DAE announces strong and stable financial results for 2019
This article was published on: February19,2020 10:32 AM
Dubai Aerospace Enterprise (DAE) Ltd. reported its financial results for full year 2019. The consolidated financial statements can be found on DAE’s website at dubaiaerospace.com/investors Highlights include: Total Revenue: US$1,421.3 million (2018: US$1,436.6 million) Profit Before Tax: US$413.6 million (2018: US$428.8 million) Pre-Tax Profit Margin: 29.1% (2018: 29.8%) Pre-Tax Return on Equity: 12.6% (2018: 12.8%) Net Debt-to-Equity: 2.64x (Year-endRead More
Bombardier announces its strategic decision to focus on business aviation
This article was published on: February18,2020 10:53 AM
Bombardier recently announced that it has made the strategic decision to focus exclusively on business aviation and plans to accelerate its deleveraging through the sale of its rail business. “Today marks an exciting new chapter for Bombardier. Going forward, we will focus all our capital, energy and resources on accelerating growth and driving margin expansionRead More
Philippine Airlines leases two 8-400 aircraft from TrueNoord
This article was published on: January30,2020 5:35 AM
Specialist regional aircraft lessor, TrueNoord, is leasing two new Dash 8-400 aircraft to Philippine Airlines on long term operating lease agreements. MSN 4610 has been delivered and MSN 4612 will join the fleet in February. These aircraft are the first Dash 8-400 aircraft manufactured by De Havilland Aircraft of Canada Limited (“De Havilland Canada”) to enter service inRead More
Etihad Aviation Training receives approval to train Boeing pilots
This article was published on: January23,2020 7:29 AM
Etihad Aviation Training, the specialist training division of Etihad Aviation Group, has become the first aviation company in the Middle East to gain approval from the European Aviation Safety Agency (EASA) to train Boeing 777 and 787 pilots for European operators and carriers elsewhere which adopt Europe’s air safety standards. The approval to train pilotsRead More
Rocket Lab’s new mission scheduled to lift off soon
This article was published on: January21,2020 11:15 AM
Small satellite launch services provider Rocket Lab announced recently that its Electron vehicle’s first mission of 2020 will be for the National Reconnaissance Office. Named ‘Birds of a Feather’ (NROL-151) the mission is scheduled to lift off from Rocket Lab Launch Complex 1 in New Zealand. The launch window opens on Jan. 31. Rocket LabRead More
Boeing’s new CEO makes US-China deal announcement
This article was published on: January20,2020 8:49 AM
Incoming Boeing president and CEO Dave Calhoun issued the following statement regarding the announcement of a US-China trade deal. He wrote: “Boeing has a long-standing partnership with China that spans nearly 50 years. We’re proud that Boeing airplanes will continue to be a part of this valued relationship, one that has fuelled aerospace innovation andRead More
167 passengers killed as Ukraine bound plane crashes after take off in Iran
This article was published on: January8,2020 8:21 AM
A Boeing Co. 737 passenger jet bound for Ukraine crashed shortly after take-off in Iran, killing everyone on board. All 167 passengers and 9 crew died after Ukraine International Flight 752 crashed at 6:18 a.m. local time in Sabashahr near Tehran, Iran’s Civil Aviation Organization said on its website. The head of Tehran’s Disaster MitigationRead More
#Breaking – Pegasus flight to Istanbul skids off runway, flights suspended
This article was published on: January7,2020 8:46 AM
Istanbul’s second airport has suspended flights after an incident involving a flight from Sharjah. The Pegasus plane, which left Sharjah International on Tuesday morning for Sabiha Gokcen International Airport, appeared to have slid off the runway after touching down. Images from the scene showed emergency vehicles surrounding the plane, which was apparently stranded on theRead More
