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Aviation

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO

DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...

Saudi Airport to build a new airport in capital Riyadh

Saudi Arabia announced plans for a new airport in Riyadh while advancing the kingdom's ambitious aviation goals. The airport, set...
  • The airport is set to accommodate 120 million travelers by 2030 and 185 million travelers by 2050.
  • The new airport is expected to be able to process 3.5 million tons of cargo by 2050, local media said.

Abu Dhabi Airports announces 4.7m passenger traffic in Q3 2022

ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a...
  • Abu Dhabi International Airport handled 144,083 tonnes of air freight in Q3 2022.
  • Third-quarter statistics confirm that 49,046 Air Traffic Movements (ATMs) were recorded across the five airports.

Lufthansa to hire 20,000 employees

Lufthansa had 108,000 employees at the end of September.
  • Lufthansa made huge losses when Covid brought global air travel to a halt but a rebound in demand has helped it return to profit this year.
  • In the third quarter, the airline group -- which also includes Eurowings, Austrian, Swiss and Brussels Airlines -- reported a healthy profit.

GAL-AMMROC, GMF ink pacts

The pact were inked during the B20 Summit in Bali, Indonesia.
  • The pacts will allow AMMROC to expand its MRO capabilities and consolidate its status as a key enabler of a sustainable domestic defense sector in the UAE.
  • The cooperation will further expand to the joint promotion of the N219 and NC212 aircraft in the Middle East and Africa markets.

Emirates H1 profit at US$1.1bn

Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.
  • Emirates has bounced back into the black after its losses during the pandemic, the airline said.
  • The airlines operations recovery accelerated as more countries eased and removed travel restrictions.

Saudi F-15S jet crashes, pilots eject unharmed

The aircrew, consisting of two officers, survived the incident after using the ejector seat.
  • The aircrew, consisting of two officers, survived the incident after using the ejector seat
  • An investigation committee has been set up to uncover the reasons behind this incident

Tanzanian aircraft with 49 people on board plunges into a lake

Dar es Salaam, Tanzania— A domestic passenger plane plunged into Lake Victoria in Tanzania early on Sunday due to bad weather...
  • No information was immediately available on the number of passengers aboard the plane, but local media reports said around 49 people were on the flight
  • The accident comes five years after 11 people died when a plane belonging to a safari company crashed in northern Tanzania

American Airlines posts Q3 profit of US$483m

American Airlines third quarter revenues rose to $13.5 billion.
  • American scored a 13 percent jump in revenues compared with the 2019 period on high ticket prices.
  • US carriers have begun to prosper in 2022 as more governments pare back restrictions.

flydubai, Smartwings sign agreement

flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.
  • flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 32 Next-Generation Boeing 737-800, 33 Boeing 737 MAX 8 and three Boeing 737 MAX 9.
  • The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot.

Air travel rebounds but still suffering from pandemic

Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected...
  • Total air traffic in August soared up by two thirds from the same time last year, but was still only at 73.7 percent of its pre-Covid level.
  • Asia experienced the biggest rebound, where traffic more than tripled.

Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO

DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...

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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...

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...

Boeing posts Q3 loss

The firm trims full-year forecast for deliveries of the 737.

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Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city...
  • The non-stop flights will connect Sharjah International Airport with Giza and will have a frequency of five weekly flights.
  • British Airways announced that it will launch daily flights from London to Abu Dhabi next year.

Archer to launch its all-electric air taxi service across UAE

ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment...
  • ADIO plans to support Archer in establishing its first international headquarters and manufacturing facilities in the SAVI Cluster in Abu Dhabi.
  • Archer’s Center of Excellence will focus on developing and implementing next-generation aviation technologies.

UAE, South Korea ink MoU to enhance air transport relations

ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
  • This MoU includes an agreement to increase the number of national carrier flights between the two countries to 21 flights per week.
  • The signing of this MoU followed discussions held in Seoul on October 12 and 13, 2023, with representatives from both countries' aviation sectors.