Aviation

  Dubai / Emirates Business Dubai Aerospace Enterprise (DAE) Ltd. announced it has completed the purchase of a portfolio of ATR 72-600 aircraft from GE Capital Aviation Services (GECAS). This purchase brings the total number of owned and committed ATR 72-600 aircraft in DAE’s fleet to 57, making DAE one of the largest lessors of the ATR 72-600 worldwide. In ...

  HONG KONG / AP Hong Kong’s Cathay Pacific Airways posted its first annual loss in almost a decade, blaming it on tough competition from rival airlines, slowing Chinese economic growth and a stronger currency. The airline said that it lost 575 million Hong Kong dollars ($74 million) in 2016 compared with a HK$6 billion profit the year before. The ...

  FRANKFURT / AP German airline Lufthansa has reached a preliminary agreement on a labor deal with its pilots that would cut pension liabilities and bar strikes through 2022. Lufthansa’s drawn-out talks with the Vereinigung Cockpit union have led to several costly stoppages that disrupted hundreds of flights. Lufthansa’s labor relations head, Bettina Volkens, on Wednesday called the deal a ...

  Bloomberg A US border post in Abu Dhabi has handed local carrier Etihad Airways an advantage over its Gulf rivals following President Donald Trump’s moves to curb immigration from a clutch of mainly Muslim countries. The so-called pre-clearance facility means that travellers from the affected nations who think they qualify for entry can have their paperwork processed before leaving ...

  Bloomberg US airlines that rushed into Cuba last year knew the going would be tough. But it’s turned out to be such an unexpected financial slog that two carriers are now quitting the island. On Monday, Frontier Airlines Holdings Inc. and Silver Airways Corp. announced plans to drop service entirely. Citing a 300 percent surge in airline capacity, Silver ...

  Abu Dhabi / Emirates Business Etihad Cargo has taken delivery of its 10th freighter further boosting Etihad Airways’ fastest growing division. The addition of an A330F takes its Airbus freighter fleet to five, joining five Boeing 777 freighters that collectively serve 42 destinations worldwide. The delivery follows 12 months of sustained growth for the carrier, which launched 10 new ...

  Bloomberg Three of the nation’s biggest airlines canceled all flights to the three major New York City-area airports on Tuesday as carriers grounded more than 5,570 trips ahead of a winter storm that threatens to batter the U.S. Northeast. The New York area was under a blizzard warning with snowfall of as much as 20 inches (51 centimeters) and ...

  Bloomberg Striking Berlin airport workers may cease giving notice of walkouts after Ryanair Holdings Plc began using its own ground staff to help maintain services from the German capital. The tactic of bringing in foreign ‘strikebreakers’ poses a security threat because the Ryanair employees are being granted so-called air-side access without sufficient checks, the Ver.di union said on Tuesday. ...

  Belgrade / Emirates Business EAP Shared Services, part of Etihad Aviation Group, opened a new global Shared Services centre, in Belgrade. The EAP Shared Services centre was officially opened on Monday by Aleksandar Vucic, the Prime Minister of the Republic of Serbia; James Hogan, the President and Chief Executive Officer of Etihad Aviation Group, and Sinisa Mali, Mayor of ...

  Sydney / Emirates Business Etihad Airways, the national airline of the United Arab Emirates and official airline partner of ‘Taste of Sydney’, crowned Harry Stockdale-Powell, from Bouche on Bridge, winner of the Taste the World competition in Sydney on March 12. The Taste the World award is presented to the chef who best epitomises Etihad Airways’ food philosophy, which ...