The General Authority of Civil Aviation (GACA) and aviation sector leaders gathered yesterday at the quarterly Saudi Aviation Strategy Steering Committee.
GA TELESIS received undisclosed cash payment under insurance settlement with Russian insurance company, NSK, for two narrowbodies formerly leased to ROSSIYA, detained in Russia. It has now released claim against all relevant parties.
US DOT reports US scheduled pax airlines recorded $1.6b cumulative net profit in 3Q23 (vs $2.4b in 3Q22) on $62b operating revenues ($47b in fares, $1.9b in baggage fees and $268m in reservation change fees) vs $58.2b a year ago.