Al Jaber Engineering and Contracting has been awarded a Dh4.3 billion ($1.17bn) contract to build Dubai International Airport's Concourse 3, according to COO Fatima Obaid Al Jaber.
Jordan Aviation and Syrian Arab Airlines have finalised a lease agreement for an Airbus A320. Syrian Arab Airlines will lease the aircraft for a year following a successful trial month.
Aircraft maker Boeing said market conditions are challenging the availability of aircraft financing but the conditions are creating opportunities for willing investors.
The Arab race for space is well underway with the news that space & satellite experts from the MENA region will host the Global Space Technology Forum in Abu Dhabi while the UAE confirms its first government satellite will launch in the summer.
Royal Jordanian Airlines has paid the penalty for over-estimating the potential cost of aviation fuel and seen its pre-tax profits for 2008 wiped out by losses on fuel hedging.
Hawker Beechcraft has reported lower net sales and an increased operating loss for the three months ending March 29, compared to the same period in 2008
Australia's Leighton Holdings has said that the Al Habtoor Leighton group and its joint venture partners Murray and Roberts and Takenaka had come to a mutual agreement with the Dubai Department of Civil Aviation to withdraw from a $2bn contract to build the Dubai Airport Concourse 3.
Despite the global financial slowdown one area of massive investment in infrastructure is still attracting attention. Throughout the Middle East, airports are expanding to meet the increased traffic demands that the region is predicting.
EADS's former military transport aircraft division, MTAD has been fully integrated into Airbus, it was announced today. As a new Airbus business unit, 'Airbus Military' will be accountable for all military activities within Airbus. The integration and "Day 1" of the new unit - celebrated in Seville/Spain today - follows an EADS Board decision of December 2008.
Qatar Airways and IATA have signed an agreement to "spearhead a truly global carbon offset trading scheme designed to help fund global environmental projects".
Oman Air said it has received a $650 million government bailout that will enable it to expand during the current difficult trading environment, MEED has reported.
The $39 million expansion of the departure terminal at Muscat's international airport has been completed and the final bidders for the new airport development have also been confirmed
Etihad Airways has signed an agreement with Abu Dhabi's Masdar to reduce the airline's carbon footprint through sustainable and energy efficient measures.
Dubai-based Palm Aviation has reported strong 2008 financial results as the company stays on course to deliver planned revenue growth of 35 per cent per annum over the next five years.
Jazeera Airways' newly appointed chief executive Andrew Cowen has said that the airline has 25% fuel hedging requirement for the second quarter of this year.
Etihad Airways has announced plans to launch its own destination management company (DMC) yesterday. The DMC will provide a diverse range of leisure and business activities for visitors to Abu Dhabi and the UAE.
Russian business aviation show Jet Expo will still go ahead from September 16 to 18 at Moscow's Vnukovo-3 Airport organisers have said. Citing that it is the only event dedicated to business aviation users in the CIS territories.
DAE Capital, the aircraft leasing division of Dubai Aerospace Enterprise, has delivered its first Boeing 777 Freighter aircraft to Emirates' SkyCargo freight arm.
Farnborough International Limited has said it is on track for a good Bahrain airshow and has confirmed its first run of chalet sales for the inaugural Bahrain International Airshow.
The first of the true VLJ air taxi aircraft - The Eclipse 500 - has been thrown a lifeline with the formation of yet another company to acquire and operate the assets of the failed business jet programme
