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 directors has recommended a 15% cash dividend totalling KD3 million.
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.
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.
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 $40.1 million in its unaudited H1 results posted on Nasdaq with CEO Ghaith Al Ghaith commenting: “The
Jazeera Airways shareholders approved a board recommendation to reduce the company's capital from KD42 million to KD20 million through a share buyback program to readjust the company's capital to match
Airbus confirmed today that it had been in talks with Canadian manufacturer Bombardier, but those discussions “are no longer being pursued”.
Mubadala has become the 100% owner of Piaggio Aerospace, the maker of the Avanti turboprop and more recently the unmanned P1 HammerHead (P1HH) reconnaissance platform.
Etihad Airways and its equity partner airlines have increased the funds raised from their unique platform financing transaction to US$ 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
Jazeera Airways Group announces Q1 2015 financial results, reports 44.6% increase in net profit.
Emirates has released the results of a study developed by Frontier Economics, a leading European consultancy, which reveals the socio-economic impact of Emirates and the wider aviation industry to the UK economy.
GE Capital Aviation Services Limited (GECAS), the commercial aircraft leasing arm of GE, today announced delivery of a new, next-generation Boeing 737-800 aircraft to Flydubai following a purchase and leaseback transaction.
Transport finance specialist, CIT Group, which leases and finances aircraft for airlines and business aviation operators, has placed a firm order for five more A321ceo aircraft, doubling its most recent commitment for five A321ceo's made at
Emirates has announced the successful pricing of US$913,026,000 Certificates due 2025 (the “Certificates”) issued by Khadrawy and with the benefit of a guarantee by Her Britannic Majesty's Secretary of State acting by the Export Credits
Etihad Airways has completed a Korean Finance Lease for its second new Airbus A380 aircraft.
Emirates and Frontier Economics, a leading European consultancy, released today the results of a socio-economic impact study that measures Emirates' contribution to the European economy.
CIRTA Electro Mechanical and Maintenance, a Khalifa Fund member, has won a $2.8 deal to develop customised software for Etihad's cabin crew transport system.
Dubai's hybrid-carrier, Flydubai reported a net profit of $68 million - an increase of 12.3% compared to 2013 - with total revenue of $ 1.2 billion for the 12-month period, ending 31 December.
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