Middle-east Arab News Opinion | Asharq Al-awsat

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Abdulaziz Alhamzi. (Asharq Al-Awsat)

Saudia flying high thanks to revenue boost

by Badr Al-Qahtani and Najlaa Habriri | Jul 17, 2014 | Business

London, Asharq Al-Awsat—Saudi Arabia’s flag carrier has enjoyed a remarkably successful 2014 so far, with growing revenues and plaudits from consumer auditors. Saudi Arabia Airlines—known as Saudia—had its rating raised to ‘4 stars’ by the UK’s Skytrax airline and...

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Boeing Chairman James McNerney (left) shows Sheikh Mohammed Bin Rashid Al Maktoum, the ruler of Dubai (center), a model of the new version of its 777X long-haul jet during the Dubai Airshow in Dubai, UAE on November 17, 2013. (Reuters)

Emirates finalizes $56 bn order for 150 Boeing 777X planes

by Asharq Al-Awsat | Jul 9, 2014 | Business

Bangalore, Reuters—Dubai airline Emirates finalized a 56 billion US dollar order to buy 150 Boeing 777X jets on Wednesday, firming up a commitment made last year, just weeks after scrapping an order with rival plane-maker Airbus. The deal includes purchase rights for...

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A file photo taken on March 13, 2013 shows the logo on the wall of the Etihad Airways headquarters in Abu Dhabi, UAE. (AFP Photo/Karim Sahib)

Etihad says agreed principal terms to buy 49 percent of Alitalia

by Asharq Al-Awsat | Jun 25, 2014 | Business

Abu Dhabi, Reuters—Abu Dhabi’s state-owned Etihad Airways said on Wednesday it had agreed principal terms and conditions to buy a 49-percent stake in Alitalia in a last-ditch attempt to save the loss-making Italian carrier. Italy’s flagship airline has...

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A model of an Airbus A350 passenger plane is displayed at a news conference in Hong Kong, March 7, 2011. (Reuters/Bobby Yip)

Emirates cancels order for 70 Airbus A350 planes

by Asharq Al-Awsat | Jun 11, 2014 | Business

Toulouse, Reuters—Airbus lost a major order on Wednesday when Dubai’s Emirates airline cancelled its entire requirement for 70 A350 jets, dealing an unexpected blow to the European aircraft manufacturer and engine maker Rolls-Royce. Shares in Airbus fell more...

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Undated file photo of an EgyptAir aircraft. (Reuters)

EgyptAir losses may reach EGP 10 billion—official

by Asharq Al-Awsat | May 15, 2014 | Business

Cairo, Asharq Al-Awsat—EgyptAir may suffer losses of up to 10 billion Egyptian pounds (1.4 billion US dollars) this year, according to the chairman of the airline’s parent company. Speaking during a news conference held by the Ministry of Aviation and attended by...