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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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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.

IATA AGM: Boeing to benefit if US sanctions lifted on Iran

By MARTIN RIVERS / DOHA: Iran Air would place orders for either the Boeing 777 or the 787 Dreamliner if US sanctions were lifted permanently, chairman Farhad Parvaresh has told Arabian Aerospace.

Afriqiyah shelves Libyan merger amid upsurge in violence

By MARTIN RIVERS / DOHA: Afriqiyah Airways and Libyan Airlines have suspended plans for a merger as the two flag carriers' home market struggles to contain a simmering civil war.

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