Oman Brunei Aviation Leasing Co will invest in and manage the purchase and lease of commercial aircraft operated by airlines in the Middle East and globally.
The zero-fuel airplane is flying from the UAE capital to Oman in the first leg of its journey.
Emirates, flydubai and Etihad Airways have suspended flights to Erbil as ISIL destroys ancient cities in Iraq’s north.
The firm will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, sources said.
The carrier currently operates three flights a week between Abu Dhabi and the Iranian capital.
US carriers accuse Gulf airlines of receiving more than $40 billion in government subsidies since 2004.
Emirates has said it would look at placing an order for up to 200 A380neo jets to replace its current fleet and drive further expansion.
How will Eurowings’ new low-cost Dubai services fare next winter?
Clark’s statement comes amidst intense price competition in southeast Asia that has made life tough for carriers.
Qatar Airways bought a 9.99 per cent stake in International Consolidated Airlines Group (IAG) in January.
The Abu Dhabi carrier currently flies the jumbo jet to London, and will soon begin A380 services to Sydney.
Qatar Airways has ordered 80 of the newest European long-haul jet, which is designed to compete with Boeing 787 and 777.
The UAE and Saudi Arabia are thinking of beginning their partial operation of the network by 2018, said the country’s minister of public works
The facility will be used to repay debt and for general business purposes.
Emirates’ operations supported 85,100 jobs across the EU in the 2013-2014 financial year, the company said in a statement.
A total of 7.25 million passengers travelled with flydubai during the year.
Passenger numbers climbed to 6.9 million in January from 6.4 million a year earlier.
The new non-stop service will begin from June 3, with Bali becoming Emirates’ 148th global destination.
Carrier demands for better fuel efficiency is rewiring aircraft interiors, writes Kim Choate, director of Mass Transportation for SABIC’s Innovative Plastics business.
The airline has confirmed that the A380 flight made a safe landing at the Dubai Airport.
Flights will be subject to increased safety and security requirements, the regulator said.
The airline’s turnaround strategy includes stripping costs, freezing capacity and slashing 5,000 jobs.
He was responding to allegations made by the three largest U.S. airlines, Delta Air Lines, American Airlines and United Airlines.
The authority inaugurated the first station within its main office on Wednesday.
The UAE currently comprises around 20 per cent of Airbus’ Middle East market, an official confirmed.
State-owned DAE purchased aviation services firm StandardAero from the Carlyle Group in 2007.
Sources said the deal could close by the end of the first quarter.
An industry veteran gives his insights into the little discussed aviation leasing market.
Emirates’ Tim Clark, Qatar Airways Akbar Al Baker and US-UAE Business Council President Danny Sebright are among those who responded to the comments.
The airline will fly four times per week to Doha, bringing the total number of destinations from its Ras Al Khaimah hub to nine.