Business & Finance

Airbus to sell off non-core defence and space businesses

Posted 16 September 2014

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.

in Business & Finance

Gulf Air release first-half operational results

Posted 1 September 2014

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

in Business & Finance / Events

IATA's first World Financial Symposium set for Abu Dhabi

Posted 13 August 2014

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.

in Air Transport / Business & Finance

Air Arabia records record first half performance

Posted 12 August 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

in Air Transport / Business & Finance

Etihad concludes 49% investment deal with AlItalia

Posted 8 August 2014

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

in Business & Finance

Jazeera Airways Group announces H1 2014 results

Posted 23 July 2014

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.

in Air Transport / Business & Finance

Boeing and Emirates finalise order for 150 777Xs

Posted 9 July 2014

Boeing and Emirates Airline have finalised an order for 150 777Xs, valued at $56 billion at list prices.

in Air Transport / Business & Finance

Etihad's "biggest investment" in Alitalia is going ahead

Posted 25 June 2014

Etihad has confirmed it has reached agreement with AlItalia to buy 49% of the troubled airline.

in Business & Finance

Jazeera Airways Group secures USD 70.5 million facility from Kuwait's Ahli United Bank

Posted 25 June 2014

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

in Air Transport / Business & Finance

New $5bn Shariah leasing fund for Airbus aircraft in the Gulf

Posted 24 June 2014

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

in Business & Finance

Jazeera Airways secures USD 18.3 million aircraft refinancing facility

Posted 17 June 2014

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).

in Business & Finance

Gulf Air's 2013 restructuring strategy yields positive results

Posted 20 May 2014

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

in Business Aviation / Business & Finance

EBACE: New business aviation leasing company for Dubai

Posted 20 May 2014

Dubai is to be the home of a new executive jet leasing company

in Business & Finance

Emirates Group announces 26th consecutive year of profit

Posted 8 May 2014

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.

in Business Aviation / Business & Finance / People

Mubadala takes control of Piaggio Aero

Posted 6 May 2014

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.

in Air Transport / Business & Finance

Unions ready to negotiate with Etihad over Alitalia deal

Posted 24 April 2014

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

in Business & Finance

Jazeera remains in profit but analysts have concern over the bigger picture

Posted 22 April 2014

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

in Business & Finance

University of Cambridge study growth potential for private aviation in Sharjah

Posted 15 April 2014

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

in Air Transport / Business & Finance

Etihad close to deal for 49% of Alitalia says Reuters

Posted 11 April 2014

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

in Air Transport / Business & Finance / Route Planning & Tourism

Emirates thrives on Australia regional tourism growth

Posted 1 April 2014

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

in Business & Finance

Boeing sees aircraft financing to remain strong in Middle East

Posted 1 April 2014

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.

in Business & Finance

Etihad Airways hosts financial roadshow in New York

Posted 26 March 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.

in Business & Finance

7.25% cash dividend approved at Air Arabia AGM

Posted 17 March 2014

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.

in Business Aviation / Business & Finance

Textron completes acquisition of Beechcraft

Posted 14 March 2014

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.

in Business & Finance

Turkish Airlines records sales revenue increase in 2013

Posted 10 March 2014

Turkish Airlines' 2013 consolidated financial statements were reported to Borsa Istanbul.

in Air Transport / Business & Finance

Pegasus' 2013 profit up 41%

Posted 5 March 2014

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.

in Business & Finance

Alpen Capital predicts strong growth for the GCC Aviation sector

Posted 3 March 2014

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

in Business & Finance

MTU Aero Engines reports record results

Posted 18 February 2014

Germany's MTU Aero Engines has built on the record year of 2012 with an increase in its business figures for 2013.

in Business & Finance

Aero Gulf secures islamic finance to support MRO expansion

Posted 17 January 2014

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

in Business Aviation / General Aviation / Business & Finance

Beechcraft joins Cessna under Textron control

Posted 27 December 2013

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

in Business & Finance

Lord Corporation opens office in Dubai

Posted 28 November 2013

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.

in Air Transport / Business & Finance

Flydubai secures loans for six jets

Posted 6 November 2013

Low cost carrier Flydubai has secured a $228 million loan to purchase six new Boeing jets, the airline said in a statement today.

in Business Aviation / Business & Finance

NBAA: Jetex collaborates with Honeywell on new Flight Support app

Posted 21 October 2013

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.

in Air Transport / Business & Finance

Hogan tells Germans - Etihad's investment spending is ongoing

Posted 24 September 2013

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

in Air Transport / Business & Finance

Etihad-Jet deal due by end of September

Posted 5 September 2013

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.

in Air Transport / Business Aviation / General Aviation / Business & Finance

UAE extends aviation relationships with China and opens new routes

Posted 21 August 2013

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.

in Air Transport / Technology / Business & Finance

Saudia slashes costs with SITA connections

Posted 19 August 2013

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

in Air Transport / Business & Finance / Maintenance

SAEI deal as Saudia presses on with privatisation

Posted 1 August 2013 · 1 Comment

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.

in Air Transport / Business & Finance

Gulf Air's first half performance shows restructuring on track

Posted 27 July 2013

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.

in Air Transport / Business & Finance

GECAS aids Atlasjet expansion

Posted 23 July 2013

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.

in Business & Finance / Maintenance

Sanad expands lease finance relationship with ADNL

Posted 23 July 2013

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

in Business & Finance

Pro business legislation boosts Kuwait's credentials as destination for investment

Posted 25 June 2013

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.

in Business & Finance

AeroLease steps up to Superjet

Posted 19 June 2013

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.

in Home / Air Transport / Business & Finance

Jazeera Airways triples first quarter net profit

Posted 26 April 2013

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.

in Air Transport / Business & Finance

Etihad takes key stake in India's Jet Airways

Posted 24 April 2013 · 1 Comment

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

in Air Transport / Business & Finance

Air Arabia breaks passenger record in first quarter of 2013

Posted 20 April 2013

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.

in Home / Air Transport / Business & Finance

Turkish Airlines increases profits to $632 million

Posted 10 April 2013

Turkish Airlines has recorded a TL1.133 million (US$632 million) net profit in 2012 it has been reported to the Istanbul Stock Exchange.

in Business Aviation / General Aviation / Business & Finance

New consortium to create insurance leverage for small operators

Posted 27 March 2013

Abu Dhabi Aviation (ADA) and brokers Capital Shield Insurance (CSI) are forming a new aviation consortium called Tayaran

in Air Transport / Business & Finance

Jazeera records record profits and leasing arm set to buy new aircraft

Posted 25 March 2013

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.

in Air Transport / Business & Finance

Prime Minister steps in to speed up Kuwait Airways' action

Posted 21 March 2013

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.

in Business & Finance

Abu Dhabi National Bank opens way for leasing deals with Airbus

Posted 21 March 2013

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

in Air Transport / Business & Finance

Emirates seeks $5 billion to fund this year's growth

Posted 21 March 2013

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

in Air Transport / Business & Finance

Gulf Air restructuring yields results

Posted 26 February 2013

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.

in Business Aviation / General Aviation / Business & Finance

Hawker Beechcraft revival plan agreed with funding support

Posted 27 January 2013

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.

in Business & Finance

Etihad maintains profitable results says Hogan

Posted 23 January 2013

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.

in Business & Finance

Airbus price rises for 2013

Posted 17 January 2013

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.

in Air Transport / Business & Finance

Qatar Airways quashes rumours of Indian airline talks

Posted 15 January 2013

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.

in Air Transport / Business & Finance

Saudia Cargo heading for record figures

Posted 21 December 2012

Saudia Cargo is heading for a record year with double digit growth this year.

in Business & Finance / People / Show News

MEBA2012: Hub of opportunities for foreign trade

Posted 12 December 2012

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.

in Business Aviation / Business & Finance / People / Show News

MEBA2012: new 'Air Club' alliance announced

Posted 12 December 2012

Eight leading European corporate aviation operators announced the formation of a new 'Air Club' alliance at MEBA.

in Business Aviation / Business & Finance / Show News

MEBA2012: Bombardier – the view from the top

Posted 12 December 2012

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

in Business Aviation / Business & Finance / Show News

MEBA2012: Middle East to lead biz-jet recovery – Dassault Falcon

Posted 12 December 2012

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.

in Business Aviation / Business & Finance / People / Show News

MEBA2012: Middle East BizAv market set to grow to US$1 billion

Posted 11 December 2012

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

in Business Aviation / Business & Finance / Flight Services & Support / People / Show News

MEBA2012: Death of Gulf's grey market within three years?

Posted 11 December 2012

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.

in Business & Finance / People / Show News

MEBA2012: UAE poised for BizAv game-change – Mubadala boss

Posted 11 December 2012

The business aircraft industry is too fragmented; consolidation must occur and the UAE is ready to step in.

in Air Transport / Business Aviation / General Aviation / Business & Finance / Show News

MEBA2012: Bahrain leading the way over BizAv rulings

Posted 11 December 2012

Is Bahrain making a bid to oust offshore registrations and take the regional lead on developing rules that would suit the entire region?

in Business Aviation / Business & Finance / Airports / Show News

MEBA2012: Too many restrictions hitting FBOs

Posted 11 December 2012

An open forum at MEBAC looked at the difficulties in setting up new FBOs in the region.

in Business Aviation / Business & Finance / People / Show News

MEBA2012: Honeywell outlook shows reason for cautious optimism

Posted 11 December 2012

Rob Wilson delivered Honeywell Aerospace's business aviation outlook for 2013 at the Middle East Business Aviation Conference yesterday.

in Business Aviation / Aircraft Interiors / Business & Finance / People / Show News

MEBA2012: Celebrating a new Gala design

Posted 11 December 2012

Airbus Corporate Jets has revealed its new VIP cabin concept for wide-bodied corporate airliners, designed with an eye to the growing Middle Eastern market.

in Business & Finance

EADS to undergo major ownership change

Posted 5 December 2012

The European defence and aerospace giant EADS - the organisation that owns Airbus – is undergo a major ownership change.

in Business & Finance

Novus Aviation Capital opens new regional HQ in Dubai

Posted 27 November 2012

Novus Aviation Capital has opened a new office in the Dubai International Financial Centre and at the same time introduced a new corporate image. The new branding includes a revamped website and a secured platform offering Novus'

in Business & Finance / Airports

Gulf investors asked to support African plan for a Dubai-look-alike hub

Posted 12 November 2012

Gulf investors are being invited to invest in a new global hub type airport – but this one is off the coast of Africa.

in Business & Finance

Air Arabia reports third quarter 2012 net profit of AED 226 million, up 126%

Posted 12 November 2012

Air Arabia Group has announced its financial results for the third quarter of 2012, demonstrating its ability to deliver strong profits quarter after quarter.

in Business & Finance

Emirates Group announces half yearly profits

Posted 12 November 2012

Emirates Group has recorded a AED 2.1 billion (US$ 575 million) net profit up 68%.

in Technology / Business & Finance

Social Media is vital part of Etihad strategy

Posted 5 November 2012

Social Media is an important and fast-growing platform for Etihad Airways and over the past year has become a vital part of its broader digital and communications activity.

in Air Transport / General Aviation / Business & Finance

Morocco may sell airline stake to Gulf

Posted 17 October 2012

Reuters has reported that Morocco will offer to sell a 44% stake in Royal Air Maroc.

in Air Transport / Business & Finance

Turkish airlines to buy 15 Airbus A330-300

Posted 8 October 2012

Turkish Airlines has said it will buy 15 Airbus A330-300 planes between 2014-2016, Reuters has reported.

in Business & Finance

Trade Bank of Iraq buys two Airbus narrowbodies for lease

Posted 4 October 2012

The Trade Bank of Iraq (TBI) has announced that it is purchasing two Airbus passenger planes from Germany at the cost of $86 million.

in Business & Finance / Airports

Banking consortia together for Abu Dhabi midfield terminal finance

Posted 3 October 2012

A consortium of Banks including Al Hilal Bank, First Gulf Bank, Mashreq, Union National Bank and Arab Bank have announced the signing of the AED 4 Billion syndicated contracting facility with the joint venture (JV)

in Business & Finance

EU calls for WTO sanctions on Boeing in latest move in drawn out trade spat

Posted 28 September 2012

The European Union has filed a request for the WTO to grant $12 Bn in annual sanctions, following what Airbus claims was Boeing's failure to address the clear verdict it suffered in the WTO's March 2012 final

in Defence / Business & Finance

EADS and BAE Systems in merger talks to create world's largest aerospace and defence company

Posted 13 September 2012

BAE Systems and EADS have told the London Stock Exchange that they are in talks over a possible merger that would create the world's largest aerospace and defence company.

in Air Transport / Business & Finance

Gulf Air records positive business performance for first half of 2012

Posted 28 August 2012

Gulf Air has announced that it has posted significant improvements in its 2012 half yearly performance against the same period last year.

in Air Transport / Business & Finance

Etihad increases stake in Virgin Australia

Posted 21 August 2012

Etihad Airways has increased its stake in Virgin Australia Holdings to 6.1% from 5% last month, Business Spectator has reported.

in Business & Finance / Airports

Qatar Holding takes stake in Heathrow and other UK airports

Posted 18 August 2012

Qatar Holding – a subsidiary of the Qatar sovereign wealth fund – has taken a 20% stake in airport owner and operator BAA which owns London's Heathrow and Stansted airports as well as Glasgow and Aberdeen in Scotland and

in Air Transport / Business & Finance

Jazeera continues with profitable run of results

Posted 1 August 2012

Kuwaiti airline, Jazeera Airways, has continued its profit-making results as it announced a second quarter net profit of $9.2 million - a year-on-year increase of 23.5%.

in Air Transport / Business & Finance

Etihad to up the ante with greater stake in Virgin Australia

Posted 19 July 2012

Etihad Airways has been given the go-ahead by the Australian Government to to increase its equity stake in Virgin Australia Holdings to a maximum of 10 per cent.

in Business Aviation / Business & Finance

Hawker gets court go-ahead for Superior talks

Posted 17 July 2012

Hawker Beechcraft today announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the company's motion to enter into exclusive negotiations with Superior Aviation Beijing Co., Ltd. (Superior). Approval of

in Business & Finance

GKN acquires Volvo Aero to boost its engines business

Posted 5 July 2012

UK Engineering group GKN announced this morning that it is to buy the aero engine unit of AB Volvo -Volvo Aero - for £633million.

in Business & Finance

New brand and a new name for UAE's offset programme

Posted 10 June 2012

The UAE offset programme bureau has officially been renamed as Tawazun Economic Council in a move timed to celebrate the organization's 20th anniversary.

in Air Transport / Business & Finance

Etihad takes stake in Virgin Australia

Posted 6 June 2012

Abu Dhabi airline Etihad Airways has acquired a 3.96 per cent stake in Virgin Australia Holdings.

Waleed Abdulla Rashdan    and  Mahmood Al Balooshiin Business & Finance / Training

GAA signs lease deal for new A330 simulator for Bahrain

Posted 3 June 2012

Bahrain's Gulf Aviation Academy (GAA) has signed a $13.3million lease agreement with Tadhamon Capital to purchase and operate a new A330 full flight simulator.

in Business & Finance

Emirates looking to refinance Islamic bond

Posted 30 May 2012

Emirates is considering a refinance deal for the $550million Islamic bond that matures in June but according to financial news agency Reuters it has not ruled out repayment in cash.

in Business & Finance

Flydubai secures $172m aircraft financing

Posted 28 May 2012

Flydubai has signed with aircraft leasing, financing and management specialist Pembroke - a wholly owned subsidiary of Standard Chartered Bank - to finance two Boeing 737-800NG aircraft.

in Air Transport / Business & Finance

Emirates reports impressive profitable performance in tough year

Posted 10 May 2012

Emirates Group has today announced its 24th consecutive year of profit and companywide growth amidst unprecedented economic pressure and record high fuel prices.

in Business & Finance / Flight Services & Support

Dnata enjoys record performance

Posted 10 May 2012

Airline services company dnata recorded record profits according to the Emirates Group results announced today.

in Air Transport / Business & Finance

Air Arabia surprises analysts with profit and passenger growth

Posted 7 May 2012

Air Arabia is continuing to grow with a first quarter result exceeding analysts expectations and posting an 11% increase in profits with a 7% increase in passenger numbers

in Air Transport / General Aviation / Business & Finance

Etihad confirms stake in Aer Lingus

Posted 1 May 2012

Etihad Airways today confirmed it has acquired a 2.987% stake in the Irish airline Aer Lingus.

in Air Transport / Business & Finance

Jazeera moves into profit, AGM told

Posted 27 April 2012

Jazeera Airways Group has moved into the black, turning round last year's $10 million loss into a $38 million profit the Kuwaiti airline revealed yesterday.

in Business & Finance

DAE reports improved annual revenues

Posted 24 April 2012

The restructured Dubai Aerospace Enterprise (DAE) has reported a dramatic increase in its revenues and net income for the past year.

in Air Transport / Technology / Business & Finance / People

Global Aerospace Summit looks at evolving global demand

Posted 17 April 2012

The second day of the Global Aerospace Summit in Abu Dhabi saw industry leaders looking at evolving global demand, the supply chain and the region's embryonic space industry.

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Gulf Air - restructuring could lead to redundancies

Samer Majali has warned that the new Gulf Air strategy could lead to redundancies.

Lebanese bank funds $65m MEA aircraft purchase

An agreement signed between the Lebanese Canadian Bank and MEA (Middle East Airlines will help MEA expand its fleet by part funding the purchase of a new Airbus 330-200 airplane. The value of the loan is believed to be $65million.

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