Middle East – Page 7

  • AviLease-c-AviLease

    Ambitious Saudi lessor AviLease expands with $3.6bn purchase of Standard Chartered leasing arm


    Newly-created Saudi Arabian lessor AviLease is to expand substantially with the acquisition of the leasing business of Standard Chartered, in a $3.6 billion agreement. The combination will bring 100 single-aisle aircraft to AviLease, along with 22 managed airframes, meaning it will oversee a total portfolio of 167 aircraft. Riyadh-based AviLease ...

  • Israir A320-c-Israir Group

    Israir Group prepares for expansion as it turns in first-half profit


    Israir Group is citing higher demand, expansion of its network and implementation of technological changes for an improvement in its first-half results. The Israeli company generated a pre-tax profit of $7.2 million for the six months to 30 June. Israir Group has disclosed revenues of $198 million, up from the ...

  • 737-800BCF-c-Boeing

    Boeing to set up 737-800 freighter conversion line in Jordan


    Boeing is to establish a new 737-800 freighter conversion line in the Middle East, in co-operation with the Jordanian-based maintenance firm Joramco. Amman-based Joramco is a subsidiary of United Arab Emirates leasing firm Dubai Aerospace Enterprise. “We continue to look for opportunities to bring freighter conversion capacity closer to our ...

  • Oman Air 737-c-Oman Air

    Oman Air overhauls board as it embarks on transformation programme


    Middle Eastern carrier Oman Air has unveiled a new board of directors, following the government’s decision to restructure the loss-making operator. Some of the company’s board members “have been replaced”, says the carrier, while it has also recruited new members who have “extensive global experience” in the aviation sector. Oman ...

  • Cayuse Warrior Plus

    MD Helicopters lands Middle East contract for armed scouts


    The order by an unnamed Middle Eastern buyer covers six Cayuse Warrior Plus armed scout helicopters, plus glass cockpit upgrades for six Armed MD 530F light utility models.

  • Qantas Emirates

    Australian competition watchdog extends Qantas-Emirates partnership


    The Australian Competition and Consumer Commission (ACCC) has allowed Qantas and Emirates to continue coordinating their operations for another five years.

  • Nayak Aircraft Services-c-Nayak Aircraft Services

    Knafaim ties up with Nayak Group to form Israeli MRO venture


    Israel’s Knafaim Holdings is to establish a joint venture covering aircraft maintenance at Tel Aviv’s Ben Gurion airport. The company has disclosed the agreement with the European-based Nayak Group’s aircraft services division. Knafaim Holdings – which includes lessor Global Knafaim Leasing – says the two sides are setting up a ...

  • Airline Business Insight web
    In depth

    Airline Business Covid-19 recovery tracker: August 2023 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.

  • DAE 737 Max title-c-DAE

    Dubai lessor DAE takes over large batch of 737 Max jets from China’s CALC


    Middle Eastern lessor Dubai Aerospace Enterprise is to acquire a batch of 64 Boeing 737 Max jets, including Max 10s, from the Chinese leasing company CALC. The aircraft have a delivery schedule which runs from this year to 2026. DAE states that the portfolio includes the Max 8 and Max ...

  • Air Arabia-c-Air Arabia

    Air Arabia maintains strong momentum through second quarter


    Middle Eastern budget carrier Air Arabia has turned in a 78% rise in first-half net profit, reaching Dhs801 million ($218 million), on revenues of more than Dhs2.8 billion. The Sharjah-based airline disclosed the performance after a strong second quarter during which it made a net profit of Dhs459 million – ...

  • El Al 777-c-Jakkrit Prasertwit Creative Commons

    Israel’s El Al starts services with first reconfigured 777-200ER


    Israeli flag-carrier El Al has restored to service the first Boeing 777-200ER to be reconfigured with an interior similar to its 787 fleet. The initial aircraft began operating in August, the airline has disclosed. It has six 777s and plans to reconfigure the cabins of four of them. El Al ...

  • El Al 787-c-El Al

    El Al claims highest second-quarter profit since privatisation


    Israeli flag-carrier El Al has turned in the highest second-quarter pre-tax profit since the company’s privatisation two decades ago. El Al states that it achieved a pre-tax profit of $58.8 million for the three months to 30 June, based on revenues of just under $630 million. The revenue figure rose ...

  • ALAFCO 737 Max-c-Boeing

    ALAFCO progresses with transfer of aircraft portfolio to Macquarie


    Kuwaiti lessor ALAFCO has completed the transfer of nearly half the 53 aircraft it agreed to sell to Macquarie Airfinance Group. ALAFCO states that 24 aircraft had been sold through moving to the buyer the lessor’s interests in special-purpose companies holding the airframes. Sale of these aircraft has generated net ...

  • Oman Air 787-c-Oman Air

    Oman Air points to integration with SalamAir under restructuring initiative


    Oman Air has indicated that closer ties with SalamAir are likely under a restructuring plan outlined by the flag-carrier’s chairman. The restructuring is intended to resolve continuing losses and mounting debts which have burdened the carrier since the Omani government withdrew from Bahrain-based Gulf Air in 2007 to concentrate on ...

  • Jazeera A320neo-c-Jazeera Airways

    Expanding Jazeera Airways turns in profitable first half


    Kuwaiti budget carrier Jazeera Airways is fitting lightweight seats to its expanding fleet, and intends to open additional routes before the end of this year. Jazeera turned in a KD6.27 million ($20.4 million) net profit for the first half. Although this was some 15% down on last year’s interim, the ...

  • IATA AGM 2023

    How agile Air Serbia is finding a profitable growth path


    When it comes to examples of airlines exiting the Covid-19 crisis as bigger, more confident operations, Air Serbia is a compelling case, even as it grapples with the capacity constraints that are being felt across the industry.

  • Israir A320 title-c-Israir

    Israeli operator Israir to introduce another pair of A320s


    Israir Group’s board has approved the introduction of another pair of Airbus A320s to develop the Israeli operator’s fleet. The two aircraft will be dry-leased and arrive in 2024, according to the company, if an agreement is finalised. Israir Group says the decision is part of a management plan to ...

  • Qatar Typhoon

    Qatar’s Typhoon deliveries reach half-way point, BAE says


    BAE Systems has reached the mid-way point in its delivery of 24 Eurofighter Typhoons to Doha, with 12 examples now having been handed over to the Qatar Emiri Air Force.

  • Con Korfiatis - Flyadeal

    How Flyadeal set early pace in Saudi growth story


    While the arrival of new entrants is grabbing headlines this year as part of Saudi Arabia’s ambitious plans to create a new global aviation hub and triple passenger numbers by 2030, growth has been part of the story since day one for Flyadeal and its chief executive Con Korfiatis.

  • Etihad 787-c-Etihad Airways

    Etihad Airways unveils new route to US gateway


    Middle Eastern carrier Etihad Airways is to open another US route, with services to Boston from spring next year. The Abu Dhabi-based carrier says the connection will take the number of US cities it serves to four. Etihad already operates to New York, Chicago and Washington, and also flies to ...