Middle East – Page 12
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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 ...
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NewsALAFCO 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 ...
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NewsOman 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 ...
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NewsExpanding 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 ...
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InterviewHow 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.
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NewsIsraeli 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 ...
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NewsQatar’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.