Middle East – Page 21
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NewsEl 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 ...
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NewsSaudia’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 ...
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AnalysisHow 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.
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In depthAirline 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.
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NewsNew 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 ...
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NewsAirbus 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 ...
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NewsWestJet lands slots to launch Calgary-Dubai flights in March 2023
Canadian airline WestJet looks poised to launch flights between Calgary and Dubai beginning in March 2023, after securing required landing slots at Dubai International airport.
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NewsQatar Airways chief defiant as airport expansion opens on eve of World Cup
Qatar Airways chief executive Akbar Al Baker was in a defiant mood as he helped to officially open an expansion of Doha’s Hamad International airport on the eve of the FIFA World Cup in the country.
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NewsletterChina’s ‘dismal’ performance weighs on global airline traffic recovery
The latest data from IATA shows how far China is lagging the recovery being seen in other markets around the world, as government policy continues to limit international and domestic travel.
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NewsAir Arabia reports Q3 revenue ahead of 2019 level as Fly Jinnah begins operations
Air Arabia Group’s third-quarter revenue of Dhs1.61 billion ($436 million) was 12% up on the same period of 2019, as the low-cost group benefited from the recovery in air travel demand. It outlined its July-September earnings on 9 November, days after its latest joint-venture operation, Pakistani carrier Fly Jinnah, commenced ...
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NewsEmirates expects return to full-year profit after strong first half
Emirates Group had returned 73 Airbus A380s to service, along with its entire Boeing 777 fleet, by the end of the first half – a period in which it generated a net profit of Dhs4.2 billion ($1.1 billion). The financial performance contrasts with the Dhs5.7 billion net loss from the ...
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NewsBahraini AH-1Z makes show debut, as deliveries gather pace
One of Bahrain’s newly delivered Bell AH-1Z attack helicopters broke cover on the opening day of the Bahrain International Airshow, with the “Zulu” appearing in the static display.
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NewsEmirates and Gulf Air firm codeshare plan
Middle Eastern carriers Emirates and Gulf Air are set to launch their codeshare next month after formalising the agreement during the Bahrain air show today.
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NewsRoyal Jordanian signs Pratt & Whitney deal for A320neo, E-Jet fleets
Royal Jordanian and Pratt & Whitney have signed propulsion contracts to equip the carrier’s future Airbus A320neo-family and Embraer E-Jet E2 aircraft with geared turbofan engines.
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AnalysisF-16 deliveries near resumption, as Bahrain’s lead Block 70 jet takes shape
Instead of dying out as Lockheed Martin’s fifth-generation F-35 Lightning II scoops up an increasing number of international orders, the manufacturer’s older F-16 is enjoying a late-life revival.
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NewsPakistan debuts JF-17 fighters at Bahrain air show
Pakistan’s air force has brought a trio of JF-17 fighters to make the type’s Bahrain show debut, with the “Thunder” taking part in the flying display.
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NewsIsraeli state takes Israir convertible bonds in exchange for financial aid
Israel’s government is to provide financial assistance to operator Israir Group in exchange for convertible bonds. The ministry of finance has agreed to provide 33 million shekels ($9.4 million) to the company’s aviation and tourism division. It will provide the funding in US dollars, and receive convertible bonds as collateral ...
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NewsEmirates places order for five new 777Fs
Emirates has placed a firm order for five Boeing 777Fs in a deal worth over $1.7 billion at list prices.
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NewsIsrair unifying its fleet around A320s after agreeing to sell ATR 72s
Israeli leisure operator Israir has tentatively agreed to sell its pair of ATR 72-500 turboprops, in order to simplify its fleet. Israir intends to unify its fleet based on Airbus A320s. It has six A320s – two owned and four dry-leased – and intends to add a seventh in the ...
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NewsIsraeli carrier Israir lines up bid for Czech operator Smartwings
Israeli leisure carrier Israir has identified Czech budget operator Smartwings as the target of a takeover offer. Israir, which was acquired by an investment firm last year, had disclosed earlier this year that it was participating in a private process with a view to acquiring the entire share capital of ...