Boeing reports fourth-quarter results
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.
Business & Finance
in Business & Finance Moody's upgrades DAE's rating to investment grade
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 DAE signs new US$300 million four-year unsecured term loan
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 Boeing announces deliveries across commercial and defence ops for Q4
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 Aviation legal and insurance issues in the spotlight with HFW Dubai
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 Airbus delivers strong 2019 commercial aircraft performance
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 A380 funds: ‘part-out’ of returned aircraft offers investors some relief
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 Turkish Airlines’ load factor was 82.3% in November
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 Tawazun set for 200 VRT helicopters for Abu Dhabi
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 Emirates’ performance proves it can withstand economic challenges, says GlobalData
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 The Emirates Group announces half-year results for its 2019-20 financial year
Posted 7 November 2019
The Emirates Group today announced its half-year results for its 2019-20 financial year.
in Business & Finance Jazeera Airways releases financial results for Q3 of 2019
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 Etihad Airways and Emirates Islamic expand partnership
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 Emirates and Flydubai enter third year of strategic partnership
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 Royal Jordanian registers JD24.4 million net profit in first 9 months of 2019
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 Emirates partners up to launch prevention campaign for chronic diseases
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 DAE signs new US$300 million seven-year unsecured term loan
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 Airbus inaugurates first Africa and Middle East Cabin Electronics Service Centre at DAFZA
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 Managed aircraft portfolio to top US$2.7 billion
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 NCB Capital aircraft leasing platform expands
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 Pegasus Airlines’ CEO reveals global firsts as part of its digital transformation
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 Embraer releases second quarter results
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 Air Arabia posts record second quarter net profit of AED 210 million
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 Jazeera Airways announces 335% growth in 1H19 net profit
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 RJ announces profitable first half year
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 TAV Airports served 38.3 million passengers in the first half of 2019
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 DAE reports $1.1 billion value of aircraft assets in first half 2019
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 Airbus releases financial results for half-year 2019
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 Slowing demand and rising costs squeeze airline profits with Middle East airlines showing loss
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 e-Fawateercom payment option is now available for RJ customers in Jordan
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 Emirates Group announces 2018-19 results
Posted 9 May 2019
The Emirates Group has announced its 31st consecutive year of profit and steady business expansion.
in Business & Finance STG Aerospace launches world’s first blue glowing signage
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 Boeing reports first-quarter results
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 TAV Airports 2019 first quarter net profit is $26,745
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 Royal Jordanian sees 2018 improvements across the board
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 Gulf Air completes IOSA audit and renews registration
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 Vertex Aerospace establishes headquarters in UAE
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 Royal Jordanian net operating profit up 47 %
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 Etihad sees improvement in losses but still more than a billion down
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 Embraer releases earnings for fourth quarter of 2018
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 Pegasus Airlines announces financial results for 2018
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 Dassault Aviation releases financial report for 2018 and goals for 2019
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 IBA asks: what does the future hold for airlines and investors?
Posted 25 February 2019
As Airbus decides to terminate A380 production, IBA asks what the future holds for airlines and investors
in Business & Finance Flydubai announces second-half profit of AED 157 million
Posted 20 February 2019
Flydubai has announced its financial results for the reporting period ending 31 December 2018.
in Business & Finance Turkish Airlines announces first traffic results for 2019
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 Airbus reports strong full-year 2018 results
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 Airbus in discussions with Emirates Airline regarding its A380 contract
Posted 1 February 2019
Airbus SE has confirmed it is in discussions with Emirates Airline in relation to its A380 contract.
in Business & Finance Boeing reports record 2018 results and provides 2019 guidance
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 Gulf Air unveils its 2019 business plans to staff
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 Embraer releases its preliminary forecast for 2019 and 2020
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 Gulf Air reveals business plans for 2019
Posted 14 January 2019
Gulf Air has revealed its business plans for 2019 to internal and external stakeholders.
in Business & Finance Embraer and Boeing enter strategic partnership
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 Airbus achieves new commercial aircraft delivery record in 2018
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 Boeing sets new aircraft delivery records
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 Aviation drives economic growth for Jordan
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 2019 will be a year of crossroads for aviation industry
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 Qatar grows its stake in China Southern Airlines
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 Emirates makes ‘flying better’ in 2018
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 Qatar Airways CEO says the airline ‘never applied to serve as core investor Nigeria Air’
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 IATA forecasts global airline industry net profit to be $35.5 billion in 2019
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 DAE signs US$535 million unsecured revolving credit facility
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 USD 1.8 trillion global investment needed for aviation infrastructure modernisation by 2030
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 DAE increases bond repurchase programme by US$300 million
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 Boeing announces nearly a quarter-billion dollars in corporate giving in 2018
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.
in Business & Finance Gulf Air Group Holding to increase shares in Bahrain Airport Services to 44 per cent
Posted 15 November 2018
Gulf Air Group Holding increased its ownership in Bahrain Airport Services (BAS), the ground handling services provider at Bahrain International Airport (BIA), to 44 per cent, strengthening
in Business & Finance Emirates Group announces half-year results for 2018-19
Posted 15 November 2018
The Emirates Group has announced its half-year results for 2018-19. The Group saw steady revenue growth compared to the same period last year, however profits were impacted by the significant rise in oil prices, and unfavourable
in Business & Finance Rolls-Royce expands service infrastructure for business aircraft
Posted 16 October 2018
Rolls-Royce has announced that it is further expanding its global network of Authorised Service Centres (ASC) for its CorporateCare customers.
in Air Transport / Business & Finance DAE strengthened by successful revolving loan facility
Posted 4 October 2018
Dubai’s major aircraft lessor DAE has successfully closed its $800 million revolving loan facility, which was launched in May of this year.
in Business & Finance Kuwait Airways wins case against passenger who wanted to sue for transportation
Posted 25 September 2018
Kuwait Airways today won at the Higher Regional Court (Oberlandesgericht) in Frankfurt (Germany) in the legal dispute over the refusal to carry a passenger with an Israeli passport.
in Business & Finance Qatar Airways publishes annual report for 2017/18
Posted 18 September 2018
Qatar Airways has published its annual report for 2017/18 with overall revenue and other operating income grew 7.22 per cent annually compared to capacity (Available Seat Kilometres) growth of 9.96 per cent.
in Business & Finance On Air Dining recruits top executive chef
Posted 18 September 2018
On Air Dining, the luxury executive in-flight concierge, has announced the appointment of Mark Brega as it’s executive chef.
in Business & Finance US approves the release of $1.2 billion in military aid to Egypt
Posted 12 September 2018
The United States has approved the release of $1.2 billion in military aid to Egypt.
in Business Aviation / Business & Finance Dassault and Safran settle dispute over 5X engine delay
Posted 6 September 2018
Dassault Aviation has agreed what it described as an “amicable settlement” with Safran putting an end to the dispute concerning the Silvercrest engine planned to equip the Falcon 5X.
in Business & Finance Flydubai reports its half-year financial
Posted 5 September 2018
Dubai-based Flydubai has reported its half-year financial results for the reporting period to 30 June 2018.
in Business & Finance Strategies to support sustained airline financial health
Posted 24 August 2018
The International Air Transport Association (IATA) has announced that the 2018 World Financial Symposium (WFS) will feature a strong focus on partnership strategies to accelerate delivery of transformation supporting
in Business & Finance Turkish Airlines sees operating net profit in first half of 2018
Posted 16 August 2018
Turkish Airlines posted a USD 258 million Operating Net Profit in the first half of 2018.
in Business & Finance RJ improves financial performance in H1 2018
Posted 31 July 2018
The Royal Jordanian Board of Directors approved the financial results for the first half of this year during its session held on July 29, 2018.
in Business & Finance Airbus forecasts $4.6 trillion worldwide market for commercial aircraft services over next 20 years
Posted 17 July 2018
Ambitions to boost value to customers and reach $10bn of services revenues in commercial in the next decade
in Business & Finance Etihad sees more losses for 2017 but reports positive signs of turnaround
Posted 14 June 2018
The depth of Etihad Airways continuing disappointing financial performance was made clearer today with a partial disclosure of its 2017 figures.
in Air Transport / Business & Finance Bombardier C Series deal with Airbus cleared for July 1
Posted 8 June 2018
Having received all required regulatory approvals, Airbus, Bombardier and Investissement Québec (IQ) have agreed to close the C Series transaction to become effective on July 1, 2018.
in Business & Finance DAE secures four-year funding boost
Posted 21 May 2018
Dubai Aerospace Enterprise (DAE) has signed a landmark unsecured four-year revolving credit facility with an initial commitment of US$480 million and an accordion feature that allows the facility to be increased to up to US$800 million at any time after
in Business & Finance Royal Jordanian sees significant improvement in Q1 results
Posted 10 May 2018
Royal Jordanian Board of Directors Chairman Said Darwazeh expressed appreciation for all RJ employees and management after announcing the financial results of the first quarter of 2018.
in Air Transport / Business & Finance Emirates bounces back with improved profits
Posted 9 May 2018
Emirates Group has reversed its fortunes after last year’s disappointing financial results reporting a full year profit of $1.1billion a 65% increase on last year’s performance.
in Business & Finance Turkish Airlines reveals Q1 traffic results
Posted 3 May 2018
Turkish Airlines has that travellers to Turkey flying from the Middle East region has increased during the first quarter of the year.
in Business & Finance Royal Jordanian cuts seasonal Q1 losses by half
Posted 2 May 2018
Royal Jordanian President/CEO Stefan Pichler has announced the financial and operational figures the company attained last year and in the first quarter of 2018.
in Business & Finance TAV Airports’ served 28 million passengers in the first quarter of 2018
Posted 30 April 2018
TAV Airports Holding increased passengers served 23% in the first quarter of 2018 and reached 28 million. The company increased revenue 10% and reached EUR 248 million.
in Business & Finance Royal Jordanian returns to profitability
Posted 30 April 2018
The Royal Jordanian General Assembly held its ordinary and extraordinary meetings on April 26that InterContinental Hotel, Amman, presided by RJ Board of Directors Chairman Said Darwazeh.
in Business & Finance Royal Jordanian holds its annual general meeting
Posted 27 April 2018
The Royal Jordanian General Assembly held its AGM meetings on April 26 presided by RJ Board of directors chairman Said Darwazeh.
in Business & Finance Jazeera Airways announces Q1 2018 earnings
Posted 26 April 2018
Jazeera Airways has announced its financial results for the first quarter of 2018.
in Business & Finance / Flight Services & Support Dnata to acquire Qantas' catering businesses
Posted 12 April 2018
Global air services provider Dnata has signed an agreement to acquire Qantas’ catering businesses.
in Business & Finance Jazeera Airways shareholders approve cash dividends of 35 fils per share for 2017
Posted 9 April 2018
Jazeera Airways shareholders have approved the Board’s recommendation for a cash dividend distribution of 35 fils per share (35% of a share’s nominal value).
in Business & Finance AED 60 Million invested by Dubai Air Navigation Services
Posted 28 March 2018
HH Sheikh Ahmed Bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority and Dubai Air Navigation Services, has affirmed that 2017 has been an exceptional and ground breaking year in the history of Dubai Air Navigation
in Business & Finance NCB Capital announces the launch of a global aviation fund
Posted 26 March 2018
NCB Capital (DIFC), a subsidiary of NCB Capital Company, a Middle East investment firm, has announced the end of the offering period and the launch of NCB Capital Aviation Fund I with USD 200 million of commitments raised through
in Business & Finance Novus launches Tamweel Aviation Finance II to fund Airbus aircraft acquisitions
Posted 26 March 2018
Following the success of Tamweel Aviation Finance (TAF), Novus Aviation Capital, a Dubai-based aircraft leasing and financing company, has announced the launch of its second junior debt fund
in Business & Finance Emirates set to close US$600 million Sukuk
Posted 19 March 2018
Emirates has announce a successful execution of a US$600 million sukuk (Islamic finance issuance). The issuance received a good response from both local and international investors.
in Business & Finance Air Arabia shareholders approve ten percent cash dividend at AGM
Posted 14 March 2018
Air Arabia has seen a 30% increase in net profit over the past 12 months according to figures released by the Sharjah Airline today.
in Business & Finance Middle East carriers show weak growth in January
Posted 8 March 2018
The International Air Transport Association (IATA) announced global passenger traffic results for January 2018 showing traffic (revenue passenger kilometers or RPKs) rose 4.6% compared to January 2017.
in Business & Finance Pegasus increased its guest numbers by 15% in 2017
Posted 7 March 2018
Pegasus Airlines has announced its financial results for 2017.
in Business & Finance Emirates to mandate banks for investor meetings
Posted 7 March 2018
Emirates has mandated Citi and Standard Chartered Bank as Global Coordinators and Joint Lead Managers, along with Abu Dhabi Islamic Bank, BNP Paribas, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, J.P. Morgan and
in Business & Finance Gulf Air unveils strategy and plans for 2018
Posted 26 February 2018
Gulf Air has hosted an event where Zayed Bin Rashid Alzayani, Chairman of Gulf Air’s Board of Directors welcomed attendees and introduced Gulf Air Chief Executive Officer Krešimir Kučko. Kučko, and rolled out the airline’s new
