Monthly Archives: January 2017

Abdullah bin Khediya appointed General Coordinator of NAFL

The National Association of Freight and Logistics (NAFL), the oldest association of freight and logistics service providers in the Middle East, has announced the appointment of Abdullah bin Khediya as the General Coordinator of the association to support NAFL’s objectives aimed at promoting the importance of the UAE as a global hub for cargo and […]

Rolls-Royce to pay $827M for bribery case settlement

Rolls-Royce announced that it has entered into a Deferred Prosecution Agreement (DPA) with the UK’s Serious Fraud Office (SFO) with the approval of the President of the Queen’s Bench Division (The Right Honourable Sir Brian Leveson) and published by the SFO. The company has also reached a DPA with the US Department of Justice (DoJ) […]

United Airlines reports $2.3bn profit for 2016

United Airlines has reported full-year net income of $2.3 billion, diluted earnings per share of $6.85, pre-tax earnings of $3.8 billion and pre-tax margin of 10.4 per cent. Excluding special items, UAL reported full-year net income of $2.9 billion, diluted earnings per share of $8.65, pre-tax earnings of $4.5 billion and pre-tax margin of 12.2 […]

Safran to merge with Zodiac Aerospace in a $10.6B takeover

Safran, an international high-technology group, and Zodiac Aerospacea global leader in Aerosafety, Aircraft systems, Seats and Cabins, announced that they have entered into exclusive negotiations for an acquisition of Zodiac Aerospace by Safran through an agreed public offer of €29.47 per share and a subsequent merger on the basis of 0.485 Safran shares for one […]

Etihad CEO denies rumors about Lufthansa merger plans

On the 18th of January, James Hogan, the current CEO of Etihad Airways, denied the recent media reports about a possible investment in German flag carrier Lufthansa. He, however, disclosed that the two companies were in talks to increase co-operation, following the code-sharing agreement they announced in December 2016. The rumors about Etihad buying a […]

Air Transport World Names American Airlines 2017 Airline of the Year

Air Transport World (ATW), the leading media brand serving the information needs of the global airline and commercial air transport communities, announced today that American Airlines is the winner of its 2017 Airline of the Year award. American was selected by ATW’s editorial board in recognition of the phenomenal achievements by American’s leadership and employees […]

Etihad rumored to plan merger with Lufthansa

German flag carrier Lufthansa and Dubai-based airline Etihad are negotiating the possibility of a merger, according to an article in Italian newspaper Il Messaggero published on the 17th January based on anonymous industry sources. According to Il Messaggero, chief executives of both airlines have been discussing the possible merger for the last couple of weeks. […]

Emirates introduces sustainable blankets made from 100% recycled plastic bottles

Emirates has introduced new sustainable blankets made from 100% recycled plastic bottles. The soft and warm blankets are made using ecoTHREAD™ patented technology and is now available in Economy Class on all long-haul Emirates flights. Each Emirates ecoTHREAD™ blanket is made from 28 recycled plastic bottles. With the latest innovation, the bottles are recycled into […]