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).
Egyptian private and public shareholders are teaming up with US leasing business ACG to establish a new joint venture company to provide lease deals to airlines in the Middle East and north Africa.
Oman's government has signed a series of agreements for the construction of a string of new domestic airports as well as the modernisation of the country's two international gateways in Muscat and Salalah, Gulf News has reported.
Abu Dhabi-based Waha Capital has acquired 50% of AerVenture Limited, and aviation leasing company of AerCap, a New York Stock Exchange quoted firm for $135 million, reported the Khaleej Times.
Kuwait Airways will be fully privatised and up and running as a private concern by the end of the year said Minister of Communications and Minister of State for National Assembly Affairs Mohammad Al-Busairi, reported the Kuwait News Agency.
The Bahrain International Airshow, which is due to take place 21-23 January 2010, has signed contracts with the UK's Farnborough International as joint organisers of the inaugural show.
