US approves the release of $1.2 billion in military aid to Egypt
The United States has approved the release of $1.2 billion in military aid to Egypt.
Business & Finance
in Business Aviation / Business & Finance Dassault and Safran settle dispute over 5X engine delay
Posted 6 September 2018
Dassault Aviation has agreed what it described as an “amicable settlement” with Safran putting an end to the dispute concerning the Silvercrest engine planned to equip the Falcon 5X.
in Air Transport / Business & Finance Zambia Airways relaunches
Posted 22 August 2018
Following signing of a shareholders agreement in Lusaka on Sunday between the Zambian Government and Ethiopian Airlines, Zambia Airways has been relaunched with its inaugural flight set for the beginning of next year.
in Business & Finance Ethiopian registers record success in 2017/18 fiscal year
Posted 13 August 2018
Ethiopian Airlines has registered record success in the just ended 2017/18 fiscal year. In line with its 15 year strategic roadmap, Vision 2025, the airline registered historical success in financial, commercial,
in Business & Finance Airbus forecasts $4.6 trillion worldwide market for commercial aircraft services over next 20 years
Posted 17 July 2018
Ambitions to boost value to customers and reach $10bn of services revenues in commercial in the next decade
in Business & Finance US Advisory Council on doing business in Africa visits Ethiopian Airlines
Posted 26 June 2018
A large delegation of US businesses and officials from across the US government, led by US Under Secretary of Commerce Gilbert Kaplan, has visited Ethiopian Airlines to explore potential business
in Business & Finance Air Namibia and APG Network in partnership
Posted 6 April 2018
Air Namibia and APG Network have announced a new partnership effective from March 2018.
in Business & Finance South African Airways issues a statement regarding audit report
Posted 14 March 2018
The board and management of South African Airways has issued a statement to say it is taking urgent steps to address issues raised by the Auditor-General’s office in its 2016-17 audit report, and remains optimistic about
in Business & Finance African airlines saw January traffic rise 4.9%
Posted 8 March 2018
The International Air Transport Association (IATA) announced global passenger traffic results for January 2018 showing traffic (revenue passenger kilometers or RPKs) rose 4.6% compared to January 2017.
in Business & Finance House Committee on Banking praises Arik Air management
Posted 26 February 2018
The Chairman of House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri has commended the present management of Arik Air for the good work they have done in turning around the fortunes of the
in Business & Finance Bombardier reports fourth quarter and full year 2017 results
Posted 16 February 2018
Bombardier has released its fourth quarter and full year 2017 results, highlighting solid financial and operational performance across the company.
in Business & Finance Afriqiyah seeks return of Euro-based A320s
Posted 29 January 2018
Afriqiyah is seeking the return of its two A320-200s currently leased out to Lithuanian ACMI/charter specialist Small Planet Airlines, reports ch-aviation.
in Business & Finance IATA: Blocked Funds, Connectivity, Infrastructure, and Safety top agenda for Angola
Posted 25 January 2018
The International Air Transport Association (IATA) forecasts a trebling in the size of Angola's air transport market to 7.1 million passengers a year by 2036 at the present forecast annual growth
in Business & Finance Harare open to all forms of investment in Air Zimbabwe
Posted 25 January 2018
The Zimbabwean government is open to all forms of partnership with Air Zimbabwe and is even prepared to waive a cap on 49% foreign ownership to entice investors to the ailing state-owned carrier, reports ch-aviation.
in Business & Finance Four start-ups apply for Comorian operating licences
Posted 16 January 2018
Four start-up carriers have applied to the Comorian government for operating licences involving both domestic and international services, ch-aviation.
in Business & Finance Airbus Commercial Aircraft delivers record performance
Posted 16 January 2018
Airbus’ Commercial Aircraft deliveries in 2017 were up for the 15th year in a row, reaching a new company record of 718 aircraft delivered to 85 customers.
in Business & Finance Fly Modern Ark eyes 25% stake in Air Zimbabwe
Posted 2 January 2018
Fly Modern Ark has submitted a proposal to the Zimbabwean government in which the South African start-up would equip Air Zimbabwe with Xian Aircraft Company turboprop equipment in return for a 25% stake in the state-owned airline, reports
in Business & Finance Boeing and Embraer in merger talks
Posted 21 December 2017
Boeing and Embraer have confirmed they are undergoing talks towards a possible merger. The confirmation follows a report that the two companies were in discussion by the Wall Street Journal.
in Business & Finance 160 new aircraft set to be delivered to Africa by 2025
Posted 29 November 2017
To coincide with Africa's first African business aviation conference and exhibition (AfBAC), which runs from 29th November to 1st December in Johannesburg, South Africa, new analysis of industry data by Global Jet Capital, a
in Business & Finance Swazi central bank freezes Aghalieaku Airways' bank accounts
Posted 27 November 2017
The Central Bank of Swaziland (CBS) has ordered Nedbank Swaziland to freeze the accounts of local carrier Aghalieaku Airways after investigations implicated its owner, Nigerian Chief Benjamin Aghalieaku Arinze, in
in Business & Finance Kenya Airways Limited advised on financial restructuring
Posted 23 November 2017
Global law firm White & Case has advised Kenya Airways Limited on its US$2 billion financial restructuring.
in Business & Finance Airbus reports nine-month 2017 results
Posted 1 November 2017
Airbus SE reported nine-month 2017 financial results and confirmed its guidance for the full year.
in Business & Finance Air Arabia's Egyptian unit disposes of $3.3mn of equity
Posted 23 October 2017
Air Arabia disposed of 590,000 shares to an unspecified party/parties a filing with the Egyptian Stock Exchange (ESX) on October 11, reports ch-aviation.
in Air Transport / Business & Finance SAA major board shake-up as chair replaced
Posted 19 October 2017
South African Airways is undergoing a major board reshuffle today.
in Business & Finance Zimbabwe government minister in legal battle over Rainbow Airlines
Posted 18 October 2017
Zimbabwean Minister for Information Communication Technology, Supa Mandiwanzira, has been taken to court by a fellow shareholder of local start-up carrier Rainbow Airlines citing breach of contract, reports
in Business & Finance Ethiopian Airlines in talks to partner Air Djibouti
Posted 18 October 2017
Ethiopian Airlines has initiated talks with the government of Djibouti over a possible partnership with Air Djibouti, reports ch-aviation.
in Business & Finance Boeing reports third-quarter deliveries
Posted 10 October 2017
The Boeing has announced deliveries across its commercial and defence operations for the third quarter of 2017.
in Business & Finance Ethiopian nearing early JV deal for new Zambian carrier
Posted 3 October 2017
Ethiopian Airlines is set to tighten its stranglehold on the Southern African market following comments by CEO Tewolde Gebremariam that a deal with the Zambian government over its Zambia Airways project could be reached in the
in Business & Finance Air Burkina to be restructured
Posted 19 September 2017
Air Burkina is to be restructured and its fleet expanded, possibly with turboprops, as part of a government initiative to improve its sustainability, reports ch-aviation.
in Business & Finance Airports Company South Africa profit up 10.8% in FY2017
Posted 18 September 2017
Airports Company South Africa reported revenue growth of 3.4% to R8.6 billion in the year ended 31 March 2017, with profit up 10.8% to R2 billion.
in Business & Finance Green Africa Airways selects Pentagram as branding partner
Posted 12 September 2017
Green Africa Airways has selected Pentagram as its branding partner that will work with the airline as it lays the foundation for its brand identity.
in Business & Finance Comair shows strong profit growth in tough trading conditions
Posted 12 September 2017
Comair Limited has issued its annual financial results, reporting a 54% increase in profits to R297 million and a 28% increase in cash generated by its operations.
in Business & Finance SAA to cut fleet by almost 20% in latest restructuring plan
Posted 11 September 2017
South African Airways will cut capacity at its mainline operation as part of an overall downsizing of the carrier's network, reports ch-aviation.
in Business & Finance Syphax Airlines denies AOC reapplication rejected
Posted 4 September 2017
Tunisia's Syphax Airlines has denied reports in the Tunisian media claiming its application to the North Africa state's civil aviation regulator seeking the reinstatement of its AOC had been flat out rejected, reports ch-aviation.
in Business & Finance Air Daytona Tourist Airlines seeks investment
Posted 4 September 2017
Botswana's Air Daytona Tourist Airlines founder and sole shareholder, Moses Botipeng, has confirmed the prospective scheduled passenger carrier is in the process of beginning its certification drive with the Botswana Ministry of
in Business & Finance Ethiopian Airlines confirms interest in Arik Air
Posted 4 September 2017
Ethiopian Airlines has confirmed that it is in talks to manage Nigeria's Arik Air, reports ch-aviation.
in Business & Finance Air Madagascar and Air Austral to ink final deal in 4Q17
Posted 7 August 2017
Air Madagascar and Air Austral have confirmed the signing of their firm strategic partnership agreement has been delayed until late October at the earliest pending the resolution of several issues including the settlement of
in Business & Finance Government of Burundi plans merger of Air Burundi and SOBUGEA
Posted 7 August 2017
The government of Burundi is planning to resuscitate moribund national carrier Air Burundi by merging it with fellow parastatal, the profitable ground-handling firm SOBUGEA (Société Burundaise de
in Business & Finance Air transport infrastructure and connectivity to key to boosting Nigeria's economy
Posted 7 August 2017
The International Air Transport Association (IATA) says more jobs could be created and additional economic growth achieved in Nigeria if the West African nation used the transformative power of
in Business & Finance African airlines' traffic soared 9.9% in June
Posted 7 August 2017
The International Air Transport Association (IATA) announced global passenger traffic data for June showing that demand (measured in total revenue passenger kilometers or RPKs) rose by 7.8% compared to the year-ago period.
in Business & Finance Embraer releases second quarter 2017 results
Posted 28 July 2017
In 2Q17, Embraer delivered 35 commercial and 24 executive (16 light and 8 large) jets, compared to the 26 commercial and 26 executive (23 light and 3 large) jet deliveries in 2Q16.
in Business & Finance Boeing reports strong second-quarter results
Posted 26 July 2017
The Boeing Company has reported strong earnings and operating cash flow in the second quarter of 2017, driven by improved operating performance.
in Business & Finance Syphax Airlines gains reorganisation plan approval
Posted 20 July 2017
Syphax Airlines is on track for its planned 4Q17 relaunch after the Court of Sfax approved airline's reorganisation plan, reports ch-aviation.
in Business & Finance Comoros set to offer foreign carriers cabotage rights
Posted 18 July 2017
The government of the Comoros is planning to open up the Indian Ocean archipelago's domestic market to foreign operators, reports ch-aviation.
in Business & Finance Air Zimbabwe slashes workforce by half
Posted 17 July 2017
Air Zimbabwe has announced that it has retrenched 200 of its 424 staff as it struggles to keep the airline in business. This is the fourth round of retrenchments in eight years, reports ch-aviation.
in Business & Finance Emirates terminates TAAG Angola management contract
Posted 11 July 2017
Emirates has terminated, effective immediately, a ten-year Management Concession Agreement with TAAG Angola Airlines, reports ch-aviation.
in Business & Finance Fastjet to acquire branding rights from EasyGroup
Posted 10 July 2017
Fastjet plc the London-listed co-parent of Fastjet Zimbabwe and Fastjet, has announced plans to acquire the rights to the Fastjet brand from EasyGroup Holdings for USD2.5 million, reports ch-aviation.
in Business & Finance Boeing reports second-quarter deliveries
Posted 10 July 2017
The Boeing Company has announced deliveries across its commercial and defence operations for the second quarter of 2017.
in Business & Finance Boeing raises forecast for new aircraft demand
Posted 22 June 2017
Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.
in Business & Finance Air transport supports 490,000 jobs and contributes US$12bn in GDP for South Africa
Posted 21 June 2017
The International Air Transport Association (IATA) has released new data showing that the air transport sector in South Africa provides immense value to the people and economy of the country
in Business & Finance Air transport supports 620,000 jobs, contributes US$3.2bn in GDP for Kenya
Posted 20 June 2017
The International Air Transport Association (IATA) has released new data showing that the air transport sector in Kenya supports some 620,000 jobs including tourism-related employment, while
in Business & Finance Eq. Guinea seeks to resolve crisis blocking CEIBA's Euro ops
Posted 20 June 2017
The President of Equatorial Guinea, Teodoro Obiang Nguema Mbasogo, dispatched his Minister for Foreign Affairs, Agapito Mba Mokuy, to Spain last week to resolve legal obstacles affecting CEIBA Intercontinental and its
in Business & Finance ATR creates an integrated Leasing, Asset Management and Freighter department
Posted 7 June 2017
ATR has created a new Leasing, Asset Management & Freighter department which has thepriorities of managing sales to the leasing community and facilitating the placement of new or used ATR aircraft by
in Air Transport / Business & Finance Fastjet's losses deepen as LCC continues stabilisation plan
Posted 31 May 2017
African low cost carrier Fastjet has seen losses almost double in what CEO Nico Bezuidenhout described as “a challenging year”.
in Business & Finance Mahogany Air secures funding to resume operations
Posted 10 May 2017
Zambia's Mahogany Air has again outlined plans to resume commercial passenger operations, nearly three years after they were first suspended, reports ch-aviation.
in Business & Finance Arik Air gets $4.7 million injection from AMCON
Posted 10 May 2017
Arik Air has received an injection of NGN1.5 billion (USD4.7 million) from the Asset Management Corporation of Nigeria (AMCON) since being taken over by the state-owned body, reports ch-aviation.
in Business & Finance SAA secures a final court order against cabin crew strike
Posted 4 May 2017
South African Airways (SAA) successfully argued at the Labour Court to have an interim order granted on the 26th April 2017 confirmed as a final order against the South African Cabin Crew Association (SACCA) and its members.
in Business & Finance Boeing reports first-quarter results
Posted 27 April 2017
The Boeing Company reported higher first-quarter earnings and operating cash flow compared to the previous year, driven by solid execution on production programmes and services.
in Business & Finance US government concealing details of sale of Air Tractor bombers to Kenya
Posted 18 April 2017
US Congressman Ted Budd has accused the government of 'stone-walling' and refusing to release details about the planned sale to Kenya of 14 Air Tractor crop duster aircraft that will be armed and deployed
in Business & Finance Airlines demand hard cash for Zimbabwe ticket sales
Posted 18 April 2017
At least five global airlines including Qantas, Lufthansa, KLM Royal Dutch Airlines, Air France, and Delta Air Lines have instructed travel agents in Zimbabwe to only accept hard currency in the form of cash when selling tickets to
in Business & Finance Air Burkina back in hands of Burkinabe government; seeks partner
Posted 12 April 2017
The Aga Khan Fund for Economic Development (AKFED) has divested itself of its 51% stake in Air Burkina selling it to the Burkinabe government, reports ch-aviation.
in Business & Finance Arik Air board takes legal action over AMCON takeover
Posted 4 April 2017
An objection has been filed in the Federal High Court in Lagos about the take over of Arik Air by the state-owned Asset Management Corporation of Nigeria (AMCON), reports ch-aviation.
in Business & Finance Air Botswana seeks to settle $500k CAAB fee dispute
Posted 4 April 2017
Air Botswana is looking to settle a dispute with the Civil Aviation Authority of Botswana (CAAB) over what it claims are excessive charges for landing fees and passenger service levies, reports ch-aviation.
in Business & Finance Ghana to review 5th Freedom traffic right allocations
Posted 20 March 2017
The Ghanaian government has plans to review the allocation of the 5th Freedom traffic rights granted to foreign carriers, reports ch-aviation.
in Business & Finance Air Zimbabwe to cut senior staff in restructuring drive
Posted 20 March 2017
The Chief Executive of Air Zimbabwe has spoken before a parliamentary committee, outlining a restructuring plan, which will see the loss of top management positions, reports ch-aviation.
in Business & Finance Arik Air denies it will retrench 1,500 staff
Posted 13 March 2017
Arik Air, which is currently under the management of the state-owned Asset Management Corporation of Nigeria (AMCON), may be about to lay off 1,500 staff, reports ch-aviation.
in Business & Finance TAAG Angola Airlines sees improved financial results under Emirates management team
Posted 10 March 2017
TAAG Angola Airlines has announced a dramatically better result for 2016 over 2015.
in Business & Finance InAvia submits Expression of Interest for Air Botswana
Posted 10 March 2017
German independent aviation consultancy InAvia Aviation Consultants has submitted an Expression of Interest for Air Botswana.
in Business & Finance AJW expand headquarters after rising demand
Posted 3 March 2017
AJW Group, that has offices in Africa, has announced the expansion of its 375,000 square feet global headquarters in response to rising demand.
in Business & Finance Arik Air investment offer rejected by Ethiopian Airlines
Posted 28 February 2017
Ethiopian Airlines has reportedly rejected an offer from the state-owned Asset Management Corporation of Nigeria (AMCON) to take over management of struggling Arik Air, reports ch-aviation.
in Business & Finance CEO of Kenya's Baracuda Airways arrested for fraud
Posted 28 February 2017
The Chief Executive Officer of Kenyan start-up Baracuda Airways has been arrested on allegations of fraud, reports ch-aviation.
in Business & Finance AB Aviation reaches deal with CAA to resume ops
Posted 13 February 2017
Comoros' AB Aviation has reached an agreement with the Comorian civil aviation authority concerning the settlement of outstanding duties with plans to resume commercial operations, reports ch-aviation.
in Business & Finance Middle East and Africa's first IATA NDC based travel search engine to be launched
Posted 1 February 2017
TPConnects – the first dual International Air Transport Association (IATA) New Distribution Capability (NDC) Certified Travel Technology Provider has unveiled that it will be launching
in Business & Finance Maputo court gives ex-LAM official suspended sentence
Posted 26 January 2017
A Maputo District Court has convicted a former financial director of LAM for abuse of office following a Mozambican anti-corruption task-force investigation into several airline executives last year, reports ch-aviation.
in Business & Finance Boeing reports fourth-quarter results
Posted 26 January 2017
The Boeing Company has reported fourth-quarter revenue of $23.3 billion with GAAP earnings per share of $2.59 and core earnings per share (non-GAAP) of $2.47 reflecting overall solid execution on production programs and services.
in Air Transport / Business & Finance Airbus hits new aircraft delivery record
Posted 12 January 2017
Airbus' commercial aircraft deliveries in 2016 were up for the fourteenth year in a row, reaching a new company record of 688 aircraft delivered to 82 customers.
in Business & Finance Boeing releases delivery results for Q4 of 2016
Posted 9 January 2017
The Boeing Company has announced deliveries across its commercial and defence operations for the fourth quarter of 2016.
in Business & Finance Ethiopian Airlines ended 2016 with profitable growth.
Posted 3 January 2017
Ethiopian Airlines has released its financial results of 2016.
in Business & Finance AfDB approves USD $159 Million corporate loan to Ethiopian Airlines for fleet modernisation plan
Posted 21 December 2016
The Board of Directors of the African Development Bank (AfDB) has approved a financing package of USD 159 million to partly finance Ethiopian Airlines' expansion plan and fleet
in Business & Finance Boeing Board raises dividend, renews share repurchase authorisation
Posted 13 December 2016
The Boeing board of directors has declared the company's quarterly dividend will increase 30 percent to $1.42 per share. The board also replaced the existing share repurchase programme with a new $14 billion
in Business & Finance Boeing releases annual Current Aircraft Finance Market Outlook
Posted 12 December 2016
Boeing said strength in the capital markets and innovative funding developments will provide airlines and lessors efficient aircraft financing solutions in 2017.
in Business & Finance Nigeria to release $300mn to foreign carriers
Posted 8 November 2016
The Nigerian government said it has directed the Central Bank of Nigeria (CBN) to release a total of USD300 million in unremitted revenue to foreign airlines, reports ch-aviation.
in Business Aviation / Business & Finance / Flight Services & Support NBAA: China's Deer Jet takes major share of trip support firm UAS
Posted 31 October 2016
International trip support company, UAS, which has operations in Johannesburg and Lagos has sold a major stake in the company to Chinese business aviation operator Deer Jet, it was announced at NBAA today.
in Business & Finance Air Zimbabwe in talks with Malaysian firm over B787 lease
Posted 31 October 2016
Air Zimbabwe has initiated talks with an unspecified Malaysia-based firm over the proposed lease of a B787, reports ch-aviation.
in Business & Finance SAA has concluded its first AGM
Posted 31 October 2016
SAA has concluded its first AGM since the new board was appointed in September 2016.
in Business & Finance Embraer delivers third quarter 2016 results
Posted 31 October 2016
During 3Q16, Embraer delivered 29 commercial jets and 25 executive jets (13 light and 12 large).
in Business & Finance Boeing reports third-quarter results and raises full year guidance
Posted 26 October 2016
The Boeing Company has reported third-quarter GAAP earnings per share of $3.60 and core earnings per share (non-GAAP) of $3.51 reflecting overall solid execution on production programmes and services, favourable
in Business & Finance Etihad Aviation group and partners will contribute billions to African economy in 2016
Posted 26 October 2016
Etihad Aviation Group (EAG) and its equity airline partners will support almost 425,000 jobs and are expected to contribute US$3.6 billion GDP to the African economy in 2016, as Abu Dhabi
in Business & Finance Afriqiyah secures stake in Tunisian flight school
Posted 17 October 2016
Afriqiyah has acquired a 20% stake in the Aviation Training Center of Tunisia (ATCT), reports ch-aviation.
in Business & Finance DAE top lessor for Africa and Middle East
Posted 9 October 2016
Dubai Aerospace Enterprise (DAE) has been named as the Middle East and Africa 'Lessor of the Year'.
in Business & Finance South African Minister of Finance approves disbursement for SAA
Posted 19 September 2016
South African Minister of Finance, Pravin Gordhan, has approved the disbursement of a ZAR5 billion (USD351 million) state-backed guarantee to struggling carrier, South African Airways (SAA), reports ch-aviation.
in Air Transport / Business & Finance Arik flights suspended in admin crisis
Posted 14 September 2016
Arik Air, Nigeria's largest airline, became the of the country's carriers to suspend flight operations in the last three weeks.
in Business & Finance South African opposition takes Myeni's appointment to court
Posted 13 September 2016
South Africa's largest opposition party, the Democratic Alliance said it is taking legal action against the South African government following its controversial decision to reappoint Duduzile Myeni as the chairwoman of
in Business & Finance Nile Air looks to go public on Egyptian Stock Exchange in 2017
Posted 5 September 2016
Nile Air's chief executive officer Ahmed Aly said the Egyptian airline is looking to go public on the Egyptian Stock Exchange at some point in 2017, reports ch-aviation.
in Business & Finance Nigerian taxman seizes Skyjet Aviation Services
Posted 31 August 2016
Nigeria's Federal Inland Revenue Service (FIRS) has seized and sealed off the premises of Skyjet Aviation Services in the Northwest Nigerian city of Kaduna citing unpaid back taxes, reports ch-aviation.
in Business & Finance IATA and Egyptian authorities working together to address airline blocked funds
Posted 30 August 2016
The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international
in Business & Finance EgyptAir Holding Company will not be privatised, said CEO
Posted 18 August 2016
Safwat Mossallam, the chairman and CEO of the EgyptAir Holding Company said the company will not be privatised as part of economic reforms the government will undertake later this year, reports ch-aviation.
in Business & Finance Nationwide Airlines wins SAA anti-competition case
Posted 15 August 2016
A South Gauteng High Court has awarded Nationwide Airlines ZAR104.6 million (USD7.89 million) in damages plus interest after ruling that South African Airways practices did breach South Africa's Competition Act and did inflict
in Business & Finance Boeing will not increase production of 787 and may cut 777 out-put unless sales improve
Posted 12 August 2016
Boeing has said it will not increase 787 out-put and could further cut 777 out-put unless sales of both jets improve.
in Business & Finance Boeing reports second-quarter results
Posted 28 July 2016
The Boeing Company has reported second-quarter revenue of $24.8 billion on strong commercial deliveries and services growth.
