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ADNOC L&S H1 net profit $420m

The company’s revenue reached $2.43bn

SEC H1 net profit $1.67bn

Revenue grew by 24% to $7.38 billion.

DEWA profit after tax $789m

It will pay $843m in H1 dividend.

IHC H1 net profit $2.94 billion

The company posted 31% increase in revenue.

ADNOC Gas signs LNG deal

Will supply 0.5mmtpa of LNG to India's HPCL.

Malaysia Airlines to acquire 20 planes

The A330neo Airbus is powered by Rolls-Royce Trent 7000 engines. (AFP)
By TRENDS Desk AFP
August 15, 2022 8:22 pm
  • The plane was worth $296.4 million according to the last published catalogue prices in 2018.
  • The A330neo will gradually replace 21 older-generation A330neo planes in the Malaysia Airlines fleet.

Malaysia Airlines has agreed to acquire 20 Airbus A330neo planes to update its fleet of widebody jets, the European aircraft-maker said Monday.

Under the deal, the southeast Asian airline will buy 10 planes from Airbus and lease the 10 others from Avolon, a Dublin-based aircraft leasing company.

No figures were released for the transaction, but the plane was worth $296.4 million according to the last published catalogue prices in 2018.

Airlines usually pay less than the listed prices. The more fuel-efficient A330neo will gradually replace 21 older-generation A330ceo planes in the Malaysia Airlines fleet.

The A330neo is powered by Rolls-Royce Trent 7000 engines.

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