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Business & Finance

DAE takes majority shareholding in Joramco

Posted 20 September 2016

Dubai Aerospace Enterprise (DAE) Ltd is to acquire 80% of Jordan Aircraft Maintenance Limited (Joramco) from The Abraaj Group, the UAE company announced today.

in Air Transport / Business & Finance

Tunisair cuts jobs and steps in for A320neo in competitiveness bid

Posted 7 September 2016

State-owned Tunisair is to shed around 1,000 jobs as part of a national austerity plan and a bid to make the airline more competitive. The job losses will affect around 12% of the full-time workforce of around 8,200.

in Business & Finance

Nile Air looks to go public on Egyptian Stock Exchange in 2017

Posted 5 September 2016

Nile Air's chief executive officer Ahmed Aly said the Egyptian airline is looking to go public on the Egyptian Stock Exchange at some point in 2017, reports ch-aviation.

in Business & Finance

Flydubai releases half-year results showing increased passenger growth

Posted 5 September 2016

Flydubai has announced its half-year results for 2016 and has reported total revenue of AED 2,302 million (USD 627 million) an increase of 5.4% compared to the first six months of last year and a loss of AED 89.9

in Business & Finance

Novus expands into UK

Posted 2 September 2016

Dubai-based global aircraft leasing platform Novus Aviation Capital has launched a UK subsidiary in an effort to grow its global footprint. Novus Aviation Capital (UK) Limited, based in London, is headed up by Mamoun Kuzbari, Managing Director at Novus Aviation

in Business & Finance

Royal Jordanian and Bank of Palestine launch co-branded 'My Miles' MasterCard

Posted 1 September 2016

The Bank of Palestine has sealed an agreement with Royal Jordanian (RJ) to launch a co-branded MasterCard called “My Miles” as part of RJ's endeavor to enhance its market share and commercial existence in

in Business & Finance

IATA and Egyptian authorities working together to address airline blocked funds

Posted 30 August 2016

The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international

in Business & Finance

Egyptair Holding Company will not be privatised, said CEO

Posted 18 August 2016

Safwat Mossallam, the chairman and CEO of the EgyptAir Holding Company said the company will not be privatised as part of economic reforms the government will undertake later this year, reports ch-aviation.

in Air Transport / Business & Finance

Air Arabia first half profit rise but underlying concern over yield

Posted 15 August 2016

Sharjah headquartered Air Arabia has generated a 3.5% increase in first-half net profit to $67 million despite a drop in its second-quarter figures.

in Business & Finance

Boeing will not increase production of 787 and may cut 777 out-put unless sales improve

Posted 12 August 2016

Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.

in Business & Finance

Air Arabia reports net profit of AED 245 million in first half of 2016

Posted 11 August 2016

Air Arabia has reported strong financial results for the first half of 2016 ending June 30, 2016.

in Business & Finance

ADA Group half year profits rise

Posted 1 August 2016

Half year net profit at the Abu Dhabi Aviation (ADA) Group has risen 3.2% to $38.4 million compared to the first six months of 2015 though Group turnover slipped 5.3% year-on-year to $247.1 million

in Air Transport / Business & Finance

Qatar increases stake in IAG

Posted 1 August 2016

Qatar Airways has increased its stake in International Airlines Group (IAG) to more than 20%.

in Air Transport / Business & Finance

Jazeera sees profits drop but notes the positives

Posted 1 August 2016

Kuwaiti low cost carrier Jazeera Airways saw profits drop for the first half of the year by 3% compared to the previous year – but still reported a net profit of $19.7 million(KD 6 million).

in Business & Finance

Novus in Lion Air sale and leaseback deal

Posted 1 August 2016

Novus Aviation Capital the Dubai-based global aircraft leasing platform has acquired three Boeing 737-900ER aircraft from PT Lion Mentari Airlines ('Lion Air'), which have been placed on long operating leases with the Indonesian low-cost

in Business & Finance

Boeing reports second-quarter results

Posted 28 July 2016

The Boeing Company has reported second-quarter revenue of $24.8 billion on strong commercial deliveries and services growth.

in Business & Finance

EAG and partners to support 108,000 jobs in the USA

Posted 25 July 2016

Etihad Aviation Group (EAG) and its equity partner airlines will support 108,000 jobs across the USA in 2016 and make a US$10.7 billion contribution to the national economy this year, demonstrating a significant impact in one of the

in Business & Finance / Maintenance

Mubadala sells controlling interest in SR Technics

Posted 16 July 2016

Abu Dhabi aerospace investment company Mubadala has sold its majority shareholding in MRO company SR Technics to China's HNA Group.

in Business & Finance

Qatar Airways Group announces 8.6 percent operating profit margin for 2016

Posted 11 July 2016

Qatar Airways Group announced a 3 billion QAR operating profit for fiscal year 2016 - nearly three times greater than fiscal 2015 profit of 1.1 billion QAR, resulting in an 8.6 per cent operating profit margin,

in Business & Finance

Oman Air to be in new holding company

Posted 13 June 2016

Oman's Minister of Transport and Communications, Dr Ahmed Al Futaisi, said the government is in the process of setting up a holding company whose assets will include Oman Air, the Oman Airports Management Company, and the soon-to-be-established Oman

in Business & Finance

Emirates repays two bonds in full totalling more than USD $1.1 billion

Posted 12 June 2016

Emirates Airline has said that it has repaid a bullet bond in full for the value of USD $1 billion (AED 3.673 billion) on its maturity date of 8 June 2016.

in Business & Finance

Etihad Aviation Group and partners to contribute to Abu Dhabi economy in 2016

Posted 1 June 2016

Etihad Aviation Group (EAG) and its equity airline partners will provide a contribution of up to US$9.6 billion to the Abu Dhabi economy in 2016, according to figures released today by Oxford Economics

in Business & Finance

Etihad Aviation Group and Partners boost financing platform strategy to US$1.2 Billion

Posted 25 May 2016

Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles and Alitalia have successfully raised a further US$500 million in a second platform financing transaction,

in Business & Finance

International Aviation Services Organization unveiled at EBACE

Posted 24 May 2016

A new non-profit organisation, the International Aviation Services Organization (IASO), was unveiled at EBACE in Geneva today.

in Business & Finance

Qatar Airways increases its shareholding in International Airlines Group

Posted 23 May 2016

Qatar Airways has announced that it has increased its shareholding in International Airlines Group (IAG) from just under 12 per cent to 15.01 per cent.

in Business & Finance

Pegasus' turnover reaches 691 million TL in Q1 of 2016

Posted 19 May 2016

Pegasus Airlines has announced its Q1 financial results for 2016. In Q1, Pegasus achieved a turnover of 691,100,801 Turkish Liras, growing by 19% year-on-year. Pegasus has increased the number of guests carried in the first

in Business & Finance

Emirates Group announces record profits

Posted 10 May 2016

The Emirates Group has announced its 28th consecutive year of profit and steady business expansion, ending the year with record profits, and in a strong position despite the global and operational challenges during this period.

in Business & Finance

Air Arabia reports strong first quarter net profit of AED114 million, up 34%

Posted 9 May 2016

Air Arabia has reported strong financial results for the first quarter of 2016 exceeding analyst expectations as the Middle East's first and largest low cost carrier continued to deliver outstanding

in Business & Finance

Investec closes $1bn A380 aircraft deal with Emirates

Posted 9 May 2016

Investec Bank's aviation finance arm has announced the successful closing of a $1 billion operating lease transaction with Emirates Airline, the world's largest operator of the Airbus A380 and Boeing 777 aircraft.

in Business & Finance

TAV Airports Holding release finacial results for Q1 2016

Posted 4 May 2016

TAV Airports Holding has announced its 2016 first quarter EBITDA of EUR 82 million with an increase of 4% and revenue of EUR 231 million with an increase of 2%.

in Air Transport / Business & Finance

Turkish Mid East and GCC capacity in Q1 double digit boost

Posted 3 May 2016

Turkish Airlines has boosted its Middle East and GCC capacity in Q1 with both regions seeing double-digit growth. The airline's Chief Marketing Officer Ahmet Olmuştur said during the first three months of this year, its

in Business & Finance

Etihad Airways'partner Air Seychelles reports fourth year profitabilty in a row

Posted 3 May 2016

Air Seychelles has reported its fourth year of profitability in a row, with net profits of USD2.1 million in 2015, on revenues of USD 105.4 million.

in Business & Finance

Alitalia financially on track for 2017 profits with the help of partnership with Etihad Airways

Posted 3 May 2016

Alitalia, in partnership with Etihad Airways, has confirmed it is on track to become profitable by 2017, as it reduced its losses by € 381 million in 2015 compared to the previous year.

in Business & Finance

Abu Dhabi Aviation group sees profits rise

Posted 19 April 2016

The Abu Dhabi Aviation Group saw its profits rise 13.35% last year to $75.5 million (AED 277.35 million) up from $66.6 million (AED244.69 million) in 2014. The profit accrued on a Group turnover of AED2.18 billion (593.5 million) which was up

in Business & Finance

Jazeera Airways shareholders approve KD3 million cash dividend for 2015

Posted 18 April 2016

Jazeera Airways shareholders have approved a board proposal for the distribution of a cash dividend of KD3 million, equivalent to 15% of the share's nominal value, for the year 2015 during the company's 14th

in Business & Finance

Etihad Airways selects National Bank of Abu Dhabi as its Middle East strategic partner

Posted 4 April 2016

Etihad Airways has selected National Bank of Abu Dhabi (NBAD), the largest UAE lender by assets, as its Middle East Strategic partner for transactional banking services.

in Business & Finance

Mubadala results show value of aerospace division

Posted 1 April 2016

Aerospace and engineering services, including the Al Ain-based composite aircraft parts manufacturer Strata, contributed 22% to last year's group revenues for the Mubadala Development Company (MDC) – the Abu Dhabi government-owned

in Business & Finance

Oman Air AGM meeting reveals positive results for 2015

Posted 22 March 2016

Oman Air's shareholders received positive financial results for 2015 at the airline's Annual General Meeting (AGM) that was held at Oman Air's headquarters in Muscat.

in Air Transport / Business & Finance

Royal Jordanian posts JD21 million net profit in 2015

Posted 15 March 2016

Royal Jordanian has released its financial results for 2015. The figures show that Royal Jordanian registered a net profit before tax of JD21 million in 2015, while in 2014 it had registered JD49.5 million net losses before tax.

in Business & Finance

Air Arabia shareholders approve nine percent cash dividend at AGM

Posted 14 March 2016

Air Arabia shareholders have approved the distribution of a nine percent cash dividend for the 2015 financial year at the company's Annual General Meeting (AGM) in Sharjah.

in Air Transport / Technology / Business & Finance

Mubadala and Boeing forge closer links with new R&D agreement

Posted 10 March 2016

Mubadala and Boeing have signed a new strategic agreement to collaborate on research and development to expand aerospace manufacturing capabilities in the UAE.

in Business & Finance

Pegasus Airlines releases 2015 financial results

Posted 9 March 2016

Pegasus Airlines has announced its financial results for 2015.

in Business & Finance

Turkish Airlines announces record high net profits in 2015

Posted 3 March 2016

Turkish Airlines has reported a 1 billion 69 million USD net profit, surpassing a billion dollars for the first time in its history, reports Borsa Istanbul.

in Business & Finance

German finance company EMP close sale lease back with Emirates for A380

Posted 2 March 2016

Munich-based aviation finance arranger EMP, working in conjunction with Aviation Finance Company (AFC), Dubai Islamic Bank (DIB) and a German institutional investor, closed a ten-year sale lease-back

in Business & Finance

Etihad Airways signs CITI as international cash management bank partner

Posted 24 February 2016

Etihad Airways has announced an enhanced agreement with Citi as its international cash management bank partner.

in Business & Finance

TAV Airports' revenue passes EUR 1 billion

Posted 15 February 2016

TAV Airports increased its revenue by 10% to EUR 1079 million in 2015. The company has posted EUR 210 million in net profit.

in Business & Finance

Royal Jordanian closes an oversubscribed US$ 275 million loan facility

Posted 10 February 2016

The Royal Jordanian Airlines has announced the successful closure of its US$ 275,000,000 dual conventional and Islamic secured syndicated facility.

in Business & Finance

Flydubai reports 2015 profit

Posted 10 February 2016

Flydubai has reported profits of AED 100.7 (USD 27.4 million) for 2015 following a stronger second half-year which saw increased numbers of passengers travel across its network.

in Business & Finance

Jazeera Airways reports KD15.4 million in net profit for 2015

Posted 8 February 2016

Jazeera Airways released its full-year financial results for 2015. The company recorded a net profit of KD15.4 million and an operating profit of KD13.6 million, reflecting a 2% increase from last year. The board of

in Business & Finance

Air Arabia delivers 2015 net profit of AED 531 million

Posted 8 February 2016

Air Arabia has announced strong full-year financial results for 2015 as the Middle East and North Africa's first and largest low-cost carrier continued to deliver healthy growth and strong levels of profitability.

in Business & Finance

Emirates brand value grows 17% to reach US$7.7 billion

Posted 2 February 2016

Emirates has come out on top again as the world's most valuable airline brand, according to the 2016 Brand Finance Global 500 report, which was released yesterday.

in Business & Finance

Airlines top the UAE brand survey

Posted 1 February 2016

Emirates Airline has topped a poll of UAE residents aimed at discovering which company had the best brand image in the Emirates – and Abu Dhabi's Etihad Airways has come in second.

in Business & Finance

Boeing reports fourth-quarter results

Posted 28 January 2016

The Boeing Company reported fourth-quarter revenue of $23.6 billion and core earnings per share (Non-GAAP) of $1.60.

in Business & Finance

Boeing forecasts new participants and more options for 2016 aircraft financing

Posted 22 January 2016

Boeing has said airlines and lessors will continue to have access to efficient funding at attractive pricing throughout 2016 as new participants enter the aircraft financing industry and current

in Business & Finance

Charles Taylor Adjusting strengthens its aviation team in the Middle East

Posted 21 January 2016

Charles Taylor Adjusting (CTA) has appointed Richard Jackson as resident aviation surveyor and Adjuster in Dubai.

in Business & Finance

Etihad Airways appoint Lowe Open as global direct marketing agency

Posted 21 January 2016

Etihad Airways has appointed Lowe Open as its first global direct marketing agency following a competitive pitch.

in Business & Finance

Etihad Airways launches legal appeal to protect Airberlin investment

Posted 4 January 2016

Etihad Airways today launched fresh legal action in a bid to overturn a German court's decision to revoke the approval for 29 of its codeshare flights with airberlin.

in Business & Finance

Egyptair fined for Sudan Airways leases

Posted 4 January 2016

Egyptair has been fined USD140,000 by the US Bureau of Industry and Security (BIS) for violating a US trade embargo against Sudan between 2010 and 2011, reports ch-aviation.

in Business & Finance

EMP finances first Emirates A380 operating lease using traditional and Islamic capital

Posted 28 December 2015

Munich-based aviation finance arranger EMP has arranged the purchase of an A380-800 operating lease to Emirates from Stellwagen Finance Company, the holding company for Aviation Finance

in Business & Finance

Jazeera Airways finalises voluntary capital reduction

Posted 7 December 2015

Jazeera Airways has finalised its voluntary capital reduction process to bring down its capital from KD42 million to KD20 million to match the size of its current operations after it exited the aircraft leasing business.

in Business & Finance

Emirates' releases results on operations in India

Posted 26 November 2015

Emirates and the National Council of Applied Economic Research (NCAER) in New Delhi, have released the results of an economic impact study that measures Emirates' contribution to the Indian economy.

in Air Transport / Business & Finance

Avisa Gulf wins restructuring deal from national carrier

Posted 18 November 2015

Abu Dhabi-based Avisa Gulf has won a contract to review and restructure an undisclosed national flag carrier.

in Business & Finance

Avisa Gulf wins contract to review and restructure a national flag carrier

Posted 18 November 2015

Avisa Gulf the approved aviation consultancy in the GCC, has won a contract to review and restructure a national flag carrier.

in Air Transport / Business & Finance / Features

Anatomy of a merger

Posted 10 November 2015

When Daallo Airlines called in Dubai-based consultancy Aerotask for a bit of business advice, neither side realised the job would culminate in the merger of the airline with local rival Jubba Airways fewer than six months later. Victoria Moores reports.

in General Aviation / Business & Finance / Events

Dubai 2015: Qatar Airways becomes RAeS corporate partner

Posted 10 November 2015

Qatar Airways today joined the professional body dedicated to the aerospace community, the Royal Aeronautical Society (RAeS).

in Business & Finance

Ex-Im on the road to reauthorisation

Posted 29 October 2015

The US Export-Import Bank (Ex-Im), a vital part in the financing of aircraft and other assets in Africa and the Middle East, has been reauthorised by the US House of Representatives.

in Business & Finance / Airports

Turkey's mega airport gets finance go-ahead

Posted 22 October 2015

Turkey's plans to build the world's largest airport in Istanbul, were given a financial boost this week as three public and three foreign-financed banks signed deals to provide $5.11 billion to a joint venture involving five Turkish

in Air Transport / Business & Finance

Flydubai revenues rise but shows first half losses

Posted 19 October 2015

Low cost carrier flydubai has reported increased year-on-year revenues for the first six months of this year but an overall loss of US $40.1 million in its unaudited H1 results posted on Nasdaq with CEO Ghaith Al Ghaith commenting: “The

in Business & Finance

Jazeera Airways shareholders approve voluntary reduction of capital, and cash

Posted 12 October 2015

Jazeera Airways shareholders approved a board recommendation to reduce the company's capital from KD42 million to KD20 million through a share buyback program to readjust the company's capital to match

in Air Transport / Business Aviation / Business & Finance

Bombardier's secret talks with Airbus have ended

Posted 7 October 2015

Airbus confirmed today that it had been in talks with Canadian manufacturer Bombardier, but those discussions “are no longer being pursued”.

in Defence / Business Aviation / Business & Finance

Mubadala completes 100% takeover of Piaggio

Posted 18 September 2015

Mubadala has become the 100% owner of Piaggio Aerospace, the maker of the Avanti turboprop and more recently the unmanned P1 HammerHead (P1HH) reconnaissance platform.

in Business & Finance

Etihad Airways and partner airlines' fundraising transaction increased

Posted 17 September 2015

Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial

in Business & Finance

Etihad Airways complete platform financing transaction

Posted 16 September 2015

Etihad Airways, its airport services business and five of its equity partners have successfully completed an innovative new platform financing transaction, raising $500 million on the international markets.

in Business & Finance

Emirates forms strategic partnership MCI

Posted 27 August 2015

Emirates and MCI have announced a global alliance which will see Emirates becoming the official airline of its large and international events. MCI in turn will be the preferred Professional Congress Organiser (PCO) for Emirates.

in Business & Finance / Flight Services & Support

Air Partner moves into safety with acquisition of Baines Simmons

Posted 19 August 2015

Global aviation services group, Air Partner has entered the aviation safety market with the acquisition of Baines Simmons.

in Air Transport / Business & Finance

Pegasus records first half growth in revenue, passengers and profit

Posted 16 August 2015

Pegasus Airlines has announced its financial results for the first six months of 2015 with revenue growing by 9 per cent year-on-year to reach $500.34 million while simultaneously achieving an operational EBITDAR

in Business & Finance

Oman Air launches anti-credit card fraud initiative

Posted 30 July 2015

Oman Air has launched a new initiative to prevent credit card fraud.

in Air Transport / Business & Finance

Jazeera reports profit increase ... and still has eyes for Kuwait Airways

Posted 29 July 2015

Jazeera Airways Group has announced its first half profits with a 27% increase in net gains compared to the same period last year.

in Business & Finance

UAE airlines leading the way in customer service says TICSI chief

Posted 26 July 2015

The UAE's buoyant aviation sector has shown the country's unique customer service challenges can be addressed with its airlines now global benchmarks for service delivery, according to the president of The

in Business & Finance

LCI concludes first Islamic-structured PDP helicopter financing

Posted 23 July 2015

LCI, the aviation leasing arm of the Libra Group, has completed the world's first secured helicopter PDP (Pre-Delivery Payment) funding under a unique Islamic finance structure.

in Business & Finance

Etihad Airways partner airlines select Starcom as global media agency

Posted 9 July 2015

Etihad Airways Partner (EAP) airlines Etihad Airways, Alitalia, airberlin and Jet Airways have announced that Starcom, part of Starcom MediaVest Group, has won the contract to become the airline group's new

in Business & Finance

RJ and Oasis 500 sign a partnership agreement to encourage innovation in the airline industry

Posted 1 July 2015

Royal Jordanian and Oasis 500 have signed a partnership agreement whereby RJ will generate innovative business ideas across its entire value chain and Oasis 500 will invest and

in Business & Finance

Largest aircraft leasing deal in SAUDIA's history arranged by Quantum and Palma

Posted 24 June 2015

International Airfinance Corporation (IAFC) has appointed Quantum Investment Bank Ltd (Quantum) and Palma Capital Limited (Palma) - both DIFC based and regulated by the Dubai Financial Services

in Business & Finance

Boeing forecasts demand for 38,050 new airplanes valued at $5.6 trillion

Posted 12 June 2015

Boeing projects a demand for 38,050 new airplanes over the next 20 years, an increase of 3.5 percent from last year's forecast. Boeing released its annual Current Market Outlook (CMO) today, estimating the

in Air Transport / Business & Finance

Jazeera's plans for Kuwait Airways thwarted as privatisation plans face abandonment

Posted 10 June 2015

Kuwait looks set to abandon the existing privatisation process for its flag-carrier in favour of a watered-down flotation that will leave 75% of the airline under government control, chief

in Business & Finance

Dubai company dnata invests over £20 million to support aviation growth in the UK

Posted 9 June 2015

Over the past 12 months dnata has invested more than GBP20 million in facilities, equipment, training and technology to support the growth of aviation in the United Kingdom.

in Business & Finance

Etihad Airways selects Accenture to support business transformation programme

Posted 8 June 2015

Etihad Airways has announced the signing of a collaboration agreement with Accenture to support the implementation of its business transformation program to improve productivity, efficiency and

in Air Transport / Business & Finance

Jazeera reveals plans to buy 35% of Kuwait Airways

Posted 2 June 2015

Jazeera Airways has formally submitted a letter of intent to acquire 35% of Kuwait Airways which is currently undergoing a privatization process by the Government of Kuwait. The 35% stake is the maximum allowed stake by a single private

in Business & Finance

Turkish Airlines sets up new independent office in Abu Dhabi

Posted 28 May 2015

Turkish Airlines has opened its new independent office in Abu Dhabi, led by increasing demand from the UAE capital, with nearly 4 per cent growth in passenger traffic reported in 2014.

in Business & Finance

Etihad Airways reveals profit of US$ 73 million in 2014

Posted 28 May 2015

Etihad Airways has achieved its strongest financial results to date in 2014, posting a net profit of US$ 73 million on total revenues of US$ 7.6 billion, up 52.1 per cent and 26.7 per cent respectively over the previous year.

in Business & Finance / Maintenance

DAE sells its MRO business to Veritas to focus on leasing business

Posted 26 May 2015

Dubai Aerospace Enterprise (DAE) has sold 100% of StandardAero to an affiliate of Veritas Capital. Terms of the transaction were not disclosed.

in Business & Finance

Turkish Airlines recorded 153 million USD net profit in Q1 of 2015

Posted 14 May 2015

Turkish Airlines has reported its first quarter 2015 consolidated financial statements to Borsa Istanbul.

in Air Transport / Business & Finance

Air Arabia reports growth in first quarter profits

Posted 11 May 2015

Low cost carrier Air Arabia has reported a 13% increase in net profit for the first quarter of 2015.The Sharjah airline which operates from Morocco and Egypt announced its financial results this morning as the airline's route and hub

in Air Transport / Business Aviation / Business & Finance

Aviation Africa: How does the region get the finance it needs?

Posted 10 May 2015

For many years Africa has been seen as a high-risk investment. Access to structured finance has been hard to break through, but are things changing? From modernising fleets to introducing new business aircraft,

in Business & Finance

Engineering's margin improvement leads DAE to 43% revenue boost

Posted 7 May 2015

Dubai Aerospace Enterprise (DAE) has reported net income for 2014 of $159.5 million, a 43% increase on the the previous year.

in Business & Finance

EgyptAir launches new pricing policy

Posted 5 May 2015

EgyptAir has recently launched a new pricing policy on all flights to/from Europe, through which the passengers will enjoy special ticket prices.

in Business & Finance

Royal Jordanian outlines restructuring plans at annual meeting

Posted 3 May 2015

Royal Jordanian held its general assembly ordinary and extraordinary meeting yesterday at the Sheraton Hotel, Amman, presided by the chairman of the RJ Board of directors Suleiman Al Hafez and

in Business & Finance

Pegasus Airlines releases traffic data for Q1 2015

Posted 30 April 2015

According to the Public Disclosure Platform's (KAP) traffic data for January-March 2015, Pegasus Airlines continues to grow in double-digits.

in Business & Finance

Royal Jordanian reduces losses by 64% in the first quarter

Posted 29 April 2015

The net loss of Royal Jordanian decreased by 64% in the first three months of this year, compared to the same period last year. The net loss of the first quarter of 2015 reached JD8.3 million, against JD23 million incurred by the

in Business & Finance

Palma and Ibdar venture bring three more Q400s for Falcon Aviation

Posted 29 April 2015

Palma Holding and Ibdar Bank announced today that they have acquired three additional BombardierQ400 NextGen aircraft under a joint venture established by the firms to undertake investments in the aircraft leasing

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Issue 3, Vol 8: Arabian Aerospace August - October 2016

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Other News

Nile Air looks to go public on Egyptian Stock Exchange in 2017

Nile Air's chief executive officer Ahmed Aly said the Egyptian airline is looking to go public on the Egyptian Stock Exchange at some point in 2017, reports ch-aviation.

Boeing reports second-quarter results

The Boeing Company has reported second-quarter revenue of $24.8 billion on strong commercial deliveries and services growth.

Egyptair Holding Company will not be privatised, said CEO

Safwat Mossallam, the chairman and CEO of the EgyptAir Holding Company said the company will not be privatised as part of economic reforms the government will undertake later this year, reports ch-aviation.

Boeing will not increase production of 787 and may cut 777 out-put unless sales improve

Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.

IATA and Egyptian authorities working together to address airline blocked funds

The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international airlines operating to Egypt.

Jazeera sees profits drop but notes the positives

Kuwaiti low cost carrier Jazeera Airways saw profits drop for the first half of the year by 3% compared to the previous year – but still reported a net profit of $19.7 million(KD 6 million).

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