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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

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

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Arabian Aerospace November 2019 - January 2020

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Other News

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.

A380 funds: ‘part-out’ of returned aircraft offers investors some relief

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 to make a return on their

Aviation legal and insurance issues in the spotlight with HFW Dubai

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.

Airbus delivers strong 2019 commercial aircraft performance

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 NEO variants

Turkish Airlines’ load factor was 82.3% in November

Turkish Airlines, which has recently announced the passenger and cargo traffic results for November 2019, recorded 82.3% load factor in that month.

Moody's upgrades DAE's rating to investment grade

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

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