Middle East – Page 43
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NewsRafael to reveal Ice Breaker multi-domain missile
Rafael is unveiling an air-launched version of its recently introduced Sea Breaker precision-guided anti-ship missile, called Ice Breaker, at the Farnborough air show. Source: Rafael An artist’s impression of the new missile The 700kg (1,540lb) weapon, which has a range of 162nm (300km), is suitable for light-attack ...
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Airline BusinessAirline Business Covid-19 recovery tracker: July 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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NewsSaudi waste-to-fuel plant developer seeks UK price-stabilisation mechanism
Saudi Arabian engineering firm Alfanar is seeking price-protection measures from the UK government as it commits to developing two more sustainable aviation fuel plants in the country. Alfanar is already advancing with an initial £1 billion project – the ‘Lighthouse Green Fuels’ scheme in Teesside, in the north-east – which ...
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NewsEl Al resolves pilot dispute with new operations and salary pact
Israeli flag-carrier El Al has reached an agreement with its pilots aimed at settling a dispute over salaries which has caused disruption to the airline’s operations for several weeks. El Al says the agreement – signed by its pilot committee as well as the trade union centre Histadrut – will ...
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Airline BusinessAlliances see fresh horizons in post-pandemic environment
New airline members, a rail partnership and the roll-out of new digital applications illustrate how the role and activities of Oneworld, SkyTeam and Star Alliance have continued to evolve since the Covid crisis
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NewsSaudi Arabian sovereign fund establishes new aircraft leasing company
Saudi Arabia’s sovereign wealth fund is to branch into aircraft management and leasing, through the establishment of a lessor branded ‘AviLease’. The Public Investment Fund, which has some $620 billion in assets under management, already supports a diverse number of sectors – such as finance, mining, transport and construction – ...
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PodcastAirline Business Podcast: IATA AGM talking points and A380 return
Graham and Lewis consider the main talking points from the recent IATA AGM in Doha, at which the association outlined an improved economic outlook for the industry. At the same time as better news on Covid restrictions being dropped, however, executives also acknowledged a new set of headwinds. They also ...
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NewsEl Al strives to settle labour dispute with cockpit crews
Israeli flag-carrier El Al is continuing negotiations with cockpit crew representatives in a bid to resolve a persistent dispute ahead of a labour court hearing. The dispute – focused on pay claims and working conditions – has led to disruptions in the airline’s schedule over the past couple of months ...
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NewsEmirates A380 tyre rupture damages left wing fairing
An Emirates Airbus A380 suffered a tyre rupture during cruise, damaging a “small portion” of the aircraft’s aerodynamic fairing.
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Airline BusinessHow do airlines and airports intend to attract staff and ease operational issues?
With concern growing about travel disruption during the northern hemisphere’s approaching peak summer travel period, attention is moving beyond the blame game and towards the search for solutions
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NewsEl Al to continue Arkia merger talks despite exclusivity period ending
Israeli flag-carrier El Al aims to continue negotiating with leisure airline Arkia regarding a proposed acquisition, but the exclusivity period for the talks is not being extended. El Al entered talks with its fellow Israeli carrier last year with a view to purchasing the entire share capital of Arkia and ...
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NewsEl Al formally signs for $130m loan against its loyalty programme
Israeli flag-carrier El Al has signed a formal agreement for the sale of its frequent-flyer scheme, valued at $500 million, in order to provide additional liquidity to the airline. The scheme and its assets are being sold to a subsidiary of the carrier, El Al Matmid Frequent Flyer. El Al ...
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Airline BusinessAirlines move on from Covid-19 at IATA AGM – but to where?
It felt like the airline industry was grappling with two competing narratives during the IATA AGM in Doha this week.
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NewsEmirates chief predicts ‘relief on both sides’ if 787 order parked
Emirates Airline president Tim Clark wants Boeing to concentrate on delivering the 777X programme over fulfilling the carrier’s 787 orders, as he confirmed talks are taking place with Airbus about speedier A350 deliveries.
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NewsNew Pegasus chief hails tourism rebound and ‘game-changing’ A321neos
Turkish budget carrier Pegasus is on track to reach pre-Covid capacity levels for the full year amid strong demand for inbound tourism, according to the airline’s new chief executive Guliz Ozturk.
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NewsDefiant Walsh says airline industry can handle coming headwinds
IATA director general Willie Walsh insists the airline industry can handle the lengthy list of headwinds coming its way as the Covid-19 recovery ramps up.
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NewsEmirates chief rates industry challenges 9/10 but sees demand resilience
The headwinds faced by the airline industry today are “very challenging”, in the view of Emirates Airline president Tim Clark, but indications are that demand can withstand the battering for now.
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News‘I figured out how to buy an airline on Zoom’: CEOs reveal pandemic projects
While bread-making and learning a new language were among the most popular Covid-19 lockdown projects for many people, it was a difference story for the airline chief executives who featured in a panel discussion at the IATA AGM on 20 June.
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NewsAlliances have ‘lost founding discipline’ as airlines break rank: Qatar Airways chief
More carriers are today willing to break rank and look outside the airline alliances for partnerships, according to Qatar Airways chief executive Akbar Al Baker.
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NewsOman Air to become Oneworld’s third Middle East member airline
Oman Air will join the Oneworld alliance in 2024, becoming its third new member in five years.