Gold Magazine January - February 2014, Issue 34 | Page 8

up front

Louis Vuitton

Closes
Cyprus Store

Double delivery takes
Emirates A380 fleet to 44

E

mirates recently
took delivery of
its 43rd and 44th
A380 aircraft
with a double
delivery from
Airbus’ Finkenwerder facility
in Hamburg, Germany.
“Our customers love the A380
– from the quieter cabins
and spacious layout on the
main deck, to the on-board
lounge and shower spas
in our premium cabins. It
is a beautiful aircraft which
we have packed full of the
best inflight comforts and
products. From an operator

standpoint, the A380 is still
one of the most fuel efficient
aircraft per seat. It offers us
some flexibility in range and
also helps us to meet demand
at slot-constrained airports,”
said Tim Clark, President,
Emirates Airline.
Emirates operates the
world’s largest fleet of A380s,
flying one in three of these
modern jets in the skies
today. Emirates was the first
airline to order the aircraft
back in 2000, and it ordered
another 50 more at the Dubai
Air Show in November. In
2013, Emirates received 13

A380 aircraft and it expects
to receive another 13 in 2014.
The airline still has 96 more
A380s worth USD 43 billion
on order, of which 71 are
expected to be delivered over
the next five years, before the
end of 2018. 
Emirates operates four
scheduled flights weekly
from Larnaca to Dubai: every
Monday, Wednesday, Friday
and Saturday. On these
days in the morning, EK 107
arrives from Dubai while in
the afternoon EK108 arrives
from Malta on its flight back
to Dubai.

L

uxury French brand
Louis Vuitton’s Nicosia store closed its
doors on December
31 2013, following
a difficult year for sales of luxury
goods in Cyprus. The dedicated
boutique store, opened in 2007 on
Stasicratous Street, was LV’s 372nd
boutique worldwide. The move
comes as Louis Vuitton, along with
other major international brands,
seeks to pull out of operations in
countries with struggling economies to reduce the risk of a drop in
turnover. LVMH (Moët Hennessy
Louis Vuitton) recorded overall
revenue of €13.7 billion in the first
half of 2013, showing an increase of
6% compared to the same period
in 2012; organic revenue growth
was 8%. The Group continues to
experience good momentum in the
US and Asia, and continues to grow
cautiously in Europe’s more difficult
economic environment to visitors
which draws them in.

Andreas Neocleous & Co LLC dominates

Best Lawyers’ 2014 listing

L

awyers from Andreas
Neocleous & Co LLC dominate Best Lawyers’ 2014
listing of lawyers in Cyprus, announced on December
4, with fourteen lawyers from
the firm ranked as leaders in
their field, more than any other
firm, holding leadership positions in all practice areas and

accounting for more than 10% of
all the lawyers listed in Cyprus.
Andreas Neocleous is the Best
Lawyers’ 2014 Limassol Banking Law “Lawyer of the Year”
and Elias Neocleous is Limassol
Corporate Law “Lawyer of the
Year.” Inclusion in Best Lawyers
is based entirely on peer-review.
The methodology is designed to

capture, as accurately as possible, the consensus opinion
of leading lawyers about the
professional abilities of their
colleagues within the same
geographical area and legal
practice area, using a sophisticated, rigorous rational and
transparent survey process.
Best Lawyers has been carrying

out research on the legal profession for more than thirty years,.
In 2006 Best Lawyers published
its first international list (Best
Lawyers in Canada) and since
then has grown to provide lists
in more than 65 countries worldwide. It has been covering the
legal profession in Cyprus for
five years.