ABU DHABI / WAM The Middle East’s commercial aircraft services market will more than double in value by 2042, according to Airbus’ latest Global Services Forecast (GSF). Growing to $28 billion from $12 billion, and registering a 4.4 percent average annual growth, the regional expansion will surpass the global average growth of 3.6 percent. Today, five of the world’s largest …

ABU DHABI / WAM Etihad Airways announced its financial results for the full year 2023, reporting total revenue of AED20.3 billion ($5.5 billion) for the year ended on December 31, 2023. The company’s total revenue was AED18.3 billion ($5.0 billion) in 2022. The airline recorded AED1.4 billion ($394 million) operating result, driven by AED4 billion ($1.1 billion) year-on-year growth in …

DUBAI / WAM The Mohammed bin Rashid Aerospace Hub (MBRAH), Dubai’s aerospace platform dedicated to the advancement of the aviation industry, and Tim Aerospace broke ground on their new hangar at Dubai South. The new facility will be built with the maximum allowed design dimensions, making it one of the largest wide-body capable aircraft MRO hangars in the GCC, with …