All Middle East news – Page 18
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NewsTurkish Aerospace looks for TF-X partners, customers in Asia
Turkish Aerospace is on the hunt for potential customers and partners for its TF-X stealth fighter.
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News
Air Arabia demonstrates recovery with strong full-year profits
Middle Eastern budget carrier Air Arabia has turned in a full-year net profit of Dhs720 million ($196 million), following the easing of travel restrictions and a recovering demand for air travel. The Sharjah-based operator’s fourth quarter – which resulted in a net profit of Dhs467 million – was its fifth ...
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News
Aviation Capital and Jazeera firm Airbus narrowbody orders
Aircraft lessor Aviation Capital Group has firmed its tenative commitment for 20 Airbus A220s, while Kuwaiti low-cost carrier Jazeera Airways has finalised its order for 28 A320neo family aircraft.
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News
Jazeera Airways confident as quarterly profit run continues
Kuwaiti budget carrier Jazeera Airways is optimistic over recovery prospects after turning in a full-year net profit of KD7.1 million ($23.4 million). The airline transported 1 million passengers last year, contributing to revenues of KD80.4 million, and average load factor reached nearly 69%. “We are confident that restrictions on the ...
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News
Second Iraqi A220 arrives as carrier continues talks on lifting EU ban
Iraqi Airways has received a second Airbus A220-300 as the carrier continues to seek a lifting of a European prohibition on its flights. The airline says the arrival of the jet (YI-ARF) in Baghdad continues the modernisation of its fleet and represents an “important step to enhancing the efficiency of ...
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News
UK handler Menzies rejects Kuwaiti takeover approach
UK ground-handling specialist John Menzies has rejected an unsolicited takeover approach from a Kuwaiti firm National Aviation Services. John Menzies’ board says NAS has offered to acquire the entire company, with cash, at a price of £5.10 per share. This followed a previous approach for an all-cash offer of £4.60 ...
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News
Air Arabia’s new Pakistani carrier to emerge around mid-year: chief
Air Arabia Group chief Adel Ali expects operations with its new Pakistani joint-venture carrier to commence around mid-year. The new carrier, Fly Jinnah, is being established with conglomerate Lakson Group and will be based in Karachi. Speaking during an event in London on 8 February, Ali said the airline would ...
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News
Two A350-1000s dropped from Qatar backlog alongside 50 A321neos
Two Qatar Airways Airbus A350-1000s have been dropped from the airline’s backlog, the airframer’s latest official figures reveal. Airbus’s backlog for January 2022 shows the number of Qatar A350-1000s on order has fallen from 42 to 40 – leaving total orders for the -1000 from all customers at 162. It ...
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Analysis
Why has Turkish Airlines’ share price rocketed in recent months?
While the majority of global airline groups tracked by FlightGlobal have yet to see their share prices return to anything like pre-Covid levels, Turkish Airlines is a different story.
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News
Dubai’s Aerovista to introduce converted A321 freighters
Middle Eastern lessor Aerovista is committing to four Airbus A321 converted freighters through a partnership with US finance firm Petrus Aviation. The A321s will undergo modification by specialist 321 Precision Conversions. Dubai-based Aerovista, which focuses its services on A320-family jets, identifies the initial two aircraft as MSN1451 and MSN1503. Both ...
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In depth
Airline Business Covid-19 recovery tracker: February 2022 update
Our regular examination of the latest global data for several key airline market indicators, including 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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Analysis
Boeing 737 Max programme enjoys better news after order setbacks
Boeing’s 737 Max programme has enjoyed a much-needed period of positive news following an inauspicious end to 2021 that saw Air France-KLM and Qantas place significant narrowbody orders with Airbus.
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News
USA approves Jordan to buy 16 F-16C/D fighters
The US Department of State has approved Jordan’s purchase of 16 Lockheed Martin F-16C/D fighters for an estimated cost of $4.21 billion.
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News
El Al board approves non-binding framework for Arkia acquisition
El Al’s board has approved a non-binding memorandum of understanding in preparation for signing an agreement to acquire fellow Israeli carrier Arkia. Under the proposed transaction El Al will acquire the entire share capital of Arkia from its shareholders, and the airline will become a wholly-owned subsidiary of the Israeli ...
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Analysis
Airbus tension, Air Italy and Covid: how Qatar Airways’ first 737 Max order hit the buffers
Qatar Airways’ signing of a letter of intent for up to 50 Boeing 737 Max 10 jets on 31 January does not mark the first time the Middle Eastern carrier has looked to Seattle for narrowbodies amid tensions with Airbus.
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Qatar Airways orders 777X Freighters and signals intent to purchase 737 Max
Qatar Airways has ordered 34 Boeing 777-8 Freighters, becoming the type’s first customer and marking Boeing’s launch of 777-8F development.
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News
Qatar Airways officials meet in Washington amid reports of 777X Freighter order
The White House confirms that US secretary of commerce Gina Raimondo will meet today with a representative from Qatar Airways amid reports the meeting will involve Qatar ordering a freighter version of Boeing’s 777X.
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News
Baghdad missile attack damages retired Iraqi Airways A300
Iraqi Airways states that a missile attack on Baghdad airport has damaged an out-of-service aircraft, but that the carrier is continuing to operate services. The attack took place at dawn on 28 January, the airline says. It has released photographs of a parked aircraft, the nose-gear doors of which identify ...
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News
International air travel recovery continued in December despite Omicron impact
Demand for international air travel in December continued the upward trend that began in mid-2021, albeit at a slower growth rate than was forecast before the Omicron variant of Covid-19 began to spread around the world.
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News
US clears potential Egyptian deal for 12 C-130Js
The US government has cleared the potential sale to Egypt of 12 Lockheed Martin C-130J-30 tactical transports, with an estimated value of $2.2 billion.
