Citi – the Middle East arm of the global Citibank group - has today announced the signing of an agreement with UAE flag carrier Etihad Airways to provide a supply chain finance (SCF) solution to pay select suppliers.
Rockwell Collins has opened a new business office in Riyadh, Saudi Arabia, a key growth market for the company. The announcement was made at IDEX 2015 today.
Etihad's CEO James Hogan, is withdrawing from the board of one of its equity-partner airlines Virgin Australia.
Emirates has reached the top 200 of the world's biggest brands for the first time, according to the 2015 Brand Finance Global 500 report released this week.
Air Arabia has today reported a record net profit from its 2014 operations. The airline posted profits up 30% on the previous year to more than $154 million (AED566 million)
Former Pratt & Whitney CEO Alain Bellemare is set to replace Pierre Beaudoin as chief executive of Bombardier today.Beaudoin resigned yesterday in a shock shake-up at the Canadian company.
Etihad Airways carried a record number of passengers and cargo in 2014, marking its strongest operational performance to date.
Qatar Airways today announced it has taken a 9.99% stake in International Consolidated Airlines Group, SA (IAG).
Etihad Airways taken its stake in Virgin Australia up to 24.2%.
Airbus has increased the average list prices of its aircraft by 3.27 per cent across the product line. The new pricing was effective from January 1 2015.
Dubai-based International Airfinance Corporation (IAFC) has signed its first firm purchase agreement for five Airbus A330-200 aircraft. The agreement also includes options for an additional four A330-200 aircraft.
Business aircraft sales, acquisitions and trader Jetcraft, has launched a new commercial aircraft sales and leasing division.
Oman Air has launched an efficiency programme, entitled Shape and Size, with the aim of achieving substantial reductions in the airline's expenditure. The move is timed to coincide with the start of 2015 and the onset of new budgets
Alitalia and Etihad Airways today announced the completion of all the formalities related to the transfer of air transport operations from Alitalia CAI to the new Alitalia SAI.
Etihad Airways has selected Abu Dhabi-based FGB and The National Commercial Bank (NCB) of Saudi Arabia to provide financing for the purchase of a number of its Boeing 787-9 Dreamliner aircraft, the first of which was on show today at Abu Dhabi
Emirates and the Lions, one of South Africa's top rugby teams, has announced a five-year sponsorship agreement.
Gulf Air has announced a partnership with Bahrain Kuwait Insurance Company (BKIC) giving the insurance provider's customers the opportunity to earn Gulf Air Falconflyer miles when purchasing any of BKIC's Home,
Investment bank, Ibdar, has announced a 12-year agreement for acquiring four new Bombardier Q400 aircrafts and leasing them to Ethiopian Airlines.
Jazeera Airways has released its September 2014 Operational Performance Report today, which shows a 5% increase in total flown passengers from September 2013 and an on-time performance of 96%.
Aerovista has wet leased a B737-300 to Kam Air. The B737-300 will be operating domestic flights for the Afghan airline over a period of ayear with the option to extend. Aerovista and Kam Air have a history which dates back to 2006 when Aerovista
Dubai Islamic Bank (DIB) and Air Arabia have announced the signing of an aircraft financing deal to facilitate the delivery of six new Airbus A320 aircrafts in 2015.
Global aviation consultancy Helios has expanded its team in the Middle East and moved to larger offices in Silicon Oasis, Dubai.
Flydubai – the UAE hybrid carrier - owned by Dubai Aviation Corporation has made a landmark capital market debut raising $500 million through a five-year Sukuk. The order book was over six times oversubscribed demonstrating the strong
Emirates airline, Dubai Airports and the aviation sector as a whole contributed $26.7 billion to the Dubai economy in 2013, which was almost 27%* of Dubai's GDP and supported a total of 416,500 jobs accounting for 21% of the emirates' total
Specialist insurance underwriting agency, elseco limited, has announce its latest business developments with the expansion of its Aviation underwriting account.
The Emirates Group has announced its half-yearly results which show steady performance and growth, despite a challenging business environment marked by ongoing health pandemic concerns, regional conflicts, and
Carrying 15 million passengers, Pegasus Airlines recorded ₺234 million (Turkish Liras) in net profit and ₺308 million ($136m) in real operating profit in the first nine months of 2014.
Turkish Airlines recorded 1 billion 545 million TRY net profit in the in the first nine months of 2014.
Air Arabia, has announced its financial results for the first nine months ending September 30. with the company's hub and network expansion strategy continuing to be reflected in strong performance figures.
Jazeera Airways is preparing to submit a bid for a sizeable stake in rival Kuwait Airways once the carrier's privatisation process has been put in motion, reports Reuters.
In response to emerging and evolving risks affecting the aerospace industry, American International Group (AIG) has launched AirGuard, safety and loss control services designed to address safety and regulatory risks faced
Jazeera Airways has announced a record net profit of KD8.1 million for Q3 2014, up 22.6% from Q3 2013's KD6.6 million, making it the company's best quarter in history.
Air Arabia has been named among the World Economic Forum's prestigious Global Growth Companies (GGCs) for 2014.
Abu Dhabi based Ittihad International Investment and Dublin based Aviation Finance Company (AFC)have announced the formation of Ittihad/AFC Aviation Consultancy, LLC, a UAE joint venture that will
Airbus Defence and Space is to sell off a number of its business divisions in order to focus on Space (launchers & satellites), military aircraft, missiles and the related systems and services.
Gulf Air has delivered a strong fiscal and operational performance for the first half of the year, ending June 2014, reducing its year-on-year losses by over 30% and building on the airline's positive 2013 strategic restructuring results
The International Air Transport Association (IATA) announced today that its first World Financial Symposium (WFS) for the airline industry, will be held in Abu Dhabi on 17-18 September 2014.
A remarkable second quarter performance by Sharjah-based Air Arabia saw the budget carrier announcing a net profit of $67.5 million (Dhs248 million) for the first half, up by 85%, after more than doubling its second-quarter profit to $47
Etihad finally signed its deal with AlItalia this morning which exceeds the investment levels expected with a $2.35bn injection to build what it described as a “reinvigorated Alitalia as a competitive sustainably profitable
Jazeera Airways Group has announced financial and operational results for the first half of 2014, reporting an operating revenue of KD29.3 million, and a net profit of KD4.9 million.
Etihad has confirmed it has reached agreement with AlItalia to buy 49% of the troubled airline.
Jazeera Airways Group today announced that it has secured a USD 70.5 million dollar debt facility through Kuwait's Ahli United Bank (AUB) as part of the Group's ongoing strategic debt
Quantum Investment Bank and Palma Capital - both based in the Dubai International Financial Centre - have been retained as the exclusive placement agents for the launch of a shariah compliant aircraft leasing fund (ALIF) to
Jazeera Airways Group has announced that it has secured a USD 18.3 million aircraft refinancing facility through Arab Banking Corporation (B.S.C) (ABC).
Gulf Air has announced a 52% reduction in annual losses and a financial performance that surpassed the airline's restructuring target by BHD14.5 million, following the successful implementation of its 2013
Dubai is to be the home of a new executive jet leasing company
The Emirates Group has announced its 26th consecutive year of profit and company-wide growth, ending the year in a strong position despite competitive pressure and a global economic environment that is only slowly recovering.
Abu Dhabi-based investment and development company, Mubadala has become the majority shareholder in Piaggio Aero, the Italian manufacturer of the fast turboprop the Avanti II and the Hammerhead UAS.
News agency Reuters has reported that the trades union representing workers in the Italian national carrier Alitalia is willing to enter negotiations with Etihad Airways to help to meet conditions set by the UAE airline for
Kuwaiti low cost carrier Jazeera Airways Group today announced a net profit of $7.47 million (KD2.1 million) for the first quarter of 2014, which it said was building on the Group's 15 consecutive quarters of
MBA students from the University of Cambridge Judge Business School recently completed a month of research and analysis on the opportunity to develop Sharjah as the leading private aviation hub within
News and financial agency Reuters has reported that the board of Alitalia – Italian national airline - will be meeting on Monday to consider a proposition from Abu Dhabi's Etihad Airways to buy almost half of the ailing Italian
Qantas International Chief Executive Officer Simon Hickey said the joint network with Emirates has delivered on its promise to boost inbound tourism for Australia and its regional cities in particular, with Emirates customers
Boeing expects the worldwide market for commercial aircraft financing to remain strong as airlines continue to receive expected record levels of deliveries of new, fuel-efficient airplanes in 2014.
Etihad Airways has hosted the latest edition of its highly successful financial roadshows in New York and London, attracting a record number of guests.
Following the conclusion of its Annual General Meeting (AGM) Air Arabia has announced that the assembly has approved the distribution of a 7.25% cash dividend for the year 2013, equivalent to 7.25 fils per share.
Textron Inc. today announced it has closed its acquisition of Beech Holdings, LLC, the parent of Beechcraft Corporation, and that it will bring together its Cessna business and Beechcraft to form a new segment called Textron Aviation.
Turkish Airlines' 2013 consolidated financial statements were reported to Borsa Istanbul.
In 2013, Pegasus Airlines increased its sales revenue by 25% Year-on-Year (YoY) to 2.4 billion Turkish Lira and its gross profit to over 450 million Turkish Lira translating to an increase of 41% YoY.
Alpen Capital has announced the publication of its GCC Aviation Industry Report which provides a perspective of the GCC aviation sector by presenting the current industry status, key market dynamics, and scope for
Germany's MTU Aero Engines has built on the record year of 2012 with an increase in its business figures for 2013.
The Bahrain based Aero Gulf Group has signed a Memorandum of Understanding with Khaleeji Commercial Bank of Bahrain (KHCB). The Bank is committed to provide Islamic finance to underpin the far-reaching business growth of Aero
Textron, the corporate owner of Cessna aircraft has reached a deal to buy the GA and light jet manufacturer's competitor BeecH Holdings, the manufacturer of Beechcraft aircraft including the top selling King Air family
Lord Corporation, a US-headquartered diversified technology and manufacturing company, has opened its office in Dubai to tap in to the Middle East and North Africa aerospace, construction, infrastructure and transport domains.
Low cost carrier Flydubai has secured a $228 million loan to purchase six new Boeing jets, the airline said in a statement today.
Dubai-headquartered Jetex Flight Support has collaborated with Honeywell, to launch MyJETEX, an app for Apple platforms created to provide operators with dependable flight support solutions.
Etihad Airways CEO James Hogan has told a conference in Cologne that the airline is open to even more strategic investments as it continues to increase its global presence through a mix of organic growth and strategic
Etihad Airways is confident that it will gain the necessary approvals to execute its agreement to take a stake in Jet Airways by the end of September according to Flightglobal.
The United Arab Emirates represented by the General Civil Aviation Authority (GCAA) has signed a Record of Discussions with the Government of the People's Republic of China in Yinchuan, Ningxia.
Global air transport IT and communications specialist, SITA, has installed IP telephony across Saudia's international network, providing Saudi Arabia's leading airline with significant savings by eliminating international calls among
Prince Fahd bin Abdullah, president of Saudi Arabia's General Authority of Civil Aviation (GACA), and chairman of Saudia's board of directors said yesterday that the privatiation of Saudia is in the final stages.
Gulf Air said today that its restructuring strategy is on-track following a robust financial and operational performance in the first half of the year.
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has announced delivery of a leased Airbus A321 to Turkish airline Atlasjet Havacilik to help expand the carrier's fleet.
Mubadala's aircraft engine and components financing and leasing solutions company Sanad is expanding its relationship with Abu Dhabi National Leasing (ADNL), the wholly owned lease financing arm of the National Bank of Abu Dhabi to
Opportunities for foreign investment into Kuwait have received a massive boost thanks to the current parliament passing more business enabling legislation than any other parliament before it.
Bahrain leasing company AeroLease has signed a letter of intent (LOI)with Sukhoi Civil Aircraft Company to provide finance or lease facilities for the Sukhoi Superjet 100.
Kuwait-based Jazeera Airways Group announced in a webcast that its first quarter net profit of $12.6 million has more than tripled, compared to the year-ago.
Etihad Airways and Jet Airways announced today that the UAE national carrier will subscribe for 27,263,372 new shares in the Indian airline at a price of INR754.74 per share. The value of this equity investment is US$379 million and will result
Air Arabia, reported today that it carried a record 1,445,783 passengers in first quarter ending March 31, 2013, a 17.5 per cent growth compared to the first quarter 2012.
Turkish Airlines has recorded a TL1.133 million (US$632 million) net profit in 2012 it has been reported to the Istanbul Stock Exchange.
Abu Dhabi Aviation (ADA) and brokers Capital Shield Insurance (CSI) are forming a new aviation consortium called Tayaran
Kuwait privately owned airline Jazeera announced record earnings today when it revealed its 2012 figures. The company declared a record net profit of $48.8million (KD13.9 ) up 32% from the previous year.
Kuwait's Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah has called for a speedy resolution to the challenges facing the country's flag carrier, Kuwait Airways.
Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), Abu Dhabi's largest bank has signed an MoU with European manufacturer Airbus to cooperate on aircraft
Emirates Airline needs about $5 billion to pay for the new aircraft it needs in 2013 to meet its growth targets. According to Brian Jeffery, senior vice-president for corporate treasury, in an interview with Bloomberg yesterday, the
Bahrain's national carrier Gulf Air, which announced a restructuring strategy last December, has recorded restructuring progress within a month of its on-going implementation.
Troubled aircraft manufacturer Hawker Beechcraft is optimistic about coming out of Chapter 11 Bankruptcy in the United States having been given support by its key creditors who have accepted its reorganisation plan.
UAE carrier Etihad Airways has reported profits for the second year running The airline's president and CEO, James Hogan, made the announcement during his keynote address at the Global Airfinance Conference today in Dublin.
Airbus has increased the average list prices of its aircraft by 3.6% with effect from the start of this year. The increase has been calculated according to Airbus' standard escalation formula.
Following media speculation in recent days linking Qatar Airways with airlines in India, Qatar Airways issued a statement today denying it is in investment talks with Spicejet or any other Indian airline.
Saudia Cargo is heading for a record year with double digit growth this year.
The UAE's minister of foreign trade, HE Sheikha Lubna Al Qasimi, joined the royal tour at the opening ceremony of MEBA and took the opportunity to explore some of the stands.
Eight leading European corporate aviation operators announced the formation of a new 'Air Club' alliance at MEBA.
Bombardier is the clear world market share leader, measured by revenue or aircraft deliveries, according to Bob Horner, the company's senior vice president for sales. It has enjoyed this leading position since 2009 – in 2008 Cessna
Dassault Falcon sees a demand for business jets recovering throughout the Middle East, spurred on by large regional operators and the increased globalisation of commerce.
This year's Middle East Business Aviation (MEBA) show kicks off with some strong stats from organisers – the Middle East Business Aviation Association (MEBAA) – which says that the local market will be worth US$1 billion by
A new working group to quash the illegal charter market in the Middle East sprang from a session at the Middle East Business Aviation Conference yesterday.
The business aircraft industry is too fragmented; consolidation must occur and the UAE is ready to step in.