Turkish Airlines' 2013 consolidated financial statements were reported to Borsa Istanbul.
In 2013, Pegasus Airlines increased its sales revenue by 25% Year-on-Year (YoY) to 2.4 billion Turkish Lira and its gross profit to over 450 million Turkish Lira translating to an increase of 41% YoY.
Alpen Capital has announced the publication of its GCC Aviation Industry Report which provides a perspective of the GCC aviation sector by presenting the current industry status, key market dynamics, and scope for
Germany's MTU Aero Engines has built on the record year of 2012 with an increase in its business figures for 2013.
The Bahrain based Aero Gulf Group has signed a Memorandum of Understanding with Khaleeji Commercial Bank of Bahrain (KHCB). The Bank is committed to provide Islamic finance to underpin the far-reaching business growth of Aero
Textron, the corporate owner of Cessna aircraft has reached a deal to buy the GA and light jet manufacturer's competitor BeecH Holdings, the manufacturer of Beechcraft aircraft including the top selling King Air family
Lord Corporation, a US-headquartered diversified technology and manufacturing company, has opened its office in Dubai to tap in to the Middle East and North Africa aerospace, construction, infrastructure and transport domains.
Low cost carrier Flydubai has secured a $228 million loan to purchase six new Boeing jets, the airline said in a statement today.
Dubai-headquartered Jetex Flight Support has collaborated with Honeywell, to launch MyJETEX, an app for Apple platforms created to provide operators with dependable flight support solutions.
Etihad Airways CEO James Hogan has told a conference in Cologne that the airline is open to even more strategic investments as it continues to increase its global presence through a mix of organic growth and strategic
The United Arab Emirates represented by the General Civil Aviation Authority (GCAA) has signed a Record of Discussions with the Government of the People's Republic of China in Yinchuan, Ningxia.
Global air transport IT and communications specialist, SITA, has installed IP telephony across Saudia's international network, providing Saudi Arabia's leading airline with significant savings by eliminating international calls among
Prince Fahd bin Abdullah, president of Saudi Arabia's General Authority of Civil Aviation (GACA), and chairman of Saudia's board of directors said yesterday that the privatiation of Saudia is in the final stages.
Gulf Air said today that its restructuring strategy is on-track following a robust financial and operational performance in the first half of the year.
GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of GE, has announced delivery of a leased Airbus A321 to Turkish airline Atlasjet Havacilik to help expand the carrier's fleet.
Mubadala's aircraft engine and components financing and leasing solutions company Sanad is expanding its relationship with Abu Dhabi National Leasing (ADNL), the wholly owned lease financing arm of the National Bank of Abu Dhabi to
Opportunities for foreign investment into Kuwait have received a massive boost thanks to the current parliament passing more business enabling legislation than any other parliament before it.
Bahrain leasing company AeroLease has signed a letter of intent (LOI)with Sukhoi Civil Aircraft Company to provide finance or lease facilities for the Sukhoi Superjet 100.
Kuwait-based Jazeera Airways Group announced in a webcast that its first quarter net profit of $12.6 million has more than tripled, compared to the year-ago.
Etihad Airways and Jet Airways announced today that the UAE national carrier will subscribe for 27,263,372 new shares in the Indian airline at a price of INR754.74 per share. The value of this equity investment is US$379 million and will result
Air Arabia, reported today that it carried a record 1,445,783 passengers in first quarter ending March 31, 2013, a 17.5 per cent growth compared to the first quarter 2012.
Turkish Airlines has recorded a TL1.133 million (US$632 million) net profit in 2012 it has been reported to the Istanbul Stock Exchange.
Abu Dhabi Aviation (ADA) and brokers Capital Shield Insurance (CSI) are forming a new aviation consortium called Tayaran
Kuwait privately owned airline Jazeera announced record earnings today when it revealed its 2012 figures. The company declared a record net profit of $48.8million (KD13.9 ) up 32% from the previous year.
Kuwait's Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah has called for a speedy resolution to the challenges facing the country's flag carrier, Kuwait Airways.
Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), Abu Dhabi's largest bank has signed an MoU with European manufacturer Airbus to cooperate on aircraft
Emirates Airline needs about $5 billion to pay for the new aircraft it needs in 2013 to meet its growth targets. According to Brian Jeffery, senior vice-president for corporate treasury, in an interview with Bloomberg yesterday, the
Bahrain's national carrier Gulf Air, which announced a restructuring strategy last December, has recorded restructuring progress within a month of its on-going implementation.
Troubled aircraft manufacturer Hawker Beechcraft is optimistic about coming out of Chapter 11 Bankruptcy in the United States having been given support by its key creditors who have accepted its reorganisation plan.
Airbus has increased the average list prices of its aircraft by 3.6% with effect from the start of this year. The increase has been calculated according to Airbus' standard escalation formula.
Following media speculation in recent days linking Qatar Airways with airlines in India, Qatar Airways issued a statement today denying it is in investment talks with Spicejet or any other Indian airline.
Saudia Cargo is heading for a record year with double digit growth this year.
The UAE's minister of foreign trade, HE Sheikha Lubna Al Qasimi, joined the royal tour at the opening ceremony of MEBA and took the opportunity to explore some of the stands.
Eight leading European corporate aviation operators announced the formation of a new 'Air Club' alliance at MEBA.
Bombardier is the clear world market share leader, measured by revenue or aircraft deliveries, according to Bob Horner, the company's senior vice president for sales. It has enjoyed this leading position since 2009 in 2008 Cessna
Dassault Falcon sees a demand for business jets recovering throughout the Middle East, spurred on by large regional operators and the increased globalisation of commerce.
This year's Middle East Business Aviation (MEBA) show kicks off with some strong stats from organisers the Middle East Business Aviation Association (MEBAA) which says that the local market will be worth US$1 billion by
A new working group to quash the illegal charter market in the Middle East sprang from a session at the Middle East Business Aviation Conference yesterday.
The business aircraft industry is too fragmented; consolidation must occur and the UAE is ready to step in.
Is Bahrain making a bid to oust offshore registrations and take the regional lead on developing rules that would suit the entire region?
An open forum at MEBAC looked at the difficulties in setting up new FBOs in the region.
Rob Wilson delivered Honeywell Aerospace's business aviation outlook for 2013 at the Middle East Business Aviation Conference yesterday.
Airbus Corporate Jets has revealed its new VIP cabin concept for wide-bodied corporate airliners, designed with an eye to the growing Middle Eastern market.
The European defence and aerospace giant EADS - the organisation that owns Airbus is undergo a major ownership change.
Novus Aviation Capital has opened a new office in the Dubai International Financial Centre and at the same time introduced a new corporate image. The new branding includes a revamped website and a secured platform offering Novus'
Gulf investors are being invited to invest in a new global hub type airport but this one is off the coast of Africa.
Air Arabia Group has announced its financial results for the third quarter of 2012, demonstrating its ability to deliver strong profits quarter after quarter.
Emirates Group has recorded a AED 2.1 billion (US$ 575 million) net profit up 68%.
Reuters has reported that Morocco will offer to sell a 44% stake in Royal Air Maroc.
Turkish Airlines has said it will buy 15 Airbus A330-300 planes between 2014-2016, Reuters has reported.
The Trade Bank of Iraq (TBI) has announced that it is purchasing two Airbus passenger planes from Germany at the cost of $86 million.
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)
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
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.
Gulf Air has announced that it has posted significant improvements in its 2012 half yearly performance against the same period last year.
Etihad Airways has increased its stake in Virgin Australia Holdings to 6.1% from 5% last month, Business Spectator has reported.
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
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.
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
UK Engineering group GKN announced this morning that it is to buy the aero engine unit of AB Volvo -Volvo Aero - for £633million.
The UAE offset programme bureau has officially been renamed as Tawazun Economic Council in a move timed to celebrate the organization's 20th anniversary.
Abu Dhabi airline Etihad Airways has acquired a 3.96 per cent stake in Virgin Australia Holdings.
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.
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.
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.
Emirates Group has today announced its 24th consecutive year of profit and companywide growth amidst unprecedented economic pressure and record high fuel prices.
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
Etihad Airways today confirmed it has acquired a 2.987% stake in the Irish airline Aer Lingus.
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.
The restructured Dubai Aerospace Enterprise (DAE) has reported a dramatic increase in its revenues and net income for the past year.
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.
Boeing has finalised a firm-fixed-price contract with Al Yah Satellite Company (Yahsat), the UAE-based satellite operator, to design and build active electronically-steered phased-array antenna systems for aircraft.
Online premium news service flightglobal is reporting that Royal Air Maroc has appointed Airstream International Group on an exclusive basis to remarket three Boeing 737-500 aircraft.
The World Space Risk Forum 2012 in Dubai has embarked on a series of sessions that address the hot topic of intentional interference of satellites.
Jean-Yves Le Gall, chairman and chief executive officer of Arianespace has received an Achievement Award by the organisers of Dubai's World Space Risk Forum 2012.
The World Space Risk Forum 2012, a bi-annual conference that brings together leading professionals in the global space industry, starts tomorrow in Dubai.
Dubai carrier Emirates is following the successful formula that won it so much awareness in Europe as it attempts to make a major impact into the US air transport scene.
Offset finance specialist Blenheim Capital has responded with a call for all parties involved in offsets to work together to help offsets reach their full potential. This follows the release of Transparency
ALAFCO Aviation Lease And Finance Company - the Kuwait-based international aircraft leasing company - has finalised a purchase order for 35 A320neo aircraft bringing its total for the type to 85.
Iran Aseman Airlines has acquired an Airbus A340-300 (MSN 002) indirectly from US lessor GMT Global Republic Aviation, Flightglobal.com has reported.
Etihad has defended its extensive use of fuel hedging as part of its cost control measures that led to the airline yesterday declaring its first profit.
Etihad Airways, the national carrier of the United Arab Emirates, today reported a full year earnings before interest and taxes (EBIT) profit of US$137 million, on revenues up 36.0 per cent to US$4.1 billion (2010: US$2.98 billion).
Air Charter Service, has reported an increase in sales figures of more than 20% over the last six months, following on from results from the first half of 2011 which also showed strong growth
Reuters has reported that French construction group Vinci and a partnership between U.S. private equity firm Carlyle Group and the Qatar Investment Authority (QIA) are the leading bidders in a race for a near 40 percent
Etihad Airways has continued on its investment trail with a cash injection into Air Seychelles and taking 40% of the capital.
Bahrain's government is to step in to help Gulf Air plan for its future, the chairman of the country's parliament has said.
German and Austrian regulatory authorities have given their approval to the deal announced last month in which Etihad Airways increased its shareholding in airberlin to 29.21 per cent.
Shares in Turkish Airlines have risen among speculation that the airline may acquire a major shareholding in the Polish national carrier LOT.
Engine maker CFM has reported a record year for 2011, logging orders for 1,500 commercial, military and spare CFM56 engines and commitments for 3,056 LEAP engines for a combined value of $51.7 billion at list price.
Telecommunication company Batelco has signed a memorandum of understanding (MoU) to be the headline sponsor of the next Bahrain Airshow.
A military band welcomed King Hamed bin Isa Al Khalifa to the royal pavilion at Sakhir Airbase yesterday morning as he officially opened the show.
The latest part 135 charter operator in Saudi Arabia Aviation Horizons earned its Aircraft Operator's Certificate (AOC) just a month ago, and already has grand plans to develop the country's executive
Ralph Eisenschmid CEO of MENA Aerospace reckons that his company will grow by at least 40% over the next year. We have to, he said, the region as a whole will grow by 15-20%, and we have to stay ahead of the game.
Comlux Middle East believes the SBJ, the VIP version of the Sukhoi Superjet 100 airliner, will be a winner so much so that president Richard Gaona (pictured) is willing to take an earlier delivery position rather than wait in line for his
A new shape will be on the BIAS flightline this year as Sukhoi uses the show as the Middle East debut for its Superjet SSJ100 regional airliner.