Middle East – Page 49
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NewsAirline industry might burn through $95bn in cash this year: IATA
The global airline industry might continue to burn cash into 2022 amid uncertainty over when governments will release travel restrictions, according to a range of scenarios presented by IATA.
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NewsConfident Jazeera outlines plans to double fleet by 2025
Kuwaiti carrier Jazeera Airways is looking to double its fleet over the next four to five years, confident that it has the resources to recover from the air transport crisis despite the heavy financial impact on its operations. Jazeera has turned in a full-year net loss of KD26.4 million ($87.3 ...
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NewsGulf Air to make Singapore return in April
Gulf Air is to launch a weekly service from Bahrain to Singapore in April, reviving a route it last operated more than a decade ago. The Bahraini carrier will deploy a Boeing 787-9 on the service to Singapore, which it describes as a ”boutique destination”. Source: Soos Jozsef/Shutterstock.com ...
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NewsIsrael signs for Boeing KC-46, plans for more F-35s and heavy lift helicopters
The Israeli ministry of defence has signed a letter of acceptance (LOA) for two Boeing KC-46 in-flight refuelling tankers.
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Airline BusinessAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsQatar pitches touchless IFE initiative to allay post-Covid travel concerns
Qatar Airways is highlighting its steps towards offering full touchless in-flight technology onboard its aircraft in a further sign of how airlines are adapting their product and marketing in light of customer sensitivities to flying in the post-pandemic environment.
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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.