Middle East – Page 32
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NewsCourt tells all three Israir bidders to submit new final offers
All three bidders battling to acquire Israeli leisure airline Israir will be given until 28 December to submit a best and final offer, a Tel Aviv district court has ruled. The sale of Israir by its parent IDB has been immersed in controversy after bidders were permitted to submit ...
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Opinion
How might new Covid-19 strains affect the airline industry’s outlook?
The emergence of more infectious strains of Covid-19 and the consequent restrictions placed on travel to and from the UK, Denmark and South Africa could have significant implications for the airline industry’s recovery path.
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In depth
In pictures: The airline industry’s crisis year
A year that began with plenty of reasons for optimism about the industry’s prospects quickly turned into 12 months of unprecedented challenges, dominated by the Covid-19 pandemic
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News
Bondholders back Dimri bid for Israir but rival bemoans shifting deadline
Bondholders of Israir parent IDB have backed the late bid by investor YH Dimri, but the sale process has sparked irritation from a rival bidder. The trustee for the sale, in an update on the bondholder voting, states that the Dimri offer was strongly supported with 97% in favour. ...
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News
Etihad inaugurates Boeing 787-10 used as ecoDemonstrator
The Boeing 787-10 aircraft used for this year’s ecoDemonstrator programme has been inaugurated into Etihad’s fleet.
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In depth
Airline coronavirus recovery tracker: December 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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Analysis
Court urged to bring Israir sale to a conclusion
Lawyers working on the auction process for Israeli leisure carrier Israir have formally requested that a court set a timeframe to bring the sale of the airline to a close. Several bidders have put forward offers for the carrier, which is owned by parent IDB. But while an ...
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News
Investment firm YH Dimri makes play for Israir
Israeli leisure carrier Israir has received another approach from a potential acquirer, YH Dimri Investments, the trustee for the airline’s divestment has disclosed. YH Dimri is a holding firm with interests including construction and real estate. It has submitted a bid for Israir based on a 141 million ...
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News
El Al increases authorised share capital
Shareholders of Israeli flag-carrier El Al have approved an increase in the company’s authorised share capital amounting to 1 billion shekels ($306 million). The increase takes the overall authorised capital to just over 2.5 billion, inclusive of the single special state share held by the Israeli government. Shareholders ...
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News
More airline failures ahead as complacency sets in: Al Baker
Qatar Airways group chief Akbar Al Baker predicts more airline failures are in the horizon, as carriers get complacent about recovery prospects.
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News
Gulf Air appears to cancel long-dormant A220 order
Middle Eastern carrier Gulf Air appears to have cancelled the 10 Airbus A220-100 it ordered nearly a decade ago. Gulf Air had signed for the aircraft in mid-2011, when it was still known as the Bombardier CSeries, two years before its first flight. But doubts over the delivery ...
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News
Emirates receives its first new A380 for 2020
Middle Eastern carrier Emirates has taken delivery of another Airbus A380, the first of three to be introduced by the Dubai-based airline before the end of this year. One of the three aircraft to be delivered will have a configuration which includes Emirates’ premium-economy seating. The latest aircraft ...
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News
BGI leads race for Israir as bidders continue to tweak offers
Prospective bidders for Israir are continuing to tweak proposals, even after the trustee overseeing the sale highlighted a preferred offer, that submitted by BGI Investments. BGI Investments is controlled by a private company, Shai Odem, which is jointly owned by entrepreneurs Rami Levy and Shalom Haim. Israir’s trustee ...
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Opinion
Bubbles, testing, vaccines, quarantines: airlines brace for complicated 2021
There is a high risk that a reduction in the threat posed by Covid-19 might only further expose a messy operating environment for international travel, stymieing the sector’s ability to take advantage of the virus’s reduced prevalence.
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News
Joint bidders interrupt Israir sale with late acquisition offer
Investment bank Wadiah Capital is attempting a belated entry into the contest to acquire Israeli carrier Israir, submitting a joint offer with Australia Aviation Amrock. The companies have put forward a proposal for a joint acquisition through a 51:49 venture in which Wadiah would hold the majority share. ...
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News
Gulf Air to open Tel Aviv link and explore El Al codeshare
Bahraini carrier Gulf Air is to open scheduled to services to the Israeli hub at Tel Aviv, in a further air transport tie-up between the states following normalisation of diplomatic relations. Gulf Air is also set to explore codeshare opportunities with Israeli flag-carrier El Al under a comprehensive memorandum ...
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News
El Al persuades ministry to advance security expenses
Israeli flag-carrier El Al has been granted a degree of financial relief after the government agreed to provide advance payment to the airline for expenditure on security services. El Al says the ministry of finance has agreed to the request for advance payment of $15 million for security expenses ...
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News
Gulf Air and IAI seal maintenance pact after Bahrain-Israel tie-up
Normalisation of diplomatic relations between Bahrain and Israel has led to a new maintenance agreement under which Gulf Air aircraft will undergo line maintenance from Israel Aerospace Industries. IAI states that its Aviation Group will offer a “comprehensive technical response” to all Gulf Air aircraft landing at Tel Aviv’s ...
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News
Doha tests Typhoon pilots in Epic Skies IV deployment
Six Eurofighter Typhoons from a joint UK/Qatar training squadron commenced a two-week exercise in Doha on 29 November.
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News
Emirates wins Decade of Airline Excellence Award for Middle East region
Recipient of the Decade of Airline Excellence Award for the Middle East region, sponsored by Collins Aerospace.
