IATA: Airlines need to bring costs in line with revenues
The CEO of IATA Alexander de Juniac said in a media briefing today that for airlines to survive, they will need to bring costs in line with revenues.
Business & Finance
in Business & Finance Boeing release commercial market outlook for the Middle East
Posted 7 October 2020
Boeing released its annual forecast for the commercial and defence aerospace market, reflecting the impact of the COVID-19 pandemic and Boeing’s view of near-, medium- and long-term market dynamics, including the
in Business & Finance AMAC signs contract for PPI on a Gulfstream G450
Posted 21 September 2020
AMAC Aerospace has signed a contract for a ‘PPI’ on a Gulfstream G450.
in Business & Finance Emirates returns US$ 1.4 billion to customers in refunds
Posted 7 September 2020
Emirates reveals that is has returned over AED 5 billion (US$ 1.4 billion) in COVID-19 related travel refunds to date, making strong and steady progress on its commitment to customers to complete pending refunds.
in Business & Finance Qatar Airways reaches deal with Airbus to delay delivery of aircraft
Posted 2 September 2020
Qatar Airways has reached a deal with Airbus to delay delivery of aircraft due to the pandemic-induced travel downturn. However, the carrier is still in talks with Boeing about deferrals and has so far not reached an
in Business & Finance Rolls-Royce releases half-year financial results
Posted 27 August 2020
Rolls-Royce has announced its half-year financial results for 2020.
in Business & Finance Qatar Airways honours refunds to passengers
Posted 18 August 2020
Qatar Airways has paid out over USD $1.2 billion in refunds to almost 600,000 passengers since March.
in Business & Finance DAE announces H1 2020 financial results
Posted 6 August 2020
Dubai Aerospace Enterprise (DAE) has reported its financial results for the six months ended 30 June 2020.
in Business & Finance Etihad reports strong start to first half of 2020
Posted 6 August 2020
Etihad Airways has provided details of its first half-year 2020 performance, which saw a strong start to the year, with the airline progressing well ahead of its transformation plan targets.
in Business & Finance Emirates offers unpaid leave to pilots and cabin crew
Posted 28 July 2020
Emirates is offering some pilots and cabin crews the option to take four months or less of unpaid leave between August and November while it recovers during the Covid-19 crises.
in Business & Finance RAM looks to lose staff and fleet due to Covid-19
Posted 28 July 2020
Around 850 Royal Air Maroc (RAM) staff, including pilots, are facing redundancy as the airline continues to struggle during Covid-19 and look to a recovery plan.
in Defence / Business Aviation / Business & Finance Dassault Aviation keeps faith with its innovative strategy
Posted 24 July 2020
"Our strategy remains unchanged" - despite the effects of the crisis - "which are likely to be long-lasting as numerous economic sectors are impacted", announced Dassault Aviation CEO, Eric Trappier while presenting the 2020
in Business & Finance Qatar Airways launches four investment arbitrations
Posted 23 July 2020
Qatar Airways Group has launched four international investment arbitrations against the United Arab Emirates, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, and the Arab Republic of Egypt.
in Business & Finance Qatar Airways to temporarily halt its fleet of A380-800s
Posted 21 July 2020
Qatar Airways will temporarily park its fleet of ten A380-800s with the airline stating: ‘it is not commercially or environmentally justifiable to operate such a large aircraft in the current market.’
in Air Transport / Business & Finance Royal Jordanian Q1 figures show impact of virus
Posted 18 July 2020
Royal Jordanian’s commitment to retain staff through the early stages of the coronavirus pandemic has, unsurprisingly, affected its first quarter earnings,
in Air Transport / Business & Finance UAE firm in bid to buy Jet Airways
Posted 1 July 2020
UAE-based Imperial Capital Investments is bidding to buy India’s failed airline, Jet Airways. It is one of four companies to have been shortlisted.
in Business & Finance RJ witnessed significant operational improvement in 2019
Posted 29 June 2020
Royal Jordanian (RJ) has released its 2019 financial figures.
in Business & Finance Jazeera Airways reveals 2019 financial results
Posted 22 June 2020
Jazeera Airways has held its virtual annual general meeting (AGM and EGM) of shareholders for the financial year ended December 31, 2019.
in Business & Finance IATA reports industry losses will top $84 Billion in 2020
Posted 10 June 2020
The International Air Transport Association (IATA) has released its financial outlook for the global air transport industry showing that airlines are expected to lose $84.3 billion in 2020 for a net profit margin of -20.1%.
in Business & Finance / Training CAE sees brighter days ahead for training market
Posted 29 May 2020
CAE, the Canadian simulator manufacturer and training specialist says its defence business has seen delays in contract awards due to the Covid-19 pandemic and the drop in oil prices which has affected sales prospects in the Middle East.
in Business & Finance / Features A huge new lease of life for DAE
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 Rolls-Royce slashes 9000 jobs worldwide
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 Branson to sell $400m of shares in his Virgin Galactic to save Virgin Atlantic
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 Etihad Airways amplifies corporate social responsibility initiatives during Covid-19
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 Emirates Group announces 2019-20 results
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 General Electric Aviation to cut 25% of its workforce
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 ACI and IATA call for urgent financial assistance to protect jobs and operations
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 Boeing President and CEO Dave Calhoun addresses aerospace market realities
Posted 30 April 2020
Boeing President and CEO Dave Calhoun has issued a letter to Boeing employees addressing aerospace market realities.
in Business & Finance Airbus reports first quarter 2020 results
Posted 29 April 2020
Airbus has reported consolidated financial results for its first quarter (Q1) ended 31 March 2020.
in Air Transport / Business & Finance Boeing pulls out of Embraer partnership deal
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 Airline Industry paid ad impressions drop 99% amid coronavirus pandemic
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 Qatar Airways and Standard Chartered sign $850 Million aircraft financing agreement
Posted 14 April 2020
Qatar Airways and Standard Chartered have successfully signed a US$ 850 million financing in respect of seven Boeing 787-9 aircraft.
in Business & Finance COVID-19 puts over half of 2020 Passenger revenues at risk
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 Airbus provides update on March commercial aircraft orders and deliveries
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 Covid-19 and idle operators: A time to reflect, review and prepare
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 25 million jobs at risk with airline shutdown
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 WYVERN Wingman Audit Protocol is #1 for alignment with international standards
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 OneWeb files for Chapter 11 restructuring to execute sale process
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 Emirates to be bailed out by the Dubai Government
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 Qatar Airways to seek state support as cash runs out
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 Airbus announces measures to bolster its liquidity and balance sheet
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 Boeing gross orders slump over in 2019
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 Aviation finance: expect market turbulence as Covid-19 hits air transport hard
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 TAV Airports to buy-back shares
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 Etihad Airways reports improvement in core operating performance
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 Flydubai sees return to profitability
Posted 4 March 2020
Flydubai releases financial results from 2019.
in Business & Finance DAE announces full year 2019 financial results
Posted 20 February 2020
Dubai Aerospace Enterprise (DAE) reported its financial results for full year 2019.
in Business & Finance Qatar Airways increases equity stake in International Consolidated Airlines
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 AtlasJet ceases trading as it applies for bankruptcy
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 Aviation finance sector looking vulnerable
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 Air Arabia's billion dirham profit surge for 2019
Posted 12 February 2020
Air Arabia is celebrating passing the billion dirham (£ 270m) net profit mark for 2019.
in Business & Finance Qatar Airways releases a statement on its minority stake in Air Italy
Posted 11 February 2020
Qatar Airways has released a statement regarding its minority stake in Air Italy.
in Business & Finance Profits at Jazeera Airways soar to KD14.9 million in 2019
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 TAV announces EUR 764 M revenue in 2019
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 DAE signs new US$300 million five-year dual tranche unsecured term financing facility
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 Boeing reports fourth-quarter results
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 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
