off of the Rip’s Ride lift. Victory Ridge alone has generated more than $85 million in sales at an average of $7.7 million per parcel, which range from two-thirds to just over an acre.
Combined with nearby luxury townhomes and high-end projects transforming Breckenridge’s landscape, Breckenridge Grand Vacations sales have approached $200 million over the past year.
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