Middle East – Page 55
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NewsIsrael’s dormant Arkia to ‘survive’ after deal to cut workforce
Israeli leisure carrier Arkia’s employees have agreed a restructuring which involves cutting about a quarter of the airline’s personnel, reducing its workforce to around 400. The agreement follows months of negotiations and includes a phased salary-reduction mechanism to be imposed across all the company’s activities – although it will not ...
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NewsEl Al details initial bids after share offer
El Al has disclosed the initial results of its share issue, through which it had intended to raise proceeds of 505 million shekels ($145 million). The issue was launched on 16 September. El Al had been offering 753.35 million shares of which the government had been lined up to take ...
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NewsGulf Air chief Kucko to step down
Gulf Air chief executive Kresimir Kucko is to step down from the role at the end of September after almost three years at the helm.
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NewsEmirates deploys A380 on Moscow route to meet ‘strong demand’
Emirates has upgauged the aircraft deployed for its newly restarted Dubai-Moscow service to an Airbus A380.
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NewsGovernment clears El Al support as Israel heads for new lockdown
Israel’s government has approved the decision to provide assistance to flag-carrier El Al, adding that its share acquisition will be conducted in a manner such that the state does not exceed a 44.9% stake in the airline. El Al is planning to issue 753.3 million shares to raise urgent funding ...
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AnnouncementsFlightGlobal launches Decade of Airline Excellence Awards
FlightGlobal is delighted to announce the launch of the Decade of Airline Excellence Awards, which Airline Business will deliver later this year with our partner, Korn Ferry. Amid this year’s unprecedented disruption, we have decided to take a break from the Airline Strategy Awards – which will return in the ...
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NewsArab-Israeli flight prospects broaden as Oman backs Bahraini diplomatic move
Oman’s government has welcomed the decision by Bahrain’s leadership to establish full normalisation of diplomatic relations with the state of Israel – potentially allowing a further expansion of Israeli-Arab air services. Bahrain is the second Arab nation within a month to reach such a decision, and the support of Oman ...
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NewsEl Al prepares to embark on crucial funding exercise
El Al has outlined its operational position to potential investors ahead of publishing a formal offer to acquire shares in the Israeli airline as part of a 505 million shekel ($145 million) issue. The airline is planning to commence the offering on 16 September, part of a recapitalisation which will ...
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NewsWizz Air Abu Dhabi postpones launch to 16 October
Wizz Air has delayed the launch date of its new Abu Dhabi operation by two weeks, citing ongoing Covid-19-related travel restrictions.
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NewsLanding A320 hit edge lights after drifting from Kozhikode centreline
Several runway lights were damaged by an Etihad Airways Airbus A320 after it drifted from the centreline during an approach in darkness and poor weather to Kozhikode airport in India. The United Arab Emirates’ General Civil Aviation Authority says the crew had already executed a go-around during the initial approach ...
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NewsOman Air to resume scheduled flights from October
Oman Air is to resume scheduled international passenger flights next month after a six-month break because of the global pandemic.
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NewsState to be inactive El Al shareholder after rights issue
Israel’s government does not intend to exercise the voting rights of shares in El Al which it plans to acquire as part of a refinancing of the troubled flag-carrier. The ministry of finance, in a 4 September communication to the carrier, has detailed its role in a share issue to ...
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NewsUAE start-up Wizz Air Abu Dhabi receives first aircraft
Wizz Air’s new Abu Dhabi division has received its first aircraft, an Airbus A321neo registered in the United Arab Emirates. The aircraft (A6-WZB), fitted with Pratt & Whitney PW1100G engines, was originally ordered by Wizz Air but underwent a sale-and-leaseback through Singapore’s BOC Aviation. It carries a livery similar to ...
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Airline BusinessAirline coronavirus recovery tracker: September 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsEl Al said to add Dubai to wet-leased 747’s freight network
Israeli flag-carrier El Al appears set to broaden its United Arab Emirates reach through a regular cargo service to Dubai. Several Israeli media outlets are carrying a statement from El Al that a weekly link to Dubai will be added to the route network of a Boeing 747 freighter service ...
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NewsSaudi authority indicates airspace to open for UAE-Israel flights
Saudi Arabian authorities have granted permission for all services departing from, and arriving to, the United Arab Emirates to pass through the kingdom’s airspace. The decision by the Saudi General Authority of Civil Aviation does not specifically mention services operating between the UAE and Israel, but simply refers to allowing ...
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NewsInvestor seeks joint control of El Al with main shareholder Knafaim
Israeli flag-carrier El Al has received an offer from an investor to inject $51 million into the struggling airline in return for 190 million shares. It has been formally put to the board by entrepreneur David Sapir, who is active in the tourism business and believes there are opportunities for ...
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NewsAbysmal approach and long touchdown preceded Caspian MD-83 overrun
Iranian investigators probing a Caspian Airlines Boeing MD-83 overrun at Mahshahr have determined the aircraft touched down nearly two-thirds of the way along the runway, after a highly-unstable approach and breaches of operating procedures – including omitting the landing checklist. The aircraft, arriving from Tehran Mehrabad on 27 January, landed ...
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NewsArab carrier traffic seen not back to pre-crisis levels until at least 2024
Traffic among Arab air carriers is not now expected to return to pre-crisis levels until at least 2024 and could potentially not reach those levels before 2027, fresh analysis from the Arab Air Carriers Organisation (AACO) shows. In its third status report of the impact of the pandemic on the ...
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NewsAir cargo traffic stabilises in July as capacity crunch continues
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne kilometre (CTK) terms fell by 13.5% year on year in July. IATA ...