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
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.
Boeing and Emirates Airline have finalised an order for 150 777Xs, valued at $56 billion at list prices.
Etihad has confirmed it has reached agreement with AlItalia to buy 49% of the troubled airline.
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
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
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).
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
Dubai is to be the home of a new executive jet leasing company
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.
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.
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
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
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
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
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
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.
Etihad Airways has hosted the latest edition of its highly successful financial roadshows in New York and London, attracting a record number of guests.
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.
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
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.
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.
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
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.
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.
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%.
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.
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.
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
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%.
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.
Emirates Group has today announced its 24th consecutive year of profit and companywide growth amidst unprecedented economic pressure and record high fuel prices.
Airline services company dnata recorded record profits according to the Emirates Group results announced today.
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.