New York, United States -- Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss. In a televised interview with CNBC, Boeing Chief Executive Kelly Ortberg said Chinese customers had "stopped taking...

This portfolio comprises 100 percent next-generation aircraft

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

The company said this was a 54.9 percent YoY increase in net profit.

AviLease had purchased 13 aircraft from Avolon in 2023.

Dubai, United Arab Emirates -- The head of Dubai's Emirates airline urged Boeing on Tuesday to "fix" its problems, warning the embattled aircraft-maker he was unhappy with delays to the 777X.Chairman and chief executive Sheikh Ahmed bin Saeed Al Maktoum, briefing journalists on the sidelines of a trade show in Dubai,...

RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the world, celebrated taking delivery of the 50th airplane out of a large order for Airbus A320neo jetliners at a reception held at King Khalid International Airport here.The company is moving...

SEOUL, SOUTH KOREA – South Korean flag carrier Korean Air said on Thursday it will sign a US$13.7 billion deal with Airbus to purchase 33 A350 series aircraft to strengthen its long-term fleet operations.The move comes after the European Union approved the airline's takeover of smaller rival Asiana -- conditional on...

RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (MODON) has attracted new investments worth US$34 million (SAR130 million).This will be used to localize military aircraft industries, including drones and provide repair, maintenance and overhaul services for ships.Securing funding is one of the authority's objectives, and...

Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.

It grounded the Boeing 737 MAX after in-flight safety episode.

New Delhi, India - India said on Friday it had likely found wreckage from an Indian Air Force transport plane that went missing over the sea almost eight years ago with 29 people aboard.A Russian-built Antonov An-32 was carrying service personnel and six crew members during a routine courier service to...

RIYADH, SAUDI ARABIA – flynas reported record results for its performance in 2023 compared to the previous year 2022, with a historic increase in the number of passengers to over 11.1 million passengers, growing more than 28 percent.The LCC has taken delivery of 19 new aircraft during 2023, upscaling fleet...

According to the Navy, the carrier will redeploy to its home port "as scheduled to prepare for future deployments." The Navy said it is"collaborating with Allies and partners" to shore up maritime security in the region, adding the Defense Department will continue to rely on the presence of its forces...

Tokyo, Japan--A US Osprey military aircraft with eight crew on board crashed on Wednesday off a Japanese island, the coastguard said, in the latest accident involving the tilt-rotor military aircraft.It was unclear whether there were any survivors, but the coastguard said one unconscious person had been found at the scene and...

Dubai, UAE -- The United Arab Emirates (UAE) holds nearly 40 percent of the aircraft fleet in the Arab region, Director-General of the Arab Civil Aviation Organisation (ACAO) Abdennabi Manar said.Speaking to the Emirates News Agency (WAM) on the sidelines of the ongoing third International Civil Aviation Organisation (ICAO) Conference...

DUBAI, UAE - EDGE, one of the world's leading advanced technology and defense groups, announced its first major order from the UAE Armed Forces for the locally-manufactured REACH-S fixed-wing UAV.Announced at the Dubai Airshow, the order to supply 100 REACH-S is the first of its kind for the for UAE-made...

Dubai, UAE - UAE's Tawazun Council, an independent government entity that works closely with the Ministry of Defense and security agencies to maximize value through acquisition systems, announced signing of nine deals worth $1.27 billion with local and international companies on day 1 of the Dubai Airshow 2023.The announcement was...

Istanbul, Turkey - Turkish Airlines, the country's flag carrier, confirmed on Monday that it was in talks with Airbus to buy up to 355 jets in a huge push to expand its fleet."Negotiations are held with Airbus regarding the purchase of a total of 355 aircraft -- 240 of which are...

Emirates, the Middle East's biggest airline, made the largest purchase with its $52 billion order for 55 Boeing 777-9s, 35 777-8s and five 787 Dreamliners. The 777-9s are expected for delivery in 2025 and the 777-8s are scheduled for 2030.

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

It will cut six percent of its staff to build a leaner company.

The no-frills airline will buy 157 aircraft from Airbus.

The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.

The company’s turnover during the second quarter was $380m.

The company posted a 15% increase in revenue to $670 million.

The air force jet was on a training exercise when it crashed on Wednesday in the south of the country, killing its crew, according to the kingdom's defense ministry. The statement from the ministry said that the accident resulted in the "martyrdom of the aircrew" without specifying exactly how many...

Citing a military source, Syrian state news agency SANA said that Israel carried out air strikes near the government-held city of Homs. The air strikes hit "some points in the vicinity of the city". Israel, during more than a decade of war in Syria, has launched hundreds of air strikes,...

At list prices, the Airbus deal is worth $3.3bn and Boeing's $1bn.

Signs agreement with GE Aerospace and Safran Aircraft.

Doha, Qatar— More than ten million passengers traveled through Qatar’s Hamad International Airport in the first quarter of the current year, marking a 44.5 percent jump.The airport, according to Qatar News Agency, received 3.56 million passengers in the month of January, followed by 3.24 million in February, and 3.5 million...

Abu Dhabi, UAE-- Monarch Holding and Chinese company EHang Holdings have signed an agreement to establish the first facility in the Middle East and North Africa to manufacture and operate sustainable, electric-powered aircraft and drones for passengers and cargo transportation in Abu Dhabi.The cooperation aims to manufacture sustainable electric aircraft...

Tehran, Iran— Claiming that Iran has received numerous “requests” from different countries for purchase of its defense equipment and cooperation, Brigadier General Afshin Khajeh Fard has hailed the achievements in producing unmanned aerial vehicles (UAVs) and manned drones with fixed and moving wings.The brigadier general, the head of the Iran...

To meet the estimated energy demand from hydrogen and electric aircraft in 2050 would require the amount of energy produced from 10-25 of the world’s largest wind farms, or a solar farm half the size of Belgium, WEF says.

It edged out its rival Airbus by just three aircraft.

The inaugural $600m sukuk saw orders of over $2.2 billion.

Riyadh, Saudi Arabia -- Saudi Arabia's new national airline plans more aircraft orders as it prepares to operate its first flights in early 2025, its CEO told AFP on Wednesday.The carrier, Riyadh Air, was officially unveiled on Sunday, and on Tuesday announced an agreement to purchase 39 Boeing Dreamliners, with options...

Abu Dhabi, UAE – Lockheed Martin has partnered with four companies operating in Gulf Cooperation Council (GCC) countries to provide instrumentation, calibration, and repair services for its aircraft ground support equipment, as part of its Product Support Provider Network (PSPn).The four companies are AL TAIF (part of EDGE Group), Mohamed...

The airline launched 16 new destinations and 30 new routes.

This represents Bombardier’s first full-service facility in UAE.

A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected, government data showed. Durable goods orders rose one percent to $277.4 billion last month, up from a revised 0.3 percent bump in September, the Commerce Department reported. Transportation equipment led...

Sky Fund I leases aircraft to 14 airline customers.

The pact were inked during the B20 Summit in Bali, Indonesia.

The MoU is aimed at maintenance, repair, overhaul.

ADQ aims to establish a diversified aviation services and MRO business.

flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.

Amazon founder Jeff Bezos who in 2013 unveiled a delivery drone in a CBS interview, predicting that within five years airborne shipments would be routinely zipping from fulfillment centers to customers' doorsteps. Things haven't quite gone that way for the company that has otherwise seeped ubiquitously into aspects of modern...

It aims to set up a fleet of 50 aircraft in the kingdom.

Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE.

French daily Le Monde said it was able to track the supply chain from the Termokarstovoye gas field in Siberia, which is partly owned by France's TotalEnergies, to two military airbases, each hosting a squadron of multirole aircraft accused of having bombed Ukrainian civilian population.