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.

Emirates to recruit 5,000 crew members in 2024

DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...

Business

15% increase in air traffic at UAE airports during COP28, says GCAA

ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference...

Geostrategy
Business

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
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
Business

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
Business

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
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

Emirates to recruit 5,000 crew members in 2024

DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s. The airline...
Business

Company News

Latest News

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...
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...
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,...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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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.
Business

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.
Business

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.