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...
Business
Airlines expected to carry 4.7 billion passengers in 2024: IATA
"Some 4.7 billion people are expected to travel in 2024, an historic high that exceeds the pre-pandemic level of 4.5...
Business
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
No suspension of flights, says Iraq’s civil aviation authority
"There is no suspension of flights in accordance with the instructions and directives", an official confirmed.
- The Supreme Committee for National Health and Safety issued several decisions, including instructing departing and arriving travelers
- The Aviation Authority will notify the companies of presenting the international vaccination card for departures and arrivals with a (PCR) examination (72) hours before the flight
Business
RAK International Airport is ops base for ActionFlight
The overall deal is expected to help support Ras Al Khaimah’s strategic plans to expand its travel and tourism landscape.
- The collaboration is expected to see RKT become a hub for aerial experiences such as aerobatic flights, skydiving, and hot-air ballooning
- The agreement also means the airport will act as a base for Vertical, ActionFlight’s advanced pilot training program
Business
Air Arabia named the most punctual airline by Moscow Airport in 2021
Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of...
- The Moscow Domodedovo Airport is the largest in Russia with the punctuality competition being held on an annual basis among its partner airlines.
- The Airport evaluated the performance of numerous worldwide partner airlines, based on punctuality - calculated based on flight frequency.
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...
Business
Company News
Airbus Q1 net profit at $514m
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American Q1 profit at $10m
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Lufthansa to sell catering unit
Business
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),...
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....
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...
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Business
Qatar Airways boss skeptical on aviation industry’s 2050 net zero target
DOHA, QATAR -  Qatar Airways' chief executive on Tuesday doused hopes that the aviation industry can become carbon neutral by 2050,...
- Not enough sustainable aviation fuel is being produced, and technological hurdles remain to using hydrogen as a replacement.
- In 2021, the International Air Transport Association's member airlines committed to achieving net zero carbon emissions by 2050.
Business
easyJet H1 loss $382m
Aviation sector is flying high after a tumultuous period
- The carrier added that revenues soared 80 percent to £2.7 billion ($3.36bn) on higher ticket prices and increased capacity.
- Costs, however, leapt 52 percent to £3.1 billion ($3.85bn) on a "significantly" increased jet fuel bill and "industry-wide" inflationary pressures.
Business
Emirates Group yearly profit $3bn
The group declared a dividend of $1.2 billion to its owner.
- The Emirates airline business alone banked $2.9 billion after returning a $1.1 billion loss in the previous financial year.
- The Middle East's biggest airline had posted a $5.5 billion loss for Covid-ravaged 2020-2021, its first in over three decades.