DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), has delivered the first Boeing 737-800 Next-Generation aircraft to Garuda the national flag carrier of Indonesia.
BAE Systems Asset Management has won an exclusive global remarketing mandate from Q Aviation of Fort Worth, Texas to arrange the sale of an Airbus A318 into corporate/VIP markets and will be looking at the Middle East for potential buyers.
Royal Jordanian has posted net profits of around JD7.7 million ($10.8m), compared to a JD4m ($5.6m) net loss incurred during the same period of last year. The gross profit reached around JD19m ($26.8m), against an operational loss of around JD3m ($4.23m) for the comparison period.
Qatar Airways aims to be fully government-owned by the end of the year or early 2010, a move that the carrier says will pave the way for an initial public offering, the airline's chief executive said in a report by Reuters.
More speakers have been unveiled for the Aviation Asset Management in the Middle East"conference will take place on Thursday 12th November 2009 in Dubai, alongside the Dubai Air Show.
The European Union should scrutinise more closely the competitive advantage enjoyed by transatlantic airline alliances to ensure they do not violate antitrust rules, Emirates said, reported Reuters. Emirates maintains its independence from any alliance.
Abu Dhabi's Aabar Investments and Virgin Group announced today that they have agreed to enter a strategic partnership, which will see Aabar take an equity stake in the world's first commercial spaceline - Virgin Galactic. To date, Virgin Galactic has been wholly owned and funded by Sir Richard Branson's Virgin Group.
Abu Dhabi-heavyhearted Maximus Air Cargo has started operating seven cargo flights a week for Etihad Airways between the Middle East, the Indian sub-continent, East Africa and will add Libya, Italy, and China from September it announced today.
Bahrain's sovereign wealth fund Mumtalakat is seeking advisers to help it rebuild the business of state-owned carrier Gulf Air, it said in a statement on Sunday, reported Reuters.
Under the high patronage of His Excellency Abdul Aziz Al Noami, Chairman of the Qatar Civil Aviation Authority, the Doha Aviation Summit will take place from the 25 to 27 October 2009 and will discuss current challenges and determine the future strategy of the industry.
The organisers of the Bahrain International Airshow have awarded a $28million (£17m) contract to Arena Group and Lea International to construct the buildings and the interiors for the show.
Airfinance Journal and Euromoney Seminars is to host an inaugural Middle East aviation financing event from September 27 – 28 at the Jumeirah Emirates Towers Hotel, Dubai under the banner of 2009 Middle East School of International Aviation Finance.
Royal Jordanian has adopted the Group Revenue Management System from PROS as it seeks to automate processes and help meet the increasing demand of group bookings, particularly in the high season.
Kuwait's Aviation Lease and Finance Co (ALAFCO) posted a 50% rise in net profit in the third quarter of the fiscal year ending September 30, reported Reuters.
BAE Systems Asset Management is to sponsor a one-day conference called Aviation Asset Management in the Middle East which will be held on Thursday 12th November 2009 at the Sheraton Jumeirah Beach Resort & Towers in Dubai.
A row has broken out between Algeria's Tassili Airlines and the Brazilian airframer Embraer that has seen Embraer disqualified from the airline's fleet renewal programme
Saudi Arabia's advisory Shura Council recommended yesterday an initial public offering for flag carrier Saudi Arabian Airlines, instead of selling off its units piecemeal in a privatisation effort, reported Reuters.
Aviation Lease And Finance Company (ALAFCO) has delivered nine aircraft so far this year to four customers as planned, said company chief Ahmad Alzabin.
Dubai's low cost airline Flydubai, has agreed a deal to finance four Boeing 737-800 aircraft (worth US$320m), with GE Capital Aviation Services (GECAS). The sale and leaseback agreement covers aircraft due to be delivered to flydubai from Boeing throughout the remainder of 2009, with two expected in July, one in October and one in December.
FlyDubai has signed a deal with GE Capital Aviation Services (GECAS) for the sale and leaseback of four Boeing 737-800 narrowbody airliners worth $320 million.
Cessna has, announced an agreement with the Turkish SSM (Undersecretariat for Defence Industries of the Ministry of National Defence) for 46 new 182 Turbo Skylane single-engine piston aircraft.
Abu Dhabi Department of Transport (DoT) is hosting the 13th Air Transport Research Society World Conference at the Hilton, Abu Dhabi which opens tomorrow and runs until Tuesday (June 30).
