On the 23rd of January, Emirates – world’s largest long-haul airline – announced its newest Dubai-Newark route with a stop in Athens, Greece. This development triggered an immediate response from US airlines that blame the Dubai-based carrier of unfair competition due to state subsidies. The Dubai-Athens-Newark route, along with the already operated Dubai-Milan-New York route […]
Mitsubishi Heavy Industries (MHI), the parent company of Mitsubishi Aircraft Corporation, announced that MHI and Mitsubishi Aircraft Corporation will adjust the first delivery of the Mitsubishi Regional Jet (MRJ) from mid-2018 to mid-2020. The change is due to revisions of certain systems and electrical configurations on the aircraft to meet the latest requirements for certification. […]
The National Association of Freight and Logistics (NAFL), the oldest association of freight and logistics service providers in the Middle East, has announced the appointment of Abdullah bin Khediya as the General Coordinator of the association to support NAFL’s objectives aimed at promoting the importance of the UAE as a global hub for cargo and […]
Gulf Air has moved its Cairo operations to Terminal 2 at Cairo International Airport. All Gulf Air flights between Bahrain and Cairo – a total of two scheduled flights each day – will arrive and depart from Terminal 2. Gulf Air chief executive Officer Maher Salman Al Musallam said: “We are delighted to commence operations […]
Rolls-Royce announced that it has entered into a Deferred Prosecution Agreement (DPA) with the UK’s Serious Fraud Office (SFO) with the approval of the President of the Queen’s Bench Division (The Right Honourable Sir Brian Leveson) and published by the SFO. The company has also reached a DPA with the US Department of Justice (DoJ) […]
United Airlines has reported full-year net income of $2.3 billion, diluted earnings per share of $6.85, pre-tax earnings of $3.8 billion and pre-tax margin of 10.4 per cent. Excluding special items, UAL reported full-year net income of $2.9 billion, diluted earnings per share of $8.65, pre-tax earnings of $4.5 billion and pre-tax margin of 12.2 […]
Safran, an international high-technology group, and Zodiac Aerospacea global leader in Aerosafety, Aircraft systems, Seats and Cabins, announced that they have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47 per share and a subsequent merger on the basis of 0.485 Safran shares for one […]
On the 18th of January, James Hogan, the current CEO of Etihad Airways, denied the recent media reports about a possible investment in German flag carrier Lufthansa. He, however, disclosed that the two companies were in talks to increase co-operation, following the code-sharing agreement they announced in December 2016. The rumors about Etihad buying a […]
German flag carrier Lufthansa and Dubai-based airline Etihad are negotiating the possibility of a merger, according to an article in Italian newspaper Il Messaggero published on the 17th January based on anonymous industry sources. According to Il Messaggero, chief executives of both airlines have been discussing the possible merger for the last couple of weeks. […]
AirBridgeCargo Airlines’ (ABC) growing fleet and network helped it exceed 1,000 Boeing 747 freighter flights at Amsterdam Schiphol and Frankfurt airports for the first time in 2016. AirBridgeCargo is now the largest all-cargo operator in Amsterdam and the second largest airline overall for tonnage after the national carrier. It is also the second biggest cargo […]
