Middle East – Page 57
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NewsAir Arabia dragged to half-year loss as second quarter revenues collapse
Air Arabia recorded a net loss of Dhs239 million ($65 million) in the second quarter as the pandemic virtually wiped out passenger revenues during the period and dragged the low-cost carrier into the red for the first-half.
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NewsSenior air force figure takes over as head of Iran Air
Former deputy Iranian air force operations commander Alireza Barkhor has been named as the new chief of flag-carrier Iran Air. The Iranian transport ministry has confirmed Barkhor’s appointment. He previously held several senior military roles including commanding Isfahan’s Shahid Babaei air base. Barkhor succeeds Touraj Dehghani Zanganeh who is to ...
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NewsEtihad starts network rebuild after ‘enormous challenges’ thwart early 2020 gains
Etihad’s strong start to 2020 was thwarted by the coronavirus pandemic as it now plots the reactivation of its network amid a further drive to reduce costs.
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AnalysisTrump administration’s relaxation of UAV export rules offers belated boon for US manufacturers
The Trump administration’s decision to modify its adherence to the Missile Technology Control Regime (MTCR) is positive for American manufacturers of large unmanned air vehicles (UAVs), but comes after much ground has already been ceded to China. From the perspective of US defence firms, the MTCR is perhaps the most ...
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NewsEl Al seeks approval to raise capital as pilots object to cost-saving pact
El Al has called a shareholders’ meeting for 18 August in order to seek approval to raise the company’s registered share capital. The Israeli flag-carrier is planning to raise $400 million through a $150 million share issue and a state-backed staggered $250 million loan. El Al says that, in order ...
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NewsEl Al must issue shares before state will back loan
Israeli flag-carrier El Al must carry out a planned $150 million share issue by the end of August, before the country’s government will back a $250 million bank loan. The conditions have been outlined in a 22 July letter from the ministry of finance. El Al opted in early July ...
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NewsWizz Air chief predicts 100-aircraft Abu Dhabi operation
Wizz Air Abu Dhabi can mimic the fleet growth seen at the carrier’s European operation and reach 100 aircraft in 15 years’ time, according chief executive Jozsef Varadi.
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NewsQatar Airways’ parent pursues $5bn in compensation over blockade
Qatar Airways’ parent group is seeking $5 billion in compensation against the four Arab states which imposed a blockade on the airline three years ago. The company says it is taking formal arbitration action to obtain “redress” over the blockade which was put in place by Saudi Arabia, Bahrain, Egypt ...
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NewsLockheed Martin to sell 40% stake in AMMROC to Abu Dhabi’s Edge
Lockheed Martin plans to sell its 40% stake in Advanced Military Maintenance Repair and Overhaul Center (AMMROC) to state-owned Edge of the United Arab Emirates.
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NewsQatar Executive launches bespoke VIP charter programme
Qatar Executive has launched a bespoke, flexible charter programme which it hopes will boost the appeal of its luxury business aircraft fleet as the market for VIP travel emerges after months of lockdown.
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NewsInvestor offers $75m for 45% share in struggling El Al
Israeli flag-carrier El Al has received an offer from an investor who is prepared to acquire a private allotment of shares worth $75 million. The offer has come from an individual which the law firm Shibolet identifies, in a 20 July letter to the airline, as businessman Eli Rozenberg. This ...
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NewsIran transfers recorders of shot-down 737 to French investigators
Iranian investigators have arrived at the facility of French accident analysis bureau BEA with the flight recorders from the Boeing 737-800 shot down over Tehran in January. The arrival of the Iranian team at BEA’s facility in Paris marks an important advancement in the investigation, after six months of uncertainty ...
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NewsGovernment to provide support as Royal Jordanian losses soar
Royal Jordanian Airlines has posted a pre-tax and net loss of JD25.4 million ($35.8 million) for the first quarter, five times the figure recorded last year. The company recorded a 21% fall in revenues to JD114 million, including JD87 million from scheduled passenger services, but only a 6% reduction in ...
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NewsCourt’s Qatar blockade ruling cited judgement on India-Pakistan dispute
Central to the International Court of Justice ruling that the ICAO Council can hear Qatar’s complaint over a long-running airspace blockade was the decision as to whether ICAO should be prohibited from considering issues outside of its aviation sphere. Qatar had sought to bring proceedings before the ICAO Council over ...
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NewsQatar will not revive A380 fleet until demand justifies
Amid Emirates triumphant reintroduction of the Airbus A380, Gulf rival Qatar Airways has restated its intention to keep its superjumbo fleet firmly grounded, citing environmental and commercial concerns.
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NewsEmirates adds China and Iran routes in latest network update
Guangzhou in China and Iranian capital Tehran are among four more destinations that will rejoin Emirates’ network this summer, bringing the total number served by the Middle Eastern carrier in August to 62.
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NewsEl Al pilots absent as negotiators reach cockpit savings agreement
Israeli trade union centre Histadrut has reached a new efficiency agreement covering flag-carrier El Al’s pilots, although the pact has been arranged without the pilots’ representatives. Histadrut states that the agreement, reached on 15 July after discussions with the transport workers’ union, will enable the carrier to save $105 million ...
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NewsUN court rejects Gulf states appeal in Qatar blockade case
An international court has rejected an appeal by four Gulf states countering ICAO’s right to rule on a challenge to the three-year air space restrictions imposed on Qatari aircraft.
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NewsWizz Air’s Abu Dhabi division sets out initial route network
Wizz Air’s new Middle Eastern operation is to focus initially on the eastern Mediterranean and Caucasus when it commences services in October. The new venture, Wizz Air Abu Dhabi, will station two Airbus A321neo in the United Arab Emirates capital. But this fleet will be expanded to six aircraft in ...
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NewsUIA 737 shot down as command chain broke after defence system blunder
Two missiles were fired at a Boeing 737-800 over Tehran after a misaligned defence system, and a breakdown of communications and procedures, led the aircraft to be misidentified as a hostile intruder. Evidence from Iranian investigators indicates that only the first missile hit the Ukraine International Airlines aircraft, although the ...