AJW Group and Arena Investors announce aviation asset joint venture
AJW Group, which serves the Middle East, and Arena Investors have announced a joint venture focused on selective acquisitions of commercial aircraft, engines and components.
Business & Finance
in Business & Finance Jazeera Airways’ shareholders approve capital increase
Posted 19 May 2021
Jazeera Airways shareholders have approved a 10% increase to the company’s capital, from KD20 million (US$ 70 million) to KD22 million (US$ 74 million).
in Business & Finance Turkish Airlines sees first-quarter operating losses at $72 million
Posted 10 May 2021
Turkish Airlines has contained first-quarter operating losses to $72 million, an improvement on the $300 million loss for the same period last year, reports FlightGlobal.
in Business & Finance Thales reports its order intake and sales for Q1 2021
Posted 7 May 2021
Thales has released its order intake and sales for the first quarter of 2021.
in Business & Finance Etihad to ground A380s ‘indefinitely’ and axe its Boeing 777-300ER fleet
Posted 22 April 2021
Etihad Airways CEO Tony Douglas has said the airline has decided to ground it’s entire fleet of 10 Airbus A380s “indefinitely”, as well as axe its entire Boeing 777-300ER fleet.
in Business & Finance Mubadala partners with Mohamed bin Zayed Species Conservation Fund
Posted 21 April 2021
Mubadala Investment Company, the Abu Dhabi-based sovereign investor, has announced a three-year partnership with the Mohamed bin Zayed Species Conservation Fund (MBZ Fund) to support conservation initiatives
in Business & Finance Jazeera Airways’ Board recommends capital increase
Posted 16 April 2021
Jazeera Airways’ Board of Directors has recommended an increase to the company’s capital in the face of the most challenging six quarters for the global economy and more specifically, the travel and tourism industry.
in Business & Finance Sanad closes US$ 55M financing deal with Commercial Bank of Dubai
Posted 12 April 2021
Sanad Capital, a wholly-owned subsidiary of Mubadala Investment Company and the global aerospace engineering and leasing solutions leader, has closed a US$ 55 million debt financing deal with the Commercial Bank of
in Business & Finance Saudia signs financing agreement worth $3 billion
Posted 22 March 2021
Saudia has signed a financing agreement with six local banks worth $3 billion, making it the largest deal in the history of Saudi Arabia’s aviation sector.
in Business & Finance Embraer announces 4Q2020 results
Posted 19 March 2021
In 4Q20 Embraer delivered 28 commercial jets and 43 executive jets (23 light jets and 20 large jets), for a total of 44 commercial and 86 executive aircraft (56 light jets and 30 large jets) delivered in 2020.
in Air Transport / Business & Finance Etihad confident despite Covid financial impact
Posted 5 March 2021
Etihad Airways confirmed the bitter impact of the Covid pandemic and resulting global travel restrictions on its fortunes, writes Alan Peaford.
in Business & Finance Turkish defence spending remains top priority for government in 2021
Posted 5 March 2021
The Turkish Government’s defence expenditure is set to steadily increase between 2019 and 2025 as the government prioritises its defence industry, according to a Global Data report.
in Business & Finance Emirates Group and Roads and Transport Authority sign MoU
Posted 2 March 2021
The Emirates Group and Roads and Transport Authority have signed a MoU to collaborate and share best practices that enhance and create greater efficiencies across all asset management related activities for both
in Business & Finance Jazeera Airways announces FY 2020 earnings
Posted 22 February 2021
Jazeera Airways today announced its earnings for 2020 reporting an operating revenue of KD41.4 million.
in Business & Finance Airbus reports full-year 2020 results
Posted 18 February 2021
Airbus has reported consolidated Full-Year (FY) 2020 financial results and provided guidance for 2021.
in Business & Finance Air Arabia reports profitable Q4 2020
Posted 11 February 2021
Air Arabia has announced its financial results for the fourth quarter ending December 31, 2020 saying it has managed to achieve a second profitable quarter for 2020, enabling it to contain its full-year net loss to Dhs192 million ($52 million).
in Business & Finance Israel joins the World Logistics Passport to accelerate trade
Posted 11 February 2021
The World Logistics Passport (WLP), a major policy initiative established to increase trading opportunities between emerging markets, has welcomed Israel as a participant in the programme, marked by a virtual signing
in Business & Finance Boeing reports fourth-quarter revenue of $15.3 billion
Posted 27 January 2021
The Boeing Company has reported fourth-quarter revenue of $15.3 billion, reflecting lower commercial deliveries and services volume primarily due to COVID-19 as well as 787 production issues, partially offset by a lower 737 MAX
in Business & Finance Aircraft Lightning Protection Market to reach $3.3 Bn by 2026
Posted 27 January 2021
Aircraft Lightning Protection Market size valued at USD 3.09 billion in 2019 and will grow at a CAGR of 3.1% from 2020 to 2026. Favorable trends associated with the tourism sector will propel the industry growth, this is
in Business & Finance Airbus delivered 566 commercial aircraft in 2020
Posted 18 January 2021
Airbus delivered 566 commercial aircraft to 87 customers in 2020, in line with the production adaptation plan set out in April 2020 in response to the COVID-19 pandemic.
in Business & Finance New Aviation consultancy launches in UAE
Posted 4 January 2021
Bauer Aviation Advisory (BAA) has opened an office in Dubai to help the Middle East’s aviation sector navigate the impact of the pandemic and overcome its associated challenges in the Gulf region and globally.
in Business & Finance Emirates completes refund backlog
Posted 25 November 2020
Emirates has completed an intensive programme to clear its backlog of refund requests which was caused by pandemic-related travel disruption.
in Business & Finance Saudia receives government payment of $7 billion
Posted 23 November 2020
The government of Saudi Arabia has provided state-owned Saudi Arabian Airlines (Saudia) with at least $7 billion in direct payments and other financial support in 2019 and 2020.
in Air Transport / Business & Finance Boost for Middle East aviation from new Boeing forecast
Posted 18 November 2020
Boeing has said it anticipates demand for 2,945 new aircraft in the Middle East valued at $685 billion over the next two decades, as the industry recovers from the COVID-19 pandemic in the medium and long term.
in Business & Finance Magi opens Doha office
Posted 17 November 2020
Magi Aviation Capital (Magi) has opened a regional office in Doha, Qatar.
in Business & Finance Emirates Group announces half-year performance for 2020-21
Posted 12 November 2020
The Emirates Group has announced its half-year results for its 2020-21 financial year. Group revenue was AED 13.7 billion (US$ 3.7 billion) for the first six months of 2020-21, down 74% from AED 53.3 billion (US$ 14.5 billion)
in Business & Finance Qatar Airways takes claims to English High Court against Al Arabiya
Posted 11 November 2020
Qatar Airways has brought claims in the English High Court against the Al Arabiya news channel relating to a video simulation published in August 2017 which purported to explain the effect of the illegal blockade on
in Business & Finance Air France KLM Group inaugurates regional headquarters in Dubai
Posted 9 November 2020
Air France KLM Group has formally inaugurated its new regional headquarters at Dubai Airport Freezone.
in Business & Finance Jazeera Airways announces Q3 2020 earnings
Posted 3 November 2020
Jazeera Airways has announced its earnings for the third quarter (Q3) of 2020, which continues to be affected by restrictions imposed on travel due to the Covid-19 pandemic.
in Business & Finance Etihad becomes first airline to issue sustainability-linked Sukuk
Posted 2 November 2020
Etihad Airways has launched the world’s first Transition Sukuk and the first Sustainability-Linked financing in global aviation, under a Transition Finance Framework.
in Business & Finance IATA: Airlines need to bring costs in line with revenues
Posted 27 October 2020
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.
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.
