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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

in Business & Finance

Jazeera Airways Group releases Q1 2015 financial results

Posted 28 April 2015

Jazeera Airways Group announces Q1 2015 financial results, reports 44.6% increase in net profit.

in Business & Finance

Emirates reveals £2.1bn impact of UK ops

Posted 9 April 2015

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.

in Air Transport / Business & Finance

GECAS delivers latest Flydubai B737

Posted 6 April 2015

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.

in Air Transport / Business & Finance

CIT orders five additional A321ceo aircraft

Posted 3 April 2015

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

in Business & Finance

Emirates set to close US$913 million Sukuk

Posted 30 March 2015

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

in Business & Finance

Korean financial institutions provide 15-year 100% financing for Etihad's A380

Posted 19 March 2015

Etihad Airways has completed a Korean Finance Lease for its second new Airbus A380 aircraft.

in Air Transport / Business & Finance

Frontier report outlines Emirates boost to EU economies

Posted 3 March 2015

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.

in Air Transport / Business & Finance

CIRTA demonstrates SME role in Etihad supply chain

Posted 3 March 2015

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.

in Air Transport / Business & Finance

Flydubai profitable for third consecutive year - and optimistic about 2015

Posted 3 March 2015

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.

in Business & Finance

Etihad supply chain to benefit from new Citi finance deal

Posted 23 February 2015

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.

in Defence / Business & Finance

IDEX: Rockwell Collins expands its Middle East operations into Saudi Arabia

Posted 23 February 2015

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.

in Business & Finance / People

Hogan steps down from Virgin Australia board

Posted 20 February 2015

Etihad's CEO James Hogan, is withdrawing from the board of one of its equity-partner airlines Virgin Australia.

in Business & Finance

Emirates sees brand value grow for 4th consecutive year

Posted 17 February 2015

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.

in Business & Finance

Air Arabia posts record annual profits

Posted 15 February 2015

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)

in Business & Finance / People

Dramatic management shake-up as Bombardier financial results plunge

Posted 13 February 2015

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.

in Air Transport / Business & Finance

Etihad records strongest performance yet

Posted 2 February 2015

Etihad Airways carried a record number of passengers and cargo in 2014, marking its strongest operational performance to date.

in Air Transport / Business & Finance

Qatar Airways takes stake in IAG

Posted 30 January 2015

Qatar Airways today announced it has taken a 9.99% stake in International Consolidated Airlines Group, SA (IAG).

in Business & Finance

Etihad increases stake in Virgin Australia

Posted 24 January 2015

Etihad Airways taken its stake in Virgin Australia up to 24.2%.

in Business & Finance

Airbus increases average list prices for its aircraft

Posted 23 January 2015

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.

in Air Transport / Business & Finance

Sharia compliant lessor achieves first deal with five A330s

Posted 20 January 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.

in Business Aviation / Business & Finance / People

Haddad joins Jetcraft to launch commercial leasing division

Posted 16 January 2015

Business aircraft sales, acquisitions and trader Jetcraft, has launched a new commercial aircraft sales and leasing division.

in Business & Finance

Oman Air launches Shape and Size efficiency programme

Posted 5 January 2015

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

in Air Transport / Business & Finance

Etihad and Alitalia deal is complete

Posted 23 December 2014

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.

in Business & Finance

FGB and NCB finance Etihad's B787-9 Dreamliner

Posted 18 December 2014

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

in Business & Finance

Lions Super Rugby Team to become known as the Emirates Lions

Posted 13 December 2014

Emirates and the Lions, one of South Africa's top rugby teams, has announced a five-year sponsorship agreement.

in Business & Finance

Gulf Air announces partnership with Bahrain Kuwait Insurance Company

Posted 12 December 2014

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,

in Business & Finance

Ibdar announces first Sharia-compliant deal for Africa

Posted 6 December 2014

Investment bank, Ibdar, has announced a 12-year agreement for acquiring four new Bombardier Q400 aircrafts and leasing them to Ethiopian Airlines.

in Business & Finance

Jazeera Airways reports September 2014 operational performance

Posted 25 November 2014

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%.

in Air Transport / Business & Finance

Kam Air takes wet leased 737 from Aerovista

Posted 21 November 2014

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

in Business & Finance

Dubai Islamic Bank and Air Arabia sign aircraft financing deal

Posted 21 November 2014

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.

in Business & Finance

Helios expands its Dubai team

Posted 21 November 2014

Global aviation consultancy Helios has expanded its team in the Middle East and moved to larger offices in Silicon Oasis, Dubai.

in Business & Finance

Flydubai recapitalises with successful Sukuk deal

Posted 20 November 2014

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

in Business & Finance

Aviation sector in UAE boosts Dubai's economy

Posted 18 November 2014

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

in Business & Finance

Elseco expands its aviation underwriting services

Posted 13 November 2014

Specialist insurance underwriting agency, elseco limited, has announce its latest business developments with the expansion of its Aviation underwriting account.

in Business & Finance

Emirates releases half-yearly results showing steady growth

Posted 12 November 2014

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

in Air Transport / Business & Finance

Pegasus sees Q3 net profit reach ₺234m

Posted 11 November 2014

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.

in Business & Finance

Turkish Airlines records profit in first nine months of 2014

Posted 11 November 2014

Turkish Airlines recorded 1 billion 545 million TRY net profit in the in the first nine months of 2014.

in Air Transport / Business & Finance

Air Arabia results demonstrate strong performance

Posted 11 November 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.

in Business & Finance

Jazeera Airways to bid for stake in Kuwait Airways

Posted 29 October 2014

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 Business & Finance

AIG launches AirGuard and partners with Wyvern Consulting

Posted 24 October 2014

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

in Business & Finance

Jazeera Airways announces record net profit for Q3 2014

Posted 22 October 2014

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.

in Air Transport / Business & Finance

Air Arabia named among 'global growth' companies

Posted 14 October 2014

Air Arabia has been named among the World Economic Forum's prestigious Global Growth Companies (GGCs) for 2014.

in Business & Finance

Ittihad International Investment and Aviation Finance Company in joint venture

Posted 14 October 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

in Defence / 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

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