Etihad starts network rebuild after ‘enormous challenges’ thwart early 2020 gains
Etihad’s strong start to 2020 was thwarted by the coronavirus pandemic as it now plots the reactivation of its network amid a further drive to reduce costs.
Trump administration’s relaxation of UAV export rules offers belated boon for US manufacturers
The Trump administration’s decision to modify its adherence to the Missile Technology Control Regime (MTCR) is positive for American manufacturers of large unmanned air vehicles (UAVs), but comes after much ground has already been ceded to China.
El Al seeks approval to raise capital as pilots object to cost-saving pact
El Al has called a shareholders’ meeting for 18 August in order to seek approval to raise the company’s registered share capital.
El Al must issue shares before state will back loan
Israeli flag-carrier El Al must carry out a planned $150 million share issue by the end of August, before the country’s government will back a $250 million bank loan.
Wizz Air chief predicts 100-aircraft Abu Dhabi operation
Wizz Air Abu Dhabi can mimic the fleet growth seen at the carrier’s European operation and reach 100 aircraft in 15 years’ time, according chief executive Jozsef Varadi.
Qatar Airways’ parent pursues $5bn in compensation over blockade
Qatar Airways’ parent group is seeking $5 billion in compensation against the four Arab states which imposed a blockade on the airline three years ago.
Lockheed Martin to sell 40% stake in AMMROC to Abu Dhabi’s Edge
Lockheed Martin plans to sell its 40% stake in Advanced Military Maintenance Repair and Overhaul Center (AMMROC) to state-owned Edge of the United Arab Emirates.
Qatar Executive launches bespoke VIP charter programme
Qatar Executive has launched a bespoke, flexible charter programme which it hopes will boost the appeal of its luxury business aircraft fleet as the market for VIP travel emerges after months of lockdown.
Investor offers $75m for 45% share in struggling El Al
Israeli flag-carrier El Al has received an offer from an investor who is prepared to acquire a private allotment of shares worth $75 million.
Iran transfers recorders of shot-down 737 to French investigators
Iranian investigators have arrived at the facility of French accident analysis bureau BEA with the flight recorders from the Boeing 737-800 shot down over Tehran in January.