iPhone | iPad
Android
HuaweiAir Arabia, the first and largest low-cost carrier in the Middle East and North Africa, on Sunday announced that it has taken delivery of its 37th aircraft, the 6,000th Airbus A320 made to date.
KT APPDOWNLOAD
MORE FROM Aviation
The destinations that the offer covers are Bahrain, Doha, Kuwait, Salalah, Alexandria, Amman, Beirut, Istanbul, Khartoum, Medinah and Nairobi.
In the wake of Monday’s decision to allow greater foreign ownership of Qantas, Prime Minister Tony Abbott said his ministers had acted on expert advice.
Hogan, who was in Rome on Friday where he met the board of directors and senior management of the loss-making airline along with the ministers of finance and transport and other top officials, discussed the issues related to the investment.
The budget carrier generated Dh3.7 billion revenue last year and carried 6.82 million passengers, reflecting a year-on-year increase of 38 per cent due to continued demand for travel within a five-hour flying radius of the airline.
The UAE’s national carrier, Etihad Airways, said its net profit grew 48 per cent to $62 million on higher revenues earned in a difficult economic and geopolitical environment, as well as fierce competition in key markets.
Prime Minister Tony Abbott said his Cabinet ministers had agreed to repeal legislation that prevents foreign airlines from holding more than 35 percent of the airline and any single foreign investor from holding more than a 25 percent stake.
Revenue from its partnerships with other carriers rose 30 percent to $820 million last year, representing 21 per cent of passenger revenues.
Talks between the airlines intensified last month and sources close to the matter said Etihad might be interested in buying a stake of up to 40 per cent in the Italian carrier.
Qatar Airways chief executive Akbar Al Baker on Saturday flayed Indian authorities for a “protectionist aviation policy” and said the airline is keen to expand its network in the South Asian nation.