Etihad Airways has announced plans for a fourth daily flight on its route from Abu Dhabi to Riyadh. Effective from December 8, the additional service will be operated by an Airbus A320 configured with 8 seats in Business and 150 seats in Economy. Robin Kamark, chief commercial officer, Etihad Aviation Group, said, “The introduction of the new fourth daily service to Riyadh is demonstrative of our commitment to the Saudi market, and of the increase in demand on this core route. This has been boosted by warm relationship enjoyed by the UAE and the kingdom of Saudi Arabia, and by the recent easing of entry visa regulations for tourists entering the kingdom. “Riyadh is a key market on our global network, and the additional service adds yet more attractive timings to both business and leisure travellers flying between both capitals, as well as more options for travellers connecting through Abu....
Avion in partnership with IAGO is opening a new training centre in London offering Dry and Wet Lease pilot type training and providing the London area with greater choice, improved customer experience and enhanced collaborative training opportunities. The combined effort provides a strong knowledge base on training and flight simulation. IAGO brings an experienced team of passionate training professionals that will continue to provide valuable professional pilot training services to existing and new clients. IAGO pilot training programs focus more on the areas its customers actively seek. IAGO spends more time on the areas that matter to develop pilots with the right capabilities and train them the right way. This approach de-risks the employment pathway for both the cadet pilots and the airline. IAGO is also changing the way its future pilot will be trained; where some organisations are focusing on tools to assist instructor-student data feedback, IAGO will also....
The Emirates Group recently announced its half-year results for its 2019-20 financial year. Group revenue was AED53.3 billion ($ 14.5 billion) for the first six months of 2019-20, down 2% from AED54.4 billion ($ 14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB), and unfavourable currency movements in Europe, Australia, South Africa, India, and Pakistan. Profitability was up 8% compared to the same period last year, with the Group reporting a 2019-20 half-year net profit of AED 1.2 billion (US$ 320 million). The profit improvement was primarily due to the decline in fuel prices of 9% compared to the same period last year, however, the gain from lower fuel costs were partially offset by negative currency movements. The Group’s cash position on 30th September 2019 stood at AED 23.0 billion (US$ 6.3 billion),....
Indonesia is looking to acquire two squadrons of new F-16 fighter jets from the United States, even as it pushes ahead with plans to buy Russian Sukhoi Su-35s, according to the chief of the Indonesian Air Force. In remarks carried by state-owned national news agency Antara on Oct. 28, Air Marshal Yuyu Sutisna said the southeast Asian nation plans to submit a request to buy two squadrons of Lockheed Martin F-16 Block 72 fighters by January 2020. Sutisna said the F-16 acquisition will be part of Indonesia’s next five-year strategic plan, running from 2020-2024, Antara reported. The officer made the announcement during a visit to Roesmin Nurjadin Airbase in Pekanbaru, the capital of Riau Province on the western Indonesian island of Sumatra. He did not elaborate on the exact number of F-16s Indonesia plans to buy, as that will depend on how much money the government can set aside for....
Honeywell recently announced that Scott Zhang has been appointed as President of Honeywell China, effective Nov. 1, 2019. He will be responsible for executing Honeywell’s business objectives in the company’s single largest country market outside the US. Zhang has a long track record of highly effective leadership at Honeywell. He served as President of Honeywell Technology Solutions (HTS) for the past four years. He drove an internal innovation process along with external ecosystem partnerships to strengthen Honeywell’s technological leadership as a competitive advantage. He also leveraged the organization’s diverse talent to enable global business growth and productivity, and he led the establishment of HTS Mexico to enable growth in Latin America. Zhang succeeds William Yu, who will take an exciting global leadership role within Honeywell. “We have a long history of development in China, and a strong commitment to better serve China market. Scott has been instrumental in creating our....
Thai Airways International's chairman has stepped down amid continuing pressure over the loss-making airline's financial performance. Ekniti Nitithanprapas resigned from his position on 1 November, the flag-carrier states. Thai has named vice-chairman Chaiyapruk Didyasarin to take up the duties in the interim. Didyasarin had only been appointed to the vice-chairmanship in mid-October. The carrier has not specified a reason for Nitithanprapas's sudden departure. But the airline had been forced to assure last month that the airline was not facing the possibility of closure while stating that its president had been pointing out to personnel that competition in the industry was proving strong. The president had spoken to staff to "motivate them to take immediate action" to cut costs and lift profits. Thai's half-year financial statement shows that carrier turned in a consolidated pre-tax loss of Bt6.1 billion ($205 million) for the first six months, four times the previous interim loss.....
The General Civil Aviation Authority (GCAA) of UAE has announced that the second edition of Global Investment in Aviation Summit (GIAS) 2020, themed ‘Enabling Global Aviation Growth through Fund Raising and Key Partnerships’ will be held in Dubai from January 27-29. Over 200 investors and 1,200 delegates, besides selected government officials, aviation organisations, finance & insurance firms, aviation asset owners, aircraft operators & logistic service providers and legal consultants are expected to turn up at the event. While disclosing the details of the summit Saif Mohammed Al Suwaidi, Director General of the GCAA, highlighted the UAE’s remarkable position in the international and regional aviation industry. Al Suwaidi said, “The national agenda for 2021 aims for UAE to be the world first in the quality of the air transport infrastructure. Although we are facing some challenges, such as determining the airspace and congestion in the UAE, we achieved great strides in....
IndiGo, India’s largest airline by market share, has just reported a multimillion quarterly loss. The disconcerting financial results are attributed to three key factors, including spikes maintenance costs. While the airline’s Airbus A320ceo engines are to remain a burden for its finance sheets, the rescue by the A320neo is also not yet in sight, as the carrier’s management anticipates delivery delays. On October 24, 2019, India’s largest airline by market share, published its results for the second quarter of the 2020 financial year. While the quarter was expected to be low on profitability, IndiGo’s actual net loss grew by almost double compared to the previous year, totaling at a net loss of $149.50 million (INR 10.6 billion). The lower profitability was attributed to three main factors, Aditya Pande, IndiGo Chief Financial Officer, explained during a conference call on October 24, 2019, including surged maintenance costs. In 2016 the airline has....
Etihad Aviation Group celebrated the graduation of 140 UAE nationals from various training programs during a Year of Tolerance-themed ceremony held last night at Zayed University, Abu Dhabi. The graduation ceremony was attended by board members, senior management of Etihad and families of the graduates. The graduates included 36 cadet pilots, 66 aircraft engineers, and 38 managers and officers, bringing the total number of Emiratis to have completed such training to more than 1,500 since they were launched in 2007. His Excellency Mohamed Mubarak Fadhel Al Mazrouei, Chairman of Etihad Aviation Group, said: "We are proud to celebrate our 'Year of Tolerance' graduates. Etihad's Emiratisation programme continues to go from strength-to-strength, in line with the ambitions of the UAE leadership and reflecting the strategy of the Abu Dhabi government and the UAE in the aviation sector. The graduation of our 11th batch of UAE nationals emphasises our commitment to attracting more....
Russian Helicopters holding company (part of Rostec State Corporation) takes part in the Russia-Africa Economic Forum held in Sochi on October 23-24, 2019. In the 'Industry' zone the holding company showcases a modernized Mi-35P attack helicopter, a corporate version of the civilian multipurpose Ansat helicopter and a mobile service center for overhaul of Mi-8/17 helicopters. "Over 900 helicopters made by Russian Helicopters' enterprises are registered in African countries. This is almost one in four helicopters on the continent, and the share of our military rotorcraft is almost 40%. This certainly provides for the huge potential for cooperation in servicing, modernizing and renovating the fleet. We also offer our partners civilian helicopters, such as Ansat and Mi-171A2 multipurpose rotorcraft, and a military modernized Mi-35P attack helicopter. This is the evolution of the Mi-24/35 family which proved to be very effective in Africa" said Director General of Russian Helicopters holding company Andrey....
Etihad to start more flights to Riyadh in December
Avion, IAGO collaborate for training opportunities
Emirates Group announces positive half-year results
Indonesia pushes ahead plans to buy Russian Sukhoi Su-35s
Honeywell names Zhang president of Honeywell China
Thai Airways chairman quits
Dubai to host GIAS 2020 next year
IndiGo reports multimillion quarterly loss
Etihad celebrates graduation of 140 UAE nationals
New Russian Helicopters debut at Russia-Africa Economic Forum
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