Middle East – Page 27
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NewsEl Al chair steps down after seven months in post
El Al chair David Brodet has resigned from his position at the Israeli flag-carrier, just a few months into his tenure. Brodet was nominated to the post last year during an overhaul of the El Al management team as a new controlling shareholder took over the airline in September ...
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El Al not concerned about financial impact of Gaza hostilities
Israeli flag-carrier El Al has yet to determine the financial consequences of the armed conflict which has ignited in Gaza, but believes the impact is not material at this stage. While some foreign carriers have been cancelling flights to Tel Aviv, El Al says it has continued to offer ...
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Jazeera and Air Arabia experience contrasting first-quarter fortunes
Kuwaiti budget carrier Jazeera Airways has turned in a first-quarter loss while Sharjah low-cost operator Air Arabia managed to achieve a net profit in the same period. Jazeera Airways is proposing a rights issue of KD10 million ($33 million) to improve its liquidity position, after posting a net loss ...
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El Al financing agreement with Israeli state clears final hurdle
Israeli flag-carrier El Al’s financing agreement with the state has entered into effect, after the final condition – a government approval on the main points of the deal – was met. Several conditions had been outlined when the agreement was detailed in March, among them approval from the boards ...
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In depth
Airline coronavirus recovery tracker: May 2021 update
Our regular examination of the latest global data for several key airline market indicators, including international and domestic travel restrictions, 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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News
El Al scraps 737-800 sale-and-leaseback plan
Israeli flag-carrier El Al has dropped plans to enter a sale-and-leaseback transaction for three Boeing 737-800s with an undisclosed foreign company. El Al had stated in April last year that it signed a memorandum of understanding covering the deal for the three aircraft, all manufactured in 2009. The ...
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Environmental impact now part of airline fleet thinking: Udvar-Hazy
While Air Lease executive chairman Steven Udvar-Hazy sees airlines giving greater attention to addressing environmental concerns in their fleet planning amid heightened pressure to tackle aviation’s climate impact, he does not believe it will change the useful life of aircraft.
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Israel Aerospace to set up 777 freighter conversion line in Seoul
Israel Aerospace Industries is intending to establish a Boeing 777 passenger-to-freighter conversion facility in South Korea, specialising in both -200LR and -300ER modification. The company has reached a preliminary agreement with Sharp Technics K and Seoul’s Incheon airport regarding the plan. IAI says it aims to convert six ...
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Egypt orders 30 additional Rafale fighters
Cairo has ordered 30 additional Dassault Rafale fighters, in a follow up to a previous acquisition of 24 examples.
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Flydubai counts full-year cost of crisis disruption and Max grounding
Middle Eastern carrier Flydubai has turned in a full-year loss of Dhs713 million ($194 million), but believes its business fundamentals remain strong. The airline’s revenues halved to Dhs2.8 billion in the 12 months to 31 December 2020. Flydubai says its operations were “severely curtailed” for 14 weeks, from ...
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Commercial aircraft market should reach equilibrium by 2023: Udvar-Hazy
The commercial aircraft market should return to something more like its historical balance by 2023, following an accelerated retirement and replacement cycle, in the view of Air Lease executive chairman Steven Udvar-Hazy.
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Air Cairo receives its first A320neo
Air Cairo has taken delivery of its first Airbus A320neo, which joins the Egyptian low-cost carrier’s all-Airbus fleet of seven aircraft.
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Guangzhou displaces Atlanta as Chinese airports dominate latest ranking
Guangzhou Baiyun displaced Atlanta Hartsfield as the world’s busiest airport in 2020, as Chinese facilities shot up the global ranking to dominate the top 10, according to preliminary data released by ACI World in late April.
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News
Saudia and Gulf Air tighten ties with codeshare
Middle Eastern carriers Saudia and Gulf Air are to enter a co-operation agreement which will include a codeshare between the two airlines. The codeshare will take effect during the summer schedule. Saudia says the tie-up will involve placing its ‘SV’ designator on Gulf Air’s services from Bahrain to ...
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News
Etihad to ground A380s ‘indefinitely’
Etihad has decided to ground its entire fleet of 10 Airbus A380s “indefinitely”, as it remodels its fleet around the Boeing 787 and A350-1000, chief executive Tony Douglas has disclosed.
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Pilatus reveals PC-24 order for Qatar’s air force
Qatar’s air force is to field a pair of Pilatus PC-24 light jets, the Swiss airframer revealed in its annual results publication on 22 April.
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Emirates’ Clark sees heightened regulatory scrutiny delaying 777X
Tighter regulatory attention on Boeing following the 737 Max crisis is causing delays to its 777X programme and could contribute to Emirates switching its orders to the 787, the carrier’s president Tim Clark has warned.
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Emirates boss Clark confident premium seats will be filled
Emirates Airline president Tim Clark believes airlines will be able to fill business-class and premium-economy seats following the pandemic even if demand for corporate travel remains depressed.
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Lessor DAE places $1.8 billion order for 15 737 Max jets
Middle Eastern lessor Dubai Aerospace Enterprise (DAE) has placed an order 15 Boeing 737 Max 8 aircraft, its first direct order of the type from the airframer.
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First 777-300ER for freighter conversion joins Israeli commemorative flypast
Israel Aerospace Industries has flown a Boeing 777-300ER set for freighter conversion in a formation to mark the anniversary of Israeli independence. The company says the 15 April flypast – which took place over several locations including Tel Aviv, Jerusalem, the Dead Sea and Masada – included a pair ...
