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.

Dubai plans bigger airport as passenger traffic continues to increase

"Once we've reached about 120 million (passengers a year), which is what we think our total capacity at DXB (Dubai...
  • Dubai Airports CEO Paul Griffiths said designs were being drawn up for Al Maktoum International Airport, which will be built on the city's outskirts
  • Third-quarter traffic was 22.9 million, the highest since 2019, taking 2023 numbers so far to 64.5 million, nearly 40 percent higher than the same period in 2022.

US$3.2bn worth deals signed on first two days of Dubai Airshow 2023

DUBAI, UAE – Tawazun Council announced the signing of 11 deals, worth US$1.8 billion (AED 6.9 billion), with local and...
  • The biggest contract- worth US$898 million was awarded to a company to procure an air defense system.
  • The second largest local contract, worth US$200 million was signed for aircraft maintenance services.

Turkish Airlines explore options of buying 355 Airbus jets

Istanbul, Turkey - Turkish Airlines, the country's flag carrier, confirmed on Monday that it was in talks with Airbus to buy...
  • The airline said that negotiations are held with Airbus regarding the purchase of a total of 355 aircraft.
  • In September, Turkish Airlines revealed plans to purchase 10 additional Airbus A350-900 aircraft

Emirates, flydubai among Boeing’s big customers at Dubai Airshow

Emirates, the Middle East's biggest airline, made the largest purchase with its $52 billion order for 55 Boeing 777-9s, 35...
  • Budget carrier flydubai, owned by the Dubai government, ordered 30 Boeing 787-9s valued at $63 billion -- its first wide-bodied, or large-capacity planes as it plans to expand.
  • Last week Emirates Group announced record half-year net profits of $2.7 billion, up 138 percent from a year earlier, driven by strong demand.

Dubai Airshow 2023 to see 1,400 exhibitors from 95 countries

DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense...
  • More than 1,400 exhibitors from 95 countries and over 300 international speakers will gather at the at Dubai World Central.
  • Dubai Airshow 2023 is also set to welcome leading and new airlines from across the globe, ready to showcase new concepts to the industry.

Lufthansa Q3 profit $1.3bn

38 million passengers travelled with the group's airlines in the third quarter.
  • The group said sales rose by eight percent to 10.3 billion euros, delivering "the strongest quarter in its history in revenue terms".
  • The surge in profit is driven by "strong demand, higher capacity" and more expensive ticket prices, the aviation firm said.

Saudi civil aviation authority announces economic policy of sector

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) has announced the economic policy of the civil aviation...
  • The economic policy aims to increase the operational performance of the Kingdom's airports and improve the performance of national carriers.
  • This is to help change the Kingdom into a global destination for transport and shipping services by providing infrastructure attractive to foreign investment.

Saudia records 50 percent growth in operations during Umrah season

JEDDAH, SAUDI ARABIA - From the start of the month of Muharram until the end of Rabi' Al-Awwal, Saudia Airlines...
  • Its commitment to operate during the Umrah season for the year 1445 Hijri aligns with Saudia’s dedication to contribute to the Saudi Vision 2030 goals.
  • Saudia planned to provide additional charter flights during the current Umrah season, aiming to transport more than 100,000 Umrah performers through new stations.

Air passengers with disabilities need special assistance

"However, the actual needs of the traveler might differ. They might simply need help navigating crowded airports, have difficulty with...
  • Linda Ristagno, IATA’s Assistant Director for External Affairs, emphasizes the need for tailored special assistance
  • 80% satisfaction rate among passengers using special assistance, according to IATA's 2023 Global Passenger Survey

Boeing posts Q3 loss

The firm trims full-year forecast for deliveries of the 737.
  • The US aviation giant, which has struggled with manufacturing and quality control issues in recent years, reported a third-quarter loss of $1.6 billion
  • The latest issue with the 737 is the result of misshapen holes drilled in a part of the fuselage that helps maintain plane pressure.

Electric ‘air taxis’ could debut in Japan from 2027

Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis"...

Latest News

Saudi GACA issues air carrier, airport classifications for December 2023

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...

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...

India finds apparent wreckage from 2016 military plane crash

New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that...
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders

Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...
  • The Alaska Airlines scare prompted the US Federal Aviation Administration to order immediate inspections of around 171 of the jets operated worldwide.
  • Boeing has so far delivered about 218 of the 737 MAX planes worldwide, the company said.

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...
  • The low-cost carrier has taken delivery of 19 new aircraft during 2023, upscaling fleet size to 64, a rise of over 35 percent.
  • flynas launched 57 new destinations and increased seat capacity by 22 percent for domestic and international flights in 2023.

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...
  • The first day of COP28 - November 30 2023 - witnessed the highest daily air traffic rate in the history of civil aviation in the UAE with 2,848 flights.
  • The General Civil Aviation Authority organized meets and daily communication sessions to discuss plans, improve air navigation management systems.