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European airlines witness a rise in profits in 2023
LONDON, UK – Europe's aviation industry is extending its bounceback from the Covid pandemic, as British Airways owner IAG and Franco-Dutch rival Air France-KLM posted bumper 2023 profits on Thursday. The sector is flying at cruising altitude on pent-up demand after emerging from the dark days of Covid, which grounded planes...
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Rat on a plane sparks worries for Sri Lanka’s airline
Colombo, Sri Lanka - Sri Lanka's national airline on Tuesday blamed a rat for grounding a plane for three days, sparking chaotic delays and fears it will scare off investors for the cash-strapped carrier. The stowaway rodent was spotted enjoying the SriLankan Airlines Airbus A330 flight from the Pakistani city of... -
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... -
ADNOC L&S buys VLCC
Firm has committed $2 billion for more such carriers. -
Saudia raises seat capacity by 10%
The number of domestic, international flights will rise. -
India’s IndiGo places record order for 500 Airbus A320
Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show. With a list price of $55 billion- the actual sale prices are usually lower- the deal is the largest ever civil aviation order and a "historic" step for both firms,... -
Emirates Group yearly profit $3bn
The group declared a dividend of $1.2 billion to its owner. -
Emirates H1 profit at US$1.1bn
Revenues in H1 of 2022-2023 surged 131% to $13.7 billion. -
DEWA’s R&D Center registers patent for robotic carrier
Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly robotic carrier to transport and lift solar photovoltaic panels easily from any surface. -
Iran carries out second test launch of satellite carrier
Iran's defense ministry said Sunday it has carried out a second test launch of a satellite carrier, ahead of the expected restart of nuclear talks. In February last year, the ministry said it had test-launched a new satellite carrier, the Zoljanah, but without providing details on the result. -
ADNOC to build two LNG vessels
The two 175,000 cubic meter LNG vessels will join the company's fleet in 2025. -
Al Seer begins VLGC construction
Lucky Gas is the company's first Very Large Gas Carrier. -
Qatar signs air services agreement with Jordan
The agreement is said to have been formally signed in Qatar’s capital city Doha. -
Moroccan carrier launches Israel flights after Covid delay
Royal Air Maroc took off from Morocco's economic capital Casablanca bound for Tel Aviv on Sunday, in the carrier's first direct flight to the Jewish state since the two countries normalized ties in 2020. Aviation sources and local media sources said a Moroccan business delegation was on the inaugural flight,... -
ADNOC L&S and AG&P sign storage pact
ADNOC L&S' LNG Carrier Ish will be used as a Floating Storage Facility. -
Air Arabia profits up 476%
Its profit stood at AED720 million ($196.05 million) in 2021. -
Airbus predicts 3,020 ME orders
Airbus says the Middle East will need more than 3,000 aircraft by 2040. -
Al Seer Marine expands fleet
The IHC subsidiary has entered commercial shipping segment.