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
Eve Air Mobility, flynas ink MoU
The firms will explore starting eVTOL services in Saudi Arabia.
Business
Geostrategy
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
Business
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
Business
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
Science
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.
Business
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
Business
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
Business
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
Business
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
Business
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
Economy
Expert at AVSEC symposium: Need to rethink security approaches
The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts,...
- The three-day event will host 35 speakers and over 700 delegates from more than 50 countries.
- Held since 2013, the symposium is one of the most significant aviation security events in the region and one of the biggest globally.
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
Company News
Air Arabia 2022 net profit $326m
Business
Latest News
Boeing posts Q4 loss of US$634m
Business
Emirates Group yearly profit $3bn
The group declared a dividend of $1.2 billion to its owner.
Business
Over 3.8m passengers transit through Sharjah Airport in Q1 of 2023
SHARJAH, UAE -Â Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...
Business
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Geostrategy
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.
Geostrategy
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.
Business
Lufthansa to sell catering unit
LSG Group is to be sold to private equity group Aurelius.
- The airline giant had already sold LSG's European operations activities to Swiss-based Gategroup in 2019.
- The Lufthansa group was brought to the brink of bankruptcy when the COVID-19 pandemic saw global air travel grind to a halt.