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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.

Iraqi Airways receives its first A220-300 aircraft

A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in...
  • A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in economy class
  • As of the end of November 2021, over 180 A220s had been delivered to 13 operators, from Asia, North America, Europe, Africa and the Middle East

Leaked memo says rusty Qantas pilots making errors: report

Qantas recognised very early that it needed to reassess pilots' recent and current flight time requirements as well as its...
  • Among the errors listed in Qantas pilot reports: starting take-off with the parking brake on and misreading the altitude as airspeed
  • The memo by Qantas' fleet operations chiefs reportedly said the Covid-19 related disruption to flights meant pilots had less recent flight experience

Emirates declared safest airline globally by Hamburg-based JACDEC

The Hamburg-based Jet Airliner Crash Data Evaluation Centre (JACDEC) has again named Emirates Airline as the world’s safest airline in...
  • With a risk index of 95.05 per cent, Emirates beat its nearest rivals KLM (93.31 per cent), JetBlue (91.61), Delta (91.55) and easyJet (91.28) among the 25 airlines surveyed.
  • In Europe, KLM (93.31) took first place, ahead of Finnair (93.16), Air Europa (93.12), Transavia (92.83), easyJet (91.28) and Norwegian (90.95).

On 40th anniversary, Abu Dhabi Airport vows improved services

Abu Dhabi Airports marked the 40th anniversary of the inauguration of Abu Dhabi International Airport (AUH) on Sunday, local media...
  • The Airport was inaugurated on 2nd January 1982, with Etihad becoming the national carrier and the home airline in 2003.
  • AUH launched the Smart Travel System in 2016, the first of its kind in the region, to ease passenger processing and experience.

US further delays 5G rollout to study impact on aircraft safety

US authorities have asked telecom operators AT&T and Verizon to delay their 5G rollout for up to two weeks. The...
  • The US rollout of the high-speed mobile broadband technology had been set for December 5
  • However, it was delayed to January 5 after Airbus and Boeing raised concerns about potential interference with altitude devices

Etihad signs China deal

The airline will work with the Henan Province Airport Group.
  • The virtual MoU was signed during the virtual Zhengzhou Week event at the China Pavilion at Expo 2020 Dubai
  • It is said to contain plans for Etihad’s potential operation of regular cargo services between Abu Dhabi and Zhengzhou

Omicron hits Christmas weekend travel: Over 6,000 flights scrapped

More than 6,000 flights have been canceled worldwide over the long Christmas weekend and thousands more were delayed, a tracking...
  • Pilots, flight attendants, and other employees have been calling in sick or having to quarantine after exposure to Covid-19
  • A scramble to reroute pilots and planes and reassign employees was underway, but Omicron's surge has upended business

ADQ taps Etihad for services

The terms of the transaction were not disclosed.
  • As part of the transaction, several of Etihad airline-support businesses will become part of a new ADQ aviation firm
  • The move is expected to support the ongoing transformation of Etihad and the growth of civil aviation in Abu Dhabi

Covid-19 rules shuttering Hong Kong aviation: Qatar Airways chief

Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned...
  • Qatar Airways CEO Akbar Al Baker took issue with a border-control rule that temporarily bans airlines that have brought in infected passengers
  • Last month, British Airways announced it was suspending Hong Kong flights after crew members were required to quarantine following a positive Covid-19 test among the staff

QA arm expands Gulfstream fleet

Qatar Executive is a business-jet subsidiary of Qatar Airways.
  • Qatar Executive is a business-jet subsidiary of Qatar Airways
  • It now has a total of 11 Gulfstream G650ER aircraft in its fleet

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...

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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...

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,...

easyJet H1 loss $382m

Aviation sector is flying high after a tumultuous period

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Airbus Q1 net profit at $514m

The company delivered 127 aircraft in Q1 of 2023.
  • Revenues generated by Airbus' commercial aircraft activities decreased by five percent year-on-year.
  • The company's defense and space unit saw revenues drop by six percent, while the helicopter unit jumped by 26 percent.

Over 3.8m passengers transit through Sharjah Airport in Q1 of 2023

SHARJAH, UAE -  Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...
  • The aircraft movement in Q1 of 2023 rose by 9.02 per cent, with 23,261 flights compared to 21,336 flights during the same period in 2022.
  • There have been continued efforts by Sharjah Airport Authority to increase passenger numbers and aircraft movements.

American Q1 profit at $10m

The airline's revenues were $12.2 billion, up 37 percent.
  • The strong first-quarter results will enable American to make profit-sharing payments to employees for the first time in three years.
  • With higher debt levels than rivals, American said it is around 60 percent through its goal of reducing debt by $15 billion by the end of 2025.