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.

Air cargo demand up 8.3 percent in November 2023, says IATA

GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...

Airlines expected to carry 4.7 billion passengers in 2024: IATA

"Some 4.7 billion people are expected to travel in 2024, an historic high that exceeds the pre-pandemic level of 4.5...

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

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

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

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

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

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...

Air cargo demand up 8.3 percent in November 2023, says IATA

GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...

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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...

American Q1 profit at $10m

The airline's revenues were $12.2 billion, up 37 percent.

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...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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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.

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.

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.