The CEO of Middle East Airlines, Mohammed Al Hoot, announced that the profits of the company might reach $70 million by the end of year 2008. During his participation in the 41st Annual General Meeting of the Arab Air Carriers Organization in Tunis, Al Hoot said that the international financial crisis will affect the possibilities of receiving funds to buynew aircraft.
READ MOREThe National Air Service (NAS) has decided to transform into a holding that’s the leading provider of aviation services in the Middle East. The holding includes several specialized companies that resulted from transforming the company’s different functions and activities into independent companies.
READ MOREAbu Dhabi, Abu Dhabi Aviation announced its consolidated operational profit, which reached AED 79.50 million from the beginning of the year until 30th September 2008, a 125% increase.
READ MORESana'a - The upgrading operations of Yemen Airways include adding to the fleet new aircraft through purchase deals of Airbus A350 airplanes, the first batch of these airplanes are expected to be received in year 2012.
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Kuwait, Jazeera Airways announced yesterday that it will establish with the company NBK Capital, which is a subsidiary of National Bank of Kuwait, and the German bank DVB an aircraft leasing company capitalized at $375 million and based in Kuwait.
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Amman, The company group Jordan Aviation (JATE) has signed deals to buy 10 new Boeing airplanes of different sizes worth $120 million to serve the expansion in its various activities. Capt. Mohammed Al Khashman, President and CEO of JATE announced that five new airplanes will be received by the company this month.
READ MOREThe airline company Bahrain Air stated on Saturday that it has doubled its authorized capital from BD 10 million to BD 20 million for the purpose of financing the purchase of six Airbus A320 aircraft.
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