Business and finance | Times Aerospace

Air transport

IATA highlights aviation’s substantial economic impact in the UAE

16 April 2025

IATA has released a study quantifying the substantial value that aviation (including aviation-related tourism) generated for the UAE in terms of jobs…

Air transport

Indian travellers can benefit from UAE-India air services liberalisation

02 April 2025

A well-planned expansion of India–UAE air services will drive economic growth, create jobs, boost trade and tourism, and strengthen bilateral ties,…

Airports

Morocco to invest $1.5 billion expansion of Casablanca airport

27 March 2025

Morocco’s airport authority ONDA said it plans to invest $1.55 billion to build a new terminal at its largest airport, Casablanca.

Airports

Ethiopian Airlines and AfDB to build Africa’s largest airport

17 March 2025

Ethiopian Airlines has signed an agreement with the African Development Bank (AfDB) to develop Africa’s largest airport—the Bishoftu International…

Business and finance

Dubai Aerospace Enterprise to acquire 17 aircraft for US$1.0 Billion

14 March 2025

Dubai Aerospace Enterprise (DAE) has recently signed agreements with multiple counterparties to acquire 17 aircraft for an aggregate consideration of…

Business and finance

Zela Aviation to support ACMI leasing with XEJet Nigeria

12 March 2025

Zela Aviation has entered a strategic partnership with Nigerian airline XEJet, having been mandated to promote the availability of its Embraer E145…

Events

Aviation India 2025 announces supporting Association partners of India

11 March 2025

Times Aerospace Events will host the second Aviation India and South Asia Summit and Exhibition from 29-30 October 2025 at the JW Marriott, Aero City,…

Business and finance

Turkish Airlines reports US$2.4 billion profit for 2024

05 March 2025

Turkish Airlines made US$2.4 billion profit in 2024 in what the airline said was a ‘challenging’ aviation industry hit by geopolitical and global…

Air transport

Qatar Airways Group and Virgin Australia enter partnership

27 February 2025

The Australian Government has approved Qatar Airways Group’s minority 25 per cent stake in Virgin Australia.

Business and finance

Flydubai reports strongest Financial Results in its 15-year history

24 February 2025

Flydubai has reported ‘record-breaking’ annual results for its financial year ending 31 December 2024.

Business and finance

Etihad announces highest ever profit of US$476 Million in 2024

19 February 2025

It saw a US$ 476 million profit after tax driven by US$ 5.7 billion passenger revenue and US$ 1.1 billion cargo revenue, alongside significant…

Events

ABU DHABI: ICAO’s Finvest Hub drives sustainable aviation investment

12 February 2025

The ICAO Finvest Hub is a global platform designed to connect aviation stakeholders with investors, financial institutions, and policymakers to…

Events

Airlink receives 2025 Ubuntu Economic Diplomacy Award

11 February 2025

Airlink has received the Department of International Relations & Cooperation’s 2025 Ubuntu Economic Diplomacy Award for a South African business…

Events

ABU DHABI: Global ministers call for continued investment in aviation

10 February 2025

Aviation remains a critical lifeline for remote regions and a key driver of economic growth.

Air transport

Boeing forecasts growth for India’s commercial fleet over next 20 years

07 February 2025

Boeing forecasts India and South Asia’s commercial aircraft fleet will grow nearly four-fold over the next 20 years.

Events

Egypt and the UK strengthen aviation ties

04 February 2025

Dr. Sameh Elhefny, Egypt’s Minister of Civil Aviation, has participated in a dialogue session titled “Shaping the Future of Egyptian Civil Aviation”…

General aviation

Airbus Helicopters chief upbeat on Middle East market after strong 2024

28 January 2025

Airbus Helicopters sees continued strong demand in the Middle East after boosting total orders by around 10% in 2024 across civil and military…

Business and finance

GACA of Saudi Arabia to showcase investment opportunities

20 January 2025

GACA of Saudi Arabia will present aviation investment opportunities on the sidelines of the World Economic Forum Annual Meeting in Davos this week.

Business and finance

Etihad Airways finished 2024 with continued brisk performance

14 January 2025

Etihad Airways has released its traffic statistics for December 2024 showing the airline welcomed 1.7 million guests during the month.

Air transport

GACA announces 'exceptional growth' in Saudi’s aviation sector during 2024

10 January 2025

Saudi Arabia’s aviation sector saw ‘exceptional growth’ in 2024, reports The General Authority of Civil Aviation (GACA).

Business and finance

DAE signs agreement to acquire Nordic Aviation Capital

09 January 2025

Dubai Aerospace Enterprise (DAE) has signed an agreement to acquire 100% of the Nordic Aviation Capital group of companies (NAC), an aircraft leasing…

Business aviation

Embraer delivered 206 new aircraft during 2024

09 January 2025

Embraer delivered 75 aircraft in 4Q24 – or 27% higher than in the previous quarter when 59 aircraft were delivered.

Business and finance

Kenya Airways share-trading in Nairobi to resume

07 January 2025

Trading in shares of Kenya Airways has resumed after being suspended for more than four years, the Nairobi stock exchange has revealed.

Business and finance

Making fund of leasing...

30 December 2024

MENA players will have a significant and strategic role within the aircraft leasing market in the coming years. Ali Ben Lmadani, CEO ABL Corporation…

Air transport

Pegasus Airlines orders 200 Boeing 737-10 aircraft

20 December 2024

Pegasus Airlines has signed an agreement with Boeing for 200 Boeing 737-10 aircraft.

Business and finance

Saudi's sovereign wealth fund PIF secures 15% stake in LHR

16 December 2024

Saudi's sovereign wealth fund PIF has secured a 15% stake in London Heathrow Airport (LHR).

Business and finance

SAA reports profitability for first time since 2012

25 November 2024

South African Airways (SAA) has achieved its first net profit in over a decade, signalling a major milestone in the airline’s recovery journey.

Technology

Why fortifying cyber security defences is key to aviation future

24 November 2024

Three managing directors from Accenture Middle East : Ahmed Etman, MD cybersecurity practice; Radwane Saad, MD cyber strategy; and Abedalqader…

Business and finance

Etihad Airways sees US$ 368 million profit after tax in last year

14 November 2024

Etihad Airways’ financial results for the nine months ended 30 September 2024, achieving US$ 368 million profit after tax.

Air transport

New airline hopes for Cabo Verde

12 November 2024

A new regional start-up airline is hoping to fill the aviation gap in service routes within the Cabo Verde islands.

Air transport

Emirates reports record breaking half year results

07 November 2024

The Emirates Group has releases its ‘half-year financial performance, posting a profit before tax of AED 10.4 billion (US$ 2.8 billion) for the first…

Air transport

Turkish Airlines increased passenger capacity by 5.4% in Q3 2024

06 November 2024

Turkish Airlines has continued its growth as it increased passenger capacity by 5.4% in the third quarter of 2024.

Business and finance

Jazeera Airways' sees strong performance during 2024

04 November 2024

Jazeera Airways has released what it says is a ‘strong’ set of financial results for the third quarter of 2024.

Business and finance

Aviation’s ‘substantial’ contribution to Dubai’s economy revealed in report

24 October 2024

Emirates Group and Dubai Airports have released an economic impact study that reaffirms the central role aviation plays in Dubai’s economy.

Maintenance

Sanad and Etihad Airways announce strategic transaction

22 October 2024

Sanad has announced the sale of 16 aircraft engines to Etihad Airways - a landmark agreement valued at approximately USD 408,387,000. (AED 1.5…

Business and finance

IndiGo Ventures gets SEBI approval to launch Venture Capital Fund

15 October 2024

IndiGo has announced IndiGo Ventures, its corporate venture capital fund, has received the Alternative Investment Fund approval from Securities and…

Air transport

Qatar Airways to acquire 25% stake in Virgin Australia

01 October 2024

Qatar Airways is to take a 25% stake in Virgin Australia from private equity firm Bain Capital.

Events

Global Aerospace Summit to focus on aerospace investments, and space

24 September 2024

Global Aerospace Summit is set to drive greater sustainability, youth engagement, and innovation across the industry.

Business aviation

Morocco dominates business aviation sector - Ionic

24 September 2024

Ionic Aviation has released its latest fleet analysis of business aircraft in the North Africa region showing Morocco is dominating the sector.

Business and finance

VistaJet connects China-Africa business tie

11 September 2024

VistaJet brought business leaders and governments together to the 9th Forum of China-Africa Cooperation (FOCAC) in Beijing from September 4 to 6.

Business and finance

Afrijet becomes national airline of Gabon

02 September 2024

The government of the Gabonese Republic has acquired a 56% majority shareholding in the private airline Afrijet - via its new holding company Fly Air…

Business and finance

Turkish Airlines completes financing of two A350s in Swiss Franc

27 August 2024

Two new-generation A350 aircraft that joined Turkish Airlines fleet in August 2024 are financed in Swiss Franc by KfW IPEX-Bank.

Business and finance

Qatar Airways acquires 25% stake in Airlink

20 August 2024

Qatar Airways Group has acquired a 25% stake in Southern Africa’s premier independent regional carrier, Airlink.

Technology

EMMA Systems welcomes investment from Al Khor Holding

20 August 2024

Al Khor Holding, a Qatari-based company with a globally extensive investment portfolio across private and public equity, has chosen to invest in EMMA…

Business and finance

Etihad Airways welcomed 1.7 million passengers in July

16 August 2024

Etihad Airways welcomed 1.7 million passengers, achieving a robust average load factor of 89% for the month.

People

African aviation veteran Nick Fadugba dies

15 August 2024

Veteran African aviation journalist, event organiser and consultant, Nick Fadugba has died suddenly aged 69.

Business and finance

Jazeera Airways rebounds with strong 2Q and mid-year 2024 results

08 August 2024

Jazeera Airways has reported strong results for the second quarter and mid-year 2024.

Business and finance

Etihad reports 48% increase in profits in first half 2024

08 August 2024

Etihad Airways has reported its H1 2024 results, recording a 48 per cent increase in profit after tax achieving AED 851 million (U.S.$ 232 million).

People

Al-Meer speaks out on strategy changes at Qatar Airways

05 August 2024

Badr Mohammed Al-Meer, the new CEO of Qatar Airways, is speedily stamping his own management philosophy and personal values on the airline.

Business and finance

Royal Jordanian CEO says war on Gaza has ‘posed major challenges’

31 July 2024

Royal Jordanian’s (RJ) Board of Directors has approved the company's financial results for first half of 2024 showing the war on Gaza has impacted the…