All Middle East news – Page 20

  • El Al 787-c-El Al

    El Al offers to take additional 787-9 originally built for another customer


    Israeli flag-carrier El Al has formally put forward an offer to purchase another Boeing 787-9, an aircraft which was originally manufactured for another customer. The airline has 15 787s in its fleet and already intends to take another – a delivery deferred during the pandemic – to complete its original ...

  • Qatar A350-1000-c-Qatar Airways

    Airbus convinces judge to split trial in Qatar A350 dispute


    Airbus has secured a split trial in its legal clash with Qatar Airways over the skin-paint deterioration issue with the airline’s A350 fleet. The two sides met in court on 16 December for the latest case-management conference. Airbus had previously warned that the trial – set for June next year ...

  • El Al 787-c-El Al

    El Al’s main shareholder looks to swap debt for equity


    Israeli flag-carrier El Al’s primary shareholder is seeking to conduct a debt-for-equity swap involving a loan to the airline. Kanfei Nesharim holds 39% of the El Al share capital – and 54% on a fully-diluted basis – according to the company’s third-quarter financial statement. El Al says its board of ...

  • Raffael Quintas-c-Etihad Airways

    Etihad recruits another ex-TAP executive as chief financial officer


    Etihad Airways has named another former TAP Portugal executive, Raffael Quintas, as chief financial officer, just weeks after appointing TAP’s ex-chief, Antonoaldo Neves, to lead the airline. Quintas became TAP’s finance chief in 2018 having previously worked as treasurer of Brazilian carrier Azul. His career has also included strategic roles ...

  • Airline Business Covid-19 recovery tracker Logo
    In depth

    Airline Business Covid-19 recovery tracker: December 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.

  • Jeffrey Goh-c-Star Alliance

    Star Alliance chief Goh set to head Gulf Air holding company


    Star Alliance chief Jeffrey Goh is to take up a position heading the Middle East’s Gulf Air Group Holding, which oversees Gulf Air and its associated companies. Goh will become the chief of the Bahraini group from 1 January. He had indicated earlier this year that he planned to step ...

  • Etihad A380-c-Etihad Airways

    Etihad partially restoring A380 fleet for service on London route


    Middle Eastern carrier Etihad Airways is to re-introduce Airbus A380s from next year, initially on the London Heathrow route. Four of the double-deck type will be brought in from summer 2023 to address increasing demand on the Abu Dhabi-based airline’s network. New Etihad chief executive Antonoaldo Neves says the carrier ...

  • Willie Walsh iata

    Razor-thin airline industry profit projection for 2023 reflects complex web of factors


    It is not for nothing that IATA director general Willie Walsh described the challenges faced by airlines going into 2023 as “complex”.

  • Willie Walsh IATA

    IATA forecasts global airline industry will return to profit in 2023


    The global airline industry is forecast to achieve a net profit of $4.7 billion in 2023 as the recovery from the Covid-19 crisis continues, according to IATA. That would mark the industry’s first positive result since the pandemic hit in 2020, with airlines on course for a loss of $6.9 ...

  • Tus A320-c-Tus Airways

    Global Knafaim to raise equity for Tus Airways loan repayment


    Israel’s Global Knafaim Leasing is injecting additional capital into Cypriot carrier Tus Airways, via a share issue, the lessor reveals in its third-quarter financial statement. It says that the board approved the extra investment of $2 million on 30 November. Investment partner Kenneth Woolley has similarly contributed in order to ...

  • ALAFCO 737 Max-c-Boeing

    ALAFCO seeks shareholder approval for $2.2bn Macquarie acquisition


    Kuwaiti lessor ALAFCO is to convene a shareholder meeting to approve a substantial acquisition by asset management firm Macquarie AirFinance. ALAFCO states that its board discussed and reviewed, on 29 November, a proposal for the acquisition – valued at $2.215 billion – which includes sale of 53 aircraft from its ...

  • Israir title-c-Israir

    Israir details updated bid for Smartwings


    Israeli carrier Israir has detailed its binding offer for Czech operator Smartwings, but has yet to discover whether it will be successful. Israir says the transaction, if accepted, would be valued at €44 million which includes €8 million for the entire share capital of Smartwings. Another €12 million would be ...

  • King Salman airport-c-PIF

    New Riyadh King Salman airport to absorb current King Khalid hub


    Riyahd’s King Khalid international airport is to be absorbed into a larger complex which will be named after Saudi Arabia’s current ruler, King Salman. The airport will be expanded to accommodate up to 120 million annual passengers by 2030, according to a masterplan released by the sovereign Public Investment Fund, ...

  • El Al 737-c-Czołgista Wiesław Creative Commons

    El Al to bring in freighter next year and signals plans to renew narrowbodies


    Israeli flag-carrier El Al is pressing ahead with plans to introduce a dedicated freighter, indicating that the aircraft will arrive in the second quarter of next year. It has not identified the type but indicates that it will be a narrowbody aircraft in its latest fleet plan, outlined in the ...

  • El Al-c-El Al

    El Al turns in third-quarter profit as revenues near pre-crisis level


    Israeli flag-carrier El Al has turned in further evidence of a recovery trend in its operations, with a third-quarter pre-tax profit of $68 million. It states that the business is benefiting not only from the summer season but also the lifting of travel restrictions and compulsory masking, and the cancellation ...

  • AviLease Saudia-c-AviLease

    Saudia’s Flyadeal broadens AviLease portfolio with A320neo agreement


    Middle Eastern operator Saudia Group has become the latest to agree a fleet lease from new Riyadh-based lessor AviLease. Saudia Group has entered a sale-and-lease transaction covering 20 Airbus A320neos. The twinjets will be operated by the group’s budget arm Flyadeal. Saudia Group director general Ibrahim Al-Omar says the agreement ...

  • M-346 IFTS

    How Leonardo’s M-346 helped Italy to become a training Master


    A little over a decade since the first customer example of Leonardo’s M-346 advanced jet trainer was handed over, the type is now in service with six nations, and supporting the instruction of new pilots for multiple other air forces.

  • Airline Business Covid-19 recovery tracker Logo
    In depth

    Airline Business Covid-19 recovery tracker: November 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.

  • Flynas AviLease A320neos-c-AviLease

    New Saudi lessor AviLease carries out first deliveries


    New Saudi Arabian lessor AviLease has carried out its first deliveries, with the handover of two Airbus A320neos to local operator Flynas. AviLease was established in June as an aviation finance and leasing company, wholly-owned by the kingdom’s sovereign Public Investment Fund and specialising in new-generation aircraft. The company, which ...

  • Qatar A350-c-Qatar Airways

    Airbus and Qatar joust over regulatory cosiness as trial schedule is left in doubt


    Airbus has expressed doubt that a trial to resolve its legal scrap with Qatar Airways over A350 fuselage-skin paint degradation will take place on time in June next year, accusing the airline of shortcomings in the disclosure process. The two sides clashed in court on 11 November during a case-management ...