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Aviation

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Air Arabia shareholders approve 20% dividend for FY2023

SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...

Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO

DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
  • Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
  • Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.
  • The company in its financial results said that the airline's turnover for 2023 reached US$1.6 billion
  • Air Arabia’s Board of Directors proposed a dividend distribution of 20 percent of share capital,

DAE, Turkish Airlines ink pact

Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.
  • The aircraft are scheduled to be delivered in 2025.
  • DAE owns and manages 96 737 MAX family aircraft.

Boeing faces heat over quality control after Alaska Airlines fiasco

The Alaska Airlines episode represents the most serious operational problem for Boeing since two crashes on 737 MAX 8 planes...
  • "The quality assurance issues we have seen are unacceptable," said Michael Whitaker, head of the Federal Aviation Administration
  • The agency has vowed "more boots on the ground" for a comprehensive investigation of Boeing and contractor Spirit AeroSystems

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...
  • Flynas had the fewest complaints among airlines, 42 per 100,000 travelers and a complaint resolution rate of 100 percent.
  • SAUDIA Airlines came second, with 61 complaints per 100,000 travelers and a resolution rate of 99 percent.

Emirates to recruit 5,000 crew members in 2024

DUBAI, UAE â€“ Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...
  • The airline is inviting fresh graduates with internships or part-time jobs on their résumés.
  • It is inviting individuals keen to embark on an exciting career travelling the globe. .

India finds apparent wreckage from 2016 military plane crash

New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...
  • Russian-built Antonov An-32 was carrying service personnel and six crew members during a routine courier service to Andaman and Nicobar Islands in 2016.
  • An IAF source told AFP in 2016 that radar data from the missing aircraft showed it making a sharp left turn before rapidly losing altitude.

Air cargo demand up 8.3 percent in November 2023, says IATA

GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...
  • This reflects a fourth consecutive month of strengthening demand for air cargo.
  • Most of the capacity growth continues to be attributable to the rise in belly capacity.

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.

flynas flies over 11m passengers in 2023, up 28 percent from 2022

RIYADH, SAUDI ARABIA – flynas reported record results for its performance in 2023 compared to the previous year 2022, with...
  • The low-cost carrier has taken delivery of 19 new aircraft during 2023, upscaling fleet size to 64, a rise of over 35 percent.
  • flynas launched 57 new destinations and increased seat capacity by 22 percent for domestic and international flights in 2023.

What is flight turbulence and why does it happen?

Washington, United States - Airplane turbulence, which led to the death of a passenger on a Singapore Airlines flight on Tuesday,...

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Iranian jet fighter crashes, three killed, reports state TV

Jet fighter crashed in a residential area of the northwestern city of Tabriz.

DAE, Turkish Airlines ink pact

Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.

Boeing faces heat over quality control after Alaska Airlines fiasco

The Alaska Airlines episode represents the most serious operational problem for Boeing since two crashes on 737 MAX 8 planes...

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...

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India finds apparent wreckage from 2016 military plane crash

New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...
  • Russian-built Antonov An-32 was carrying service personnel and six crew members during a routine courier service to Andaman and Nicobar Islands in 2016.
  • An IAF source told AFP in 2016 that radar data from the missing aircraft showed it making a sharp left turn before rapidly losing altitude.

Air cargo demand up 8.3 percent in November 2023, says IATA

GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...
  • This reflects a fourth consecutive month of strengthening demand for air cargo.
  • Most of the capacity growth continues to be attributable to the rise in belly capacity.

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.