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...
Business
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...
Business
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
Business
dnata of Dubai to invest $233m in Amsterdam Airport
dnata, the global air and travel services provider, will invest more than $223.22 million in a fully automated cargo center...
- dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata
- It will enable dnata and its customers to substantially expand operations and business, stimulating local economy and trade
Business
SACC picks board heads
It has also formed several panels that will function for three years.
- The SACC has said Mohammed Abdulaziz Al Sarhan, an independent member, has been appointed chairman of the Board of Directors
- It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the Vice-Chairman of the board
Analysis
5G fears: US airports land into trouble
In the United States, the 5G usage near airports have been opposed by many airlines, which claim that it may...
- Canada adopts C-band technology, same as the US, but typically restricts hazardous signals near airports.
- Several Arab countries have already embraced 5G, and others will follow once they reap the financial benefits of selling licenses to telecom companies.
Science
Green hydrogen planes will only limit CO2 emissions: Study
If all aircraft started using green hydrogen on eligible routes, it would 'reduce aviation's carbon emissions by 31 percent in...
- The aviation industry hopes that hydrogen planes can be use for decarbonisation
- Airbus has targeted 2035 to bring hydrogen passenger aircraft to the market
Business
Boeing makes $450m air-taxi bet
The investment is in Wisk, which looks to make autonomous air taxis.
- Boeing has added $450 million to a venture that aims to commercialize autonomous electric air taxis
- Wisk envisions some 14 million annual flights serving more than 40 million people in five years
Business
Qatar Airways counters Airbus order cancellation with A350 video
The move came within mere hours of Airbus cancelling an order of 50 of its A321neo aircraft, which it was...
- The order was estimated to be worth $6 billion based on Airbus’ catalog price
- However, but airlines are known to get better deals from plane-makers
Business
Airbus cancels Qatar Airways plane order as feud deepens
The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.
- Airbus has cancelled an order of 50 A321neo planes from Qatar Airways, one of its major customers
- This is in response to the airline grounding several of its A350 aircraft due to an issue with fuselage surfaces
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...
Business
Company News
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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.