Geneva, The International Air Transport Association (IATA) announced traffic results for July 2011 which showed that passenger travel was up 5.9% over July 2010. While Middle East carriers posted a 9.7% increase in demand, outstripping the 8.9% capacity increase. Load factors for the month stood at 81.4%.
READ MOREDubai, Emirates SkyCargo, the freight division of Emirates Airline, has taken delivery of its third Boeing 777 Freighter, the most modern, technologically advanced large freighter available. It joins Emirates’ expanding fleet of Boeing 777s, serving an ever-growing demand from a global cargo market.
READ MOREKochi, Inida: A major disaster was averted when a Gulf Air flight carrying 137 on board skidded off the runway while landing at the airport here early on Monday morning. The aircraft came to a halt in a muddy area close to the runway, and there was no loss of life.
READ MOREMarrakech, Morocco, The Royal Moroccan Air Force (RMAF) unveiled the first four of 24 Lockheed Martin F-16 aircraft in a ceremony today at Ben Guerrir Air Base in Morocco. Senior representatives from the Moroccan and U.S. governments and air forces were present for the historic event.
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Zurich, SR Technics and Virgin Australia have concluded major component maintenance and technical training agreements. Leveraging the full scope of Mubadala Aerospace’s global MRO capabilities, some services will also be completed out of Abu Dhabi Aircraft Technologies (ADAT), SR Technics’ sister company.
READ MOREDubai, Dubai Aerospace Enterprise (DAE) Ltd. announced today that it had successfully concluded discussions with its existing lenders and reached agreement on a new, 4-year credit facility to replace the existing credit facility maturing on 23 July 2011.
READ MOREEtihad Airways today reported its most successful first half year, with revenues up 28 per cent to US$ 1,720 million (H1 2010: US$ 1,342 million), driven by solid performances in both passenger and cargo activities. A 2 per cent reduction in costs per available seat kilometre, despite large increases in oil prices, also helped deliver a positive EBITDAR (earnings before interest, tax, depreciation, amortisation and rentals) in the six months from January 1 for the first time.
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