Dubai Aerospace Enterprise (DAE) Ltd is to acquire 80% of Jordan Aircraft Maintenance Limited (Joramco) from The Abraaj Group, the UAE company announced today.
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.
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.
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
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
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
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
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.
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.
Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.
Air Arabia has reported strong financial results for the first half of 2016 ending June 30, 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
Qatar Airways has increased its stake in International Airlines Group (IAG) to more than 20%.
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).
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
The Boeing Company has reported second-quarter revenue of $24.8 billion on strong commercial deliveries and services growth.
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
Abu Dhabi aerospace investment company Mubadala has sold its majority shareholding in MRO company SR Technics to China's HNA Group.
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,
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
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.
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
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,
A new non-profit organisation, the International Aviation Services Organization (IASO), was unveiled at EBACE in Geneva today.
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.
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
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.
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
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.
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%.
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
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.
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.
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
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
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.
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
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.
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.
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.
Mubadala and Boeing have signed a new strategic agreement to collaborate on research and development to expand aerospace manufacturing capabilities in the UAE.
Pegasus Airlines has announced its financial results for 2015.
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.
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
Etihad Airways has announced an enhanced agreement with Citi as its international cash management bank partner.
TAV Airports increased its revenue by 10% to EUR 1079 million in 2015. The company has posted EUR 210 million in net profit.
The Royal Jordanian Airlines has announced the successful closure of its US$ 275,000,000 dual conventional and Islamic secured syndicated facility.
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.
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
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.
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.
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.
The Boeing Company reported fourth-quarter revenue of $23.6 billion and core earnings per share (Non-GAAP) of $1.60.
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
Charles Taylor Adjusting (CTA) has appointed Richard Jackson as resident aviation surveyor and Adjuster in Dubai.
Etihad Airways has appointed Lowe Open as its first global direct marketing agency following a competitive pitch.
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.
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.
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
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.
Abu Dhabi-based Avisa Gulf has won a contract to review and restructure an undisclosed national flag carrier.
Avisa Gulf the approved aviation consultancy in the GCC, has won a contract to review and restructure a national flag carrier.
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.
Qatar Airways today joined the professional body dedicated to the aerospace community, the Royal Aeronautical Society (RAeS).
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.
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
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 $40.1 million in its unaudited H1 results posted on Nasdaq with CEO Ghaith Al Ghaith commenting: “The
Jazeera Airways shareholders approved a board recommendation to reduce the company's capital from KD42 million to KD20 million through a share buyback program to readjust the company's capital to match
Airbus confirmed today that it had been in talks with Canadian manufacturer Bombardier, but those discussions “are no longer being pursued”.
Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 700 million following a surge in demand from international financial
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.
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.
Global aviation services group, Air Partner has entered the aviation safety market with the acquisition of Baines Simmons.
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
Oman Air has launched a new initiative to prevent credit card fraud.
Jazeera Airways Group has announced its first half profits with a 27% increase in net gains compared to the same period last year.
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
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.
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
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
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
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
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
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.
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
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
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.
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.
Dubai Aerospace Enterprise (DAE) has sold 100% of StandardAero to an affiliate of Veritas Capital. Terms of the transaction were not disclosed.
Turkish Airlines has reported its first quarter 2015 consolidated financial statements to Borsa Istanbul.
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
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,
Dubai Aerospace Enterprise (DAE) has reported net income for 2014 of $159.5 million, a 43% increase on the the previous year.
EgyptAir has recently launched a new pricing policy on all flights to/from Europe, through which the passengers will enjoy special ticket prices.
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
According to the Public Disclosure Platform's (KAP) traffic data for January-March 2015, Pegasus Airlines continues to grow in double-digits.
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
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