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Saudi-Arabian-Airlines-Catering-company

Saudi Airline catering unit IPO seeks $350 million

The catering unit of Saudi Arabian Airlines is seeking to raise 1.3 billion riyals ($350 million) by floating 30 percent of its shares, the prospectus showed as the initial public offer opened to retail investors on Monday.

June 18, 2012 6:08
 
solar_impulse-solar energy plane

READY FOR TAKE OFF: The world’s first intercontinental solar plane completes successful maiden trip

A solar energy plane landed in Morocco on Tuesday, completing the world's first intercontinental flight powered by the sun to show the potential for pollution-free air travel.

June 6, 2012 2:45
 
France-UAE-talks-over-Rafale

France-UAE talks over Rafale stalled -report

Negotiations between France and the United Arab Emirates over the potential sale of 60 Rafale warplanes to the Gulf nation have "stalled", La Tribune newspaper reported on Tuesday.

May 30, 2012 12:46
 
Ready for Take Off: An aviation round-up

Ready for Take Off: An aviation round-up

The skies is the limit as Etihad announces a 28 % increase in revenue in Q1, Dubai Duty Free says sales are up 14% and the IATA says Middle East aviation has "now fully recovered" from the recession.

April 4, 2012 2:55
 
Middle East airlines ‘unstoppable’ – Emirates Executive

Middle East airlines ‘unstoppable’ – Emirates Executive

A top Emirates executive has delivered a warning to Europe's struggling airlines that they could lose more business to booming Middle East carriers as they pay the price of years of political neglect.

March 12, 2012 3:49
 
Qatar backs Airbus, Boeing over production flaws

Qatar backs Airbus, Boeing over production flaws

The head of Qatar Airways, usually one of the aircraft industry's fiercest critics, expressed confidence that Airbus and Boeing would resolve a series of high-profile glitches but warned against further production delays.

March 8, 2012 3:43
 
Flying Shoppers: Dubai hopes airline passengers could ease its debt burden

Flying Shoppers: Dubai hopes airline passengers could ease its debt burden

With its bank credit scarce, Dubai is planning to raise at least $500 million by issuing bonds secured against future revenues of Dubai Duty Free. Will shopping save the day?

March 6, 2012 2:18
 
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
 
Royal Jordanian January passenger traffic up 25 percent year-on-year

Royal Jordanian January passenger traffic up 25 percent year-on-year

Royal Jordanian said on Sunday passenger traffic rose 25 percent in January from a year earlier despite the impact of regional unrest on the aviation industry.

February 27, 2012 12:50
 
UAE’s Air Arabia Q4 profits up 7 percent

UAE’s Air Arabia Q4 profits up 7 percent

UAE’s Sharjah-based budget carrier Air Arabia reported a seven percent rise in fourth-quarter net profit, as it introduced new routes despite a challenging environment with ongoing regional unrest.

February 25, 2012 12:33
 
France, Britain agree drone cooperation

France, Britain agree drone cooperation

France and Britain agreed on Friday to jointly work to develop next-generation unmanned drones as part of their military cooperation as their leaders reconciled after an acrimonious clash over Europe last year.

February 19, 2012 9:56
 
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
 
Abu Dhabi’s ‘love affair’ with Seychelles grows stronger

Abu Dhabi’s ‘love affair’ with Seychelles grows stronger

With some of Etihad's executives moving over to Air Seychelles and Abu Dhabi's increasing bilateral relations with the islands, could we one day call the country UAE's eight emirate?

February 1, 2012 5:16
 
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
 
Bahrain’s Gulf Air to downsize, seeks state funds

Bahrain’s Gulf Air to downsize, seeks state funds

Discussing cash injection from government, state fund; CEO says will downsize fleet, cut networks; Airline will not sold or dissolved, says CEO

January 26, 2012 1:44