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These are the top 5 airports flying high in 2021

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The ratings are in and according to aviation enthusiasts, the following airports have surpassed the mark with flying colours.

HIA passenger terminal and carpark

The results on the world’s best airports are in and to the surprise of many, they’re not what we expected. 

Singapore’s Changi Airport, renowned for its hustle and bustle of international cargo and passenger traffic, and beautiful interior designs, took the top spot for eight years in a row.

But this year, the South East Asian airport has been dethroned in an unforeseen twist. 

1st Place: Doha Hamad Airport

HIA passenger terminal at sunset

Ranking first in the 2021 Skytrax World Airport Awards is Doha Hamad, also known as Qatari Hub. 

Doha Hamad swapped places with Changi this year, after placing third in the 2020 report. 

Engr. Badr Mohammed Al-Meer, Chief Operating Officer at Hamad International Airport (HIA), says the airport is honoured to be crowned the World’s Best Airport of 2021.

“This is a truly remarkable achievement for HIA and the State of Qatar, and an endorsement from our travellers for our commitment to service excellence,” Al-Meer says.

“As we look towards the future, HIA remains devoted to boosting our efforts in providing the best airport experience to all our passengers.”

The Qatari Hub also won the titles of Best Airport in the Middle East, the World’s Best Airport in the 25 to 35 million Passenger category, and the Best Airport Staff in the Middle East

2nd Place: Tokyo Haneda Airport

Haneda Airport Terminals

Holding position in second place for another year is Tokyo’s Haneda Airport. 

It’s one of the Japanese capital’s two major airports and is home to Japan Airlines and All Nippon Airways. 

More recently, the Japanese airport saw the arrival and departure of several athletes for 2020s Tokyo Olympic games.

Haneda Airport tarmac at night

In a newly introduced category, Tokyo Haneda Airport was awarded a 5-star COVID-19 Airport Safety Rating.

This award follows their success in meeting very high standards of hygiene and safety protocols put in place to prevent the spread of coronavirus during their preparation for the Olympics. 

Qatar’s airport also received the same award in 2020, being the first airport in the Middle East and Asia to receive the 5-star rating.

3rd Place: Singapore Changi Airport

Changi Jewel

Despite falling two places from the top, Singapore’s Changi Airport still finds itself in the top five.

This year, the eight-time winner was named the World’s Best Airport in the 10 to 15 million Passenger category and took the awards for the World’s Best Airport Staff and the Best Airport Staff in Asia.

Changi terminals

While it may come to the disappointment of fans who regularly praise the airport for it’s ease, quality food and beverage options and overall comfort, Changi still sits high in third place as one of the most beautiful airports in the world. 

4th Place: Seoul Incheon Airport

Seoul Incheon Airport

Sitting comfortably in fourth place is Incheon International Airport in South Korea. 

One of the largest and busiest airports in the world, Incheon International seems like something from Futurama

The airport thrives off delivering the ultimate experience for their passengers, providing plenty of space to relax, unwind and to get lost in Seoul’s culture.

5th Place: Tokyo Narita Airport

Narita Airport Terminal 1

Tokyo is fortunate enough to see both of it’s airports placed in the top 5 with Tokyo Narita International Airport earning a spot this year. 

Having placed seventh in 2020, the airport located in the capital’s east advanced two steps higher to make it to fifth place. 

While they may have not received the 5-star COVID-19 Airport Safety Rating like their Haneda counterpart, Narita International Airport is applauded for their high health and hygiene standards and continuous efforts to keep everyone safe during the pandemic. 

Narita Airport shopping strip

Results for the 2021 Skytrax World Airport Awards are obtained from the Annual Airport Customer Survey for the Passenger’s Choice Awards with data collected between August 2020 and July 2021.

Travellers are to vote for their favourite or best airport experiences, with many taking the COVID-19 pandemic into consideration this year.

For the full list of the World’s Top 100 Airports for 2021 and more airline awards, head to Skytrax’s website.

Written by Rebecca Borg

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Money

Boeing CEO to depart with lucrative exit package despite chaos

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Boeing CEO Dave Calhoun is set to step down from his position at the end of the year, walking away with a substantial payout despite challenges faced during his tenure.

Here are the key points:

  • Massive Payout: Despite Boeing’s stock price plummeting by 43% since Calhoun took over as CEO in 2020, he is poised to receive a $24 million payment upon his departure.

  • Additional Compensation: Calhoun holds options that could potentially earn him an additional $45.5 million if his successor manages to boost Boeing’s share price by 37%.

  • Comparative Compensation: Calhoun’s compensation during his tenure exceeds that of CEOs in similar industries, despite Boeing’s stock underperforming in comparison.

Boeing CEO Dave Calhoun’s impending departure at the end of the year has sparked controversy as he stands to walk away with a substantial payout, despite the company’s tumultuous journey under his leadership.

READ MORE: Boeing CEO to step down

Despite inheriting a company reeling from the aftermath of two deadly 737 Max crashes, Calhoun’s tenure has been marred by further setbacks, including the recent Alaska Airlines door blowout incident that further tarnished Boeing’s reputation.

Boeing offers CEO $5.3 million incentive to stay through recovery …

With Boeing’s stock price plummeting by 43% during Calhoun’s time at the helm, questions arise about the correlation between executive compensation and company performance, especially in the face of such significant challenges.

‘Raised eyebrows’

Calhoun’s lucrative exit package, valued at $24 million, has raised eyebrows among shareholders and industry observers alike.

Additionally, the potential for Calhoun to earn an additional $45.5 million based on the future performance of Boeing’s shares has intensified scrutiny over executive compensation practices.

This sizable payout contrasts starkly with Boeing’s stock performance, which has significantly underperformed compared to both industry peers and broader market indices, highlighting the dissonance between executive rewards and shareholder value creation.

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Money

It’s been a record year for CEO compensation

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In 2023, Broadcom’s CEO Hock Tan was granted a stock award worth $161 million, propelling him into the realm of highest-paid CEOs.

However, as the company’s share price surged, the value of Tan’s award skyrocketed to approximately $1.3 billion, outpacing even the shareholders’ annual returns.

Tan’s compensation reflects a broader trend among top executives in the tech sector, where awards of restricted stock and stock options surged in value alongside company share prices.

Notably, CEOs like Charles Robbins of Cisco Systems and Shantanu Narayen of Adobe also saw substantial increases in their compensation, doubling in some cases.

The disclosure of such equity growth in executive compensation is a new requirement by the Securities and Exchange Commission (SEC), providing shareholders with insights into the changing value of executives’ awards throughout the year.

CEO pay is on the rise.

New heights

Overall, CEO pay at major S&P 500 companies reached new heights in 2023, rebounding from slower growth in the previous year. The median pay for these CEOs rose to $15.6 million, up from $14.1 million in 2022, reflecting a surge in equity awards.

Broadcom clarified that Tan’s stock award is designed to span five years, with no plans for additional equity grants or cash bonuses during that period.

Tan’s compensation, which amounts to approximately $33 million annually over five years, is contingent upon his continued tenure and specific share price targets.

While the initial valuation of Tan’s restricted shares stood at $160.5 million, the surge in Broadcom’s share price prompted the company to reassess the likelihood of meeting vesting conditions.

This reassessment suggests that Tan may not receive all the shares initially granted.

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Money

Market forecast: weather whirlwinds influencing investments

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Prime conditions for commodity investments arise from global weather shifts, geological tensions, and rising interest rates.

With global weather patterns causing disruptions in traditional supply chains, coupled with geopolitical tensions over natural resource access, and the anticipation of higher interest rates impacting financial markets, the conditions for commodity investments have reached exceptional levels.

Amidst this backdrop, Farrer Capital has emerged as a standout player, leveraging its unique ‘blue ocean’ approach to capitalize on price dislocations and scarce competition in the market.

Mark Wyld from MW Wealth joins the show to share his insights on the inclement weather impacting the market.

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