Middle East – Page 11
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NewsAirbus Helicopters cites H175M’s strong market potential on back of customer demos
Airbus Helicopters has begun conducting demonstration flights for potential customers of the H175M, including Saudi Arabia, as it eyes a market for the super-medium-twin beyond the UK.
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In depthAirline Business Covid-19 recovery tracker: September 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.
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In depthRevenues power airlines above 2019 benchmark despite lagging traffic and capacity
The latest Airline Business Index shows the second quarter of this year was marked by soaring revenue and a jump in passenger numbers, as the industry exceeded the 2019 benchmark index score for the first time since the pandemic.
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NewsCourt rejects damages claim over Israeli airlines’ security levy
Israeli flag-carrier El Al, and other operators, have fended off a legal claim for damages over a security levy collected by the airlines as part of their fares. Two class-action claims filed with the central district court – one against El Al and a second against several Israeli airlines – ...
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NewsAbu Dhabi targets early November for Midfield terminal opening
Operations are set to begin at Abu Dhabi International airport’s new Terminal A in “early November”, several years after the facility was first slated to open.
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NewsIsraeli lessor Global Knafaim settles dispute over aborted A330 sale
Israeli lessor Global Knafaim Leasing has reached an agreement in the dispute over an aborted Airbus A330-200 sale, and is aiming to supply the jet to a third party. The company is also separately intending to sell a pair of Airbus A320s. Global Knafaim disclosed in March this year that ...
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NewsIsrael poised to launch flight test phase for Oron surveillance aircraft
Israel’s new Oron intelligence, surveillance and reconnaissance aircraft is advancing towards service introduction, following the recent completion of systems integration work.
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NewsIraqi Airways takes delivery of final A220
Iraqi Airways has completed the introduction of its Airbus A220-300 fleet, with the delivery of its fifth and final firmly-ordered aircraft. The Baghdad-based flag-carrier originally signed a letter of intent for up to 16 of the twinjets in 2013. Five of these would be firm orders and the airline aimed ...
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NewsAmbitious 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 ...
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NewsIsrair 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 ...
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NewsBoeing 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 ...
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NewsOman 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 ...
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NewsMD 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.
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NewsAustralian 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.
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NewsKnafaim 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 ...
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In depthAirline 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.
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NewsDubai 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 ...
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NewsAir 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 – ...
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NewsIsrael’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 ...
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NewsEl 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 ...