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Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

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

UAE signs air transport MoU with Colombia

The UAE’s General Civil Aviation Authority represented the country in the signing of the deal.
  • This MoU is expected to enhance the air connectivity between the two countries
  • It will let the national carriers of both countries initiate the operation of scheduled passenger and all-cargo flights

Qatar Airways stops Africa flights

It has stopped flights to South Africa, Zimbabwe, and Mozambique.
  • The cities affected are Johannesburg, Cape Town, Durban, Harare, and Maputo
  • The restriction on travelers and flights will reportedly remain same until further notice from the WHO

dnata expands to Africa

It has set up operations in Zanzibar with $7m investment.
  • dnata has signed an agreement for the operations of the newly international terminal of the Zanzibar Abeid Amani Karume International Airport
  • It has said it will also create 400 new jobs at the airport

RAF claims world first flight using synthetic oil

Group Captain Peter Hackett completed a short flight in an Ikarus C42 microlight aircraft at an airfield in Gloucestershire, western...
  • Britain's ministry of defense said it had the potential to save 80-90 percent of carbon per flight.
  • The RAF is planning its first airbase to be net zero by 2025 and be carbon neutral across the service by 2040.

Airbus predicts 3,020 ME orders

Airbus says the Middle East will need more than 3,000 aircraft by 2040.
  • It made the prediction in its 2021 Airbus Global Market Forecast or GMF
  • According to the forecast, the Middle-East region will need 3,020 new passenger and freight aircraft deliveries by 2040

Gulf Air boosts frequencies

Passenger numbers have grown ahead of the holiday season.
  • Bahrain’s national carrier Gulf Air has boosted frequencies to popular destinations
  • This is said to be in line with increasing demand for air travel and relaxed travel restrictions in many countries

Air France inks Dubai deals

It has signed sustainable aviation fuel deals with Dubai firms.
  • A high-level Air France delegation held strategic meetings with aviation leaders based in Dubai at Expo 2020
  • The networking event was organized in partnership with the lille3000 association and sponsored by Clarins

Etihad raises first ESG loan in global aviation

Etihad Airways has raised $1.2 billion in what is the first sustainability-linked loan tied to ESG targets in global aviation.
  • Etihad selected HSBC and First Abu Dhabi Bank as the strategic partners and financiers for this transaction
  • The two acted as Joint ESG Structuring Banks, Joint ESG Coordinators, Joint Bookrunner and Mandated Lead Arranger

Emirates and Qantas extend partnership

Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations.
  • For Emirates customers, the deal provides access to over 55 Australian destinations to where Emirates does not fly
  • Qantas customers are able to fly on Emirates to Dubai and access over 50 cities in Europe, the Middle East and North Africa, to where Qantas does not fly

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...

Company News

Latest News

easyJet H1 loss $382m

Aviation sector is flying high after a tumultuous period

Emirates Group yearly profit $3bn

The group declared a dividend of $1.2 billion to its owner.

Airbus Q1 net profit at $514m

The company delivered 127 aircraft in Q1 of 2023.

Most Read

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.

Air France, Airbus acquitted over 2009 Rio-Paris crash

PARIS, FRANCE -  Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after...
  • The two companies went on trial in October to determine their responsibility for the worst aviation disaster in Air France's history.
  • If convicted, Air France, Airbus would have risked a fine of US$250,000 as well as significant reputational damage.

Saudi plane hit by gunfire in Sudan unrest, says airline

A passenger plane preparing to take off from Sudan for Saudi Arabia came under fire as deadly fighting rocked Khartoum,...
  • Clashes broke out between Sudan's army and paramilitaries, and the doctors' union reported three civilian deaths, including at Khartoum's airport.
  • Both the Saudi foreign ministry and the Gulf Cooperation Council, headquartered in Riyadh, issued statements of concern about the violence.