Thursday 5 March 2015
 
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aircraft

Paramount prepares for production of AHRLAC

Paramount Group, an Africa-based privately-owned defence and aerospace business, is preparing for the industrialisation of its advanced high-performance reconnaissance light aircraft (AHRLAC). It includes the construction of a fac

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Mideast travel demand to boost aerospace industry growth

The rising passenger travel demand in the Middle East and Asia-Pacific and the production of next generation fuel-efficient aircraft will help the growth of the global global aerospace and defense (A&D) industry this year, a report said.

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UAE airspace 'to be among the busiest in the world'

The UAE's General Civil Aviation Authority (GCAA) anticipates daily aircraft movements in the country to top 5,100 by 2030, making it one of the busiest airspaces in the world. The UAE airspace witnessed an average of 2,250 daily ai

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Ibdar to pay out 10pc dividend to investors

Ibdar Bank is set to distribute a 10 per cent dividend for last year to investors in Aircraft Leasing Investment Company. The Bahrain-based Islamic investment bank's chief executive Basel Al Hag Issa said the dividend payment

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Gulf Air invests $20m to upgrade A330 fleet

Gulf Air has invested $20 million to upgrade four of its Airbus A330 wide-body aircraft in line with global best practices, it has emerged. The national carrier's acting chief executive Maher Salman Al Musallam yesterday (Janu

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Manitou to showcase material handling solutions for aviation sector

Manitou, a leader in rough terrain material handing, will showcase its range of personnel lifting devices and parts handling solutions for civil and military aviation in the Middle East at an event in Dubai, UAE, next month. The A

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Air Arabia may lease aircraft for EU, North Africa expansion

Dubai-listed low-cost carrier Air Arabia could lease aircraft to expand capacity into Europe and North Africa instead of ordering new planes, its chief executive said on Sunday. The budget carrier announced this month it had bough

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Airbus beats Boeing in 2014 order race

Airbus clung to the top spot in commercial plane orders by confirming it outsold Boeing last year, while failing to close a gap in deliveries that leaves its US rival as the world's largest plane manufacturer for the third year running.

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Aluminium-agriculture to spur Bahrain-Russia ties

Aluminium, aircraft, chemicals, biotechnology, agriculture and pharmaceuticals have been identified as key areas of bilateral trade and investment between Bahrain and Russia, a top Russian minister said. Russia's Minister of I

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Emirates raps Airbus over A380 termination hint

The head of Dubai's Emirates issued a furious reaction to a public suggestion by Airbus that it might discontinue the A380 superjumbo and told Reuters it was ready to invest massively in an upgraded version if the planemaker went ahead with

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