Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Gulf Air, Texel Air sign MoU

Texel Air is a Bahraini registered airline and maintenance repair organization. (Pic Texel Air)
  • Texel Air is a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013.
  • It is dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.

Bahrain’s national carrier Gulf Air has signed a Memorandum of Understanding (MoU) with Texel Air to explore various cooperation opportunities including charter agreements, engineering and maintenance activities.

Gulf Air, according to media reports, said it was delighted to cooperate with Texel Air, a Bahraini registered airline and maintenance repair organization (MRO) formed in 2013, dedicated to providing third party cargo charter operations to a wide range of customers with diverse requirements.

Texel Air fills a niche market for specialized ad-hoc cargo requirements, provides resourceful solutions while meeting tight deadlines with uncompromising levels of customer service, Gulf Air said in a statement.

Captain Waleed AlAlawi, Gulf Air Acting Chief Executive Officer, said, “We are always looking to discover ways to enhance our commercial partnerships, and to get involved in every related sector of the aviation industry.”