Munich-based aviation finance arranger EMP, working in conjunction with Aviation Finance Company (AFC), Dubai Islamic Bank (DIB) and a German institutional investor, closed a ten-year sale lease-back transaction with Emirates for a 2013 vintage A380-800.
Abu Dhabi Aviation (ADA) – the Middle East's largest commercial helicopter operator – is gearing up for expansion in Saudi Arabia following the competition of a financial feasibility study and business plan by its joint venture ADA Millennium Consulting (ADAME).
Organisers of the Middle East and North Africa Business Aviation Association (MEBAA) 2017 have announced a new location at Marrakesh Menara Airport, from 12-13 September.
Qatar Airways Cargo will this week transport 118 of the world's most admired show jumping and dressage horses from Liege, Belgium to Doha, Qatar on board three specially chartered Boeing 777 freighters equipped with air stables designed to allow the precious cargo to travel in maximum comfort.
Emirates has launched its first non-stop service between Dubai and Auckland, one of the world's longest scheduled flights, bringing 39 European destinations and another 38 in Africa and the Middle East within just one stop of New Zealand.
Aviation Advisory and Consultancy experts Avisa Gulf, based in the UAE, has joined forces with Rose Aviation of Ireland, an international helicopter technical services provider, to offer a comprehensive suite of helicopter technical services in the UAE.
Emirates has come out on top again as the world's most valuable airline brand, according to the 2016 Brand Finance Global 500 report, which was released yesterday.
The route will increase capacity by adding another daily flight from the airline’s hub in Abu Dhabi. Founded in 2004, the route has now carried over two million passengers.
The current longest route in the world is the Qantas operation between Sydney and Dallas Fort Worth. For a long time, Singapore Airlines had held the position of operating the world's longest scheduled flight, however, the closure of its non-stop links from Singapore to Los Angeles and New York after its retirement of its Airbus A340-500 fleet earlier this decade, has meant the Pacific connection of Qantas Airways between Sydney and Dallas, a 16 hour 55 minute, 8,500+ mile journey, took over as the longest commercial passenger route.
The new non-stop link between Doha and Yerevan will commence from May 15, 2016 with a four times weekly service being flown using an Airbus A320 configured in a two-class arrangement with 12 seats in Business Class and 132 in Economy Class. The new route is understood have been facilitated by Qatar Airways’ network expansion across the US, a market which has strong links back into Armenia, but with limited current connectivity.
As part of its on-going commitment towards global education, Etihad Airways has helped to renovate three schools in the remote areas of Kakamega County in western Kenya to create a brighter future for underprivileged children.
Boeing has said airlines and lessors will continue to have access to efficient funding at attractive pricing throughout 2016 as new participants enter the aircraft financing industry and current participants innovate and provide more options.
ATR achieved a new record turnover in 2015, increasing to 2 billion dollars (2014: 1.8 billion). During the year, the aircraft manufacturer also set a new record in terms of aircraft deliveries, with a total of 88 aircraft (2014: 83), an increase of 72% over the 51 deliveries made in 2010.
The route, which departs from Dubai, will see an increased capacity due to a replacement of aircraft. This increase will help to meet the growing demand on the route into the African countries.
The latest UNWTO World Tourism Barometer highlights that growth in advanced economy destinations (up five per cent) exceeded that of emerging economies (up four per cent) in 2015, boosted by the solid results of Europe (up five per cent). By region, Europe, the Americas and Asia and the Pacific all recorded around five per cent growth in international arrivals in 2015, while the Middle East increased by three per cent while Africa saw an estimated three per cent decrease, mostly due to weak results in North Africa, which accounts for over one third of arrivals in the region.
Etihad Airways has launched its community outreach programme with donations of air tickets, blankets and school supplies to the Whisper Children's Home in Mutai, Uganda.
