For St Patrick's Day: Etihad increases Aer Lingus stake
Abu Dhabi-based Etihad Airways has increased its stake in Ireland's Aer Lingus from 15.95 million shares, or just under 3%, to 16.075 million shares or 3.01%. The value of the transaction was EUR 27 million (USD 37.45 million). The national carrier of the UAE, which has...
Skycargo starts freighter service to Tunis and Abidjan
Emirates SkyCargo, the freight division of Dubai (UA)-based Emirates, is set to increase its cargo capacity to Tunis (Tunisia) and Abidjan (Ivory Coast) with the introduction of a weekly freighter service from today (17 March 2014) The new flight will supplement the existing...
Kuwait: Ordered and collected
Kuwait Airways may overrule a majority decision taken in parliament and pursue an order placed with Airbus. In the meantime, the country’s armed forces have taken delivery of a military transporter.
The Middle East continues to benefit from its key strategic location between three continents. Whilst Saudi Arabia and the Gulf states continue to deepen their presence in global trade networks, the economic development of other countries goes unnoticed.
Swissport reports 11% revenue growth
Swissport International (Swissport), a global provider of ground and cargo services to the aviation industry, reported total revenue of CHF 2.1 billion (EUR 1.7 billion) for 2013, an 11% increase compared to 2012. Last year's result reconfirms the company's position in its...