Air Arabia achieved a net profit of AED103 million ($27.81m) in the first quarter marking a 32% increase on last year's AED78m ($21.06m). The carrier posted a turnover of AED463m ($125m) in the first quarter of 2009, up 21% compared to AED383m ($91.26m) during the first quarter of last year.
EBACE: Project Phoenix, the Dubai-based specialist for converting airliners for VIP/executive use, has signed an agreement with American firm, Spectrum Aeromed, to develop a dedicated air ambulance version or to offer a quick change fit option.
The Yemeni Ministry of Transport plans to announce an international tender for companies wishing to develop and operate the Sana'a and Aden airports the Yemen Post has reported.
Mercator's RAPID revenue accounting solution has experienced an upsurge in demand during the last financial quarter, with a number of airlines signing new contracts for the first time the Dubai-based business technology provider has said.
Saudi Arabia will double its monthly spot aviation fuel supply available for exports starting in May due to lower domestic consumption, reported Reuters.
Following a poor first quarter Royal Jordanian's net loss has almost doubled to $12 million (JD8.5m) compared to a loss of $6.2m (JD4.4m) for the same period last year.
Passengers have been 'brainwashed' into thinking that air travel is cheap and airlines both network and low cost carriers need to review the way they operate and think innovatively if they are to survive - that was the key message to come from a panel session at the Aviation Outlook Conference in Abu Dhabi .
The Arab Air Carriers Organization (AACO) ihas announced the date of its 42nd Annual General Meeting - under the Patronage of HRH Prince Sultan Bin Abdulaziz, Crown Prince, Deputy Premier, Minister of Defense & Aviation and the Inspector Genera - at Jeddah Hilton Hotel in Saudi Arabia on 17-19 October 2009.
Luxury executive jet company Royal Jet will join airlines from around the Middle East in supporting the Arabian Travel Market which opens at Dubai International Convention and Exhibitrion Centre on May 5 and runs until May 8. Royal Jet is the only private aviation company exhibiting at ATM and as a major stakeholder in the development of Abu Dhabi has partnered with Abu Dhabi Tourism Authority.
Celebrating performance excellence in the logistics sector, the 2009 Middle East Logistics Awards will present 24 awards in various categories at a gala ceremony on Tuesday 30th June, 2009.
Chairman and CEO of Kuwait's ALAFCO, Ahmad Alzabin, announced that the operating profit of the company during the first half of its current fiscal year reached KD6.2m ($21.2m) million, and that ALAFCO earned a net profit of KD3.2m ($11m). The company's assets reached KD317m ($1 billion) and shareholders equity reached KD88.6 million ($303m) during the quarter.
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
