Riyadh, Saudi Arabia, Swicorp, the diversified financial services firm operating through offices in the Middle East and North Africa, today announced it has extended its private equity portfolio of investments to aviation, by purchasing a strategic stake in Jordan Aviation ("JATE"), for an undisclosed sum.
READ MOREKuwait, Jazeera Airways announced that it has achieved marked improvement in the second quarter (Q2), which ended on 30th July, 2008, with a 47% increase, and recorded KD 897,895 worth of losses.
READ MORESharjah, Air Arabia stated that the net amount of profits made during the first half of year 2008 has reached AED 160 million, which amount to a 39% increase in comparison to a net profit of AED 115 million for the first six months of last year.
READ MOREEtihad Airways today announced firm orders for 55 aircraft with manufacturer Airbus at the Farnborough International Airshow in the UK. The list price for the order is approximately US $12 billion.
READ MOREEtihad Airways announced today firm orders for 45 Boeing aircraft at the Farnborough International Airshow in the UK. The list price for the order is more than US $9 billion.
READ MOREDubai, Sikorsky Aircraft Corp. has completed delivery of eight UH-60L BLACK HAWK helicopters to the Kingdom of Jordan. Sikorsky, a subsidiary of United Technologies Corp. (NYSE:UTX), made the announcement during the Dubai Air Show.
READ MOREDubai, DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), delivered last week in Jakarta, Indonesia the second Boeing 737-800 Next-Generation aircraft to Garuda the national flag carrier of Indonesia.
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