Category: Middle East

How Might Blockchain Be Used To Manage Aircraft Assets?

Reading Time: 3 minutes “Blockchain is one of the most discussed and intriguing technologies out there today,” observes Bas de Vos, director of IFS Labs at IFS. “It is a huge, global distributed ledger or database running on many devices and open to anyone within the blockchain. Its purpose is to ensure a 100% secure, verifiable and traceable database […]

Buying Stakes In Legacy Airlines Not An Option: Oman Air CEO

Reading Time: < 1 minute Oman Air is looking to grow flights into India, but the carrier’s plans don’t include buying any stakes in airling Air India. CEO Paul Gregorowitsch said the Gulf’s history with buying stakes in legacy airlines hasn’t born fruit. “As a businessman, you are far more eager to participate with a profit-making airline and not having […]

New Private Jet Terminal To Be Built At Sharjah Airport

Reading Time: < 1 minute Sharjah Airport Authority has signed an agreement with Gama Support Services to build and operate a new private jet terminal worth AED 110 million. The new project will spread over more than 40,000 square metres and comprise two private jet hangars with a capacity of two large Boeing Business Jets each. The facility will include […]

Turkish Airlines Looking At Equity Investments In Asia

Reading Time: < 1 minute Turkish Airlines chief is looking at buying stakes in airlines across India, China and the US. Speaking to reporters last month, the airline’s CEO Ilker Ayci mentioned he is looking at investing in equity stakes in airlines as a way to offset potential shocks from growing protectionism. “We have grown organically so far, but politicians […]

Global Expansion Through Business Acquisition In Aviation: The Better Way?

Reading Time: 2 minutes To increase geographical presence, decrease competition, accelerate expansion – just a few reasons why companies choose business acquisition as an inorganic mode of expansion. With yearly worth of worldwide mergers and acquisitions topping €41 billion it’s only natural that increasing number of deals has been recorded and anticipated in the aviation industry as well. With […]

Smoke On Board Of Thomas Cook B753 Prompts Evacuation Before Departure

Reading Time: < 1 minute A Thomas Cook Boeing 757-300 with 251 passengers and 9 crew was about to depart from Hurghada when smoke appeared in the cabin prompting the flight crew to initiate an evacuation via slides onto the runway. A number of people received injuries as result of the evacuation. The airline reported all 251 customers and 9 […]

Last Middle East Airline Cleared From Laptop Ban

Reading Time: < 1 minute The TSA has said Saudia Airlines passengers flying from Jeddah to the US can use laptops on board, clearing it the last remaining Middle East airline to be affected by the laptop ban. The notice applies only to passengers flying from Jeddah airport the TSA clarified on Twitter; there is no notification concerning passengers flying […]

5 Airports Prove to Be the Best in the World

Reading Time: < 1 minute Air travel is no longer a luxury commodity – on the contrary, it proves to be as indispensable to everyday life as medicine or telecommunications. Apart from occupying a pivotal role in the social development, aviation also brings enormous benefits to modern economies by unlocking their potential for more profitable trade and tourism. Without a […]

Iran-Airbus Deal Facing Financial Challenge

Reading Time: < 1 minute Iran has failed so far to fully settle the financing issue of the purchased planes from Airbus and ATR, Ali Abedzadeh, Iran’s deputy minister of roads and urban development, said. Both plane makers have announced readiness to finance some of the aircraft, Abedzadeh, who heads Iran Civil Aviation Organization, said, Tasnim news agency reported July […]

Resurging African Economies See Etihad Boost Capacity

Reading Time: < 1 minute Etihad has announced it will add seven flights per week to both Cairo, Egypt, and Lagos, Nigeria, on the back of growing numbers of tourists from the continent. “Cairo is the largest point to point market from Abu Dhabi enjoying an increase in tourist traffic to Egypt,” says Mohammad Al Bulooki, Etihad Airways Executive Vice […]