Air Arabia Posts Record Dh1.6B Profit in 2024
Air Arabia has reported a record-breaking Dh1.6 billion pre-tax profit for 2024, marking a significant financial milestone. The airline's full-year...
Finance
Norwegian Airlines Cuts 2024 Profit Forecast Due to Weak Currency
Norwegian Airlines has revised its profit outlook for 2024, adjusting its forecast from NOK 2.1-2.4 billion to approximately NOK 1.85...
Saudi Aviation Fines Soar to $5M in 2024
In 2024, Saudi Arabia’s aviation regulator issued 542 fines amounting to SR18.8 million ($5 million) for breaches of civil aviation...
Airbus Ends 2024 Stronger Than Expected Despite Global Risks
Airbus CEO Guillaume Faury revealed that the company concluded 2024 in a better position than initially anticipated, despite concerns raised...
IAG Leads Race for TAP Stake in European Airline Consolidation
International Airlines Group (IAG), the parent company of British Airways, is emerging as a leading contender to acquire a stake...
Saudi Arabia Unveils $100B Aviation Plan at WEF
Saudi Arabia is set to make waves at the World Economic Forum in Davos by presenting over $100 billion in...
Chinese Airlines at Odds with Nepal Over VAT Dispute
A growing dispute is brewing between Chinese airlines and the Nepalese government as four major carriers refuse to pay the...
Northvolt Files for Bankruptcy Amid Europe’s EV Challenges
Northvolt, a prominent Swedish electric vehicle (EV) battery maker, has filed for Chapter 11 bankruptcy protection in the United States,...
Qatar Airways Buys 25% of Virgin Australia, Challenging Qantas
In a move that could shake up Australia's aviation landscape, Qatar Airways has acquired a 25% stake in Virgin Australia,...
Sweden to Scrap Aviation Tax in 2025: IATA Applauds Decision
The International Air Transport Association (IATA) has applauded the Swedish government's decision to abolish the aviation tax starting from July...
