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Finance/Lease Regional News

Saudi Arabia Modernize Medina Airport with International Assistance

News Desk Nov 1, 2011 0

Jeddah, Saudi Arabia, International Finance Corporation a member of the World Bank Group, is helping Saudi Arabia expand Medina’s international airport under a public-private partnership project that is the first of its kind in the region and is expected to spur economic development and help accommodate a growing number of religious pilgrims.

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Regional News

The UAE Post 10 per cent Increase In Revenues and 12 per cent Growth for Swiss International

News Desk Oct 30, 2011 0

Swiss International Air Lines increased its total income from operating activities to CHF 3 707 million (USD4 218 million) for the first nine months of 2011, a 5% improvement on the prior-year period. Thanks to strong demand and high fleet utilisation.

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Regional News

UAE Civil Aviation Takes Stance Against Air Safety Violators

News Desk Oct 30, 2011 0

In an interview with the Dubai's leading Arabic daily newspaper Emarat Al Youm ("Emirates Today") published on 30th Oct 2011, UAE General Civil Aviation Authority Director General Saif Al Suwaidi revealed:

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Regional News

Cargolux successfully resolves contractual issues after rejection of first two Boeing 747-8 aircraft

News Desk Oct 12, 2011 0

Luxembourg, Cargolux announced today that the delivery of the first two Boeing 747-8 Freighters initially scheduled for 19 and 21 September is proceeding on 12 and 13 October 2011 following the resolution of contractual issues between Boeing, GE and Cargolux related to the performance of the aircraft and the engines.

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Regional News

ADAC implements Oracle E-Business Suite

News Desk Oct 12, 2011 0

Abu Dhabi Airports Company (ADAC) announced today the completion of the first phase of the Oracle E-Business Suite implementation. This announcement comes as another initiative of the company to support its mission of being an efficient organization with high performing people.

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Regional News

Plaza Premium and its Local Partner Secure a 15 Year Contract for 12 Airports

News Desk Oct 10, 2011 0

Several Arabic dailies in Saudi Arabia reported that General Authority for Civil Aviation (GACA) signed a 15 year "Public Private Partnership" based agreement with the international firm Plaza Premium and its local partner, Meeza Company.

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Regional News

Aviation Link to Manage two New Airbus Corporate Jets

News Desk Oct 10, 2011 0

Aviation Link, the aircraft management company based in Jeddah, Saudi Arabia, is to manage two new-build Airbus VIP aircraft, an ACJ319 and an A319, on behalf of two customers, adding to the already extensive fleet of Airbus corporate jets in the Middle East.

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