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.

Passenger air traffic has reached pre-pandemic levels, says ICAO

MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...

Business

Air Arabia 2023 net profit $408m

The firm recorded a 27 percent rise in profit compared to 2022.

Business
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.
Business

SAS reports deeper losses

The airline's net losses amounted to more than $117 million.
  • Net losses amounted to more than 1.2 billion Swedish kronor ($117 million) in the August-October period
  • The airline, however, saw the "highest number" of passengers since the beginning of the Covid pandemic
Business

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.
Business

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.
Business

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.
Business

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.
Business

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

Passenger air traffic has reached pre-pandemic levels, says ICAO

MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Business

Company News

Boeing shares surge

EasyJet cuts losses

Qatar Airways orders 25 aircraft

American Airlines registers Q2 profit

easyJet orders 56 aircraft

Latest News

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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INSEAD Day 4- 300x600

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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.