in Business & Finance / Features Posted 21 May 2020
Dubai-based lessor, DAE, has almost doubled the value of its portfolio of managed aircraft, following a deal with a major financial institution. Alan Dron reports.
in Air Transport / Business & Finance Posted 20 May 2020
Rolls-Royce announced this morning that it will lose up to 9,000 jobs as it addresses the change in demand following the collapse of the aviation industry due to Covid-19.
in Business & Finance Posted 12 May 2020
Virgin Atlantic has announced it will fly to 24 destinations in 2021 after Richard Branson sold $400m of shares in Virgin Galactic to save the airline.
in Business & Finance Posted 12 May 2020
Etihad Airways has amplified its corporate social responsibility (CSR) initiatives to support those affected by the novel coronavirus (COVID-19).
in Business & Finance Posted 11 May 2020
The Emirates Group has announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due
in Business & Finance Posted 6 May 2020
Following the announcement by General Electric Aviation’s chief executive David Joyce on the company’s upcoming staff reductions; Vera Lin, Aerospace and Defence Analyst at GlobalData, offers her view on the company’s decision.
in Business & Finance Posted 30 April 2020
Airports Council International (ACI) World and the International Air Transport Association (IATA) have today come together to call for governments to quickly grant financial relief to assist
in Business & Finance Posted 30 April 2020
Boeing President and CEO Dave Calhoun has issued a letter to Boeing employees addressing aerospace market realities.
in Business & Finance Posted 29 April 2020
Airbus has reported consolidated financial results for its first quarter (Q1) ended 31 March 2020.
in Air Transport / Business & Finance Posted 25 April 2020
Boeing has pulled out of its $4.2 partnership deal with Embraer which was planned to give the American manufacturer a bigger stake in the narrowbody regional jet market and develop new markets for the C-390 Millennium medium airlift and air
in Business & Finance Posted 20 April 2020
Data acquired by Learnbonds.com shows that the paid ad impressions for the airline industry during the 15th week of this year dropped by 99% compared to a similar period in 2019.
in Business & Finance Posted 14 April 2020
Qatar Airways and Standard Chartered have successfully signed a US$ 850 million financing in respect of seven Boeing 787-9 aircraft.
in Business & Finance Posted 14 April 2020
The International Air Transport Association (IATA) has released updated analysis showing that the COVID-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019.
in Business & Finance Posted 9 April 2020
Airbus has said it is now revising its production rates downwards to adapt to the new Coronavirus market environment.
in Business & Finance Posted 8 April 2020
This is the time for operators to reflect and prepare for the post Covid-19 world, writes John Cauthen, aviation security director for MedAire and a member of the NBAA Security council.
in Business & Finance Posted 7 April 2020
The International Air Transport Association has released new analysis showing that some 25 million jobs are at risk of disappearing with plummeting demand for air travel amid the COVID-19 crisis, of that 0.9 million jobs in the Middle East are
in Business & Finance Posted 2 April 2020
Citadel Consulting, an aviation consulting firm, has completed a detailed analysis and comparison of four business aviation auditing protocols with the results of the analysis indicating that the
in Business & Finance Posted 1 April 2020
OneWeb, a communications company, announced today that the company and certain of its controlled affiliates have voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for
in Business & Finance Posted 1 April 2020
The Dubai Government is set to bail out Emirates Airline after its financial impact of the Covid19 pandemic.
in Business & Finance Posted 31 March 2020
Qatar Airways chief executive Akbar al-Baker told Reuters on Sunday that the airline could soon run out of cash it needs to continue flying.
in Business & Finance Posted 23 March 2020
Airbus has announced measures to bolster its liquidity and balance sheet in response to the COVID-19 pandemic as it continues to assess the ongoing situation and the impact on its business, customers, suppliers and
in Business & Finance Posted 17 March 2020
For the first time in years, Boeing’s gross aircraft orders for 2019 slumped to an all-time low fuelled by a drop in orders for the 737 model. Data gathered by Learnbonds.com indicates that the gross orders declined from 1,090 recorded in 2018 to 246 for
in Business & Finance Posted 16 March 2020
The Covid-19 pandemic and disease-containment measures by governments, most drastically the US ban on flights from most of Europe, will shake up the aviation finance sector as airlines struggle to
in Business & Finance Posted 16 March 2020
TAV Airports will initiate share buy-back in order to contain the effect of fluctuations in markets due to the coronavirus pandemic.
in Business & Finance Posted 5 March 2020
Etihad Airways has announced a 32% improvement in core operating performance for 2019, on revenues of US$ 5.6 billion (2018: US$ 5.9 billion).
in Business & Finance Posted 4 March 2020
Flydubai releases financial results from 2019.
in Business & Finance Posted 20 February 2020
Dubai Aerospace Enterprise (DAE) reported its financial results for full year 2019.
in Business & Finance Posted 20 February 2020
Qatar Airways Group Q.C.S.C has increased its shareholding in International Consolidated Airlines Group, S.A. from 21.4 per cent to 25.1 per cent.
in Air Transport / Business & Finance Posted 15 February 2020
The suspended Turkish carrier, Atlas Global which served Tehran, London and Baghdad from its Istanbul base is now filing for bankruptcy. It ceased operations in November citing financial issues, before resuming briefly in January.
in Business & Finance Posted 14 February 2020
High aircraft values and low lease-rate factors which do not reflect the commercial and operating risks facing airlines leave the aviation finance industry in a vulnerable state in 2020, said Scope Ratings.
in Air Transport / Business & Finance Posted 12 February 2020
Air Arabia is celebrating passing the billion dirham (£ 270m) net profit mark for 2019.
in Business & Finance Posted 11 February 2020
Qatar Airways has released a statement regarding its minority stake in Air Italy.
in Business & Finance Posted 11 February 2020
Jazeera Airways has announced a net profit of KD14.9 million, up 124.1% from last year, supported by a 20.6% increase in number of passengers, reaching 2.4 million, and a 25.9% increase in operating revenue to KD103.7 million.
in Business & Finance Posted 10 February 2020
Turkey’s brand in airport operations, TAV Airports served 89.1 million passengers in 2019, with a 7% increase compared to the previous year.
in Business & Finance Posted 3 February 2020
Dubai Aerospace Enterprise (DAE) has signed a US$300 million five-year dual tranche unsecured term financing facility with Emirates Islamic and Emirates NBD Capital, the investment banking
in Business & Finance Posted 29 January 2020
The Boeing Company has reported fourth-quarter revenue of $17.9 billion, GAAP loss per share of ($1.79) and core loss per share (non-GAAP) of ($2.33), primarily reflecting the impacts of the 737 MAX grounding.
in Business & Finance Posted 29 January 2020
Dubai Aerospace Enterprise (DAE) has announced that Moody’s Investors Service has upgraded the corporate family rating of Dubai Aerospace Enterprise (DAE) to Baa3 from Ba1, and the senior unsecured rating of subsidiary DAE Funding LLC
in Business & Finance Posted 21 January 2020
Dubai Aerospace Enterprise (DAE) has signed a US$300 million four-year unsecured term loan with China Construction Bank (DIFC Branch) and China Construction Bank (Asia) Corporation.
in Business & Finance Posted 15 January 2020
The Boeing Company has announced deliveries across its commercial and defence operations for the fourth quarter of 2019.
in Business & Finance / Events Posted 13 January 2020
Leading aviation law firm HFW will be hosting its 8th annual Middle East Aviation Conference and dinner on the 5th and 6th February 2020 in Dubai.
in Business & Finance Posted 13 January 2020
Airbus delivered 863 commercial aircraft to 99 customers in 2019, outpacing its previous output record set in 2018 by eight percent. In the 17th yearly production increase in a row, Airbus progressed on the transition to all
in Business & Finance Posted 20 December 2019
Emirates Airline is retiring its fleet of A380 passenger jets, for which the Dubai-based carrier was Airbus’ biggest customer. Gloomy as the news is for investors in closed-end A380 funds, they can still expect
in Business & Finance Posted 11 December 2019
Turkish Airlines, which has recently announced the passenger and cargo traffic results for November 2019, recorded 82.3% load factor in that month.
in General Aviation / Business & Finance Posted 20 November 2019
Abu Dhabi’s Tawazun today announced the start of negotiations to buy 200 of the Russian-built VRT multipurpose civilian helicopters, which will be used across both government and private entities in the emirate.
in Business & Finance Posted 15 November 2019
Following the news that Dubai-based aviation company Emirates Group reported a profit of AED1.2bn ($320m) in the first half of its current fiscal year, which ends in March 2020.
in Business & Finance Posted 7 November 2019
The Emirates Group today announced its half-year results for its 2019-20 financial year.
in Business & Finance Posted 4 November 2019
Jazeera Airways today announced its financial and operational results for the first nine months of the year (9M 2019), reporting KD16.1 million in net profit, up 90.2% from KD8.5 million in 9M 2018, and an 18.1% growth in number of
in Business & Finance Posted 4 November 2019
Etihad Guest, the loyalty programme of Etihad Airways, and Emirates Islamic, one of the leading Islamic financial institutions in the country, have signed a Memorandum of Understanding (MOU) to partner in launching a new jointly
in Business & Finance Posted 28 October 2019
Over 5.27 million passengers have benefitted from seamless connectivity on the Emirates and Flydubai network since both Dubai-based airlines begun their partnership in October 2017.
in Business & Finance Posted 28 October 2019
The Royal Jordanian Board of Directors approved the financial results for the third quarter and the first nine months of this year during a meeting it held on October 23, 2019.
in Business & Finance Posted 30 September 2019
Today Emirates, the UAE Ministry of Health and Prevention and Pfizer Upjohn announced the launch of a multifaceted patient education campaign designed to increase health literacy and public awareness about
in Business & Finance Posted 30 September 2019
Dubai Aerospace Enterprise (DAE) has signed a US$300 million seven-year unsecured term loan with a group of six banks. Abu Dhabi Commercial Bank served as Initial Mandated Lead Arranger, Bookrunner and Underwriter.
in Business & Finance / Maintenance / Flight Services & Support Posted 24 September 2019
Airbus Cabin Electronics inaugurated its first Service Centre for the Africa and the Middle East regions at Dubai Airport Freezone today.
in Business & Finance Posted 23 September 2019
Dubai Aerospace Enterprise (DAE) has been mandated by one of the world’s largest fund managers to source and manage aircraft valued at approximately US$1.4 billion.
in Business & Finance Posted 12 September 2019
NCB Capital, an investment bank in Saudi Arabia with over USD 40 billion of assets under management and the largest global Shariah-compliant asset manager, has announced that a vehicle advised by one of its subsidiaries has signed an
in Business & Finance Posted 10 September 2019
Pegasus Airlines' CEO Mehmet T. Nane has revealed the scale of the airline’s digital investment since launching its technology transformation programme in 2018 which includes some global firsts
in Business & Finance Posted 14 August 2019
Embraer delivered 26 commercial and 25 executive (19 light and 6 large) jets during 2Q19, compared to 28 commercial jets and 20 executive (15 light and 5 large) jets in 2Q18.
in Business & Finance Posted 13 August 2019
Air Arabia has recorded strong financial and operational results for the second quarter of this year ending June 30, 2019 as the Middle East and North Africa’s first and largest low-cost carrier continued to deliver
in Business & Finance Posted 5 August 2019
Jazeera Airways has announced its financial and operational results for the first half of the year (1H 2019), reporting KD6.2 million in net profit, up 335.1% from KD1.4 million in 2Q 2018, and a 20.06% growth in number of
in Business & Finance Posted 31 July 2019
Royal Jordanian (RJ) President/CEO Stefan Pichler held a press conference at the head office of RJ today in which he presented the airline's financial and operating results for the first half of 2019.
in Business & Finance Posted 30 July 2019
TAV Airports Holding executive board member and CEO Sani Sener has issued a statement a financial statement in Q1 of 2019.
in Air Transport / Business & Finance Posted 12 July 2019
Dubai Aerospace Enterprise (DAE) revealed just how strongly the UAE aviation finance business is performing this year. Announcing its 2019 first half strategic and operational highlights for its leasing
in Business & Finance Posted 1 July 2019
Airbus has reported half-year (H1) 2019 consolidated financial results and maintained its guidance for the full-year.
in Business & Finance Posted 4 June 2019
The International Air Transport Association (IATA) announced a downgrade of its 2019 outlook for the global air transport industry to a $28 billion profit (from $35.5 billion
in Business & Finance Posted 15 May 2019
Royal Jordanian (RJ) customers can now book and pay their tickets and travel products through eFawateercom, a payment option added to the RJ website and mobile app, which makes it easier for them to make
in Business & Finance Posted 9 May 2019
The Emirates Group has announced its 31st consecutive year of profit and steady business expansion.
in Business & Finance Posted 3 May 2019
Aircraft cabin lighting company STG Aerospace yesterday launched saf-Tsign blu, the world’s first and only blue-glowing photoluminescent aircraft signage.
in Business & Finance Posted 29 April 2019
The Boeing Company reported first-quarter revenue of $22.9 billion, GAAP earnings per share of $3.75 and core earnings per share (non-GAAP) of $3.16, reflecting lower 737 deliveries partially offset by higher defence and services volume.
in Business & Finance Posted 29 April 2019
TAV Airports Holding Turkey’s global brand in airport operations recorded a net profit of $26,745 in the first quarter of 2019.
in Air Transport / Business & Finance Posted 28 April 2019
There were smiles at the Royal Jordanian annual meeting today as the national carrier announced a marked improvement in its performance figures to shareholders.
in Business & Finance Posted 23 April 2019
Gulf Air has successfully completed the internationally recognised, biennial IATA Operational Safety Audit (IOSA) and has been renewed on the IOSA Safety Audit Registry until May 2021.
in Business & Finance Posted 3 April 2019
Vertex Aerospace has expanded its global presence by establishing a regional office in Abu Dhabi, United Arab Emirates. The Company received its license to practice business in the UAE March 5, 2019, under its Vertex Global Aerospace
in Business & Finance Posted 1 April 2019
Royal Jordanian has submitted its financial disclosure statement to the Jordan Securities Commission (JSC) and the Amman Stock Exchange (ASE) and Companies Control Department (CCD), which includes the financial results for the 2018 fiscal
in Air Transport / Business & Finance Posted 15 March 2019
While Etihad announced some positive indicators in its latest annual results, they came against a backdrop of underlying negatives – principally a loss of $1.28 billion for the year. This was nonetheless a
in Business & Finance Posted 14 March 2019
During 4Q18, Embraer delivered 33 commercial and 36 executive aircraft (24 light jets and 12 large jets), for a total of 90 commercial and 91 executive aircraft (64 light and 27 large).
in Business & Finance Posted 12 March 2019
Pegasus Airlines has announced its financial results for 2018. The airline increased its number of guests by 8% in 2018 to 30 million, while expanding its turnover by 55% to TRY8.3billion. Pegasus’s annual net profit for 2018 was
in Business & Finance Posted 5 March 2019
Éric Trappier, chairman and CEO of Dassault Aviation has presented the financial report for 2018 together with the main guidance for 2019.
in Business & Finance Posted 25 February 2019
As Airbus decides to terminate A380 production, IBA asks what the future holds for airlines and investors
in Business & Finance Posted 20 February 2019
Flydubai has announced its financial results for the reporting period ending 31 December 2018.
in Business & Finance Posted 19 February 2019
Turkish Airlines recorded 79.5% Load Factor in January. On top of the strong base effect of the last year’ same period, growth in revenue per kilometer has come into prominence as an important indicator of the positive demand
in Business & Finance Posted 18 February 2019
Airbus SE has reported a strong Full-Year 2018 consolidated financial results and delivered on its guidance for all key performance indicators.
in Business & Finance Posted 1 February 2019
Airbus SE has confirmed it is in discussions with Emirates Airline in relation to its A380 contract.
in Business & Finance Posted 1 February 2019
The Boeing Company reported fourth-quarter revenue of $28.3 billion, GAAP earnings per share of $5.93 and core earnings per share (non-GAAP) of $5.48, all company records.
in Business & Finance Posted 25 January 2019
Gulf Air recently revealed its business plans for 2019 and rolled out the recently launched boutique business model concept to its headquarter staff at an event in Manama, Bahrain.
in Business & Finance Posted 16 January 2019
Embraer has released its preliminary forecast for 2019 and 2020 at a meeting with investors at the New York Stock Exchange (NYSE).
in Business & Finance Posted 14 January 2019
Gulf Air has revealed its business plans for 2019 to internal and external stakeholders.
in Business & Finance Posted 14 January 2019
Embraer and Boeing have welcomed approval by the Government of Brazil of the strategic partnership that will position both companies to accelerate growth in global aerospace markets.
in Business & Finance Posted 10 January 2019
Airbus delivered 800 commercial aircraft to 93 customers in 2018, meeting its full year delivery guidance and setting a new company record. Deliveries were 11 percent higher than the previous record of 718 units, set in
in Business & Finance Posted 9 January 2019
Boeing delivered 69 737 aicraft in December and set a new annual record of 806 deliveries in 2018, surpassing its previous record of 763 deliveries in 2017.
in Business & Finance Posted 9 January 2019
The International Air Transport Association (IATA) called on the government of Jordan to continue to focus on aviation as a strategic enabler of the country’s economic growth and development. Aviation already supports close to $2.2 billion in
in Business & Finance Posted 3 January 2019
Gediminas Ziemelis, chairman of Avia Solutions Group, explains how and why airlines should be held accountable for passenger compensation when it comes to delays and cancellations.
in Air Transport / Business & Finance Posted 2 January 2019
Qatar Airways has upped its stake in China Southern Airlines to 5%, the Diha based group said this morning. It completed the on-market purchase of the shares on December 28.
in Business & Finance Posted 31 December 2018
Emirates has announced the airline has ‘delivered another year of trendsetting product and service initiatives across its fleet and network to make ‘flying better’ for its customers.’
in Business & Finance Posted 20 December 2018
Qatar Airways CEO Akbar Al Baker said this week that the airline is not looking to be a core investor in Nigeria Air.
in Business & Finance Posted 17 December 2018
The International Air Transport Association (IATA) forecasts the global airline industry net profit to be $35.5 billion in 2019, slightly ahead of the $32.3 billion expected net profit in 2018 (revised
in Business & Finance Posted 13 December 2018
Dubai Aerospace Enterprise (DAE) has signed a new four-year unsecured revolving credit facility arranged by Emirates NBD as sole Mandated Lead Arranger and Bookrunner.
in Business & Finance Posted 9 December 2018
The required modernisation of aviation infrastructure expansion, development, and modernisation to cater to anticipated increase in passenger and freight air traffic demand will
in Business & Finance Posted 27 November 2018
Dubai Aerospace Enterprise (DAE) has announced that its Board of Directors and Shareholders had authorised an additional US$300 million for bond repurchases to be conducted through open market transactions.
in Business & Finance Posted 21 November 2018
Boeing corporate giving will exceed $230 million in 2018, driven by $55 million in new charitable grants, as well as increases in business and employee contributions.
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