The Moroccan Government has decided shove up 1.6 billion dirham (MAD)* as part of a 9.3 billions dirham (MAD)* package covering 2011-2016 in loss-making national carrier Royal Air Maroc, Reuters Arabic service reported yesterday
READ MOREDubai, Boeing (NYSE: BA) partnered with Emirates Airlines and non-profit organizations to transport relief supplies on board its newly delivered 777-300ER (Extended Range) to victims of the civil war in Somalia.
READ MOREAlthough unrelated to Cargolux suspending the scheduled delivery of the Boeing on 17th Sept. 2011. It clear there is no validity in the unsubstantiated press reports linking Cargolux action with Qatar Airways recent acquisition of 35% share of the cargo airline.
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Gulf Air confirmed that flight GF742 travelling from Bahrain to Kabul, Afghanistan on 21st September was refused permission to land in Kabul by the Civil Aviation Authority in the Islamic Republic of Afghanistan. The flight carrying 117 passengers has since returned to Bahrain.
READ MOREOn September 21, 2011, Royal Jordanian will receive the second new Airbus A320, as part of the airline’s medium-haul fleet modernization program that involves replacing the current six Airbus A320s and A321s with seven newly manufactured ones of the same models.
READ MORESingapore - The International Air Transport Association (IATA) announced an upgrading of its industry profit expectations to $6.9 billion (up from $4.0 billion projected in June). IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industry’s total revenues of $594 billion.
READ MOREAccording to a report dated 09/18/2011 in Germany's Der Spiegel newspaper, a delegation from Qatar government met with German Economy Minister Philipp Roesler, in a first round of negotiations to acquire a 7.5 % stake.
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