flynas receives 50th jetliner out of 120 Airbus A320neo ordered
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...
Will sign US$13.7bn deal with Airbus, says Korean Air
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...MODON attracts US$34m investment to develop military industry in Saudi Arabia
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...DAE, Turkish Airlines ink pact
Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.Alaska Airlines to take US$150m hit
It grounded the Boeing 737 MAX after in-flight safety episode.India finds apparent wreckage from 2016 military plane crash
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...flynas flies over 11m passengers in 2023, up 28 percent from 2022
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...US aircraft carrier to return to base from Mediterranean
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...US military Osprey with 8 crew crashes off Japan
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...UAE owns 40% of aircraft fleet in Arab region, says ACAO official
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)...UAE defense ministry orders 100 REACH-S unmanned aircraft from EDGE
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’s Tawazun Council signs deals worth $1.27bn at Dubai Airshow
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...Turkish Airlines explore options of buying 355 Airbus jets
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...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, 35 777-8s and five 787 Dreamliners. The 777-9s are expected for delivery in 2025 and the 777-8s are scheduled for 2030.Boeing posts Q3 loss
The firm trims full-year forecast for deliveries of the 737.Rolls-Royce to cut 2,500 jobs
It will cut six percent of its staff to build a leaner company.EasyJet, Airbus sign US$20bn deal
The no-frills airline will buy 157 aircraft from Airbus.AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.Air Arabia Q2 profit $125m
The company’s turnover during the second quarter was $380m.DAE H1 profit up 13%
The company posted a 15% increase in revenue to $670 million.Saudi fighter jet crashes in training, killing crew
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...Israel launches air strikes on govt-held city of Homs in Syria
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,...Boeing, Airbus notch up big orders
At list prices, the Airbus deal is worth $3.3bn and Boeing's $1bn.Sanad expands MRO services
Signs agreement with GE Aerospace and Safran Aircraft.Qatar’s Hamad International Airport passenger traffic soars 44.5% in Q1
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...Abu Dhabi to host electric-run aircraft, drone manufacturing plant
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...Iran claims foreign demand for its military equipment has gone up
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...Up to $1.7 trillion investment needed for green aviation goals
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.Boeing delivers 130 aircraft in Q1
It edged out its rival Airbus by just three aircraft.Emirates NBD arranges sukuk
The inaugural $600m sukuk saw orders of over $2.2 billion.Saudi airline Riyadh Air plans new orders ahead of 2025 take-off: CEO
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...Lockheed Martin, 4 GCC firms partner for sustainment support
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),...Flynas passenger growth 91% in 2022
The airline launched 16 new destinations and 30 new routes.Abu Dhabi Airports, Bombardier to create aircraft hub in UAE
This represents Bombardier’s first full-service facility in UAE.Aircraft orders drive US manufactured goods demand
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...Dubai Aerospace acquires Sky Fund Irish I
Sky Fund I leases aircraft to 14 airline customers.GAL-AMMROC, GMF ink pacts
The pact were inked during the B20 Summit in Bali, Indonesia.GAL signs MoU with GMF
The MoU is aimed at maintenance, repair, overhaul.ADQ submits shareholding offer to ADA
ADQ aims to establish a diversified aviation services and MRO business.flydubai, Smartwings sign agreement
flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.Pie from the sky: drone delivery lands in America
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...Wizz to set up fleet in KSA
It aims to set up a fleet of 50 aircraft in the kingdom.Air passengers number up, reveals global aviation meet in Dubai
Some of the greatest minds in the aviation industry took to the stage at this year’s Global Aviation Conference in Dubai, UAE.French energy giant TotalEnergies accused of fuelling Russian bombers
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.Flyadeal adds A320neo to fleet
It raises Saudi low-cost airline's fleet strength to 26.Airbus cancels A350 aircraft contract with Qatar Airways
European aircraft maker Airbus has cancelled its contract to deliver 19 A350 planes to Qatar Airways, a source close to the matter said Wednesday, amid a feud between the two aviation giants. Airbus had already cancelled a multi-billion-dollar order of 50 planes from Qatar Airways, a major customer, earlier in...Rolls-Royce picks new CEO
Tufan Erginbilgic replaces Warren East from the start of 2023.Qatar Airways orders 25 aircraft
The airline ordered 25 Boeing MAX 10 jets worth $3.3bn.Boeing wins $8 bn contract
The US planemaker will manufacture 66 MAX aircraft.Farnborough show raises Boeing hopes
Boeing plans to show off several planes including the MAX 10.European Union seeks to prepare arrival of ‘zero-emission’ aircraft
The European Commission called Friday on the members of the aviation sector to join an alliance to prepare for the advent of carbon-neutral aircraft. It envisages the Alliance for Zero Emission Aviation alliance including representatives of aircraft manufacturers, airlines, airports, energy companies and fuel providers, as well as passenger and...