Business and finance | Times Aerospace

Business and finance

AerCap and EgyptAir strengthen strategic partnership

09 May 2025

Aircraft leasing company AerCap and EgyptAir have deepened their partnership to support EgyptAir’s fleet modernisation and expansion strategy.

Business and finance

Emirates Group achieves record profit of US$ 6.2 bn in 2024-25

08 May 2025

The Emirates Group today released its 2024-25 Annual Report, achieving new record profit, EBITDA, revenue, and cash balance levels.

Business and finance

AviLease obtains investment grade ratings from Moody’s and Fitch

07 May 2025

AviLease has received investment grade corporate credit ratings of Baa2 with a stable outlook from Moody’s Ratings (Moody’s) and BBB with a stable…

Business and finance

Flynas announce IPO to accelerate growth ambitions

06 May 2025

Flynas, Saudi Arabia’s low-cost carrier, said it will proceed with an initial public offering (IPO), under which it will sell shares representing 30%…

Air transport

IATA: Aviation is a key contributor to Egypt’s economy

29 April 2025

IATA has released a study measuring the significant economic and employment benefits aviation (including aviation-related tourism) generates for…

Business and finance

AviLease closes $1.5bn revolving credit facility

28 April 2025

Global aircraft lessor AviLease, headquartered in Saudi Arabia, has closed an unsecured revolving credit facility (RCF) of $1.5bn.

Business and finance

Boeing opens new administrative office in Ethiopia

23 April 2025

Boeing has expanded its presence in Africa with the opening of a new office in Addis Ababa, Ethiopia, to serve as the company’s administrative hub in…

Air transport

IATA highlights aviation’s substantial economic impact in the UAE

16 April 2025

IATA has released a study quantifying the substantial value that aviation (including aviation-related tourism) generated for the UAE in terms of jobs…

Air transport

Indian travellers can benefit from UAE-India air services liberalisation

02 April 2025

A well-planned expansion of India–UAE air services will drive economic growth, create jobs, boost trade and tourism, and strengthen bilateral ties,…

Airports

Morocco to invest $1.5 billion expansion of Casablanca airport

27 March 2025

Morocco’s airport authority ONDA said it plans to invest $1.55 billion to build a new terminal at its largest airport, Casablanca.

Airports

Ethiopian Airlines and AfDB to build Africa’s largest airport

17 March 2025

Ethiopian Airlines has signed an agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International…

Business and finance

Dubai Aerospace Enterprise to acquire 17 aircraft for US$1.0 Billion

14 March 2025

Dubai Aerospace Enterprise (DAE) has recently signed agreements with multiple counterparties to acquire 17 aircraft for an aggregate consideration of…

Business and finance

Zela Aviation to support ACMI leasing with XEJet Nigeria

12 March 2025

Zela Aviation has entered a strategic partnership with Nigerian airline XEJet, having been mandated to promote the availability of its Embraer E145…

Events

Aviation India 2025 announces supporting Association partners of India

11 March 2025

Times Aerospace Events will host the second Aviation India and South Asia Summit and Exhibition from 29-30 October 2025 at the JW Marriott, Aero City,…

Business and finance

Turkish Airlines reports US$2.4 billion profit for 2024

05 March 2025

Turkish Airlines made US$2.4 billion profit in 2024 in what the airline said was a ‘challenging’ aviation industry hit by geopolitical and global…

Air transport

Qatar Airways Group and Virgin Australia enter partnership

27 February 2025

The Australian Government has approved Qatar Airways Group’s minority 25 per cent stake in Virgin Australia.

Business and finance

Flydubai reports strongest Financial Results in its 15-year history

24 February 2025

Flydubai has reported ‘record-breaking’ annual results for its financial year ending 31 December 2024.

Business and finance

Etihad announces highest ever profit of US$476 Million in 2024

19 February 2025

It saw a US$ 476 million profit after tax driven by US$ 5.7 billion passenger revenue and US$ 1.1 billion cargo revenue, alongside significant…

Events

ABU DHABI: ICAO’s Finvest Hub drives sustainable aviation investment

12 February 2025

The ICAO Finvest Hub is a global platform designed to connect aviation stakeholders with investors, financial institutions, and policymakers to…

Events

Airlink receives 2025 Ubuntu Economic Diplomacy Award

11 February 2025

Airlink has received the Department of International Relations & Cooperation’s 2025 Ubuntu Economic Diplomacy Award for a South African business…

Events

ABU DHABI: Global ministers call for continued investment in aviation

10 February 2025

Aviation remains a critical lifeline for remote regions and a key driver of economic growth.

Air transport

Boeing forecasts growth for India’s commercial fleet over next 20 years

07 February 2025

Boeing forecasts India and South Asia’s commercial aircraft fleet will grow nearly four-fold over the next 20 years.

Events

Egypt and the UK strengthen aviation ties

04 February 2025

Dr. Sameh Elhefny, Egypt’s Minister of Civil Aviation, has participated in a dialogue session titled “Shaping the Future of Egyptian Civil Aviation”…

General aviation

Airbus Helicopters chief upbeat on Middle East market after strong 2024

28 January 2025

Airbus Helicopters sees continued strong demand in the Middle East after boosting total orders by around 10% in 2024 across civil and military…

Business and finance

GACA of Saudi Arabia to showcase investment opportunities

20 January 2025

GACA of Saudi Arabia will present aviation investment opportunities on the sidelines of the World Economic Forum Annual Meeting in Davos this week.

Business and finance

Etihad Airways finished 2024 with continued brisk performance

14 January 2025

Etihad Airways has released its traffic statistics for December 2024 showing the airline welcomed 1.7 million guests during the month.

Air transport

GACA announces 'exceptional growth' in Saudi’s aviation sector during 2024

10 January 2025

Saudi Arabia’s aviation sector saw ‘exceptional growth’ in 2024, reports The General Authority of Civil Aviation (GACA).

Business and finance

DAE signs agreement to acquire Nordic Aviation Capital

09 January 2025

Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire 100% of the Nordic Aviation Capital group of companies (NAC), an aircraft leasing…

Business aviation

Embraer delivered 206 new aircraft during 2024

09 January 2025

Embraer delivered 75 aircraft in 4Q24 – or 27% higher than in the previous quarter when 59 aircraft were delivered.

Business and finance

Kenya Airways share-trading in Nairobi to resume

07 January 2025

Trading in shares of Kenya Airways has resumed after being suspended for more than four years, the Nairobi stock exchange has revealed.

Business and finance

Making fund of leasing...

30 December 2024

MENA players will have a significant and strategic role within the aircraft leasing market in the coming years. Ali Ben Lmadani, CEO ABL Corporation…

Air transport

Pegasus Airlines orders 200 Boeing 737-10 aircraft

20 December 2024

Pegasus Airlines has signed an agreement with Boeing for 200 Boeing 737-10 aircraft.

Business and finance

Saudi's sovereign wealth fund PIF secures 15% stake in LHR

16 December 2024

Saudi's sovereign wealth fund PIF has secured a 15% stake in London Heathrow Airport (LHR).

Business and finance

SAA reports profitability for first time since 2012

25 November 2024

South African Airways (SAA) has achieved its first net profit in over a decade, signalling a major milestone in the airline’s recovery journey.

Technology

Why fortifying cyber security defences is key to aviation future

24 November 2024

Three managing directors from Accenture Middle East : Ahmed Etman, MD cybersecurity practice; Radwane Saad, MD cyber strategy; and Abedalqader…

Business and finance

Etihad Airways sees US$ 368 million profit after tax in last year

14 November 2024

Etihad Airways’ financial results for the nine months ended 30 September 2024, achieving US$ 368 million profit after tax.

Air transport

New airline hopes for Cabo Verde

12 November 2024

A new regional start-up airline is hoping to fill the aviation gap in service routes within the Cabo Verde islands.

Air transport

Emirates reports record breaking half year results

07 November 2024

The Emirates Group has releases its ‘half-year financial performance, posting a profit before tax of AED 10.4 billion (US$ 2.8 billion) for the first…

Air transport

Turkish Airlines increased passenger capacity by 5.4% in Q3 2024

06 November 2024

Turkish Airlines has continued its growth as it increased passenger capacity by 5.4% in the third quarter of 2024.

Business and finance

Jazeera Airways' sees strong performance during 2024

04 November 2024

Jazeera Airways has released what it says is a ‘strong’ set of financial results for the third quarter of 2024.

Business and finance

Aviation’s ‘substantial’ contribution to Dubai’s economy revealed in report

24 October 2024

Emirates Group and Dubai Airports have released an economic impact study that reaffirms the central role aviation plays in Dubai’s economy.

Maintenance

Sanad and Etihad Airways announce strategic transaction

22 October 2024

Sanad has announced the sale of 16 aircraft engines to Etihad Airways - a landmark agreement valued at approximately USD 408,387,000. (AED 1.5…

Business and finance

IndiGo Ventures gets SEBI approval to launch Venture Capital Fund

15 October 2024

IndiGo has announced IndiGo Ventures, its corporate venture capital fund, has received the Alternative Investment Fund approval from Securities and…

Air transport

Qatar Airways to acquire 25% stake in Virgin Australia

01 October 2024

Qatar Airways is to take a 25% stake in Virgin Australia from private equity firm Bain Capital.

Events

Global Aerospace Summit to focus on aerospace investments, and space

24 September 2024

Global Aerospace Summit is set to drive greater sustainability, youth engagement, and innovation across the industry.

Business aviation

Morocco dominates business aviation sector - Ionic

24 September 2024

Ionic Aviation has released its latest fleet analysis of business aircraft in the North Africa region showing Morocco is dominating the sector.

Business and finance

VistaJet connects China-Africa business tie

11 September 2024

VistaJet brought business leaders and governments together to the 9th Forum of China-Africa Cooperation (FOCAC) in Beijing from September 4 to 6.

Business and finance

Afrijet becomes national airline of Gabon

02 September 2024

The government of the Gabonese Republic has acquired a 56% majority shareholding in the private airline Afrijet - via its new holding company Fly Air…

Business and finance

Turkish Airlines completes financing of two A350s in Swiss Franc

27 August 2024

Two new-generation A350 aircraft that joined Turkish Airlines fleet in August 2024 are financed in Swiss Franc by KfW IPEX-Bank.

Business and finance

Qatar Airways acquires 25% stake in Airlink

20 August 2024

Qatar Airways Group has acquired a 25% stake in Southern Africa’s premier independent regional carrier, Airlink.

Technology

EMMA Systems welcomes investment from Al Khor Holding

20 August 2024

Al Khor Holding, a Qatari-based company with a globally extensive investment portfolio across private and public equity, has chosen to invest in EMMA…

Business and finance

Etihad Airways welcomed 1.7 million passengers in July

16 August 2024

Etihad Airways welcomed 1.7 million passengers, achieving a robust average load factor of 89% for the month.

People

African aviation veteran Nick Fadugba dies

15 August 2024

Veteran African aviation journalist, event organiser and consultant, Nick Fadugba has died suddenly aged 69.

Business and finance

Jazeera Airways rebounds with strong 2Q and mid-year 2024 results

08 August 2024

Jazeera Airways has reported strong results for the second quarter and mid-year 2024.

Business and finance

Etihad reports 48% increase in profits in first half 2024

08 August 2024

Etihad Airways has reported its H1 2024 results, recording a 48 per cent increase in profit after tax achieving AED 851 million (U.S.$ 232 million).

People

Al-Meer speaks out on strategy changes at Qatar Airways

05 August 2024

Badr Mohammed Al-Meer, the new CEO of Qatar Airways, is speedily stamping his own management philosophy and personal values on the airline.

Business and finance

Royal Jordanian CEO says war on Gaza has ‘posed major challenges’

31 July 2024

Royal Jordanian’s (RJ) Board of Directors has approved the company's financial results for first half of 2024 showing the war on Gaza has impacted the…

Technology

Ethiopian Airlines lays a foundation for the future with SIRAX solutions

30 July 2024

Lufthansa Systems has said Ethiopian Airlines ‘relies’ on its finance solution SIRAX/Revenue Accounting.

Business and finance

Turkish Airlines secures Chinese Yuan denominated aircraft financing

29 July 2024

Turkish Airlines has added a new currency to its financing portfolio in line with its natural currency hedging policy.

Business and finance

Boeing to strengthen Saudi ties with Riyadh HQ

26 July 2024

During the World Defense Show 2024 in Riyadh, Boeing’s president for Saudi Arabia, Asaad Aljomoai, announced that a formal application had been…

Air transport

Flynas signs agreement for 75 A320neo aircraft and 15 A330neo

25 July 2024

Flynas and MoU with Airbus for 75 A320neo family aircraft and 15 A330-900.

Sustainability

Airbus and Avolon to explore future of hydrogen aviation

24 July 2024

Airbus and Avolon will investigate how future hydrogen-powered aircraft could be financed and commercialised.

Air transport

Qatar Airways to announce African airline deal in “weeks”

24 July 2024

Qatar Airways will announce an equity investment in a southern African carrier within weeks, Group Chief Executive Officer, Engr Badr Mohammed…

Air transport

Flydubai’s expansion plans stunted by delays in Boeing’s delivery schedule

22 July 2024

Flydubai has announced that its expansion plans have been ‘significantly impacted’ by Boeing’s latest update regarding ongoing delays in its aircraft…

Business and finance

IATA: African Airlines set for a small profit in 2024

03 July 2024

IATA has called on Africa’s governments to take advantage of a strengthening aviation sector to maximise its benefits for economic and social…

General aviation

Eve Air Mobility announces $94M new equity to support eVTOL development

02 July 2024

Eve Air Mobility, a global electric vertical take-off and landing (eVTOL) aircraft manufacturer, has announced $94M in new equity financing from…

Business and finance

Qatar Airways Group celebrates net profit US$1.7 Billion for 2023/24

02 July 2024

Qatar Airways Group has reported the strongest financial performance in its 27-year history, announcing record profits of US$1.7 billion for its…

Business and finance

Airbus enters agreement with Spirit AeroSystems

02 July 2024

Airbus has entered into a binding term sheet agreement with Spirit AeroSystems in relation to a potential acquisition of major activities related to…

Business and finance

Boeing to acquire Spirit AeroSystems

01 July 2024

Boeing has entered into a definitive agreement to acquire Spirit AeroSystems.

Business and finance

Emirates Airlines fined by US FAA for airspace violations

18 June 2024

Emirates Airlines has been fined $1.8 million for allegedly flying into airspace prohibited by the Federal Aviation Administration (FAA) while…

Defence

UAE and India sign new defence manufacturing tie

13 June 2024

UAE defence conglomerate, Edge Group, has signed a milestone cooperation agreement with Adani Defence & Aerospace, one of India’s leading defence…

Events

Aviation INDIA 2024 kicks-off in Delhi

12 June 2024

Leaders from across the aviation sector are gathering in New Delhi for the inaugural Aviation India Summit and Exhibition, taking place June 12-13.

Business and finance

Leasing: A key enabler of aviation growth in Africa

11 June 2024

The full-service aircraft asset management firm, ABL Aviation, is strategically expanding its portfolios to capture leasing and financing…

Air transport

AFRAA: African airlines’ performance update

06 June 2024

Africa witnessed a 6% increase in available seats, rising from 15.1 million in May 2023 to 15.9 million in May 2024.

Airports

IATA lauds Nigeria for releasing funds, but slams airport charges

03 June 2024

IATA has scored a spectacular success in releasing blocked airline funds in Nigeria over the past year.

Business and finance

Nigerian Government confirms Nigeria Air remains suspended indefinitely

30 May 2024

Nigerian aviation and aerospace minister Festus Keyamo has said that Nigeria Air remains ‘suspended indefinitely.’

Business and finance

IndiGo to launch a tailor-made business product

23 May 2024

IndiGo plans to launch a tailor-made business product for India’s busiest and business routes.

Events

Future Aviation Forum opening day sees 47 deals worth $19b sealed

21 May 2024

On the first day of the Future Aviation Forum, taking place in Riyadh, 47 deals were confirmed with a value of $19 billion.

Events

Future Aviation Forum highlights role of Saudi’s economic growth

20 May 2024

The General Authority of Civil Aviation (GACA) has confirmed that the aviation sector plays a vital role in supporting economic growth in Saudi…

Business and finance

Emirates Group reports record profit for 2023-24

13 May 2024

The Emirates Group has released its 2023-24 Annual Report, hitting new record profit, revenue, and cash balance levels.

Business and finance

Etihad Airways records profit after tax of U.S.$ 143 million

09 May 2024

Etihad Airways has recorded a profit after tax of U.S.$ 143 million, a significant improvement over Q1 2023, marking a solid start for the 2024…

Business and finance

Paramount and Ichikowitz win case against media for false reporting

08 May 2024

The Press Council of South Africa ruled that ‘Die Vrye Weekblad’, a South African online publication, breached various clauses of the Press Code that…

Business and finance

Jazeera Airways reports financial results for Q1 2024

01 May 2024

Jazeera Airways in Q1,2024 recorded a break even in operations, and reported a net loss of KD 2.7 million ($8,754 USD).

Airports

TAV Airports served 17 million passengers in Q1,24

30 April 2024

TAV Airports has announced the financial and operational results of the group pertaining to the first quarter of 2024.

Business and finance

Royal Jordanian issues the financial results of 2023

30 April 2024

Royal Jordanian (RJ held) its ordinary Annual General Meeting (AGM) on April 29, 2024, with the board discussing the business plan for 2024.

Air transport

Embraer to invest USD$390 million and create another 900 direct jobs

29 April 2024

Embraer plans to invest approximately USD$390 million and hire 900 additional employees in the current year.

Business and finance

Saudia achieves 25 per cent growth in Q1 '24

22 April 2024

Saudia saw a strong performance for Q1 2024, recording a 19% year-over-year increase in the total number of guests during the first quarter.

Business and finance

Embraer sees 67% increase deliveries in 1Q24

22 April 2024

Embraer delivered 25 jets in 1Q24, an increase of 67% compared to the 15 aircraft delivered in 1Q23.

Air transport

Saudia’a brand value grows by 58% since 2021

08 April 2024

Saudia’a brand value has grown by 58% since 2021 according to the Brand Finance Top 50 Airline brands annual report.

Business and finance

Jazeera Airways holds AGM and EGM for 2023

20 March 2024

Jazeera Airways has held its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) at its headquarters in Kuwait.

Business and finance

Air Arabia shareholders approve 20% dividend distribution at AGM

18 March 2024

Air Arabia shareholders approved the distribution of 20 percent cash dividend for the financial year ending December 31, 2023 at the company’s Annual…

Air transport

India’s Jet Airways transfer nears completion

14 March 2024

India’s National Company Law Appellate Tribunal (NCLAT) has cleared the way for the complete transfer of ownership of Jet Airways to the Jalan Kalrock…

Business and finance

Etihad Airways records USD $394 million operating result for 2023

06 March 2024

Etihad Airways has released its results for the full year 2023 recording US$394 million operating result, driven by US$ 1.1 billion year-on-year…

Business and finance

Emirates Skywards enters exclusive multi-year partnership with Visa

26 February 2024

Emirates Skywards has announced an exclusive, multi-year strategic partnership with Visa.

Business and finance

Flydubai announces Record Breaking financial results for 2023

22 February 2024

Flydubai has released its annual results for the financial year ending 31 December 2023, marking the carrier’s strongest-ever performance.

Events

Electric aircraft to 60-tonne tanks will be displayed at WDS

30 January 2024

Cutting edge assets from electric aircraft to 60-tonne tanks will be on display at World Defense Show 2024.

Events

Saudi highlights key investment opportunities at Wings India

22 January 2024

The President of the General Authority of Civil Aviation (GACA) of Saudi Arabia Abdulaziz Al-Duailej has used a speech at Wings India to outline the…

Business and finance

Wizz Air Abu Dhabi sees 'record breaking' year for 2023

15 January 2024

Wizz Air Abu Dhabi has revealed its operational results for 2023.

Business and finance

Flynas' annual performance records historic high in 2023

04 January 2024

flynas reported record results for its performance in 2023 compared to the previous year 2022.

Business and finance

Saudi Aviation records strongest year in 2023

22 December 2023

The General Authority of Civil Aviation (GACA) and aviation sector leaders gathered yesterday at the quarterly Saudi Aviation Strategy Steering…

Business and finance

Wizz Air Abu Dhabi reports operational results for 2023

21 December 2023

Wizz Air Abu Dhabi carried three million passengers in 2023.

Business and finance

Dassault Aviation’s Falcon 6X enters into service

05 December 2023

Dassault Aviation’s Falcon 6X has entered in to service after achieving EASA and FAA approval.

Business and finance

Victor acquired by Abu Dhabi-based Aviation Investment Group

24 November 2023

Jet charter company Victor has been acquired by an Abu Dhabi-based Aviation Investment Group.

Air transport

AFRAA AGM: Kenya operator calls for consolidation

20 November 2023

A Kenyan airline CEO has encouraged airlines in East Africa to think again about consolidation of national carriers to break down barriers to travel…

Air transport

AFRAA AGM: Nigeria's debts threaten airline financial security warns

20 November 2023

IATA’s regional vice president Africa and Middle East, Kamil Al-Awadhi railed against Nigeria’s stance on blocked funds that could cripple African and…

Business and finance

Emirates records record first half profits

09 November 2023

The Emirates Group today announced its best-ever six-month financial result. The Group is reporting a 2023-24 half-year net profit of AED…

Business and finance

Royal Jordanian registers US$ 38,770net profit in Q3

06 November 2023

Royal Jordanian recorded a JD27.5 million (US$ 38,770) net profit after tax in the third quarter of 2023.

Business and finance

IndiGo reports its second quarter fiscal year 2024 results

03 November 2023

IndiGo has delivered profitable growth demonstrating effective execution of its plans and strategy coupled with strong demand.

Business and finance

Qatar Airways Group reports strong first half year financial performance

02 November 2023

Qatar Airways Group has reported a ‘strong’ financial performance for the first half of 2023/2024.

Arabian Aerospace Special Report: Saudi Aviation & Vision 2023

Air transport

Arabian Aerospace Special Report - Saudi Aviation & Vision 2030 out now!

30 October 2023

In this special report: Arabian Aerospace delivers an exclusive overview of Saudi aviation and vision for 2030.

Business and finance

A twist in the tale of the Sukhoi SuperJet 100

18 October 2023

Dubai-based Mark AB Capital Investment (Mark AB) has acquired its entire stake in SuperJet International from Russia's United Aircraft Corporation…

Business and finance

Middle East air connectivity sees 26% growth in 2022

20 September 2023

The Middle East saw a 26% growth in 2022, according to a report by Airports Council International Asia-Pacific and Middle East.

Air transport

Nigeria’s minister of aviation and aerospace refloats leasing idea

19 September 2023

Festus Keyamo, Minister of Aviation and Aerospace reaffirmed Nigeria’s desire to establish an aircraft leasing company in the country.

Business and finance

The lease we can do...

18 September 2023

Saudi Arabia's first aircraft lessor is growing and has ambitions to be a significant player in the leasing arena.

Air transport

Aviation Africa: Air Peace boosts fleet with Embraer jets and MRO deal

14 September 2023

West Africa’s largest carrier - – Nigeria based Air Peace – joined Brazilian manufacturer Embraer and Nigeria’s new Minister of Aviation &…

Business and finance

Kuwait Airways reduces its losses to 50% in 2022

21 August 2023

Kuwait Airways has held its Annual General Meetings (AGM) for the fiscal year ending on 31 December 2022.

Business and finance

Turkish Airlines 635 million USD Net Profit in Q2 of 2023

14 August 2023

Turkish Airlines finished the second quarter of the year with 635 million USD Net Profit with strong recovery on international demand.

Business and finance

Jazeera Airways reports US$ 20,382,553 million net profit for Q1, 2023

08 August 2023

Jazeera Airways has released its financial results for the first half (1H) of 2023 with total revenues up 26.1% to US$ 318,059,468 million.

Business and finance

Qatar Airways Group sees strong financial performance for 2022/23

28 July 2023

Qatar Airways Group has reported a strong financial performance for 2022/23.

Business and finance

Boeing forecasts demand for new aviation personnel over next 20 years

26 July 2023

Boeing has forecast demand for 2.3 million new aviation personnel over the next 20 years with Africa and South Asia being among the fastest growing…

Air transport

IATA urges Sri Lanka to focus on aviation plan for economic growth

14 July 2023

IATA has urged Sri Lanka to develop an aviation blueprint so as to generate greater economic growth and prosperity through having a stronger aviation…

Business and finance

Qatar Airways Group reports record revenues with strong profits

11 July 2023

Qatar Airways Group has reported a strong financial performance for 2022/2023.

Business and finance

Kenya Airways set sights on business recovery by 2024

03 July 2023

Kenya Airways has held its 47th Annual General Meeting (AGM) saying it has set its sights on business recovery by 2024.

Air transport

Sierra Leone joins the IATA Billing and Settlement Plan

22 June 2023

IATA has said that the Billing and Settlement Plan (BSP) has been launched in Sierra Leone, effective August 1, 2023.

Air transport

Strong recovery for Ethiopia’s aviation sector post-COVID

20 June 2023

IATA has called on the government of Ethiopia to act swiftly to clear the $95 million in airline funds blocked from repatriation.

Manufacturing

Superjet International to assemble regional jet in Abu Dhabi

09 June 2023

Italian-based regional jet manufacturer Superjet International is to open a final assembly plant at a newbuild facility at Al Ain in Abu Dhabi.

Air transport

IATA AGM: Al-Awadhi warns Africa’s blocked funds at crisis point

04 June 2023

The escalation of the withholding of funds by African countries to airlines is reaching a critical point warned Kamil Alawadhi IATA’s Vice President,…

Air transport

Air Tanzania receives Africa's first direct Boeing 767F

03 June 2023

Boeing and Air Tanzania are today celebrating the delivery of the airline’s – and Africa’s first 767-300 Freighter.

Business and finance

Pegasus Airlines receives credit rating upgrade

31 May 2023

Turkey’s Pegasus Airlines' strong financial performance in 2022 has resulted in an upgrade in its credit rating.

Air transport

Digitalise borders to unlock Africa’s full potential

30 May 2023

Africa’s immense potential to become a global powerhouse is undeniable. It has all of the ingredients including a market of 1.2 billion consumers…

General aviation

Pipistrel's African boost with Absolute Aviation deal for 11 countries

30 May 2023

Slovenian-based electric aircraft manufacturer Pipistrel, now part of Textron, has appointed Absolute Aviation in South Africa, as its distributor to…

Business and finance

Emirates Group reports annual profit of US$ 3.0 billion

12 May 2023

The Emirates Group has released its 2022-23 Annual Report, reporting its most profitable year ever.

Air transport

Go First files for bankruptcy

03 May 2023

Indian airline Go First has officially filed for bankruptcy blaming ‘faulty’ Pratt & Whitney engines for the grounding of about half its fleet.

Business and finance

Jazeera Airways achieves US $7.5 million net profit in first quarter 2023

02 May 2023

Jazeera Airways has achieved a net profit of KD2.3 million (US $7.5 million ) for the first quarter (Q1) of 2023.

Business and finance

Turkish Airlines announces its strategic plan for the next 10 years

25 April 2023

Founded in 1933, Turkish Airlines has made significant contributions to the Turkey’s economy and employment.

Maintenance

TCR releases Sustainability Report 2023 highlighting progress

19 April 2023

TCR, a global provider of GSE Solutions, has released its 2023 Sustainability Report.

Business and finance

Claims row hots up over airlines stranded in Russia

14 April 2023

The head of one of the world’s largest aircraft lessors has called for the global insurance industry to acknowledge the need to pay out for airliners…