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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 division, DAE Capital said it had delivered and committed to deliver over US$1.1 billion in aircraft assets.

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

in Business & Finance

Flydubai sees strong growth in revenues, record passengers and sustained profit

Posted 21 February 2018

Flydubai has announced its full-year results for the year ending 31 December 2017.

in Business & Finance

Bombardier reports fourth quarter and full year 2017 results

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

Qatar Airways acquires Sheraton Melbourne Hotel

Posted 15 February 2018

Qatar Airways has acquired the Sheraton Melbourne Hotel.

in Business & Finance

Air Arabia delivers record 2017 net profit of AED 662 million

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

Emirates Group signs MoU with the Government of Andhra Pradesh

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

Gulf Air Chairman welcomes talks with Airline’s Unions

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

Royal Jordanian and the General Union sign agreement

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

Turkish Airlines announced its 2018 targets

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

Embraer reaches 2017 delivery outlook

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

DAE Capital launches third-party aviation asset management unit

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

Airbus Commercial Aircraft delivers record performance

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

Boeing sets aircraft delivery record for 2017

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

Qatar Airways' releases sustainability report 2016-17

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

Boeing and Embraer in merger talks

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

Emirates Group releases environmental report

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

Novus closes the deal on Emirates 777s

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

Turkish Airlines enjoys record Q3 profit figures

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

Emirates Group announces half-year performance for 2017-18

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

Air Arabia increases profits at Q3 stage

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

Qatar takes shareholding interest in Cathay Pacific

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

Airbus reports nine-month 2017 results

Posted 1 November 2017

Airbus SE reported nine-month 2017 financial results and confirmed its guidance for the full year.

in Business & Finance

Stefan Pichler to present RJ's turnaround plan

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

Jazeera Airways announces Q3 2017 financial results

Posted 31 October 2017

Jazeera Airways KSC has released its financial results for the third quarter.

in Business & Finance

TAV Airports increases net profit 49%

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

Air Arabia's Egyptian unit disposes of $3.3mn of equity

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

Executive Gourmet hosts Gala Dinner for the Chaine des Rotisseurs

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

Turkish Airlines announces Passenger and Cargo Traffic Results for September 2017

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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Issue 2, Vol. 11: Arabian Aerospace May - July 2019

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Other News

Slowing demand and rising costs squeeze airline profits with Middle East airlines showing loss

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 forecast in December 2018).

DAE reports $1.1 billion value of aircraft assets in first half 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 division, DAE Capital said it

Gulf Air - restructuring could lead to redundancies

Samer Majali has warned that the new Gulf Air strategy could lead to redundancies.

Lebanese bank funds $65m MEA aircraft purchase

An agreement signed between the Lebanese Canadian Bank and MEA (Middle East Airlines will help MEA expand its fleet by part funding the purchase of a new Airbus 330-200 airplane. The value of the loan is believed to be $65million.

e-Fawateercom payment option is now available for RJ customers in Jordan

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 purchases directly from

Emirates Group announces 2018-19 results

The Emirates Group has announced its 31st consecutive year of profit and steady business expansion.

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