RJ improves financial performance in H1 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.
Business & Finance
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.
in Business & Finance IBA predicts a succession of deferrals in the Middle East
Posted 13 October 2017
Independent aviation consultancy firm IBA predicts that the aircraft market in the Middle East is set for a succession of deferrals between now and 2036.
in Business & Finance Boeing reports third-quarter deliveries
Posted 10 October 2017
The Boeing has announced deliveries across its commercial and defence operations for the third quarter of 2017.
in Business & Finance Etihad Airways and Citi mark completion of treasury project six months early
Posted 25 September 2017
Etihad Airways and its international cash management bank partner Citi have successfully completed a project six months ahead of schedule to introduce new automated treasury tools at the airline.
in Business & Finance Etihad Airways offer automated credit card payment plans
Posted 20 September 2017
Etihad Airways has become the first airline in the region to offer fully automated credit card Installment payment plans after partnering with PayFort, the leading online payment service provider in the Arab world.
in Business & Finance Turkish Airlines mulls order for B787s and A350s
Posted 19 September 2017
Turkish Airlines chairman and executive committee President, Ilker Ayci, has refuted a report in Turkish daily Hürriyet linking the carrier to a proposed order for B747-8s, reports ch-aviation.
in Business & Finance Emirates defers A350/B787 order decision
Posted 11 September 2017
Emirates president Tim Clark has said the airline has deferred plans to place a new widebody order this year, reports ch-aviation.
in Business & Finance Oman Air signs agreement with Takatuf Oman on Assessment Services
Posted 8 September 2017
Oman Air has signed an agreement with Takatuf Oman, the Human Capital solutions provider, to introduce a range of assessment solutions to Oman Air's dynamic talent management processes. This comes as part of the
in Business & Finance Syphax Airlines denies AOC reapplication rejected
Posted 4 September 2017
Tunisia's Syphax Airlines has denied reports in the Tunisian media claiming its application to the North Africa state's civil aviation regulator seeking the reinstatement of its AOC had been flat out rejected, reports ch-aviation.
in Business & Finance Flydubai release half year results 2017
Posted 29 August 2017
Flydubai has announced its Half-Year Results for the 2017 financial year and has reported total revenue of AED 2.5 billion (USD 689 million) an increase of 9.9% compared to the first six months of last year and a loss of AED 142.5 million (USD 38.8
in Air Transport / Business & Finance Air Berlin collapse as Etihad withdraws financial support
Posted 15 August 2017
Abu Dhabi-based Etihad Airways has been dealt another financial blow with the collapse of German carrier Air Berlin which is 29% owned by the Gulf carrier. The German carrier has filed for insolvency but blames Etihad which, it
in Business & Finance Emirates and The Football Association in three-year extension
Posted 10 August 2017
Emirates and The Football Association have agreed a three year contract extension to their existing partnership. The agreement will see the tournament continue to be named The Emirates FA Cup through until 2021.
in Business & Finance Middle Eastern carriers posted a 2.5% traffic increase in June
Posted 7 August 2017
The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago
in Business & Finance Qatar steps back from American Airlines investment
Posted 2 August 2017
Qatar Airways has dropped its plans to purchase a 10% shareholding in One World partner American Airlines.
in Business & Finance Jazeera Airways announces Q2 2017 financial results
Posted 2 August 2017
Jazeera Airways has released its second quarter financial results, reporting an operating profit of KD2.2 million, up 22.9% from the same period last year, and a net profit of KD2.3 million, reflecting a growth of 18.1% from the same
in Business & Finance Royal Jordanian releases financial results for first half of 2017
Posted 31 July 2017
Royal Jordanian's Board of Directors approved the reviewed financial results for the first six months of this year during its session held on July 29, 2017. The results showed the company registered a net loss of JD26.3
in Business & Finance Etihad Airways releases its 2016 financial results
Posted 27 July 2017
Etihad Airways has announcedits 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core
in Business & Finance Boeing reports strong second-quarter results
Posted 26 July 2017
The Boeing Company has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance.
in Business & Finance TAV Airports increases net profit 90%
Posted 24 July 2017
TAV Airports Holding has announced its First Half 2017 EBITDA of EUR202 million and revenue of EUR511 million. The company posted a net profit of EUR 60 million with a 90% increase.
in Business & Finance Etihad Airways sells minority stake in Darwin Airline
Posted 21 July 2017
Etihad Airways has sold its minority stake in European regional carrier Darwin Airline.
in Business & Finance Global Jet Centre on the upswing in first half of 2017
Posted 18 July 2017
Dubai-based air charter specialist Global Jet Centre reported a very strong first half year results with the number of arranged flights up by 30% compared to the same period last year.
in Business & Finance Iraqi Airways set to disburse $500mn to Kuwait
Posted 11 July 2017
The Kuwaiti Ministry of Finance and Kuwait Airways are coordinating efforts among themselves ahead for the anticipated disbursement of USD500 million by the Iraqi government-owned Iraqi Airways, reports ch-aviation.
in Business & Finance Emirates terminates TAAG Angola management contract
Posted 11 July 2017
Emirates has terminated, effective immediately, a ten-year Management Concession Agreement with TAAG Angola Airlines, reports ch-aviation.
in Business & Finance Boeing reports second-quarter deliveries
Posted 10 July 2017
The Boeing Company has announced deliveries across its commercial and defense operations for the second quarter of 2017.
in Business & Finance Emirates boosts U.S. economy by US$21 Billion
Posted 10 July 2017
Emirates supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the U.S. economy, including US$10.5 billion to the country's gross domestic product (GDP) and US$6.4 billion of labour income in 2015,
in Business & Finance TAV Group President Sani Şener listed among most powerful 10 leaders of the Gulf region
Posted 28 June 2017
TAV Group President & CEO Sani Şener ranked seventh in the power 100 list of Construction Week Magazine, which is one of the most prestigious publications of the industry, in the
in Business & Finance Qatar Airways sees a strong investment opportunity in American Airlines
Posted 26 June 2017
Qatar Airways sees a strong investment opportunity in American Airlines. Qatar Airways believes in American Airlines' fundamentals and intends to build a passive position in the company with no involvement in
in Business & Finance Boeing raises forecast for new aircraft demand
Posted 22 June 2017
Boeing has raised its forecast for new aircraft demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.
in Business & Finance PARIS AIRSHOW: Boeing raises forecast for new Aircraft demand
Posted 20 June 2017
Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.
in Business & Finance Qatar Airways releases annual report for the fiscal year 2017
Posted 12 June 2017
Qatar Airways has released its annual report for the fiscal year 2017 (April 1st 2016 to March 31st 2017) revealing a 21.7 per cent year-on-year net profit increase.
in Air Transport / Business & Finance Qatar Airways reports 2017 fiscal year success
Posted 11 June 2017
Under pressure Qatar Airways today released its 2016-2017 annual report revealing a 21.7 per cent year-on-year net profit increase. The results also show an annual revenue increase of 10.4 per cent.
in Business & Finance Etihad Aviation Group terminates negotiations with TUI
Posted 8 June 2017
Etihad Aviation Group has confirmed that it has terminated negotiations with TUI AG, in relation to a potential joint venture involving the leisure operations of Air Berlin Group and the German TUIfly company.
in Air Transport / Business Aviation / Business & Finance / Maintenance / Flight Services & Support / Events North African revival is theme for next Aviation Africa summit
Posted 7 June 2017
Aviation Africa, the exhibition and summit covering the full aviation and aerospace spectrum across the African continent, is to hold its third edition in Cairo on April 17-18 2018, under the auspices of the Egyptian
in Business & Finance ATR creates an integrated leasing, asset management and freighter department
Posted 7 June 2017
ATR has created a new Leasing, Asset Management and Freighter department which has the priorities of managing sales to the leasing community and facilitating the placement of new or used ATR aircraft by
in Air Transport / Business & Finance RJ sees positive numbers in first-term report
Posted 31 May 2017
Royal Jordanian airlines has achieved positive operational results between January-April this year, compared to the corresponding period last year according to results published by the flagcarrier today.
in Business & Finance Emirates Group Announces 2016-17 results
Posted 11 May 2017
The Emirates Group today announced its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel.
in Business & Finance Jazeera Airways announces Q1 2017 financial results
Posted 4 May 2017
Jazeera Airways has released its first quarter financial results, reporting operating revenues of KD10.1 million and a net loss for the quarter of KD0.9 million.
in Air Transport / Business & Finance Alitalia to go into administration as Etihad looks on
Posted 2 May 2017
The Etihad rescue of Alitalia took a turn for the worse today as the Italian airline filed for extraordinary administration following a meeting of its shareholders.
in Business & Finance Jazeera Airways shareholders approve KD7 million cash dividend for 2016
Posted 2 May 2017
Jazeera Airways shareholders have approved a board recommendation to distribute a cash dividend of KD7 million, equivalent to 35% of the share's nominal value, for the fiscal year ended December 31, 2016 during
in Air Transport / Business & Finance RJ blames currency drop and competition for disappointing financial results
Posted 1 May 2017
Royal Jordanian shareholders have been told that the airline achieved a small operating profit in 2016 while registering an overall net loss as the Amman carrier reported concerns over competition from low
in Business & Finance Boeing reports first-quarter results
Posted 27 April 2017
The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programmes and services.
in Business & Finance Oman Air releases annual report showing worst loss since returning to long-haul
Posted 26 April 2017
Oman Air has revealed in its annual report an operating loss of 80% to RO120 million ($312 million) last year, and a net loss of almost RO130 million.
in Business & Finance TAV Airports announces €227 m in revenues in 1Q
Posted 26 April 2017
TAV Airports Holding has announced its First Quarter 2017 EBITDA of EUR77 million and revenue of EUR227 million.
in Business & Finance DAE almost trebles fleet with Irish acquisition
Posted 24 April 2017
Dubai Aerospace Enterprise (DAE) is to take over the Dublin-based AWAS aircraft leasing group from Terra Firma Capital Partners, a UK-based private equity firm, and the Canadian Pension Plan Investment Board.
in Air Transport / Business & Finance Middle East lessors fleets set to grow, says expert
Posted 17 April 2017
The Middle East's lessors' fleets are set to grow with its key regionally-based suppliers, Kuwait's ALAFCO, DAE Leasing and IFAC carrying strong order books.
in Business & Finance DAE revenues up by 22% as fleet rises to 112
Posted 13 April 2017
Dubai Aerospace Enterprise (DAE) Ltd has announced a 22% year-on-year uptick in total revenue for 2016 to $417.8 million.
in Business & Finance Oman Air reveals its annual financial report for 2016
Posted 12 April 2017
Oman Air has recently published its annual report for showing its business operations witnessing significant growth during 2016.
in Business & Finance Pegasus forecasts growth in 2018
Posted 11 April 2017
Pegasus Airlines has evaluated its performance for 2016 whilst disclosing its targets for the future.
in Business & Finance Pegasus growth in turnover and guest numbers
Posted 13 March 2017
Pegasus Airlines has announced its financial and traffic results for 2016.
in Business & Finance TAV Airports increased its consolidated revenue by 1% to EUR 1,092 in 2016
Posted 13 March 2017
TAV Airports Holding the global brand of Turkey in airport operations, provided service to 104 million passengers at 14 airports, operated in seven countries, in 2016.
