Middle East – Page 15
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NewsNew lessor AviLease reaches sustainable fuel tie-up with Saudi firm
Newly-established Saudi Arabian lessor AviLease has reached a provisional agreement for production and distribution of sustainable fuel in the kingdom. AviLease emerged in the middle of last year, part of a Saudi government initiative to broaden its air transport reach. The lessor says it has signed a memorandum of understanding ...
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In depthAirline Business Covid-19 recovery tracker: January 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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News‘Wi-fi in the sky’: the USAF expands E-11 fleet
The service is building a second squadron of Bombardier E-11 Global Express jets, officially known as the Battlefield Airborne Communications Node.
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NewsUnited and Emirates file codeshare request with US government
United Airlines and Emirates Airline have applied to the US Department of Transportation (DOT) for approval to put their airline codes on each other’s flights as per an agreement the two carriers reached last year.
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NewsEmirates starts returning reconfigured A380s to service
Middle Eastern carrier Emirates has returned to service the first Airbus A380 to undergo an extensive interior retrofit, which will be applied to 67 of the type. The initial airframe (A6-EVM) has been re-introduced to the route from Dubai to London Heathrow. Emirates says the aircraft has been “completely refurbished” ...
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NewsUncertainty remains over ALAFCO fleet as shareholders back asset sale to Macquarie
Shareholders of Kuwaiti lessor ALAFCO have backed a proposal to sell over 50 aircraft from the company’s portfolio to Macquarie Airfinance Group, as the lessor acknowledges that it could ultimately divest more. The shareholder meeting on 27 December resulted in nearly 88% of interests voting in favour of the transaction, ...
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NewsIsrair reaches binding deal to sell ATRs to foreign carrier
Israeli operator Israir has signed a binding agreement to sell a pair of ATR 72-500s, which will leave it with an all-Airbus A320 fleet. The carrier says it sealed the agreement on 29 December, adding that they will be transferred to a “foreign airline”, without elaborating on its identity. Israir ...
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NewsEl Al finance chief stepping down after two years
Israeli flag-carrier El Al’s chief financial officer, Yitzhak Eliav, is to step down from his position by the end of the first quarter of 2023. Eliav was named as the head of the airline’s finances in January last year. He formerly held senior executive positions at fabric specialist Avgol Industries ...
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AnalysisWhich airlines welcomed new aircraft types into their fleets during 2022?
A selection of the aircraft deliveries over the past 12 months that saw airlines welcome new types or variants into their fleets
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NewsletterTracking a strong end to 2022
The first set of data from The Airline Business 38 reflects the strong recovery being seen in markets around the world.
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In depthAirline Business performance tracker: rest of world Q3 2022
Key data from the most-recent earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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In depthAirline Business performance tracker: key data indicators from around the world
The Airline Business perfromance tracker features key data indicators from dozens of airlines around the world, drawing metrics from the most recent earnings season and comparing the figures with equivalent periods back to 2019.
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NewsKuwait Airways slashed losses for 2021 but deficit remains heavy
Kuwait Airways’ parent company has disclosed a full-year loss of KD104.8 million ($342 million) for 2021, although this figure is less than half the previous deficit. It generated revenues of KD196 million including nearly KD178 million in passenger and cargo revenues for the year. Kuwait Airways’ employee costs fell by ...
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NewsAirbus and Qatari regulator set for crucial meeting over A350 grounding
Airbus and Qatar Airways are set to participate in a crucial meeting with civil aviation regulators next month, at a crucial session intended to explore issues relating to the controversial grounding of the carrier’s A350s. The meeting, scheduled for 11 January in Doha, is likely to be a focal point ...
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NewsEl Al offers to take additional 787-9 originally built for another customer
Israeli flag-carrier El Al has formally put forward an offer to purchase another Boeing 787-9, an aircraft which was originally manufactured for another customer. The airline has 15 787s in its fleet and already intends to take another – a delivery deferred during the pandemic – to complete its original ...
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NewsAirbus convinces judge to split trial in Qatar A350 dispute
Airbus has secured a split trial in its legal clash with Qatar Airways over the skin-paint deterioration issue with the airline’s A350 fleet. The two sides met in court on 16 December for the latest case-management conference. Airbus had previously warned that the trial – set for June next year ...
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NewsEl Al’s main shareholder looks to swap debt for equity
Israeli flag-carrier El Al’s primary shareholder is seeking to conduct a debt-for-equity swap involving a loan to the airline. Kanfei Nesharim holds 39% of the El Al share capital – and 54% on a fully-diluted basis – according to the company’s third-quarter financial statement. El Al says its board of ...
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NewsEtihad recruits another ex-TAP executive as chief financial officer
Etihad Airways has named another former TAP Portugal executive, Raffael Quintas, as chief financial officer, just weeks after appointing TAP’s ex-chief, Antonoaldo Neves, to lead the airline. Quintas became TAP’s finance chief in 2018 having previously worked as treasurer of Brazilian carrier Azul. His career has also included strategic roles ...
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In depthAirline Business Covid-19 recovery tracker: December 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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NewsStar Alliance chief Goh set to head Gulf Air holding company
Star Alliance chief Jeffrey Goh is to take up a position heading the Middle East’s Gulf Air Group Holding, which oversees Gulf Air and its associated companies. Goh will become the chief of the Bahraini group from 1 January. He had indicated earlier this year that he planned to step ...