Air Arabia approves dividend
At its Annual General Meeting (AGM) in Sharjah, Air Arabia shareholders have approved the distribution of a nine per cent cash dividend for the 2015 financial year. The dividend is being paid on the b...
At its Annual General Meeting (AGM) in Sharjah, Air Arabia shareholders have approved the distribution of a nine per cent cash dividend for the 2015 financial year. The dividend is being paid on the b...
TACV Cabo Verde Airlines is planning to cut up to 120 of its 510 staff members and review flight routes later this year as part of a restructuring plan to reduce debt and attract foreign investors, re...
This week, Fastjet warned investors that its 2016 result will be "materially below market expectations" and that it no longer expects to be cash flow positive for the year. In a trading update, Fastje...
Iranian carrier Zagros Airlines has confirmed that it has reached preliminary agreements with Embraer to import 20 135-seat aircraft. “Our recent talks with Brazil’s Embraer have led to positive resul...
A United Arab Emirates company, LGO International is preparing to launch a women only airline. The new airline will serve only women clients with an all-female crew, made available for high-profile an...
Oman is creating its first low-cost airline to be called Salam Air. The state-owned Muscat National Development and Investment Company (ASAAS) was awarded the country’s second new air services operato...
Munich-based aviation finance arranger EMP structured assets (EMP), working in conjunction with Aviation Finance Company (AFC), Dubai Islamic Bank (DIB) and a German institutional investor, closed a 1...
When it takes delivery of a 737-800NG in the next few weeks, Comair has announced that it intends to add five new African destinations to the Qatar Airways route map. Comair has recently agreed a new ...
Sir Stelios Haji-Ioannou, who is a major shareholder of Fastjet, has called a general meeting to immediately dismiss Fastjet’s chief executive, Ed Winter, and remove another director, Krista Bates, fr...
The South African Finance Minister Pravin Gordhan has confirmed that South African Airways (SAA) needs about R2bn to R3bn a year to survive. SAA is currently dependent on the R14.4bn government guaran...
South African carrier FlySafair has stated that it was interested in buying fellow low cost airline Mango from the government. The statement follows the budget speech by South African Finance Minister...
Oman Air and Cargolux are to introduce a new destination in India with the introduction of two flights per week to Mumbai from March 8, 2016. The move is in line with a Joint Venture agreement signed ...
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