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.
in Business & Finance 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 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 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 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 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 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 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 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 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 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 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 Posted 16 August 2018
Turkish Airlines posted a USD 258 million Operating Net Profit in the first half of 2018.
in Business & Finance 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 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 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 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 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 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 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 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 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 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 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 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 Posted 26 April 2018
Jazeera Airways has announced its financial results for the first quarter of 2018.
in Business & Finance / Flight Services & Support Posted 12 April 2018
Global air services provider Dnata has signed an agreement to acquire Qantas’ catering businesses.
in Business & Finance 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 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 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 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 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 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 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 Posted 7 March 2018
Pegasus Airlines has announced its financial results for 2017.
in Business & Finance 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 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
in Business & Finance Posted 21 February 2018
Flydubai has announced its full-year results for the year ending 31 December 2017.
in Business & Finance Posted 16 February 2018
Bombardier has released its fourth quarter and full year 2017 results, highlighting solid financial and operational performance across the company.
in Business & Finance Posted 15 February 2018
Qatar Airways has acquired the Sheraton Melbourne Hotel.
in Business & Finance Posted 12 February 2018
Air Arabia (PJSC) has announced full-year financial results for 2017 as the Middle East and North Africa’s first and largest low-cost carrier once again delivered high levels of profitability and growth across the breadth
in Business & Finance Posted 8 February 2018
The Emirates Group, and its affiliated entities including Flydubai, have signed an MoU with the Andhra Pradesh Economic Development Board, Government of Andhra Pradesh, to establish a framework for collaboration in
in Business & Finance Posted 1 February 2018
Zayed Bin Rashid Alzayani, Chairman of Gulf Air’s Board of Directors, alongside Gulf Air Chief Executive Officer Mr. Krešimir Kučko and Gulf Air Deputy Chief Executive Officer Captain Waleed Abdulhameed Al Alawi, has
in Business & Finance Posted 31 January 2018
Royal Jordanian and the General Union for Air Transport signed on January 29 a collective agreement giving RJ staff the choice to obtain a voluntary release from the job between the period Feb. 1 and March 31, 2018 subject to the
in Business & Finance Posted 25 January 2018
After completing 2017 successfully, Turkish Airlines has now set its targets for 2018, the year in which the carrier will move its hub to the 3rd Airport of Istanbul.
in Business & Finance Posted 16 January 2018
Embraer delivered a total of 210 jets in 2017, of which 101 were commercial aircraft and 109 were executive jets (72 light and 37 large).
in Business & Finance Posted 16 January 2018
DAE Capital, Dubai Aerospace Enterprise’s leasing division, has announced the creation of DAE Aircraft Investor Services (DAE-AIS), a separate unit dedicated to servicing the needs of debt and equity investors in
in Business & Finance Posted 16 January 2018
Airbus’ Commercial Aircraft deliveries in 2017 were up for the 15th year in a row, reaching a new company record of 718 aircraft delivered to 85 customers.
in Business & Finance Posted 10 January 2018
Boeing delivered more commercial airplanes than any manufacturer for the sixth consecutive year and set an industry record with 763 deliveries in 2017, driven by high output of the market-leading 737 and 787 jets.
in Business & Finance Posted 8 January 2018
Qatar Airways Group has published its Sustainability Report 2016-17, providing a comprehensive review of the Group’s extensive commitment to environmental sustainability.
in Business & Finance Posted 21 December 2017
Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal
in Business & Finance Posted 23 November 2017
The Emirates Group, comprising Emirates airline and dnata, has today published its seventh annual Environmental Report which outlines the Group's environmental performance for the financial year 2016-2017.
in Business & Finance Posted 21 November 2017
Novus Aviation Capital has successfully closed the purchase and leaseback for two additional brand-new Boeing B777-300ERs with Emirates Airline (MSN 42351 and 42353) the company said today.
in Air Transport / Business & Finance Posted 16 November 2017
Turkish Airlines has soared back into profitability with $939 million in the third quarter taking the year to date profit to $956 million. The third quarter figures are a record for the Istanbul carrier.
in Business & Finance Posted 9 November 2017
The Emirates Group has announced its half-year results for 2017-18. The Group saw steady revenue growth and a rebound on profitability compared to the same period last year, in spite of the continuing downward pressure on
in Business & Finance Posted 6 November 2017
Sharjah-based low cost carrier Air Arabia has seen improvements in the third quarter reporting a 27% increase in net profit to $102 million.
in Business & Finance Posted 6 November 2017
Qatar Airways has continued its investment strategy with the purchase of 378.18 million shares of Cathay Pacific Airways Limited accounting for just under 10% of the Hong Kong airline's stock.
in Business & Finance Posted 1 November 2017
Airbus SE reported nine-month 2017 financial results and confirmed its guidance for the full year.
in Business & Finance Posted 1 November 2017
Royal Jordanian's President/CEO Stefan Pichler held a press conference at Fairmont Hotel in Amman, today, where he presented the strategic pillars of the Royal Jordanian turnaround plan which was approved by RJ's Board of Directors during
in Business & Finance Posted 31 October 2017
Jazeera Airways KSC has released its financial results for the third quarter.
in Business & Finance Posted 30 October 2017
TAV Airports Holding has announced its nine month 2017 net profit of EUR 163 million and revenue of EUR 854 million.
in Business & Finance Posted 23 October 2017
Air Arabia disposed of 590,000 shares to an unspecified party/parties a filing with the Egyptian Stock Exchange (ESX) on October 11, reports ch-aviation.
in Business & Finance Posted 17 October 2017
Executive gourmet by Gategourmet has hosted a Gala Dinner for the Chaine des Rotisseurs at Al Bateen Executive Airport – Abu Dhabi, a first and unusual event for an Airport.
in Business & Finance Posted 16 October 2017
The global carrier reached the highest Load Factor in last five years in September 2017, with 81.5% LF.
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