Coronavirus may lead to losses of $4.9 bn for Middle East airlines
With new coronavirus cases being reported in the Middle East, passenger numbers are expected to drop by 23%...
Category : Aviation
2020: Coronvairus to see African airlines lose $40 mn in revenue
Many African airlines such as EgyptAir, RwandAir and Kenya Airways have suspended flights to China...
Jeju Air to acquire majority stake in rival Eastar Jet for $45.6 mn
The acquisition marks the latest restructuring efforts in South Korea’s aviation industry...
Kenya Airways names its subsidiary Jumbojet’s head as new CEO
Allan Kilavuka was serving as the acting chief executive since the post became vacant...
Oman’s national strategy to enhance aviation sector by 2030
The National Aviation Strategy will improve the Sultanate’s aviation industry and strengthen the economy at large...
Coronavirus could see Asian airlines lose $27.8 bn in revenue
According to the International Air Transport Association, Chinese carriers alone could suffer losses of around $12.8 bn...
World’s top aircraft buyers persuade EU to approve Boeing-Embraer deal
Aircraft buyers are concerned that Embraer’s business might struggle on the back of Airbus’ recent strategic acquisitions...
Vietnam Airlines signs JV deal with ST Engineering for MRO services
The joint venture will operate in Vietnam Airlines’ facilities in Hanoi and Ho Chi Minh City airports...
Qatar Airways mulls buying 49% stake in RwandaAir
The carrier also wants to double its interest in LATAM Airlines Group to 20%...
Etihad’s revamp push sees the carrier sell 38 aircraft for $1 bn
The carrier will sell 22 Airbus A330s and 16 Boeing 777-300ERs to investment firm KKR and leasing firm Altavair AirFinance...