Middle East – Page 38

  • Israir Airbus-c-Israir

    Israir poised to be acquired by retail entrepreneur through BGI bid


    Retail entrepreneur Rami Levy appears set to take over Israeli leisure carrier Israir, following a convincing backing of BGI Investments’ offer for the airline in a three-way run-off. BGI had been competing in a final bidding round for Israir against rivals YH Dimri and Dor Alon Energy. Bondholders ...

  • AH-64E Apache Longbow

    US clears sale of AH-64Es to Kuwait, smart bombs to Saudi Arabia


    The US government has cleared four potential Foreign Military Sales (FMS) to Egypt, Kuwait, and Saudi Arabia.

  • EK A380 PE cabin-c-Emirates

    Emirates considers refitting A380s with new premium-economy cabin


    Middle Eastern carrier Emirates has shown off the new premium-economy cabin fitted to its latest Airbus A380, of which the airline took delivery in mid-December. It comprises 56 seats in a 2-4-2 cross-section, with up to 40in pitch, at the front of the A380’s main deck. Each has a ...

  • Israir A320

    Israir bidders submit final offers ahead of bondholder vote


    All three bidders for the Israeli leisure airline Israir have submitted final offers for the carrier, with bondholders set to vote on the proposals on 29 December. The three bidders – BGI Investments, Dor Alon Energy and YH Dimri – had been told to put forward final offers by ...

  • Israir Airbus-c-Israir

    Court tells all three Israir bidders to submit new final offers


    All three bidders battling to acquire Israeli leisure airline Israir will be given until 28 December to submit a best and final offer, a Tel Aviv district court has ruled. The sale of Israir by its parent IDB has been immersed in controversy after bidders were permitted to submit ...

  • Cancelled flights

    How might new Covid-19 strains affect the airline industry’s outlook?


    The emergence of more infectious strains of Covid-19 and the consequent restrictions placed on travel to and from the UK, Denmark and South Africa could have significant implications for the airline industry’s recovery path.

  • Grounded AA jets
    In depth

    In pictures: The airline industry’s crisis year


    A year that began with plenty of reasons for optimism about the industry’s prospects quickly turned into 12 months of unprecedented challenges, dominated by the Covid-19 pandemic

  • Israir A320-c-Israir

    Bondholders back Dimri bid for Israir but rival bemoans shifting deadline


    Bondholders of Israir parent IDB have backed the late bid by investor YH Dimri, but the sale process has sparked irritation from a rival bidder. The trustee for the sale, in an update on the bondholder voting, states that the Dimri offer was strongly supported with 97% in favour. ...

  • Etihad-ecodemonstrator

    Etihad inaugurates Boeing 787-10 used as ecoDemonstrator


    The Boeing 787-10 aircraft used for this year’s ecoDemonstrator programme has been inaugurated into Etihad’s fleet.

  • Airline-data
    In depth

    Airline coronavirus recovery tracker: December 2020 update


    Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.

  • Israir Airbus-c-Israir

    Court urged to bring Israir sale to a conclusion


    Lawyers working on the auction process for Israeli leisure carrier Israir have formally requested that a court set a timeframe to bring the sale of the airline to a close. Several bidders have put forward offers for the carrier, which is owned by parent IDB. But while an ...

  • Israir A320

    Investment firm YH Dimri makes play for Israir


    Israeli leisure carrier Israir has received another approach from a potential acquirer, YH Dimri Investments, the trustee for the airline’s divestment has disclosed. YH Dimri is a holding firm with interests including construction and real estate. It has submitted a bid for Israir based on a 141 million ...

  • El Al 737-900ER

    El Al increases authorised share capital


    Shareholders of Israeli flag-carrier El Al have approved an increase in the company’s authorised share capital amounting to 1 billion shekels ($306 million). The increase takes the overall authorised capital to just over 2.5 billion, inclusive of the single special state share held by the Israeli government. Shareholders ...

  • Akbar Al Baker

    More airline failures ahead as complacency sets in: Al Baker


    Qatar Airways group chief Akbar Al Baker predicts more airline failures are in the horizon, as carriers get complacent about recovery prospects. 

  • Gulf Air CS100-c-Bombardier

    Gulf Air appears to cancel long-dormant A220 order


    Middle Eastern carrier Gulf Air appears to have cancelled the 10 Airbus A220-100 it ordered nearly a decade ago. Gulf Air had signed for the aircraft in mid-2011, when it was still known as the Bombardier CSeries, two years before its first flight. But doubts over the delivery ...

  • Emirates A380 116th-c-Emirates

    Emirates receives its first new A380 for 2020


    Middle Eastern carrier Emirates has taken delivery of another Airbus A380, the first of three to be introduced by the Dubai-based airline before the end of this year. One of the three aircraft to be delivered will have a configuration which includes Emirates’ premium-economy seating. The latest aircraft ...

  • Israir A320-c-Israir

    BGI leads race for Israir as bidders continue to tweak offers


    Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee ...

  • Traveller-mask-c-Shutterstock

    Bubbles, testing, vaccines, quarantines: airlines brace for complicated 2021


    There is a high risk that a reduction in the threat posed by Covid-19 might only further expose a messy operating environment for international travel, stymieing the sector’s ability to take advantage of the virus’s reduced prevalence. 

  • Israir A320 title

    Joint bidders interrupt Israir sale with late acquisition offer


    Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. ...

  • Gulf Air-c-Gulf Air

    Gulf Air to open Tel Aviv link and explore El Al codeshare


    Bahraini carrier Gulf Air is to open scheduled to services to the Israeli hub at Tel Aviv, in a further air transport tie-up between the states following normalisation of diplomatic relations. Gulf Air is also set to explore codeshare opportunities with Israeli flag-carrier El Al under a comprehensive memorandum ...