Middle East – Page 2

  • Kuwait A320neo-c-Airbus
    News

    Kuwait Airways slashed losses for 2021 but deficit remains heavy

    2022-12-20T09:59:00Z

    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
    News

    Airbus and Qatari regulator set for crucial meeting over A350 grounding

    2022-12-19T10:08:00Z

    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
    News

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

    2022-12-18T12:41:00Z

    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
    News

    Airbus convinces judge to split trial in Qatar A350 dispute

    2022-12-16T20:03:00Z

    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
    News

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

    2022-12-15T18:32:00Z

    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
    News

    Etihad recruits another ex-TAP executive as chief financial officer

    2022-12-15T09:02:00Z

    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

    2022-12-12T11:04:00Z

    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
    News

    Star Alliance chief Goh set to head Gulf Air holding company

    2022-12-11T19:12:00Z

    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
    News

    Etihad partially restoring A380 fleet for service on London route

    2022-12-09T08:34:00Z

    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
    Analysis

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

    2022-12-08T10:09:00Z

    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
    News

    IATA forecasts global airline industry will return to profit in 2023

    2022-12-06T09:45:00Z

    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
    News

    Global Knafaim to raise equity for Tus Airways loan repayment

    2022-12-01T07:29:00Z

    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
    News

    ALAFCO seeks shareholder approval for $2.2bn Macquarie acquisition

    2022-11-30T10:10:00Z

    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
    News

    Israir details updated bid for Smartwings

    2022-11-30T06:30:00Z

    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
    News

    New Riyadh King Salman airport to absorb current King Khalid hub

    2022-11-29T09:52:00Z

    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
    News

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

    2022-11-25T08:54:00Z

    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
    News

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

    2022-11-24T20:25:00Z

    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
    News

    Saudia’s Flyadeal broadens AviLease portfolio with A320neo agreement

    2022-11-17T17:49:00Z

    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
    Analysis

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

    2022-11-17T15:32:00Z

    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

    2022-11-16T13:20:00Z

    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.