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...
Geostrategy
Turkish Airlines to buy 355 planes from Airbus
Istanbul, Turkey - Turkish Airlines said on Friday it has decided to order 355 Airbus aircraft over the coming decade as...
Business
Geostrategy
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
Business
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
Business
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.
Analysis
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
Economy
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
Business
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
Business
Air Arabia profits up 476%
Its profit stood at AED720 million ($196.05 million) in 2021.
- The Sharjah-based carrier said its profit stood at AED720 million ($196.05 million) over the previous year
- This was compared to a net loss of AED192 million ($52.28 million) registered for the full year 2020
Geostrategy
Qatar emir meets Biden in shadow of Ukraine tensions
The move underscores the Qatar’s strategic importance, including in a scramble to shield European allies from potential Russian energy cutoffs.
- US President Joe Biden recognized Qatar's place in the US military's global footprint: It hosts Pentagon's Central Command and a huge airbase
- Biden also announced he was designating Qatar a “major non-NATO ally,” which opens the door to closer military and commercial ties
Business
Boeing sells 34 cargo planes to Qatar Airways
This deal with Qatar Airways should boost Boeing and its latest widebody plane the 777X.
- Qatar Airways also has purchase rights for another 16 777X cargo planes
- It also signed a letter of intent to buy 25 737 MAX planes worth $6.7 billion
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...
Geostrategy
Company News
easyJet H1 loss $382m
Business
Latest News
Airbus Q1 net profit at $514m
Business
American Q1 profit at $10m
Business
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...
Business
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Business
India’s IndiGo places record order for 500 Airbus A320
Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show....
- Airbus boss Guillaume Faury said the signing was "an enormous milestone, to our knowledge and recollection no-one has ever ordered" so many planes at a stroke.
- With an order book now at over 1,300 aircraft, the contract also makes IndiGo Airbus' largest customer for the A320 family.
Business
Turkish Airlines ponders buying 600 planes in two months
ISTANBUL, TURKEY - The chairman of Turkish Airlines said Monday that the company will make a final decision on plans for...
- The airline is in talks with US aircraft maker Boeing and its European rival Airbus to purchase 400 single-aisle planes along with 200 jumbo jets.
- If the purchases involves firm orders, it would be the biggest in the history of civil aviation, beating the 470-plane order by Air India in February.
Business
Airlines to fly 4.35bn passengers this year, says industry group
ISTANBUL, TURKEY - Airlines will fly 4.35 billion passengers this year, close to the 2019 record as the industry bounces back...
- The sector will also be back in the green, with net profits forecast to reach $9.8 billion in 2023.
- The association said that its 2022 losses were half as bad as previously estimated at US$3.6 billion.