Abu Dhabi National Leasing Company (ADNL), the wholly owned lease finance arm of the National Bank of Abu Dhabi (NBAD), Abu Dhabi's largest bank has signed an MoU with European manufacturer Airbus to cooperate on aircraft financing and leasing.
Emirates Airline needs about $5 billion to pay for the new aircraft it needs in 2013 to meet its growth targets. According to Brian Jeffery, senior vice-president for corporate treasury, in an interview with Bloomberg yesterday, the money will be raised from “a mixture of all the sources we have considered in the past, so commercial bank, operating leases, some export credits,”
Aviation professionals, engineers and selected students gathered in Muscat this weekend for a key event in the Omani aviation calendar. 'The Future by Airbus' showcased Airbus's vision of sustainable aviation in 2050 and beyond and included a special screening of 'Smarter Skies' – a 20 minutes movie. Airbus also presented a market forecast and talked about the future of flight, relevant innovations and talent.
Kuwait privately owned airline Jazeera announced record earnings today when it revealed its 2012 figures. The company declared a record net profit of $48.8million (KD13.9 ) up 32% from the previous year.
The biennial Gulf Aviation Training Event (GATE) takes place alongside the Dubai Airshow, 18 - 19 November 2013 at a brand new venue - Dubai World Central (DWC).
Air Arabia, reported today that it carried a record 1,445,783 passengers in first quarter ending March 31, 2013, a 17.5 per cent growth compared to the first quarter 2012.
Sheikh Zayed Air Navigation Center, an entity of UAE General Civil Aviation Authority (GCAA), organised and hosted a workshop to pilots and air traffic controllers around air traffic operations in the southern part of UAE airspace.
Donaldson Aerospace & Defense is expanding its strategic alliance with Bahrain-based Global Aviation Services (GAS) to cover sales and support of filtration solutions for fixed-wing general aviation aircraft and military ground vehicles, as well as helicopters in key Middle Eastern markets.
The British Aviation Group (BAG), the leading representative body for UK companies involved in the airport and aviation development sector, is coordinating the UK Pavilion at the Airport Show Dubai from May 6-8.
More than 400 experts will converge on Abu Dhabi next month to examine the latest space technology and emerging commercial and investment opportunities.
Etihad Airways and Jet Airways announced today that the UAE national carrier will subscribe for 27,263,372 new shares in the Indian airline at a price of INR754.74 per share. The value of this equity investment is US$379 million and will result in Etihad Airways holding 24 per cent of the enlarged share capital of Jet Airways.
At the 13th edition of the Dubai Airport Show from May 6–8, 2013, ADB Airfield Solutions is showcasing its end-to-end approach to enhancing runway safety, whilst reinforcing its commitment to the Middle East.
Abu Dhabi's Royal Jet president Shane O'Hare, said the development of a strong infrastructure is one of the main ingredients of a successful business formula for the Middle East's business aviation industry.
