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INFRASTRUCTURAL DEVELOPMENT - AVIATION & AIRLINES

Record growth at Gulf Air continues into August

Posted on 20/08/2003

Strong improvements in key performance indicators reflect continued record growth in Gulf Air business. At the halfway mark in August, Gulf Air announced record year on year growth in both passenger and cargo traffic. "The number of passengers on Gulf Air flights for the month to date is up by 15.6 per cent over the same period last year. With an average load factor in excess of 80 per cent, passenger numbers over the traditionally busy summer months have exceeded even our own forecasts," said ...  >>MORE

Emirates in code share with U.S. airline

Posted on 17/08/2003

Emirates and U.S.-based Continental Airlines will start code sharing on flights between Dubai and the U.S. via London Gatwick airport. Passengers between Dubai and North America will benefit from swift and simple new connecting services starting from next month thanks to a tie-up by two leading world airlines. A new marketing link will also allow travellers on both carriers to enjoy access to one another's airport lounges, as well as enhanced frequent flyer benefits. For travel from ...  >>MORE

Royal Jet announces arrival of luxury Gulfstream aircraft

Posted on 16/08/2003

Royal Jet, the Abu Dhabi-based international charter aircraft service, yesterday announced the arrival of the new luxury Gulfstream G300 which joined its fleet. Ali Ahmed Al Naqbi, Managing Director of Royal Jet, said, "Royal Jet was launched in May this year with the arrival of its first Boeing Business Jet aircraft. "Sheikh Hamdan bin Mubarak Al Nahyan, Chairman of the Department of Civil Aviation in Abu Dhabi and Chairman of Royal Jet, also announced at the time the arrival of the new ...  >>MORE

Emirates flights get warm welcome in New Zealand

Posted on 03/08/2003

New Zealand Prime Minister Helen Clark received a high-level aviation delegation from the UAE led by Sheikh Ahmed bin Saeed Al Maktoum, president of Department of Civil Aviation and chairman of Emirates, on the occasion of Emirates' inaugural flights to the islands on Saturday. Maurice Flanagan, Emirates Group vice-chairman and president arrived on the second inaugural flight, from Melbourne, and was greeted by Sir Barry Curtis, Mayor of Manukau City. Sheikh Ahmed's delegation included New ...  >>MORE

Gulf Air set for next phase of expansion

Posted on 28/07/2003

Gulf Air yesterday said it plans to move ahead with its next phase of expansion following strong passenger and cargo growth in the first six months of this year. Expansion plans include flights to the U.S. and some more destinations in Europe. "Our strong performance sets the scene for the next phase of our expansion strategy. In addition to the recently announced resumption of services to Sydney and Athens, we intend to resume operations to the U.S. and add still further key destinations in ...  >>MORE

Emirates launches self check-in kiosks

Posted on 27/07/2003

Emirates airline recorded profits 50 per cent higher than projected for the first four months of its current financial year, according to a top official. "We have surpassed our budgeted numbers for the period on key parameters, including profit. The results were achieved despite the concerns on account of SARS and the Iraq situation," said Tim Clark, president of Emirates airline. "This is an excellent performance in itself." The group earned a profit of Dh404.2 million for the first six months ...  >>MORE

Emirates, HCT join forces

Posted on 22/07/2003

The Emirates airline has signed an agreement with the Higher College of Technology - Dubai Men's College, to enrol a select number of its new UAE national employees in its three-year Higher Diploma Programme in Aviation Engineering Technology. The programme, accredited by the UAE Ministry of Higher Education and Scientific Research (MOHESR), is designed to mould high school leavers into fully qualified Aeronautical Engineers. The first term begins in September 2003, and Emirates intends to ...  >>MORE

Abu Dhabi Aviation net rises to Dh37.7m

Posted on 21/07/2003

Abu Dhabi Aviation Company (ADVC) posted net profits of Dh37.7 million in the second quarter of this year, up by 24.5 per cent compared with Dh22.2 million in the same period last year. ADVC, which is listed on the Abu Dhabi Securities Market (ADSM), announced its results in accordance with the regulations of ADSM and the Securities and Commodities Authority. Revenues rose from Dh104.7million to Dh122.1 million. Investment revenues and others rose from Dh5.2 million to Dh7.4million. Assets ...  >>MORE

Emirates inaugurates new link to Moscow

Posted on 16/07/2003

Emirates celebrated its new services to Moscow, launched on July 1, with a delegation headed by Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Emirates Group arriving in the city yesterday to attend a gala dinner and hold discussions with senior officials. The service, opening a new chapter in trade and tourism between the UAE and Russia. In his welcome address, Sheikh Ahmed said: "The Russian Federation is one of the world's great nations, and Moscow is not merely an important gateway, ...  >>MORE

Emirates signs US$90m Islamic finance deal for new plane

Posted on 14/07/2003

Emirates has signed a US$90 million, 12-year Islamic lease for one Airbus A330 airliner. This is the second Emirates A330 aircraft to be financed with Islamic funds within a fortnight, signalling a strong vote of confidence from financiers. The financing, structured as an Islamic operating lease, was arranged by HSBC Structured Finance, Hong Kong, with HSBC Amanah Finance (Dubai) and Dubai Islamic Bank as Islamic structuring advisers. The funding is provided by Dubai Islamic Bank, Abu Dhabi ...  >>MORE

Gulf Air to start coach service

Posted on 02/07/2003

Gulf Air is launching a luxury passenger coach service between Dubai and Abu Dhabi airports. "The comfort and hospitality of a Gulf Air flight out of Abu Dhabi can now begin in Dubai," said A.K. Nizar, Gulf Air's Dubai manager. "The service will make the capital's airport even more accessible and the ideal gateway to and from the UAE." The 52-seat vehicle will depart twice daily from the Gulf Air office in Deira at 8.30am and 8.30pm for the 90-minute journey and return at 12.15pm and 15 ...  >>MORE

Emirates flies to Moscow

Posted on 02/07/2003

Emirates launched its new service to Russia yesterday - making Moscow its 67th destination. The five-a-week service to Moscow's Domodedovo airport will boost business links between the Russian capital and the commercial heart of the Middle East. The new service offers Russian customers convenient connections to Emirates' major Far East business and leisure destinations. Emirates' Airbus 330-200s with 18 First, 42 Business and 183 Economy seats, and 15 tonnes of cargo capacity now link Dubai ...  >>MORE

Emirates offers special Circle Trip bargain fares

Posted on 02/07/2003

Emirates has started offering special 'Circle Trip' bargain fares to Europe and the Middle East. Travellers planning a trip to their home countries in the Middle East, plus a holiday in Europe this summer, can plan a "Europe Circle Trip" to any of nine Emirates' European destinations. They can fly from Dubai via any of five Mideast cities on either their outward or return journey. The promotion runs until the end of the year. That means they can travel from Dubai to their European ...  >>MORE

Emirates in US$90m finance deal with IDB

Posted on 30/06/2003

Emirates in US$90m finance deal with IDB Emirates has signed a US$90 million multi-currency Islamic lease for one A330-200 aircraft with Jeddah-based Islamic Development Bank (IDB), arranged by HSBC. This is the first time that an A330 aircraft has been financed by a single Islamic institution. The IDB is one of the region's foremost financial institutions. Established in 1975, it is owned by 54 Muslim countries, and is one of the few financial institutions worldwide to carry an AAA credit ...  >>MORE

Extra airline charges make passengers and agents angry

Posted on 30/06/2003

Airlines in the UAE continue to impose taxes and charges while justifying their stance, and travel agents and passengers bear the brunt by paying higher airfares which they consider unfair. However, a recent meeting of the Board of Airline Representatives here has decided to sort out the sticky issue by forming a sub-committee. In all, charges ranging between Dh300 and Dh400 comprising fuel surcharge, insurance war risk premium and airport departure tax are levied on passengers flying out of ...  >>MORE

Gulf Traveller's load factor far exceeds target

Posted on 28/06/2003

Gulf Air's all-economy airline, Gulf Traveller, is enjoying up to 85 per cent load factor, way past the airline's expectations, said a senior company official yesterday. "The project has been so successful that Gulf Air is now planning to expand it to Europe. We have recorded a load factor of between 74 and 85 per cent on the Subcontinent and Middle East flights, said Mahfouz Ali Al Harithi, Gulf Air's general manager for the UAE. Gulf Air started operating the all-economy flights on June 1 ...  >>MORE

Emirates signs deal for new simulator

Posted on 20/06/2003

Emirates has announced the acquisition of a new simulator for the Emirates-CAE Flight Training Centre in Dubai. Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates Group, said the Hawker 800/800XP was the sixth simulator to be installed at the centre, joining the A320 family, the NG/BBJ, the A330/340 and the Gulfstream IV and the Gulf-stream V. Sheikh Ahmed said: "The region is well served by this training facility. Airlines in the region know and ...  >>MORE

Gamco in deal with Rolls-Royce

Posted on 20/06/2003

Rolls-Royce has been contracted by the Abu Dhabi-based Gulf Aircraft Maintenance Co (Gamco) to support a Totalcare agreement for Gulf Air's six A300-200s powered by the Trent 700 engine. The contract, valued at $150 million, was announced yesterday at the Paris Air Show, "Gulf News” quoted a press release from Rolls-Royce yesterday. Under the terms of the agreement, Gamco will manage the contract on behalf of Gulf Air. The signing of this agreement further strengthens the relationship ...  >>MORE

Emirates signs US$19b deal for 71 aircraft

Posted on 17/06/2003

Emirates yesterday awarded Airbus and Boeing the biggest orders in global aviation history, valued at US$19 billion for 71 aircraft, in the presence of General Sheikh Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and UAE Defence Minister. Of the 71 planes on order, Airbus won 45 and the rest went to Boeing. The deals were signed at the Paris Air Show by Sheikh Ahmed bin Saeed Al Maktoum, Dubai Civil Aviation President and Emirates Chairman. They include orders for 21 Airbus A380-800 ...  >>MORE

Emirates to fund planes with bond

Posted on 17/06/2003

Emirates is planning a combination of bank loans and public finance by floating another international bond to finance the purchase of the 71 aircraft announced at the Paris Airshow yesterday. The airline might borrow money from a consortium of banks, including HSBC, Chase, Credit Agricole, a senior Emirates official said, after the signing of Emirate's deals with Airbus and Boeing. Meanwhile, Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman of Emirates, ...  >>MORE

Gulf Traveller takes off

Posted on 16/06/2003

Gulf Air expects to earn higher revenues through its just launched all-economy airline, Gulf Traveller, and reduce losses by half to US$20 million by the end of this year. Also, the airline's fleet expansion until 2005 will include aircraft on operating leases and Gulf Air will fly to Iraq once Baghdad International Airport opens. Speaking yesterday after the official launch of Gulf Traveller, Gulf Air's all-economy airline, James Hogan, president and chief executive, said the new airline has ...  >>MORE

Emirates 'buys 41 long-haul Airbus planes'

Posted on 16/06/2003

Airbus was won a multi-billion-dollar order for 41 passenger jets from Dubai's Emirates airline, the European planemaker's head said in an interview released yesterday. Airbus President Noel Forgeard told Le Figaro daily that Emirates had ordered 21 Airbus A380 and 20 A340-500 or A340-600 airliners, on top of 22 A380 jets already on order. He gave no financial details, but based on the list price of the aircraft such an order is theoretically worth up to US$8.7 billion. In practice, however, ...  >>MORE

Emirates to place new jet orders at Paris Airshow

Posted on 12/06/2003

Emirates is going to place fresh orders for new jets at the coming Paris Le Bourget Airshow, officials said. The carrier will make an announcement on June 16, when Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation and Emirates chairman, signs the deal, officials said. The size and the combination of the order has not been revealed. Emirate's new deal will be in addition to its US$15 billion order placed during the Dubai 2001 airshow. Meanwhile, an Emirates spokesperson ...  >>MORE

Emirates flights to Moscow begin July 8

Posted on 11/06/2003

Emirates will start services between Dubai and Moscow on July 8, providing five direct flights weekly, said Gaith Al Gaith, Emirates commercial operations director. The new service is part of the carrier's plans to serve the high demand on the Dubai-Moscow sector. In line with aircraft purchases announced during the Dubai Airshow 2001, Emirates on August 1 will extend its daily flights to Sydney and Melbourne to Auckland, providing14 flights weekly in each direction. Its daily flights to ...  >>MORE

Emirates to begin Auckland flights from August 1

Posted on 10/06/2003

Emirates will start services between Dubai and Auckland, New Zealand on August 1, said Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Department of Civil Aviation and chairman of Emirates. From that date, Emirates daily flights to Sydney and Melbourne will be extended to Auckland providing a total of 14 flights weekly in each direction. Emirates daily flights to Brisbane, scheduled to start October 26, will also be extended to Auckland, increasing Emirates services to 21 weekly. ...  >>MORE

Emirates ready to fly to Baghdad

Posted on 09/06/2003

Emirates is ready to fly to Baghdad any time, and the airline is in touch with the Iraqi officials, Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation and Chairman of Emirates Group, said yesterday. Meanwhile, Marriott is opening the Courtyard, one of its hotel brands, at the Green Community here early next year, said its top regional official. Referring to Emirates success, Sheikh Ahmed said, "Last year, Emirates registered a 74 per cent growth in net ...  >>MORE

Emirates expected to announce US$8b order for Boeing and Airbus

Posted on 07/06/2003

London- Analysts are expecting airlines to place fewer orders for new aircraft at the Paris Air Show this month as they struggle to maintain profitability. The Paris Air Show, a biennial event held at the Paris airport of Le Bourget and starting on June 15, has in the past seen a flurry of orders for new aircraft being announced by Boeing Company and European rival aircraft manufacturer Airbus. But the two major aircraft manufacturers are now facing their "toughest test in decades, with orders ...  >>MORE

Gulf Air to expand its fleet by 10pc

Posted on 06/06/2003

Gulf Air has signed an agreement to increase its fleet by 10 per cent, the company announced yesterday. A Gulf Air delegation has returned from London, where aircraft leasing agreements were concluded to add three more to the 30-aircraft fleet. James Hogan, Gulf Air's president and chief executive, said: "The airline has entered into agreements to lease an additional three aircraft. This initiative will meet and support the current requirements of our network, which is being planned around ...  >>MORE

Emirates bags ME Deal of the Year Award

Posted on 28/05/2003

Emirates has bagged the "Middle East Deal of the Year” award from the Airfinance Journal. The Airfinance Journal's "Deal of the Year” awards are regarded as the "Oscars” airline financial industry, Emirates said in a press statement on Tuesday. More than 150 international financial leaders from airlines, aircraft manufacturers, banks and institutional investors were present at the awards ceremony. Reporting on the award Airfinance Journal cited Emirates' innovative US$100 million deal to ...  >>MORE

Emirates wins best airline lounge award

Posted on 13/05/2003

Emirates airline's First and Business Class lounges at Dubai International Airport have been voted the World's Best Airline lounge for this year at a survey organised by Skytrax, which this year attracted more than 918,336 eligible nominations over a six-month period. The award is a direct result of the extensive refurbishment and upgrades that were implemented last year, which now offer Emirates' business and premium traveller's lounges that are oases of unique luxury and comfort. The ...  >>MORE

Royal Jet launches charters

Posted on 12/05/2003

Royal Jet, the joint venture between Abu Dhabi Aviation and Royal Emiri Flights, Abu Dhabi, yesterday announced the launch of its new luxury international airplane charter services. Operations commenced last week with a 42-seat Boeing Business Jet (BBJ) 737-700 to Karachi and Jeddah, while two new Gulfstream G300 aircraft will be pressed into service after delivery in September. Royal Jet becomes one of the few certified chartered operators in this region. "Royal Jet will provide special ...  >>MORE

Gulf Air launches economy airline

Posted on 09/05/2003

Gulf Air yesterday launched Gulf Traveller, an all-economy class brand for South Asian destinations, to be operational from June 1. Gulf Traveller has a totally new design and livery. Initially, six Boeing 767s have been decorated and refurbished to launch the brand, a Gulf Air subsidiary. It has been launched at the Arabian Travel Market as part of the carrier's recovery plan, which its officials said will help them to manage capacity, load and inventory in a better way. Gulf Air will also ...  >>MORE

Gulf Air cuts loss by 8.4m dinars

Posted on 03/05/2003

Gulf Air yesterday reported a loss of just under 41 million Bahraini dinars in 2002, down 8.4 million dinars. The carrier will launch the region's first all-economy airline next month. The airline's directors met in Oman and approved its financial statements and reaffirmed their commitment to the airline, a statement said. "The strong rally in Gulf Air's performance and its new visibility in the market are evidences that the measures implemented as part of the three-year restructuring are ...  >>MORE

Emirates posts Dh1.04b profit

Posted on 01/05/2003

Despite the negative impact of SARS and the war on Iraq on the global airline industry, Emirates Group achieved a record Dh1.04 billion net profit for fiscal year ending March 2003, a 73.9 per cent increase over last year's Dh603 million. The group's revenues grew by 31 per cent to Dh10.24 billion from Dh7.81 billion in 2001-02, of which Emirates airline alone contributed Dh9.60 billion, the balance Dh960 million coming from its travel and ground handling outfit, Dnata, announced yesterday ...  >>MORE

New firm to be set up to operate private jets

Posted on 30/04/2003

Commercial helicopter operator, Abu Dhabi Aviation, will soon launch a joint venture company that will operate private jets, top officials confirmed. The new company will be called Royal Jet LLC. It will be registered in Abu Dhabi and will be owned equally by Abu Dhabi Aviation and the Royal Emiri Flights, Abu Dhabi. No details of the capital or investment were provided. The company will start operations with three private jets initially and will expand operations gradually, he said, adding ...  >>MORE

Abu Dhabi Aviation posts Dh79.12m net

Posted on 29/04/2003

Growth in turnover coupled with appreciation in overseas investment property helped Abu Dhabi Aviation earn a net profit of Dh79.12 million, up 55 per cent compared with the previous year. A cash dividend of Dh13 million and bonus shares amounting to Dh26 million was ratified by shareholders at the company's annual general meeting yesterday, presided over by Sheikh Hamdan bin Mubarak Al Nahyan, Chairman of Abu Dhabi Civil Aviation, and chairman of the company. Accordingly, the Abu Dhabi ...  >>MORE

Skywards bags six InsideFlyer awards

Posted on 28/04/2003

Skywards, the frequent flyer programme of Emirates, the Dubai-based global passenger and cargo air carrier, finished first in six categories, including the coveted international ‘Programme of the Year' award at the InsideFlyer magazine's 15th Annual Freddie Awards dinner held at the Wyndham Hotel in Colorado Springs on April 24. Only three years old, Skywards unseated six-time ‘Programme of the Year' winner, SAS EuroBonus "It is a great honour to be recognised so impressively by InsideFlyer and ...  >>MORE

Emirates Engineering gets U.S. aviation body certification

Posted on 21/04/2003

The U.S. Federal Aviation Administration has certified Emirates Engineering as a Foreign Repair Station, an important step in its drive to become the major aircraft maintenance centre in the Middle East. The certification recognises the high quality of Emirates Engineering and its organisation and procedures, and authorises it to carry out maintenance on U.S.-registered civilian aircraft at its engineering facility in Dubai, said Adel Al Redha, director of Emirates Engineering. The ...  >>MORE

UAE gets US aviation administration rating

Posted on 17/04/2003

The US Department of Transportation's Federal Aviation Administration (FAA) has announced that the UAE complies with international safety standards set by the International Civil Aviation Organisation (ICAO) and issued the country a Category 1 rating. In Category 1 rating given to the UAE, the civil aviation authority comply with ICAO standards. The authority has been assessed by FAA inspectors and has been found to license and oversee air carriers in accordance with ICAO aviation safety ...  >>MORE

Gulf Air, Oman Air to join hands in some operations

Posted on 17/04/2003

Gulf Air and Oman Air are planning to join some of their operations with the aim of boosting the region's economies. The statement, issued yesterday by Gulf Air, said a delegation headed by chief executive of Oman Air, Abdul Rahman Al Busaidy, met with James Hogan, president and chief Executive of Gulf Air, and other senior airline executives in Bahrain last week. Discussions centred on areas of co-operation, including the network, cargo operations, sharing infrastructure, expansion of code ...  >>MORE

Gulf Air keeping close watch on Iraqi market

Posted on 15/04/2003

Gulf Air is looking closely at the Iraqi market and will resume operations once things are more settled, said the carrier's top official. Despite the Iraq war and the spread of the SARS virus, which have affected the aviation industry badly, Gulf Air said growth remained on track and it would meet the three-year target of full recovery from loss. James Hogan, Gulf Air's president and chief executive, yesterday said the airline will break even next year after reducing losses and will begin to ...  >>MORE

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RETURN TO TOP | WAM UP TO THE MINUTE NEWS

Quick List

Record growth at Gulf Air continues into August


Emirates in code share with U.S. airline


Royal Jet announces arrival of luxury Gulfstream aircraft


Emirates flights get warm welcome in New Zealand


Gulf Air set for next phase of expansion


Emirates launches self check-in kiosks


Emirates, HCT join forces


Abu Dhabi Aviation net rises to Dh37.7m


Emirates inaugurates new link to Moscow


Emirates signs US$90m Islamic finance deal for new plane


Gulf Air to start coach service


Emirates flies to Moscow


Emirates offers special Circle Trip bargain fares


Emirates in US$90m finance deal with IDB


Extra airline charges make passengers and agents angry


Gulf Traveller's load factor far exceeds target


Emirates signs deal for new simulator


Gamco in deal with Rolls-Royce


Emirates signs US$19b deal for 71 aircraft


Emirates to fund planes with bond


Gulf Traveller takes off


Emirates 'buys 41 long-haul Airbus planes'


Emirates to place new jet orders at Paris Airshow


Emirates flights to Moscow begin July 8


Emirates to begin Auckland flights from August 1


Emirates ready to fly to Baghdad


Emirates expected to announce US$8b order for Boeing and Airbus


Gulf Air to expand its fleet by 10pc


Emirates bags ME Deal of the Year Award


Emirates wins best airline lounge award


Royal Jet launches charters


Gulf Air launches economy airline


Gulf Air cuts loss by 8.4m dinars


Emirates posts Dh1.04b profit


New firm to be set up to operate private jets


Abu Dhabi Aviation posts Dh79.12m net


Skywards bags six InsideFlyer awards


Emirates Engineering gets U.S. aviation body certification


UAE gets US aviation administration rating


Gulf Air, Oman Air to join hands in some operations


Gulf Air keeping close watch on Iraqi market