Transport Royal Jordanian gets $250m to drive expansion Jordan’s flag carrier Royal Jordanian has secured a syndicated loan of $250 million to finance its expansion plans. Arab Bank led the funding round with the participation of several Jordanian and regional banks. The airline’s CEO Samer Majali said that the financial support will help modernise the fleet, route expansion, set up new ventures and […] May 22, 2025
Aviation Flynas sets IPO price as retail tranche opens next week The retail tranche of Saudi budget airline Flynas’s initial public offering (IPO) will start on May 28 after the institutional tranche was oversubscribed almost 100 times, according to a statement to the Saudi stock exchange. The airline set the IPO price at SAR80 ($21.33) per share – the top end of the range – raising SAR4.1 […] May 22, 2025
Aviation Etihad comfortable with Boeing deliveries as profit rises Abu Dhabi’s Etihad Airways, which posted record profit in the first quarter, said it expects to take delivery of at least 100 planes from US plane maker Boeing over the next five years, helping to equip its route expansion plans. “We’re getting more than 20 planes a year for the next five years,” Etihad Airways […] May 21, 2025
Aviation Ex-Etihad CEO James Hogan takes stake in UK’s Global Airlines James Hogan, the former Etihad Airways chief executive who was at the helm during the airline’s loss-making expansion, is set to become a shareholder in the UK’s Global Airlines, a startup attempting to bring the Airbus A380 back into commercial service. Hogan’s advisory firm, Knighthood Global, will take a stake in Global Airlines and advise […] May 20, 2025
Aviation Qatar Airways announces record profit but risks remain State-owned Qatar Airways announced record profits in the year to March 31 after carrying more passengers and using its seat capacity more efficiently. Net income jumped almost 30 percent to QAR7.9 billion ($2.2 billion) in the 2024-25 fiscal year, an increase of more than QAR1.7billion on the year before. Passenger numbers rose almost 8 percent […] May 19, 2025
Aviation Saudi’s air passenger numbers up, but off target Saudi Arabia recorded a 15 percent rise in air passenger numbers year on year in 2024, below the pace needed to achieve an ambitious target by 2030. Last year 128 million passengers travelled through the kingdom’s airports, according to the General Authority for Statistics. Of these, 69 million were international travellers, while 59 million were […] May 19, 2025
