INSEAD Day 4 - 728x90

Aviation

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

AD Ports Group acquires CLI

CLI is Brazilian agri-bulk terminal operator.

$1.59bn Makkah project awarded

A consortium will develop two districts in the Holy City.

2PointZero posts profit surge

Growth driven by merger consolidation.

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

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.
Business

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
Business

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
Business

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).
Business

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.
Science

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
Business

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

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

Latest News

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

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
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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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.
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.