DAE net profit up 36.2%
Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.
Abu Dhabi-based firm GAAC to handle air traffic in Afghanistan
Kabul, Afghanistan - A United Arab Emirates firm signed a contract with Afghanistan on Thursday to manage air traffic across the country as the Taliban authorities seek to expand international flights. While some flights are operating out of Kabul airport, significant extra support is needed for major foreign airlines to...Abu Dhabi’s Al Bateen Executive Airport reopens after upgrade
Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport to cater to increased operational requirement while meeting the highest levels of safety, compliance and accreditation.Air Arabia H1 profit $122.8m
More than 2.7 million passengers flew with Air Arabia from Mar-June.Global H1 air cargo demand up 2.2 percent over pre-Covid levels
Global air cargo demand rose by 2.2 percent in H1 2022 as compared to pre-COVID levels (H1 2019), according to data released by the International Air Transport Association (IATA). IATA figures indicate a healthy and stable performance across global air cargo markets showing. Global demand sunk by 6.4 percent compared...Embraer Q2 profit at $74.2m
It returned to profit in Q2 after posting a loss in first quarterDAE posts H1 profit of $140.1m
Its profit increased 186 percent in first six months of 2022Airbus 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...Boeing shares surge
The company is all set to resume 787 jet production.Saudi Arabia, Poland sign agreement on air transport
Saudi General Authority of Civil Aviation (GACA) signed a Memorandum of Understanding (MOU) with Poland to organize the operational framework for air transport between the two countries.Istanbul Airport first in Europe with 1,327 average flights daily
Istanbul Airport ranked first in Europe in terms of the average number of daily flights during the period of July 22-28, with 1,327 flights. The Airport exceeded the French Charles de Gaulle Airport and Amsterdam Airport Schiphol by the number of flights in the mentioned period.Etihad profit for H1 $296 million
The profits rose despite 60 percent hike in fuel costs.UAE launches Power to Liquids roadmap to decarbonize aviation sector
The United Arab Emirates has launched the Power-to-Liquids (PtL) Roadmap: Fueling the Aviation Energy Transition in the United Arab Emirates, which was drafted in cooperation between the Ministry of Energy and Infrastructure and the World Economic Forum. The PtL roadmap shows the financial, economic and environmental benefits of PtL in...Rolls-Royce picks new CEO
Tufan Erginbilgic replaces Warren East from the start of 2023.EasyJet cuts losses
The airline had taken a sizeable financial hit from disruptions.Qatar Airways orders 25 aircraft
The airline ordered 25 Boeing MAX 10 jets worth $3.3bn.American Airlines registers Q2 profit
Profits were $476 million compared with just $19 million in the year-ago period.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.Lufthansa expects best quarter results
The airline expects to book an operating profit of "between $352m and $403m.Middle East airlines’ traffic rises more than 300 percent in May 2022: IATA
The International Air Transport Association (IATA) said the Middle Eastern airlines’ traffic rose 317.2 percent in May compared to May 2021. The IATA announced passenger data for May 2022 showing that the May capacity rose 115.7 percent versus the year-ago period. The recovery in air travel accelerated heading into the...Summer break, Eid push up Saudi air ticket prices
The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between 32% and 314%, a survey points out.British Airways staff halts strike after better pay offer
A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday. Members of the GMB and Unite unions had recently backed action as surging inflation erodes the purchase power of wages, sparking walkouts across multiple sectors....Turkish Airlines flights at pre-pandemic conditions
Turkish Airlines has announced that flights to Saudi Arabia have resumed to pre-pandemic conditions and Saudi citizens will now be able to travel to or transit through Türkiye. The airlines said that from June 20, 2022 the restrictions set by Türkiye due to COVID-19 has been lifted.Etihad Air expected to fly 2.7m passengers over summer months: CEO
Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following a surge in demand for global travel. Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners, with more than 1,100 weekly network-wide departures. Mohammad...Oman Air to be a part of Oneworld alliance by 2024
Oman Air's joining will add new destinations to the Oneworld network including Duqm and Khasab in Oman and Chittagong (Bangladesh).Air traffic to reach full capacity by 2023 despite uncertainty
Air passengers are expected to hit 83 percent of pre-pandemic levels this year and the aviation industry's return to profit is "within reach" in 2023 despite ongoing uncertainty, the International Air Transport Association said on Monday. Industry losses are expected to drop to $9.7 billion this year, a "huge improvement"...Staff shortages and strikes threaten pandemic recovery for airlines
Desperate to put the coronavirus pandemic behind them, airlines will hold talks on Sunday ahead of a potential summer of chaos with shortages and strikes that could threaten their recovery. While trade is roaring back to life, representatives from the aviation sector meeting for three days in Qatar have a...Qatar Airways posts record profit
The profit result was "200 percent above its highest annual historical profit".Qatar passenger traffic may surge by 105 percent in 2022: Report
The report of Qatar Aviation body is updated with the IATA Air Transport data (Airport-IS) related to schedule statistics until the end of 2022.Dubai Airports to divert 60% of DXB’s waste from landfills
Dubai Airports new waste management program will prevent 60 percent of all waste from entering landfills by the middle of 2023Iraqi boy evades security, boards Iran-bound plane
Iraqi aviation authorities have been left red-faced after a 10-year-old boy on his own boarded an Iran-bound plane from a busy airport in a Shiite shrine city after several security checks.Partnerships, collaborations signed during Global Aerospace Summit 2022
Several partnerships and collaboration agreements were signed between leading aerospace, aviation, space and defense organizations during the sixth edition of the Global Aerospace Summit 2022, hosted by Mubadala. During the summit, LeoLabs announced a multi-million dollar award to provide data and services for the Japan Air Self Defense Force (JASDF)....Sanctions hit Russia, Iran to boost cooperation in energy and trade
Tehran and Moscow are seeking to expand cooperation in energy and trade, officials said Wednesday, as Russian Deputy Prime Minister Alexander Novak visited Iran. Both countries have huge oil and gas reserves but are constrained by sanctions imposed by the West that limit their ability to export their resources. Novak...Air Arabia Q1 profit at $79.24m
The profits were up 756% compared to $9.26 million in 2021.Emirates shares could be placed for IPO, says chairman
The flagship carrier’s chairman, Ahmed Al Maktoum was reported to have announced plans by Emirates to repay 15 billion dirhams ($4.1 billion) in pandemic-related support to the Dubai governmentSaudi fights to lead ‘saturated’ MidEast aviation market
Saudi Arabia on Monday pitched aviation industry leaders on its plans to become a global travel hub, drawing scepticism from analysts who questioned how it could compete against regional heavyweights. The kingdom's aviation goals, part of Crown Prince Mohammed bin Salman's wide-ranging "Vision 2030" reforms, include more than tripling annual...Companies envision taxis flying above jammed traffic
Companies such as Archer, Joby and Wisk are working on electric-powered aircraft that take off and land vertically like helicopters then propel forward like planes.Nigerian airlines suspend flights over soaring fuel prices
The cost of fuel has soared worldwide since Russia invaded its neighbor Ukraine in February and the West responded by slapping sanctions on Moscow. The rising price of fuel has caused prolonged power blackouts in Nigeria in recent weeks.Lufthansa cuts Q1 losses
German carrier set its sights on a record summer for traffic.Eid holidays boost Gulf tourism as COVID curbs ease
From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially after two years of the Covid-19 pandemic.Boeing shares dive on $1.2bn loss
The company is set for recovery in 2022-23, said analysts.Etihad Engineering partners with Touchdown Aviation for aircraft parts
Touchdown Aviation (TDA) will provide Etihad Engineering supply chain solutions locally in Abu Dhabi, to ensure the availability of high demanded aircraft parts. Etihad Engineering signed a Component Agreement with TDA, a global specialist in the supply, loan, exchange, and repair of aircraft components, regarding the same. Frederic Dupont, Vice...Air travel recovery gathering steam as Covid restrictions eased: IATA
The accelerated growth recorded in February 2022 compared to a year ago, is helping passenger demand catch up to 2019 levels.EU passengers can claim compensation for delays even outside Europe
EU travelers who book flights through a European airline can claim compensation in the event of a major delay of the connecting flight -- even outside Europe, a court ruled on Thursday. In its judgement, the European Court of Justice said that the entirety of a journey that was subject...JetBlue makes $3.6bn bid for Spirit Airlines, upstaging Frontier deal
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier Airlines in the discount flying market.alfanar invests $1.3bn in UK
The money will go in producing aviation fuel from waste.Libya restarts domestic flights after two-week shutdown
Libyan authorities reopened the war-torn country's skies for domestic flights on Tuesday, an aviation official said, two weeks after they were grounded amid a tense political standoff.A jet with 132 people on board crashes in China
A China Eastern passenger jet carrying 132 people crashed in southern China on Monday, aviation authorities said, with state media reporting it led to a fire on a mountain and the number of casualties unknown. State broadcaster CCTV reported that the plane crashed in Teng county near Wuzhou.Saudi ratifies protocols on Convention on International Civil Aviation amendments
The first protocol stipulates raising the number of members of the International Civil Aviation Organization (ICAO) Council from 36 to 40 members.GCC airfares soar as oil prices rise
The amplifying factors include sanctions against Russia’s aviation sector, which cast a global pall over the aviation industry.