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Aviation

Honda shares soar 16%

The surge came after the auto giant announced a $7bn buyback.

Mubadala acquires stakes from GHH

It acquired an 80 percent stake in Global Medical Supply Chain.

ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Boeing shares dive on $1.2bn loss

The company is set for recovery in 2022-23, said analysts.
  • Boeing shares finished 7.5 percent lower at $154.46, beyond the expectations of analysts as the firm is delaying release of its 777X model
  • Boeing will lift production of 737 MAX in next quarter of this year as it has reported a jump in the plane deliveries during the first quarter

Etihad Engineering partners with Touchdown Aviation for aircraft parts

Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high...
  • Etihad Engineering has successfully completed maintenance projects over the years for airlines from all over the world.
  • The company's state-of-the-art 500,000 sqm facility is located in Abu Dhabi, adjacent to Abu Dhabi International Airport.

EU passengers can claim compensation for delays even outside Europe

EU travelers who book flights through a European airline can claim compensation in the event of a major delay of...
  • The European Court of Justice said that the entirety of a journey that was subject to a single reservation fell under the EU's rules on flight delays.
  • The court was hearing a case that involved a journey booked through German carrier Lufthansa for three passengers from Brussels to San Jose in California.

JetBlue makes $3.6bn bid for Spirit Airlines, upstaging Frontier deal

JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier...
  • The all-cash bid of $33 a share marks a 52 percent premium of Spirit's price prior to its February 7 announcement of the deal with Frontier
  • Frontier opposed JetBlue announcement and said its proposed merger with Spirit remained "in the best interest of consumers and shareholders

A jet with 132 people on board crashes in China

A China Eastern passenger jet carrying 132 people crashed in southern China on Monday, aviation authorities said, with state media...
  • The Boeing 737 flight from Kunming city to the southern hub of Guangzhou "lost airborne contact over Wuzhou" city in the Guangxi region
  • One villager told a local news site that the plane involved in the crash had "completely fallen apart"

Saudi ratifies protocols on Convention on International Civil Aviation amendments

The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to...
  • The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to 40 members
  • The second protocol provides for raising the number of members of the Air Navigation Commission from 19 to 21 members

GCC airfares soar as oil prices rise

The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.
  • Several Arab airlines have decided to raise the prices of their tickets slightly
  • Kuwait’s Jazeera Airways increased fares to all destinations from March 7

Emirates to launch daily flights to Israel from June 23

Emirates will offer multiple daily and weekly flights throughout Australia, India, Philippines, Thailand and South Africa, many of which are...
  • Emirates will operate its three-class Boeing 777-300ER on the route, featuring eight private suites in First Class.
  • The new service to Tel Aviv will also provide 20 tonnes of cargo capacity on each flight, providing channels for Israeli businesses.

Qatar signs air services agreement with Jordan

The agreement is said to have been formally signed in Qatar’s capital city Doha.
  • The Acting Chairman of Qatar’s General Authority of Civil Aviation, Mohammed Al-Hajri, inked the deal for his country
  • Jordan’s Civil Aviation Regulatory Commission CEO Haitham Misto signed the agreement on behalf of his country

Airlines want end to Covid restrictions for EU flights

Most countries in the EU are beginning to relax requirements to present proof of vaccination and wear masks.
  • ACI Europe represents some 500 airports in the region plus IATA, which is the top trade association for airlines
  • It noted that numerous countries were now dropping requirements to wear masks or present proof of vaccination

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...

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Abu Dhabi to unveil one of world’s biggest airport terminal

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi...

Kuwait Airport expects 13% rise in passenger numbers, says DGCA

KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...

Agility posts Q2 earnings of $46m

Net profit was affected by higher interest rate.

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Saudia raises seat capacity by 10%

The number of domestic, international flights will rise.
  • This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
  • Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.

Airlines face trouble in Europe over greenwashing charges

PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17...
  • The European Consumer Organization, or BEUC, said the claims made by the airlines breach EU rules on unfair commercial practices.
  • The BEUC called for a Europe-wide investigation and for airlines to "stop making claims that give consumers the impression that flying is sustainable".

NEOM and Volocopter conduct successful flight trials of air taxis

Riyadh, Saudi Arabia -- NEOM and Volocopter have announced a series of successful flight trials of electric vertical vehicles (eVTOL),...
  • The project is the result of an 18-month partnership between NEOM, the General Civil Aviation Authority (GCAA), and Volocopter.
  • The flight trials mark the first ever testing of an electric and zero-emission urban air mobility (UAM) system in Kingdom's futuristic city.