Browsing: aviation

PARIS: Airbus softened key industrial and financial targets and took a hefty €900-million ($965 million) charge for its troubled space activities as Europe’s largest aerospace group sought a clean slate approach to supply disruptions and commercial risks, according to Reuters.

Malaysia Airlines said one of its flight en route to Bangkok had to make a U-turn back to Kuala Lumpur International Airport on Monday after experiencing a “pressurization issue.”

Lufthansa will add an environmental charge of up to 72 euros ($77) to its fares, the airline group said on Tuesday, joining at least one European rival in doing so as the industry battles to cover the cost of meeting new EU rules on reducing emissions.

The US Transportation Department said on Thursday it fined Emirates $1.5 million for operating flights carrying JetBlue Airways’ designator code in prohibited airspace.

Outgoing Boeing CEO Dave Calhoun will testify before a US Senate panel on June 18 after a series of incidents raised concerns about safety and quality, and led regulators to cap the planemaker’s production of its best-selling 737 MAX.

RIYADH: Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network.

Airlines will fly nearly five billion passengers in 2024 and revenues will soar close to $1 trillion, both record highs, trade body IATA said on Monday as the industry roars back after the pandemic.

RIYADH: Saudi Arabia’s two national airlines will work together to train pilots, aircraft crews and other aviation employees thanks to a new deal.   

RIYADH: Saudi Arabia is experiencing steady growth in its aviation sector, contributing $21 billion to the Kingdom’s gross domestic product in 2023 and solidifying its position as a global tourism hub.

RIYADH: Aviation leaders and key figures from across the globe will convene in Riyadh for the Future Aviation Forum 2024, a three-day event highlighting the strides in global air travel innovation, coinciding with Saudi Arabia’s ambition to generate $100 billion from the sector by 2030.