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
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.
Business
GCC airlines fly into losses amidst Covid-19
With $126 billion in losses, airline industry recently confirmed that 2020 was the worst year on record for the struggling...
- The pandemic has forced airlines to lay off staff and seek government bailouts
- 2020 was the worst year on record for the struggling sector
Business
Qatar Airways gets $3bn govt assistance after huge loss
The airline reported an overall loss of $4.1 billion for the year to March 31, double the figure for the...
- The Gulf-based carrier recently reported an underlying operating loss of $228.3 million
- Qatar Airways is the second largest airline in the Middle East after Dubai-based Emirates
Analysis
Gulf aviation sector maintains regional lead
Several airports in the region have announced plans to expand their airports to meet the expected growth in travel demand.
- Experts see up to 40 percent rise in premiums in the next two to three years.
- The total number of passengers traveling through DXB in the first five months of 2021 was around 9.9 million.
Investors to sue Boeing’s Board of Directors for 737 crashes
Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of...
- A Delaware judge observed that while those who died in the crashes were the primary victims, Boeing shareholders were secondary victims
- She has allowed the Board of Directors to be prosecuted on charges that they did not make good-faith decisions about the safety of the aircraft
Chapman Taylor designs Jeddah park
The airport City Central Park is designed as a botanical garden.
- The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport
- It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region
Geostrategy
Qatar team in Kabul for restart of ‘airport operations’
A technical team has landed in Kabul to discuss the resumption of airport operations after the Taliban takeover of Afghanistan,...
- The goal is to resume flights for both humanitarian aid and to provide freedom of movement
- Taliban, according to reports, has 'officially asked Qatar to help with managing the airport as soon as possible'
Business
Qatar gets first batch of Boeing F-15 fighter jets
They were produced by the United States and Boeing in partnership with Qatar itself.
- The rollout took place on Wednesday in a ceremony at Boeing’s headquarters in the US state of Missouri
- Qatar’s Minister of State for Defense Affairs Khalid bin Mohamed Al Attiyah was in attendance
Geostrategy
UAE helps 28,000 flee Afghanistan: official
The UAE and Qatar have been instrumental staging posts for evacuation flights for Western countries' citizens as well as Afghan...
- The UAE and Qatar have been instrumental staging posts for evacuation flights for Western countries' citizens as well as Afghan interpreters, journalists and others
- Of the headline 28,000 to have passed through the Emirates, some 12,000 were evacuated by Britain, and 9,000 by the US
Etihad arm to convert Boeings
Etihad Engineering will provide passenger-to-freighter conversions.
- Etihad Engineering will use its expertise and capabilities for the specialized Boeing 777-300ERSF conversion
- It will initially facilitate two conversion lines to accommodate multiple aircraft conversions per year
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
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Boeing posts Q4 loss of US$634m
Business
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AirAsia branch in Cambodia soon
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...
Business
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...
Geostrategy
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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.
Business
UAE issues license for electric vertical takeoff and landing aircraft
DUBAI, UAE - The UAE Regulations Lab has issued a license for an electric cargo aircraft to promote eco-friendly transportation...
- The license aims at reducing carbon emissions by encouraging the adoption of clean energy and leveraging technology.
- It also aims at using innovation to redefine the logistics sector's future and its impact on the environment and climate.
Business
Saudi to create new airline in pursuit of 100 destinations goal by 2030
The Gulf kingdom is pursuing ambitious aviation goals as part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reform...
- Creation of Riyadh Air is part of a plan to turn Riyadh into a global aviation hub rivalling regional leaders like Dubai and Doha.
- Last November officials announced plans for a new airport in Riyadh spanning 22 square miles, that is set to accommodate 120 million travelers by 2030.