Middle East – Page 35
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NewsExtent of initial missile damage to shot-down 737 remains unclear
Few details on the immediate effect of an Iranian surface-to-air missile strike that brought down a Ukrainian Boeing 737-800 over Tehran have emerged in the investigators’ final analysis. Although the Iranian Civil Aviation Organisation has published the flight-data recorder traces from the Ukraine International Airlines jet, shot down on ...
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NewsUkraine sharply criticises Iranian findings over 737 shootdown
Ukrainian authorities submitted dozens of comments to Iranian investigators, many highly critical, regarding multiple aspects of the inquiry into last year’s fatal missile attack on a Boeing 737-800 shortly after take-off from Tehran. The Iranian Civil Aviation Organisation has formally attributed the destruction of flight PS752 to the misidentification ...
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NewsEmirates to deepen TAP Air Portugal codeshare
Middle East carrier Emirates is deepening its codeshare with Star Alliance carrier TAP Air Portugal under a fresh agreement.
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NewsRecovery unsustainable without Travel Pass-style apps: IATA
Governments around the world are not moving quickly enough to plan for the reopening of international travel markets, in the view of IATA, particularly when it comes to the creation of digital standards for Covid-19 testing and vaccination records.
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In depthAirline coronavirus recovery tracker: March 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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NewsEtihad operating loss more than doubles in 2020
Etihad Airways has accelerated restructuring efforts after its core annual operating loss more than doubled to $1.7 billion in 2020.
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NewsSaudi regulator latest to approve 737 Max services
Saudi Arabia’s civil aviation regulator has become the latest to approve operations with the Boeing 737 Max, although none of the kingdom’s airlines yet operates the type. Flag-carrier Saudia’s budget airline Flyadeal had been in line to acquire the 737 Max, through a provisional $5.9 billion agreement for 30 ...
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NewsSaudia eyes 70-jet acquisition including 777s and A321s: Saudi outlet
Saudi Arabian flag-carrier Saudia is intending to acquire up to 70 aircraft including long-haul Boeing and single-aisle Airbus jets, according to local financial publication Maaal . The Saudi outlet, citing its own sources, claims Saudia is looking to purchase Boeing 777s and 787s as well as Airbus A321s. ...
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NewsAirline industry might burn through $95bn in cash this year: IATA
The global airline industry might continue to burn cash into 2022 amid uncertainty over when governments will release travel restrictions, according to a range of scenarios presented by IATA.
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NewsConfident Jazeera outlines plans to double fleet by 2025
Kuwaiti carrier Jazeera Airways is looking to double its fleet over the next four to five years, confident that it has the resources to recover from the air transport crisis despite the heavy financial impact on its operations. Jazeera has turned in a full-year net loss of KD26.4 million ...
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NewsGulf Air to make Singapore return in April
Gulf Air is to launch a weekly service from Bahrain to Singapore in April, reviving a route it last operated more than a decade ago. The Bahraini carrier will deploy a Boeing 787-9 on the service to Singapore, which it describes as a ”boutique destination”. Source: ...
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NewsIsrael signs for Boeing KC-46, plans for more F-35s and heavy lift helicopters
The Israeli ministry of defence has signed a letter of acceptance (LOA) for two Boeing KC-46 in-flight refuelling tankers.
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In depthAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsQatar pitches touchless IFE initiative to allay post-Covid travel concerns
Qatar Airways is highlighting its steps towards offering full touchless in-flight technology onboard its aircraft in a further sign of how airlines are adapting their product and marketing in light of customer sensitivities to flying in the post-pandemic environment.
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NewsFlydubai works on restoring Max flights after UAE approval
Flydubai is to start the process of returning its Boeing 737 Max aircraft to service after the UAE General Civil Aviation Authority (GCAA) cleared the type for operations again.
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NewsEtihad and Gulf Air agree deeper commercial relationship
Etihad Airways and Gulf Air have signed a commercial agreement to “deepen their partnership” in several areas.
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NewsEl Al sets out post-crisis earnings forecast as it nears loan deal
El Al is projecting a $200 million improvement in its earnings in 2024, compared with the average figure achieved over 2017-19. The airline has put the forecast to investors as it seeks to raise $75 million by September 2021 as part of a financial package which would also include ...
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AnalysisAirlines anxiously await international rescue as variants trump vaccines
Concerns about variants of Covid-19 are spoiling what was, towards the end of 2020, expected to be a turning point for international air travel.
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NewsEl Al seeks to raise $75m in new capital to obtain $300m loan
Israeli flag-carrier El Al is seeking to raise around $75 million through issuing tradeable warrants, as part of a bid to obtain a state-backed loan worth about $300 million. The issue has been approved by the Israeli ministry of finance, subject to an undertaking by El Al’s controlling shareholder ...
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NewsEl Al considers further capital raise to obtain loan
Israeli flag-carrier El Al is considering raising further capital as part of its efforts to secure loan financing. The airline says it is “examining the possibility” of raising capital to “strengthen” the company’s equity position. El Al says this reinforced equity is a condition of the Israeli ministry ...