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...
Business
Boeing faces heat over quality control after Alaska Airlines fiasco
The Alaska Airlines episode represents the most serious operational problem for Boeing since two crashes on 737 MAX 8 planes...
Business
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.
Business
Flybe stops trading, cancels flights
Earlier it was a leader in the UK domestic flights sector.
- "We are sad to announce that Flybe has been placed into administration," the airline tweeted.
- The UK Civil Aviation Authority advised passengers booked with Flybe not to go to the airport.
Business
Boeing posts Q4 loss of US$634m
Firm confirmed its 2023 outlook amid strong aviation demand.
- Boeing said its commercial plane business was dented by "abnormal costs".
- It said "labor instability and supply chain disruption" weighed on its defense, space and security unit.
Geostrategy
Iraq finalizes fresh air deals with Gulf countries
BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
- A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
- He added that in the future, there may be air agreements with Kuwait as well.
Business
Flynas passenger growth 91% in 2022
The airline launched 16 new destinations and 30 new routes.
- It reported an increase of 91 percent in its passengers to 8.7 million.
- The firm's flights expanded by 45 percent to 66,000 and seat capacity by 46 percent.
Business
Etihad Cargo to operate three more weekly flights to US from Apr 24
Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly...
- The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out of the US per week.
- The flights will be operated with both Airbus A350 and Boeing 787-9 Dreamliner aircraft with significantly less fuel consumption.
Business
AirAsia branch in Cambodia soon
Venture would start with two aircraft and expand to 15.
- The latest move to reorganize the Malaysia-based firm's network comes after setbacks in recent years.
- The firm's future airlines would also be based in Southeast Asia as it was a familiar region.
Business
Abu Dhabi Airports, Bombardier to create aircraft hub in UAE
This represents Bombardier’s first full-service facility in UAE.
- The development of the new Bombardier MRO at Abu Dhabi International Airport is one of several key investments Abu Dhabi Airports is supporting.
- This represents Bombardier’s first full-service facility in the UAE and builds on its long-term commitment to their customers in this critical market.
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...
Business
Company News
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Lufthansa Q3 profit $1.3bn
Business
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...
Business
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...
Business
Lufthansa Q3 profit $1.3bn
38 million passengers travelled with the group's airlines in the third quarter.
Business
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Business
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.
Economy
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
Business
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.