Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.
Passenger revenues were boosted by code sharing and partnerships.
Airlines are expected to earn $4.1 billion in 2012, up by 27 per cent from the $3.0 billion forecast in June.
Chief Executive Al-Baker says his airline will not join British Airways as part of the airline alliance.
Abu Dhabi’s flag carrier is eyeing further minority stakes in global airlines in continuing bid to compete with local rivals.
Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.
Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.
The low-cost airline will now transport goods to Europe, the US and across Asia.
The Dubai carrier will use Airbus’ superjumbo on a permanent service, giving a 46 per cent rise in seat capacity.
The Abu-Dhabi developer behind the country’s railway network appoints Nasser al-Mansoori as its new chief executive.
The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.
The airport’s cargo capacity is set to increase to 3.1 million tonnes by 2018.
Britain’s BAE Systems and Airbus-owner EADS are in advanced merger talks to create a European powerhouse in aerospace, defence and security.
Dubai-based Emirates is the only Middle Eastern airline to make the list of the world’s biggest global carriers by capacity.
Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.
India’s flagship airline welcomes the arrival of its first Boeing 787, ahead of its first Dubai route.
The agreement does not include a global revenue-sharing deal or equity injection from either side.
Monthly traffic surpassed five million passengers for the first time.
The Dubai-based airline also supports over 72,000 jobs in India through its operations, says study.
The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.
The plant may come up next to a new aluminum smelter in the Kingdom, says Tata Motors chairman.
Gulf Air CEO, Samer Majali, says a consultative leadership style is the best way to energize and motivate employees.
The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.
Bahrain’s loss-making national carrier announced that revenues and passenger numbers rose during the first half of the year.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The metro system, the third one planned in the Kingdom, is estimated to cost around $9.3 billion.
Abu Dhabi’s flag carrier announces daily services will begin early next year.
The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.
The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.
With the GCC expected to spend $79 billion in the next 10 years on railways, metro and tram projects, this development is being heralded as a transport revolution.