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
Saudi Arabia’s PIF to buy 10 percent stake in London’s Heathrow airport
Saudi Arabia's sovereign wealth fund is to buy 10 percent of London's Heathrow airport from Spanish infrastructure giant Ferrovial, whose...
Business
Business
Saudi Arabia to accept IATA Travel Pass from Sept 30
Saudi Arabia’s General Authority of Civil Aviation has accepted the pass as a valid way of confirming Covid-19 test.
- Eventually this acceptance will be expanded to vaccine certification
- Travelers to and from Saudi Arabia will soon have the choice of using either the Pass or the national health app
Teenage pilot takes off on solo round-the-world record bid
The intrepid 19-year-old Zara Rutherford dreams one day of becoming an astronaut
- The intrepid 19-year-old Zara Rutherford dreams one day of becoming an astronaut
- The first leg was a short hop across the Channel from her Belgian hometown of Kortrijk to England
Analysis
GCC airlines may continue to fly into losses
In 2020, airlines lost around $370 billion globally, while airports and air navigation services providers lost $115 billion and $13...
- The regional carriers will benefit from rapid vaccination rates on home markets
- Net losses of the airlines in all regions are expected to come down in 2021
Business
Qatar Airways forced to ground 13 Airbus aircraft over surface issue
The Qatar Civil Aviation Authority has asked the airline to take the step due to a faster deterioration of the...
- The aircraft will remain grounded till the root cause can be established and a satisfactory solution made available
- Qatar Airways said in June that it had pulled some of its A350 jets from service until the issue could be understood and fixed
Business
Airlines suffer $126.4bn loss amidst Covid-19
Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to...
- IATA said passenger numbers were down 60 percent year-on-year
- The Middle East was the worst impacted, with a 67.6 percent fall in passenger numbers compared to Asia-Pacific, the least impacted with a decrease of 53.4 percent
Jordanian flight, with 133 passengers on board, ‘forced’ to make landing
The airline, without disclosing the reason for early landing of the aircraft, said all the passengers and six crew members...
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
Company News
AirAsia branch in Cambodia soon
Business
Latest News
SAS reports deeper losses
Business
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,...
Geostrategy
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...
Business
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Geostrategy
Syria’s Aleppo airport operational after Israeli air attack
DAMASCUS, SYRIA - Syria's Aleppo airport, a key conduit for relief flights after the devastating February earthquake, reopened on Friday, an...
- The damage caused by the raid forced aid deliveries and all flights to be diverted to Latakia and Damascus airports, the transport ministry had said.
- Israeli warplanes killed three people in the raid on the airport in Aleppo, Syria's second city, the Syrian Observatory for Human Rights war monitor had said.
Economy
Dubai airport arrivals double in 2022 as more Russians pour in
The UAE has maintained a neutral stance towards Russia's war in Ukraine, which is nearing its one-year anniversary. The Gulf...
- The airport "welcomed a total of 66,069,981 passengers during 2022", representing year-on-year growth of 127 percent.
- In 2021, around 29.1 million passengers passed through Dubai, and the authorities had expected 57 million visitors for the year 2022.
Business
Air Arabia 2022 net profit $326m
FY'22 turnover rose to $1.4 billion, up 65 percent YoY.
- The average seat load factor – or passengers carried as a percentage of available seats – for the full year stood at a high 80 percent.
- Air Arabia’s Board of Directors proposed a dividend distribution of 15 percent of share capital, which is equivalent to 15 fils per share.