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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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Emirates signs partnership deal with Nigeria's Arik Air

Emirates has signed an MoU with Nigerian airline Arik Air to develop and expand their existing commercial relationship and explore further areas of co-operation.

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.

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