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 Arabia shareholders approve 20% dividend for FY2023

SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...

$15m paid in compensation to passengers in 2021-22 in Saudi Arabia, says GACA

RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued...
  • These compensations were given primarily to deal with issues such as delays, loss of luggage, flight cancellations.
  • GACA aims to ensure that passengers are well-informed about their rights and can easily obtain refunds as per the regulations.

One pilot dead in helicopter crash off Dubai coast, another missing

The pilots of Bell 212 helicopter -- an Egyptian and a South African -- had been on a training flight...
  • The Bell 212 helicopter went down in Gulf at around 8:30 pm (1630 GMT) on Thursday after taking off from Dubai's Al Maktoum International Airport, the aviation authority said.
  • The GCAA confirmed that one member of the crew was found dead, while search and rescue operations were continuing to find the other missing pilot.

Abu Dhabi to unveil one of world’s biggest airport terminal

Dubai, UAE - An airport terminal able to handle up to 45 million passengers a year will open in Abu Dhabi...
  • Terminal A in the Abu Dhabi airport will be able to accommodate 11,000 travelers per hour and 79 aircraft at a time.
  • The new facility, also known as Midfield Terminal Building, "is scheduled to begin operations in early November 2023", local media said.

Kuwait Airport expects 13% rise in passenger numbers, says DGCA

KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...
  • The total passenger traffic from Kuwait International Airport in the present summer season is expected to reach 5.75 million passengers.
  • Kuwait Airport expects to operate 45,000 flights this season, an increase of 15 percent compared to last year.

Agility posts Q2 earnings of $46m

Net profit was affected by higher interest rate.
  • For the first six months of 2023, Agility’s net profit stood at US$95.5 million.
  • There was an increase in debt for financing the firm’s acquisitions last year.

Air Arabia Q2 profit $125m

The company’s turnover during the second quarter was $380m.
  • The profit increased by 187 percent compared to AED160 million ($43.56m) net profit reported for the same period last year.
  • The company’s turnover for the same period increased by 25 percent, as the strong demand for air travel continued.

Saudia raises seat capacity by 10%

The number of domestic, international flights will rise.
  • This would be a 10 percent increase in the number of seats on a year-on-year (YoY) basis, the airlines said in a statement.
  • Saudi Arabian Airlines said that more than 4.2 million seats would be added to international flights.

Airlines face trouble in Europe over greenwashing charges

PARIS, FRANCE - European airlines have been hit by a consumer complaint filed with the EU's executive arm accusing the 17...
  • The European Consumer Organization, or BEUC, said the claims made by the airlines breach EU rules on unfair commercial practices.
  • The BEUC called for a Europe-wide investigation and for airlines to "stop making claims that give consumers the impression that flying is sustainable".

NEOM and Volocopter conduct successful flight trials of air taxis

Riyadh, Saudi Arabia -- NEOM and Volocopter have announced a series of successful flight trials of electric vertical vehicles (eVTOL),...
  • The project is the result of an 18-month partnership between NEOM, the General Civil Aviation Authority (GCAA), and Volocopter.
  • The flight trials mark the first ever testing of an electric and zero-emission urban air mobility (UAM) system in Kingdom's futuristic city.

India’s IndiGo places record order for 500 Airbus A320

Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show....
  • Airbus boss Guillaume Faury said the signing was "an enormous milestone, to our knowledge and recollection no-one has ever ordered" so many planes at a stroke.
  • With an order book now at over 1,300 aircraft, the contract also makes IndiGo Airbus' largest customer for the A320 family.

What is flight turbulence and why does it happen?

Washington, United States - Airplane turbulence, which led to the death of a passenger on a Singapore Airlines flight on Tuesday,...

Latest News

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...

Turkish Airlines to buy 355 planes from Airbus

Istanbul, Turkey - Turkish Airlines said on Friday it has decided to order 355 Airbus aircraft over the coming decade as...

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

Most Read

Eve Air Mobility, flynas ink MoU

The firms will explore starting eVTOL services in Saudi Arabia.
  • The agreement will contribute to Saudi Arabia’s aviation industry by building the ecosystem for electric flights.
  • flynas operates over 1,500 weekly flights to over 70 domestic and international destinations.

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...
  • Heathrow, which is one of the world's busiest airports, is owned by the consortium FGP Topco Limited.
  • Ferrovial bought its stake in Heathrow in 2006 and initially held 56 percent of the hub, before reducing its interest.

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.