Aviation

Abu Dhabi / Emirates Business Etihad Aviation Group’s (EAG) treasury team has once again been acknowledged for airline treasury management excellence with four key accolades at the 2017 Adam Smith Awards presented by Treasury Today magazine. Following a string of successes in recent months with leading awards from various international organisations, the group took home further honours at the annual ...

Bloomberg Saudi Arabia is considering a plan to sell a stake in Riyadh airport, three people with knowledge of the matter said, as it embarks on a plan to raise billions of dollars through privatizations. Saudi Civil Aviation Holding Co. has asked local and international investment banks to pitch for the role of adviser on the sale of a significant ...

DUBAI / Reuters Passenger traffic at Dubai International Airport (DXB), the world’s top airport for international passenger numbers, rose by 1.9 percent to 6.85 million in May from a year earlier, operator Dubai Airports said on Monday. About 36.97 million passengers used the airport from January to May, up 6.7 per cent from 34.6 million in the same period in ...

Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd. announced that Osama Fattaleh, Chief Executive Officer of Joramco has submitted his resignation to pursue his interests outside the industry. His permanent replacement will be announced in due course. Amjad Korshlow, Chief Financial Officer of Joramco will serve as Acting Chief Executive Officer till a permanent replacement is named. Joramco Chairman ...

Abu Dhabi / Emirates Business An Etihad Airways Boeing 787-9 Dreamliner touched down in Beijing on Sunday after its inaugural flight from Abu Dhabi, capital of the United Arab Emirates (UAE). Flight EY888 departed Abu Dhabi at 09:30pm local time on Saturday and arrived in Beijing at 08:50am on Sunday. To celebrate the milestone event, a ribbon-cutting ceremony was held ...

Bloomberg India’s plan to sell a stake in the national carrier just got a fillip a day after the government decided to sell Air India Ltd., with the nation’s biggest airline expressing an interest to buy the state airline. IndiGo is keen to buy the flag carrier, Civil Aviation Minister Ashok Gajapathi Raju said in comments relayed by an aide. ...

Bloomberg South African Airways (SAA) has identified Vodacom Group Ltd. executive Vuyani Jarana as the leading candidate to become the struggling state-owned carrier’s first permanent chief executive officer since November 2015, according to three people familiar with the matter. The debt-laden airline hasn’t made a profit since 2011 and is in talks with banks about repaying or refinancing 8.9 billion ...

Bloomberg Airlines and overseas airports will struggle to meet deadlines for implementing broad new security requirements on flights to the US, airline industry groups and consultants say. Airports have a short timeline to comply with a few of the directives the Department of Homeland Security, according to a memo from the International Air Transport Association to its members. Some technology ...

Abu Dhabi / Emirates Business Etihad Airways on Saturday introduced an Airbus A380 aircraft on one of its two daily services between Abu Dhabi, the capital of the United Arab Emirates (UAE), and Paris Charles de Gaulle. The new service has been introduced early to meet seasonal demand from July 1 to October 28 and December 15 to February 15, ...

Bloomberg Kuwait Airways Co. is considering adding a flight to Washington, D.C., or Chicago despite mounting US travel restrictions, as the Gulf carrier revives long-standing efforts to better compete with its more prosperous regional rivals. The additions, which could also include new service to Seoul; Manchester, England; Sarajevo, Bosnia-Herzegovina; or airports in China, Morocco and Saudi Arabia, are part of ...