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Air Berlin collapse as Etihad withdraws financial support

Posted 15 August 2017

Abu Dhabi-based Etihad Airways has been dealt another financial blow with the collapse of German carrier Air Berlin which is 29% owned by the Gulf carrier. The German carrier has filed for insolvency but blames Etihad which, it said, had withdrawn financial support.

in Business & Finance

Emirates and The Football Association in three-year extension

Posted 10 August 2017

Emirates and The Football Association have agreed a three year contract extension to their existing partnership. The agreement will see the tournament continue to be named The Emirates FA Cup through until 2021.

in Business & Finance

Middle Eastern carriers posted a 2.5% traffic increase in June

Posted 7 August 2017

The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago

in Business & Finance

Qatar steps back from American Airlines investment

Posted 2 August 2017

Qatar Airways has dropped its plans to purchase a 10% shareholding in One World partner American Airlines.

in Business & Finance

Jazeera Airways announces Q2 2017 financial results

Posted 2 August 2017

Jazeera Airways has released its second quarter financial results, reporting an operating profit of KD2.2 million, up 22.9% from the same period last year, and a net profit of KD2.3 million, reflecting a growth of 18.1% from the same

in Business & Finance

Royal Jordanian releases financial results for first half of 2017

Posted 31 July 2017

Royal Jordanian's Board of Directors approved the reviewed financial results for the first six months of this year during its session held on July 29, 2017. The results showed the company registered a net loss of JD26.3

in Business & Finance

Etihad Airways releases its 2016 financial results

Posted 27 July 2017

Etihad Airways has announcedits 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core

in Business & Finance

Boeing reports strong second-quarter results

Posted 26 July 2017

The Boeing Company has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance.

in Business & Finance

TAV Airports increases net profit 90%

Posted 24 July 2017

TAV Airports Holding has announced its First Half 2017 EBITDA of EUR202 million and revenue of EUR511 million. The company posted a net profit of EUR 60 million with a 90% increase.

in Business & Finance

Etihad Airways sells minority stake in Darwin Airline

Posted 21 July 2017

Etihad Airways has sold its minority stake in European regional carrier Darwin Airline.

in Business & Finance

Global Jet Centre on the upswing in first half of 2017

Posted 18 July 2017

Dubai-based air charter specialist Global Jet Centre reported a very strong first half year results with the number of arranged flights up by 30% compared to the same period last year.

in Business & Finance

Iraqi Airways set to disburse $500mn to Kuwait

Posted 11 July 2017

The Kuwaiti Ministry of Finance and Kuwait Airways are coordinating efforts among themselves ahead for the anticipated disbursement of USD500 million by the Iraqi government-owned Iraqi Airways, reports ch-aviation.

in Business & Finance

Emirates terminates TAAG Angola management contract

Posted 11 July 2017

Emirates has terminated, effective immediately, a ten-year Management Concession Agreement with TAAG Angola Airlines, reports ch-aviation.

in Business & Finance

Boeing reports second-quarter deliveries

Posted 10 July 2017

The Boeing Company has announced deliveries across its commercial and defense operations for the second quarter of 2017.

in Business & Finance

Emirates boosts U.S. economy by US$21 Billion

Posted 10 July 2017

Emirates supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the U.S. economy, including US$10.5 billion to the country's gross domestic product (GDP) and US$6.4 billion of labour income in 2015,

in Business & Finance

TAV Group President Sani Şener listed among most powerful 10 leaders of the Gulf region

Posted 28 June 2017

TAV Group President & CEO Sani Şener ranked seventh in the power 100 list of Construction Week Magazine, which is one of the most prestigious publications of the industry, in the

in Business & Finance

Qatar Airways sees a strong investment opportunity in American Airlines

Posted 26 June 2017

Qatar Airways sees a strong investment opportunity in American Airlines. Qatar Airways believes in American Airlines' fundamentals and intends to build a passive position in the company with no involvement in

in Business & Finance

Boeing raises forecast for new aircraft demand

Posted 22 June 2017

Boeing has raised its forecast for new aircraft demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.

in Business & Finance

PARIS AIRSHOW: Boeing raises forecast for new Aircraft demand

Posted 20 June 2017

Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.

in Business & Finance

Qatar Airways releases annual report for the fiscal year 2017

Posted 12 June 2017

Qatar Airways has released its annual report for the fiscal year 2017 (April 1st 2016 to March 31st 2017) revealing a 21.7 per cent year-on-year net profit increase.

in Air Transport / Business & Finance

Qatar Airways reports 2017 fiscal year success

Posted 11 June 2017

Under pressure Qatar Airways today released its 2016-2017 annual report revealing a 21.7 per cent year-on-year net profit increase. The results also show an annual revenue increase of 10.4 per cent.

in Business & Finance

Etihad Aviation Group terminates negotiations with TUI

Posted 8 June 2017

Etihad Aviation Group has confirmed that it has terminated negotiations with TUI AG, in relation to a potential joint venture involving the leisure operations of Air Berlin Group and the German TUIfly company.

in Air Transport / Business Aviation / Business & Finance / Maintenance / Flight Services & Support / Events

North African revival is theme for next Aviation Africa summit

Posted 7 June 2017

Aviation Africa, the exhibition and summit covering the full aviation and aerospace spectrum across the African continent, is to hold its third edition in Cairo on April 17-18 2018, under the auspices of the Egyptian

in Business & Finance

ATR creates an integrated leasing, asset management and freighter department

Posted 7 June 2017

ATR has created a new Leasing, Asset Management and Freighter department which has the priorities of managing sales to the leasing community and facilitating the placement of new or used ATR aircraft by

in Air Transport / Business & Finance

RJ sees positive numbers in first-term report

Posted 31 May 2017

Royal Jordanian airlines has achieved positive operational results between January-April this year, compared to the corresponding period last year according to results published by the flagcarrier today.

in Business & Finance

Emirates Group Announces 2016-17 results

Posted 11 May 2017

The Emirates Group today announced its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel.

in Business & Finance

Jazeera Airways announces Q1 2017 financial results

Posted 4 May 2017

Jazeera Airways has released its first quarter financial results, reporting operating revenues of KD10.1 million and a net loss for the quarter of KD0.9 million.

in Air Transport / Business & Finance

Alitalia to go into administration as Etihad looks on

Posted 2 May 2017

The Etihad rescue of Alitalia took a turn for the worse today as the Italian airline filed for extraordinary administration following a meeting of its shareholders.

in Business & Finance

Jazeera Airways shareholders approve KD7 million cash dividend for 2016

Posted 2 May 2017

Jazeera Airways shareholders have approved a board recommendation to distribute a cash dividend of KD7 million, equivalent to 35% of the share's nominal value, for the fiscal year ended December 31, 2016 during

in Air Transport / Business & Finance

RJ blames currency drop and competition for disappointing financial results

Posted 1 May 2017

Royal Jordanian shareholders have been told that the airline achieved a small operating profit in 2016 while registering an overall net loss as the Amman carrier reported concerns over competition from low

in Business & Finance

Boeing reports first-quarter results

Posted 27 April 2017

The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programmes and services.

in Business & Finance

Oman Air releases annual report showing worst loss since returning to long-haul

Posted 26 April 2017

Oman Air has revealed in its annual report an operating loss of 80% to RO120 million ($312 million) last year, and a net loss of almost RO130 million.

in Business & Finance

TAV Airports announces €227 m in revenues in 1Q

Posted 26 April 2017

TAV Airports Holding has announced its First Quarter 2017 EBITDA of EUR77 million and revenue of EUR227 million.

in Business & Finance

DAE almost trebles fleet with Irish acquisition

Posted 24 April 2017

Dubai Aerospace Enterprise (DAE) is to take over the Dublin-based AWAS aircraft leasing group from Terra Firma Capital Partners, a UK-based private equity firm, and the Canadian Pension Plan Investment Board.

in Air Transport / Business & Finance

Middle East lessors fleets set to grow, says expert

Posted 17 April 2017

The Middle East's lessors' fleets are set to grow with its key regionally-based suppliers, Kuwait's ALAFCO, DAE Leasing and IFAC carrying strong order books.

in Business & Finance

DAE revenues up by 22% as fleet rises to 112

Posted 13 April 2017

Dubai Aerospace Enterprise (DAE) Ltd has announced a 22% year-on-year uptick in total revenue for 2016 to $417.8 million.

in Business & Finance

Oman Air reveals its annual financial report for 2016

Posted 12 April 2017

Oman Air has recently published its annual report for showing its business operations witnessing significant growth during 2016.

in Business & Finance

Pegasus forecasts growth in 2018

Posted 11 April 2017

Pegasus Airlines has evaluated its performance for 2016 whilst disclosing its targets for the future.

in Business & Finance

Pegasus growth in turnover and guest numbers

Posted 13 March 2017

Pegasus Airlines has announced its financial and traffic results for 2016.

in Business & Finance

TAV Airports increased its consolidated revenue by 1% to EUR 1,092 in 2016

Posted 13 March 2017

TAV Airports Holding the global brand of Turkey in airport operations, provided service to 104 million passengers at 14 airports, operated in seven countries, in 2016.

in Business & Finance

TAAG Angola Airlines sees improved financial results under Emirates management team

Posted 10 March 2017

TAAG Angola Airlines has announced a dramatically better result for 2016 over 2015.

in Business & Finance

AJW expand headquarters after rising demand

Posted 3 March 2017

AJW Group, that has offices in the Middle East, has announced the expansion of its 375,000 square feet global headquarters in response to rising demand.

in Business & Finance

Oman Air opens retail offices within the Omantel premises in Duqm and Khasab

Posted 2 March 2017

Oman Air has announces the soft opening of its retail offices, within the Omantel premises in Duqm and Khasab.

in Business & Finance

TAV announces EUR 1,092 m revenue in 2016

Posted 20 February 2017

TAV Airports Holding President and CEO Sani Sener has released a statement highlighting TAVs revenue for 2016.

in Business & Finance

Oman Air signs an MOU with Taiseer

Posted 10 February 2017

Oman Air has signed a MoU with Taiseer. The company acts as a local trading platform that aims to create an integrated business environment between companies.

in Business & Finance

Jazeera Airways reports 52.8 million in revenues

Posted 10 February 2017

Jazeera Airways has announced its full-year financial results for 2016. The company recorded KD52.8 million in revenues for the year, an operating profit of KD8.8 million, and a net profit of KD10.8 million making 2016 the company's sixth

in Business & Finance

Air Arabia delivers strong 2016 net profit of AED 509 million

Posted 9 February 2017

Air Arabia has announced full-year financial results for 2016 as the Middle East and North Africa's first and largest low-cost carrier continued to deliver healthy growth and strong levels of profitability despite

in Business & Finance

A year of sustained growth for Etihad Airways in 2016

Posted 8 February 2017

Etihad Airways delivered a year of sustained growth in 2016, helped by new aircraft, additional frequencies and the introduction of further world-class products. The airline carried 18.5 million guests during the year, up six per

in Business & Finance

DAE supports first ABS transaction of the year

Posted 2 February 2017

Dubai-based DAE is behind an asset backed securitisation (ABS) deal for US Falcon Aerospace Limited and Falcon Aerospace USA LLC. The first such transaction in the industry this year.

in Business & Finance

Flydubai announces 14.4% passenger growth in 2016

Posted 1 February 2017

Flydubai has announced its full-year results for 2016 reporting a profit of AED 31.6 million (USD 8.6 million).

in Business & Finance

Boeing reports fourth-quarter results

Posted 26 January 2017

The Boeing Company has reported fourth-quarter revenue of $23.3 billion with GAAP earnings per share of $2.59 and core earnings per share (non-GAAP) of $2.47 reflecting overall solid execution on production programs and services.

in Business & Finance

Kuwait Airways set to secure government funding

Posted 25 January 2017

Kuwait Airways has been given the green light to access KWD600 million dinars (USD1.96 billion) in capital funding from the Kuwaiti General Reserve Fund (KGRF), report ch-aviation.

in Business & Finance / People

Etihad Aviation Group announces James Hogan to go in the second half of 2017

Posted 24 January 2017

The Etihad Aviation Group Board of Directors has said that James Hogan will step down as president and chief executive officer of the company in the second half of 2017.

in Business & Finance

AJW Leasing bolsters Dublin office

Posted 24 January 2017

AJW Leasing, that has offices in Dubai, has deployed key staff to a new office location in Dublin, Ireland.

in Business & Finance

Kuwait Airways bid for $2bn in state funding rejected

Posted 11 January 2017

Kuwait's National Assembly has rejected an initial application by Kuwait Airways to withdraw KWD600 million dinars (USD1.96 billion) from the country's General Reserve Fund (KGRF), reports ch-aviation.

in Business & Finance

Boeing releases delivery results for Q4 of 2016

Posted 9 January 2017

The Boeing Company has announced deliveries across its commercial and defense operations for the fourth quarter of 2016.

in Business & Finance / Features

Islamic finance continues to gather pace

Posted 5 January 2017

Islamic finance is a part of the global financial services industry that is continuing to expand, both geographically and in terms of the industries and sectors that it services. As further expansion is anticipated, particularly in the aviation

in Business & Finance

Qatar Airways acquires 10 per cent of LATAM's total shares

Posted 29 December 2016

LATAM Airlines Group and Qatar Airways have announced that Qatar Airways, through its wholly owned subsidiary Qatar Airways Investments, completed its acquisition of 10 per cent of LATAM reaching a total of 60,837,452

in Business & Finance

Boeing Board raises dividend, renews share repurchase authorisation

Posted 13 December 2016

The Boeing board of directors has declared the company's quarterly dividend will increase 30 percent to $1.42 per share. The board also replaced the existing share repurchase programme with a new $14 billion

in Business & Finance

Emirates Group releases 6th Annual Environmental Report

Posted 12 December 2016

The Emirates Group, comprising Emirates airline and dnata, has published the sixth annual environmental report outlining the Group's environmental performance for the financial year 2015-16.

in Business & Finance

Boeing releases annual Current Aircraft Finance Market Outlook

Posted 12 December 2016

Boeing said strength in the capital markets and innovative funding developments will provide airlines and lessors efficient aircraft financing solutions in 2017.

in Business & Finance

ADA Group reports rise in nine month profits

Posted 21 November 2016

The Abu Dhabi Aviation Group, (ADA Group), the Middle East's largest provider of commercial helicopter, luxury VIP charter and cargo solutions, has reported an 8.54% year-on-year rise in net profits for the first nine months of 2016 to

in Business & Finance

Qatar Airways looking at more acquisitions

Posted 15 November 2016

Qatar Airways chief executive officer Akbar al Baker has confirmed that in addition to the Qatari carrier's acquisition of a 49% stake in Italy's Meridiana fly the Qatari carrier is planning to make two further investments in 2017, reports

in Business & Finance

Air Arabia posts third quarter net profit of AED 297 million, up 26%

Posted 14 November 2016

Air Arabia has announced its financial results for the third quarter ending September 30, 2016.

in Air Transport / Business & Finance

Turkish Airlines reports losses for first nine months

Posted 10 November 2016

Turkish Airlines reported a net loss of $463 million for the first nine months of the year compared to a net profit of $877 million a year ago.

in Business & Finance

Pegasus increases its turnover to 2.86 billion TL in the first nine months of 2016

Posted 10 November 2016

Pegasus Airlines has announced its financial results for the first nine months of 2016. According to figures released by the Public Disclosure Platform (KAP), Pegasus has increased its turnover in

in Business & Finance

Dnata continues to increase global business

Posted 9 November 2016

Dnata continued to strengthen its global businesses which now span 83 countries. In the first half of 2016-17, Dnata's international operations accounted for over 67% of its total revenue.

in Business & Finance

Emirates Group announces half-year performance for 2016-17

Posted 9 November 2016

The Emirates Group has announced its half-year results for 2016-17. The Group held steady on revenue, but profit was hit by the double impact of a strong US dollar and challenging operating environment for the airline and travel

in Air Transport / Business & Finance

Iran finance deal for Airbus jets closer says Reuters

Posted 8 November 2016

News agency Reuters has reported that Iran has reached a deal with a foreign leasing company to finance the first 17 jets it plans to buy from Airbus.

in Business & Finance / Airports

Dubai adds $3billion to airport expansion funding

Posted 4 November 2016

Dubai is looking to raise US $3 billion to fund expansion of its two international airports and has hired HSBC to advise on raising the finance. The Department of Finance, Government of Dubai, says HSBC will advise it, the Investment

in Business Aviation / Business & Finance

NBAA: Lack of finance adds to business aviation woes warns lender

Posted 2 November 2016

The number of business jets being delivered globally fell by 4.7% in the first quarter of this year when compared to the same period in 2015 thanks a lack of available finance according to new research from.Global Jet

in Business Aviation / Business & Finance / Flight Services & Support

NBAA: China's Deer Jet buys in to Dubai-based UAS

Posted 31 October 2016

Dubai headquartered international trip support company, UAS, has sold a major stake in the company to Chinese business aviation operator Deer Jet, it was announced at NBAA today.

in Technology / Business & Finance

NBAA: Satcom Direct acquires TrueNorth

Posted 31 October 2016

Global aeronautical communications provider, Satcom Direct (SD), announced today it has agreed to acquire TrueNorth Avionics, that offers the latest technology in cabin communications solutions.

in Business & Finance

Embraer delivers third quarter 2016 results

Posted 31 October 2016

During 3Q16, Embraer delivered 29 commercial jets and 25 executive jets (13 light and 12 large).

in Business & Finance

Visa signs partnership with Etihad Aviation Group's Global Loyalty Company

Posted 27 October 2016

Visa has signed an exclusive co-branded cards partnership with Etihad Aviation Group's Global Loyalty Company.

in Business & Finance

Boeing reports third-quarter results and raises full year guidance

Posted 26 October 2016

The Boeing Company has reported third-quarter GAAP earnings per share of $3.60 and core earnings per share (non-GAAP) of $3.51 reflecting overall solid execution on production programmes and services, favourable

in Business & Finance

Etihad Aviation group and partners will contribute billions to African economy in 2016

Posted 26 October 2016

Etihad Aviation Group (EAG) and its equity airline partners will support almost 425,000 jobs and are expected to contribute US$3.6 billion GDP to the African economy in 2016, as Abu Dhabi

in Business & Finance

Pegasus Airlines grows in first nine months of 2016

Posted 19 October 2016

Pegasus Airlines has announced its traffic results for the January – September 2016 period.

in Business & Finance / People

Spatial Composites undergoes management buyout

Posted 16 October 2016

Spatial Composite Solutions, the manufacturer of cabin crew training equipment based in Ras Al Khaimah, has completed a successful management buyout, transitioning ownership of the company from Joe McKeever to Henry Robertson and Marc

in Business & Finance / Events

DAE top lessor for Middle East and Africa - and Tapore the winning CEO

Posted 9 October 2016

Dubai Aerospace Enterprise (DAE) has been named as the Middle East and Africa 'Lessor of the Year'.

in Business & Finance

Novus seals purchase and leaseback deal for EK Boeing 777-300ER

Posted 4 October 2016

The aircraft leasing platform Novus Aviation Capital has successfully closed the purchase and leaseback for an additional brand new Boeing 777-300ER with Emirates Airline. Novus says the aircraft was delivered to

in Business & Finance / Maintenance

DAE takes majority shareholding in Joramco

Posted 20 September 2016

Dubai Aerospace Enterprise (DAE) Ltd is to acquire 80% of Jordan Aircraft Maintenance Limited (Joramco) from The Abraaj Group, the UAE company announced today.

in Air Transport / Business & Finance

Tunisair cuts jobs and steps in for A320neo in competitiveness bid

Posted 7 September 2016

State-owned Tunisair is to shed around 1,000 jobs as part of a national austerity plan and a bid to make the airline more competitive. The job losses will affect around 12% of the full-time workforce of around 8,200.

in Business & Finance

Nile Air looks to go public on Egyptian Stock Exchange in 2017

Posted 5 September 2016

Nile Air's chief executive officer Ahmed Aly said the Egyptian airline is looking to go public on the Egyptian Stock Exchange at some point in 2017, reports ch-aviation.

in Business & Finance

Flydubai releases half-year results showing increased passenger growth

Posted 5 September 2016

Flydubai has announced its half-year results for 2016 and has reported total revenue of AED 2,302 million (USD 627 million) an increase of 5.4% compared to the first six months of last year and a loss of AED 89.9

in Business & Finance

Novus expands into UK

Posted 2 September 2016

Dubai-based global aircraft leasing platform Novus Aviation Capital has launched a UK subsidiary in an effort to grow its global footprint. Novus Aviation Capital (UK) Limited, based in London, is headed up by Mamoun Kuzbari, Managing Director at Novus Aviation

in Business & Finance

Royal Jordanian and Bank of Palestine launch co-branded 'My Miles' MasterCard

Posted 1 September 2016

The Bank of Palestine has sealed an agreement with Royal Jordanian (RJ) to launch a co-branded MasterCard called “My Miles” as part of RJ's endeavor to enhance its market share and commercial existence in

in Business & Finance

IATA and Egyptian authorities working together to address airline blocked funds

Posted 30 August 2016

The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international

in Business & Finance

Egyptair Holding Company will not be privatised, said CEO

Posted 18 August 2016

Safwat Mossallam, the chairman and CEO of the EgyptAir Holding Company said the company will not be privatised as part of economic reforms the government will undertake later this year, reports ch-aviation.

in Air Transport / Business & Finance

Air Arabia first half profit rise but underlying concern over yield

Posted 15 August 2016

Sharjah headquartered Air Arabia has generated a 3.5% increase in first-half net profit to $67 million despite a drop in its second-quarter figures.

in Business & Finance

Boeing will not increase production of 787 and may cut 777 out-put unless sales improve

Posted 12 August 2016

Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.

in Business & Finance

Air Arabia reports net profit of AED 245 million in first half of 2016

Posted 11 August 2016

Air Arabia has reported strong financial results for the first half of 2016 ending June 30, 2016.

in Business & Finance

ADA Group half year profits rise

Posted 1 August 2016

Half year net profit at the Abu Dhabi Aviation (ADA) Group has risen 3.2% to $38.4 million compared to the first six months of 2015 though Group turnover slipped 5.3% year-on-year to $247.1 million

in Air Transport / Business & Finance

Qatar increases stake in IAG

Posted 1 August 2016

Qatar Airways has increased its stake in International Airlines Group (IAG) to more than 20%.

in Air Transport / Business & Finance

Jazeera sees profits drop but notes the positives

Posted 1 August 2016

Kuwaiti low cost carrier Jazeera Airways saw profits drop for the first half of the year by 3% compared to the previous year – but still reported a net profit of $19.7 million(KD 6 million).

in Business & Finance

Novus in Lion Air sale and leaseback deal

Posted 1 August 2016

Novus Aviation Capital the Dubai-based global aircraft leasing platform has acquired three Boeing 737-900ER aircraft from PT Lion Mentari Airlines ('Lion Air'), which have been placed on long operating leases with the Indonesian low-cost

in Business & Finance

Boeing reports second-quarter results

Posted 28 July 2016

The Boeing Company has reported second-quarter revenue of $24.8 billion on strong commercial deliveries and services growth.

in Business & Finance

EAG and partners to support 108,000 jobs in the USA

Posted 25 July 2016

Etihad Aviation Group (EAG) and its equity partner airlines will support 108,000 jobs across the USA in 2016 and make a US$10.7 billion contribution to the national economy this year, demonstrating a significant impact in one of the

in Business & Finance / Maintenance

Mubadala sells controlling interest in SR Technics

Posted 16 July 2016

Abu Dhabi aerospace investment company Mubadala has sold its majority shareholding in MRO company SR Technics to China's HNA Group.

in Business & Finance

Qatar Airways Group announces 8.6 percent operating profit margin for 2016

Posted 11 July 2016

Qatar Airways Group announced a 3 billion QAR operating profit for fiscal year 2016 - nearly three times greater than fiscal 2015 profit of 1.1 billion QAR, resulting in an 8.6 per cent operating profit margin,

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Other News

Etihad Airways sells minority stake in Darwin Airline

Etihad Airways has sold its minority stake in European regional carrier Darwin Airline.

Royal Jordanian releases financial results for first half of 2017

Royal Jordanian's Board of Directors approved the reviewed financial results for the first six months of this year during its session held on July 29, 2017. The results showed the company registered a net loss of JD26.3 million, driven by

Boeing reports strong second-quarter results

The Boeing Company has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance.

Emirates and The Football Association in three-year extension

Emirates and The Football Association have agreed a three year contract extension to their existing partnership. The agreement will see the tournament continue to be named The Emirates FA Cup through until 2021.

Emirates terminates TAAG Angola management contract

Emirates has terminated, effective immediately, a ten-year Management Concession Agreement with TAAG Angola Airlines, reports ch-aviation.

Middle Eastern carriers posted a 2.5% traffic increase in June

The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago period.

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