All Middle East articles – Page 58
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NewsEmirates fined over JetBlue codeshare flights in Iranian airspace
Middle Eastern carrier Emirates is set to be fined by the US Department of Transportation for operating services through Iranian airspace while carrying a codeshare with US budget operator JetBlue Airways. US investigations have determined that, during the first three weeks of July last year, Emirates operated services with the ...
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NewsQatar Airways lands QR7.3bn state injection after heavy pre-crisis loss
Qatar Airways Group has turned in a pre-tax loss of QR6.96 billion ($1.9 billion) and a net loss of just over QR7 billion, for a financial year that concluded before the airline industry felt the broad impact of the coronavirus crisis. The Doha-based carrier says that, at the end of ...
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NewsConcerns emerge over new El Al investor’s ownership
Israeli flag-carrier El Al’s new ownership structure has already run into problems, just a week after the share offering which resulted in a change in major shareholder. The new investor, Kanfei Nesharim, took a 43% shareholding in El Al during the share offering on 16 September. It had declared at ...
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NewsIsrair operates Bahrain flight after Israeli pact with kingdom
Israeli leisure carrier Israir has carried out a service to Bahrain from Tel Aviv, a week after the signing of a diplomatic accord between the two countries. Israir operated an Airbus A320 on the route which – like a previous El Al flight to the United Arab Emirates – involved ...
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Airline BusinessTim Clark reflects on Emirates’ incredible journey
As he nears his departure after more than three decades at the heart of Emirates Airline, Tim Clark tells FlightGlobal how the Middle Eastern operator went from minnow to global player
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Airline BusinessWhere the airline industry was when the music stopped
Another year of strong profit and traffic growth in 2019 for leading carriers illustrates the highs the industry had reached before the coronavirus pandemic, but offered no warning of the crisis to come that has pushed airlines to the brink.
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InterviewTim Clark in conversation on the rise and rise of Emirates
As Emirates Airline president and founding father Tim Clark prepares to step aside, he reflects in this FlightGlobal video interview on more than three decades at the sharp end of Dubai’s flag carrier.
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NewsRwandAir seeks to acquire freighter
The African carrier is “looking at acquiring a cargo freighter in the near future”, its chief executive Yvonne Makolo tells FlightGlobal.
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NewsState takes 14% of El Al as Knafaim is displaced as main shareholder
Israel’s government has taken a 14% shareholding in flag-carrier El Al, during a share offering which led to a change in its largest shareholder. Kanfei Nesharim Aviation has acquired a near-43% share of El Al after it picked up more than 585.6 million shares. Even at the minimum price for ...
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Airline BusinessRwandAir chief Makolo on recovery, Qatar and pan-African aims
The Covid crisis may have created numerous immediate challenges, but RwandAir chief Yvonne Makolo says the carrier has many reasons for optimism about its long-term future
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NewsEl Al signals intention to restart limited number of flights
Israeli carrier El Al is aiming to start restoring flights this month, beginning with a gradual resumption of cargo services on its aircraft. It says the cargo flights will begin returning on 21 September. El Al is intending to follow these flights with a restoration of passenger operations from 1 ...
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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.