Middle East – Page 10

  • Israir ATR-c-Davidi Vardi Shutterstock

    Israir reaches binding deal to sell ATRs to foreign carrier


    Israeli operator Israir has signed a binding agreement to sell a pair of ATR 72-500s, which will leave it with an all-Airbus A320 fleet. The carrier says it sealed the agreement on 29 December, adding that they will be transferred to a “foreign airline”, without elaborating on its identity. Israir ...

  • El Al 787-c-El Al

    El Al finance chief stepping down after two years


    Israeli flag-carrier El Al’s chief financial officer, Yitzhak Eliav, is to step down from his position by the end of the first quarter of 2023. Eliav was named as the head of the airline’s finances in January last year. He formerly held senior executive positions at fabric specialist Avgol Industries ...

  • Lufthansa 787-9

    Which airlines welcomed new aircraft types into their fleets during 2022?


    A selection of the aircraft deliveries over the past 12 months that saw airlines welcome new types or variants into their fleets

  • Airline Business Weekly Briefing Logo WEB2

    Tracking a strong end to 2022


    The first set of data from The Airline Business 38 reflects the strong recovery being seen in markets around the world.

  • Airline Business 38
    In depth

    Airline Business performance tracker: key data indicators from around the world


    The Airline Business perfromance tracker features key data indicators from dozens of airlines around the world, drawing metrics from the most recent earnings season and comparing the figures with equivalent periods back to 2019.

  • Airline Business Insight web
    In depth

    Airline Business performance tracker: rest of world Q3 2022


    Key data from the most-recent earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight

  • Kuwait A320neo-c-Airbus

    Kuwait Airways slashed losses for 2021 but deficit remains heavy


    Kuwait Airways’ parent company has disclosed a full-year loss of KD104.8 million ($342 million) for 2021, although this figure is less than half the previous deficit. It generated revenues of KD196 million including nearly KD178 million in passenger and cargo revenues for the year. Kuwait Airways’ employee costs fell by ...

  • Qatar A350-1000 MSN420-c-Airbus

    Airbus and Qatari regulator set for crucial meeting over A350 grounding


    Airbus and Qatar Airways are set to participate in a crucial meeting with civil aviation regulators next month, at a crucial session intended to explore issues relating to the controversial grounding of the carrier’s A350s. The meeting, scheduled for 11 January in Doha, is likely to be a focal point ...

  • 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 ...