Over the next decade $121.3 billion is set to be spent on C4ISR and armed ISR aircraft, with $55.4 billion of the total already under contract, Aviation Week predicts.
High oil prices are also a huge concern to an air cargo industry that was dealing with tariff turmoil before the Israeli and U.S. attacks on Iran in February.
EASA has extended its Conflict Zone Information Bulletin once again, advising airlines not to operate in the airspace of several countries in the Middle East.
Tunisia has announced plans to expand Tunis-Carthage International Airport, pledging investment of around $1 billion to boost its passenger throughput.
LCC Transavia has four Middle East destinations currently suspended along with a decline in bookings to neighboring countries like Cyprus, Egypt and Turkey.
By Helen Massy-Beresford, Ella Nethersole, Kurt Hofmann
As the U.S./Israel war against Iran stretched into a third day on March 2, airlines around the world that rely on Gulf hubs for connecting flights faced ongoing disruption.
AviLease grew its revenue 19%, expanded its fleet to 202 aircraft, secured investment-grade ratings and supported Riyadh Air’s launch with key leasing deals.
FlyDubai plans to drive growth with fleet expansion, new destinations and sustainability initiatives, after achieving strong revenue and passenger growth in 2025
Maldives-based premium leisure airline, Beond, has signed an LOI with Bahrain's civil aviation regulator to explore the establishment of a Bahrain-based AOC.
Muscat-based BlueFive Capital's new aircraft leasing and asset management platform aims to strengthen the Gulf region’s role in global aviation finance.
Aviation Week’s recently released 2026 Military Fleet & MRO Forecast identifies open requirements for the delivery of 6,513 new-build military aircraft worth $250 billion over the next decade.