Stefan Pichler the newly appointed CEO of Jazeera Airways will be delivering the keynote address at the three-day Low Cost Airlines World MENA conference at the Al Ain Rotana Hotel, Al Ain, 12 - 14 October
Air Arabia will announce a third hub in weeks and expects full-year profit to be positive, despite excess capacity hitting yields in the second quarter.
A Saudi businessman who bought an aircraft from Saudi Arabian Airlines has said he will sue them for $26 million (SR100m) unless it provides him with the aircraft fully equipped, with all its parts, as displayed before he made the buy, reported news agency Okaz.
Nine aircraft ordered by Baghdad are impounded in Canada as Kuwaitis question ownership. And the Iraqi government has been accused of breaching the terms of a $380m contract to buy new aircraft, according to an adviser to Kuwait Airways, marking a fresh phase in the long-running legal dispute between Kuwait and Baghdad, reported Meed.
Qatar is inviting contractors to bid for a key contract on the $11bn New Doha International Airport (NDIA) project, the state's largest deal so far this year, reported Meed.
Air Arabia has announced its financial results for the period ending June 30, 2009, with a net profit of $52million (Dhs193m). This marks a 21% increase over last year. The carrier reported a 6% increase in turnover to $251m (Dhs922m).
Business and corporate aviation will join civil aviation, training, freight and aircraft interiors companies at the growing Asian Aerospace conference that takes place in Hong Kong October 8-10
Kuwaiti premium carrier, Wataniya Airways, has posted its results for the first half of 2009. The company reported a loss of KD5.9m ($20.6m), which is attributed to the company only beginning flight operations in January.
Major challenges and issues, from airspace congestion and safety of ATC operations will come under the microscope at the Air Traffic Control (ATC) Optimisation Summit Middle East 2009; a four day summit, made up of a two day conference and two days of interactive workshops.
The new chief executive of Gulf Air should cut costs to reduce the losses of Bahrain's state-owned carrier, but laying off nationals in large numbers remains off-limits, members of parliament said on Monday, reported Reuters.
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.
