Middle East – Page 48
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NewsFlydubai works on restoring Max flights after UAE approval
Flydubai is to start the process of returning its Boeing 737 Max aircraft to service after the UAE General Civil Aviation Authority (GCAA) cleared the type for operations again.
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NewsEtihad and Gulf Air agree deeper commercial relationship
Etihad Airways and Gulf Air have signed a commercial agreement to “deepen their partnership” in several areas.
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include a ...
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Airline BusinessAirlines anxiously await international rescue as variants trump vaccines
Concerns about variants of Covid-19 are spoiling what was, towards the end of 2020, expected to be a turning point for international air travel.
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NewsEl Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder to ...
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NewsEl Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry of finance ...
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NewsBahrain military picks up former Braathens RJ100
Bahrain’s air force is to receive another BAE Systems Avro RJ100, one of the 10 Avros which had been withdrawn from the fleet of Swedish carrier Braathens Regional Airlines. Braathens Regional had been operating eight RJ100s and a pair of RJ85s but put the aircraft on the market, through Skyworld ...
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NewsEmirates chief expects ‘meaningful’ capacity return in Q4
The impact of Covid-19 variants on government-imposed travel restrictions is likely to delay a “meaningful” restart of international travel until the fourth quarter of this year, in the view of Emirates president Tim Clark.
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NewsDAE chief hails ‘terrific’ year despite Covid-19
Aircraft lessor and MRO provider Dubai Aerospace Enterprise enjoyed a “home-run year” in 2020, chief executive Firoz Tarapore has asserted, as its diversified customer base and strong liquidity position softened the impact of the pandemic.
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NewsAir Arabia limits full-year loss with profitable final quarter
Air Arabia has managed to achieve a second profitable quarter for 2020, enabling it to contain its full-year net loss to Dhs192 million ($52 million). It turned in a fourth-quarter surplus of Dhs20 million, despite a 53% reduction in revenues, having also been profitable in the first. While the fourth-quarter ...
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NewsPre-Covid hub and fleet plans still hold up: Emirates chief
Emirates Airline will bounce back strongly from the Covid-19 crisis without any fundamental changes to its business model, according to the operator’s president Tim Clark, with its mix of widebody aircraft enabling it to take advantage of likely supply-side shortages in the coming years.
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Airline BusinessAirline coronavirus recovery tracker: February 2021 update
Our regular examination of the latest global data for several key airline market indicators, including international and domestic travel restrictions, traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsAirline passenger traffic saw sharpest decline in history during 2020
The coronavirus-ravaged airline industry experienced its sharpest-ever decline in passenger demand during 2020, as global traffic fell 65.9% from 2019 levels, according to full-year data released by IATA today.
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NewsAir cargo demand decline in 2020 ‘worst since records began’
The air cargo sector – touted as the airline industry’s bright spot during the coronavirus crisis – saw its largest year-on-year fall in demand since IATA records began during 2020, although the final quarter brought signs of the gap closing.
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NewsIATA outlines scenario where Covid variants pummel 2021 traffic
The global airline industry might only see traffic growth of around 13% from 2020 levels this year amid the impact of new variants of Covid-19, according to a potential scenarios presented by IATA.
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NewsFacing Biden administration, Raytheon drops sale of offensive weapon to Middle Eastern country
Raytheon dropped the sale of an offensive weapon system to an unnamed Middle Eastern country due to concerns that the new President Joseph Biden administration would not grant it a direct commercial sales export license.
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NewsEl Al remains in limbo as Israeli government curbs air travel
Israeli flag-carrier El Al has prolonged the furlough of close to 5,000 personnel at least until the end of February, as the government imposes restrictions on air services. El Al says it has “decided to extend” the unpaid leave of employees until 28 February, putting the figure at 4,864 staff. ...
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NewsControl of leisure carrier Israir finally handed to new owner BGI
Israeli leisure carrier Israir’s trustee has disclosed that the sale of the airline to new owners BGI Investments has been completed, after a long competitive bidding process. The trustee has informed a Tel Aviv court that, following approval of the BGI bid on 1 January, the sale was completed on ...
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NewsFlydubai latest to reinstate Doha flights
Flydubai is to restore its service to Doha from 26 January, a day after fellow UAE carrier Etihad announced a resumption of flights to Qatar.
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NewsUAE signs up for F-35 in 11th hour of Trump administration: report
Hours before the swearing in of US president Joe Biden, the United Arab Emirates (UAE) has reportedly signed a deal for 50 Lockheed Martin F-35As and 18 General Atomics Aeronautical Systems MQ-9B Reaper unmanned air vehicles (UAV).