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Etihad upbeat on earnings outlook

Etihad upbeat on earnings outlook

Abu Dhabi-based airline Etihad Airways is upbeat on its future earnings after posting its first full-year profit in 2011, its chief commercial officer told Reuters on Wednesday.

March 8, 2012 3:56
 
All systems go: Dubai focuses on stronger aviation business

All systems go: Dubai focuses on stronger aviation business

With the Middle East’s aviation industry fast becoming the world’s strongest and Dubai’s need for more revenue generation, the emirate is banking on its aviation industry as a solid net.

March 6, 2012 12:55
 
Emirates Airline to raise $517M Islamic loan

Emirates Airline to raise $517M Islamic loan

Dubai's Emirates airline has hired three local banks to arrange a 1.9-billion dirhams ($517.3 million) Islamic loan facility to finance three aircraft, the chief executive of one of the banks confirmed on Tuesday.

February 7, 2012 3:12
 
SpanAir ceases operations, cites financial woes

SpanAir ceases operations, cites financial woes

Loss-making Spanish airline Spanair ceased operations on Friday night, grounding all its airplanes after its owner, citing the country's economic crisis, said it would not sink any more money into the company.

January 28, 2012 12:57
 
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