Air Arabia, a leading low-cost airline based in the UAE, has posted strong financial results for the third quarter of 2024, with net profit rising by 8% to $153.5 million. This growth was supported by a 10% increase in turnover, which reached $484 million. The airline’s financial performance reflects its resilience and effective management in a competitive aviation market. Additionally, Air Arabia reported…
Doric Nimrod Air Two, based in the UK, has announced the successful sale of an Airbus A380 aircraft, serial 109, to Emirates for a total of US$39.6 million. The transaction marks the completion of the lease period for this specific A380, with the title transfer successfully finalized. This deal represents a significant milestone in Doric Nimrod’s portfolio management, as the proceeds from…
Emirates, the UAE’s flagship carrier, reported strong financial results for the first half of 2024, with revenue up by 5%to $16.9 billion. The airline achieved a profit after tax of $2.4 billion, underscoring its robust financial health amid a competitive global aviation environment.
Uganda Airlines has been issued a 48-hour ultimatum by MixJet Flight Support, a UAE-based fuel contractor, to settle a portion of its outstanding fuel debt. MixJet demands that Uganda Airlines pay at least $6 million of the $10 million owed; otherwise, the contractor intends to initiate legal proceedings. The ultimatum underscores the financial strain facing Uganda Airlines, which is now at risk of…
Nepal Airlines is set to expand its route network with a new triangle service linking Kathmandu, Siddharthanagar, and Dubai. Scheduled to begin on 9 November 2024, this route will connect Nepal’s two key cities with Dubai, offering travelers a direct international option with additional domestic accessibility. The triangle configuration enables passengers from both Kathmandu and…
IndiGo, India’s largest low-cost airline, has announced a new international route connecting Pune to Dubai, with the inaugural flight scheduled for 22 November 2024. This direct service will be operated by the Airbus A320neo, known for its fuel efficiency and passenger comfort. The Pune–Dubai route marks an important expansion in IndiGo’s network, providing travelers with…
Dubai Aerospace Enterprise (DAE), a leading global aircraft leasing company based in the UAE, has announced the signing of lease agreements with South Korea’s Eastar Jet for three Boeing 737-8 aircraft. These aircraft are scheduled for delivery in mid-2025 and the first quarter of 2026, enabling Eastar Jet to expand its fleet with the latest…
Dubai Aerospace Enterprise (DAE), a prominent aircraft leasing company based in the UAE, has announced lease agreements with Hainan Airlines, one of China’s leading carriers, for four new Boeing 737-8 aircraft. This strategic agreement aligns with Hainan Airlines’ growth plans and DAE’s objective to support its clients with modern, fuel-efficient aircraft. The deliveries are scheduled…
ATS Technic, based in the UAE, and ATS Maintenance from Denmark have announced a strategic partnership designed to enhance aircraft maintenance operations across Europe and the Middle East.
