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Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

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

Israel gives financial guarantees for its flights to Russia

Israel was poised Tuesday to extend financial guarantees for its airlines to fly into Russia, raising criticism in Kyiv as...
  • The $2 billion guarantee had been set to expire on March 9
  • A misunderstanding over Israel's continued flights into Russia caused a diplomatic flap

Lufthansa posts net loss of $2.2bn

The German carrier said it cut its losses by two-thirds in 2021.
  • German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
  • It said rising price of fuel would also adversely impact the sector and could reduce the profit

Qatar Airways hits out at Airbus as new jet grounded in paint dispute

Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in...
  • The airline has now grounded 22 of its 53 A350 jets since November 2020, and said it will move ahead with legal action.
  • In retaliation, Airbus has in turn sought to cancel orders made by Qatar Airways for two other A350 jets and 50 A321neo planes.

GCC turbulence mires Airbus rise

Airbus has been mired in controversy despite its best efforts to increase its customer base, across the world in general...
  • Qatar Airways and Airbus have tussled for months over the deterioration of aircraft paint and lightning protection
  • Kuwait plans to announce an agreement to restructure the national airline fleet of Airbus aircraft

QAIA saw passenger traffic grow 161% in January

Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.
  • Aircraft movements grew to 4,630 in January, 127.2 percent up from the same period last year
  • Air freight traffic also reached 4,048 tons in January, 13.6 percent up from the same period in 2021

Iranian jet fighter crashes, three killed, reports state TV

Jet fighter crashed in a residential area of the northwestern city of Tabriz.
  • Jet fighter crashed in a residential area of the northwestern city of Tabriz
  • The head of the local Red Crescent said the jet smashed into a school

Saudi Arabia elected as Head of ICAO’s Regional Aviation Safety Group for Middle East

The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022.
  • The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022
  • The RASG-MID aims to develop an integrated data-driven strategy and implement a work program that supports a regional safety management performance framework

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...

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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.