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Arabian Aerospace radio - 1st January 2012

News headlines for the week, plus a closer look at the Boeing F15 deal with Saudi Arabia and a review of 2011 (12mins.)

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New CEO for Oman Air

Oman Air has appointed Paul Gregorowitsch as its new CEO in a move hailed as “the start of a new chapter in the illustrious development, at local, regional and international levels, of the national carrier”, by its chairman Darwish bin

Etihad concludes 49% investment deal with AlItalia

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

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

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

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

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 be managed by

Boeing 787-9 Dreamliner gets FAA, EASA certification

Boeing's 787-9 Dreamliner - ordered by both Etihad Airways and Saudia -has been certified by the American Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA) for commercial service.

Blow for Airbus and Rolls-Royce as Emirates cancels A350XWB order

Emirates Airline has cancelled its order for 70 Airbus A350 XWB aircraft. The decision follows on-going discussions between the airline and the European manufacturer as part of a fleet requirement review.

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