Novus Aviation Capital closes purchase and leaseback of two new A321s with Vietjet

Novus Aviation Capital has successfully closed the purchase and leaseback of two brand new Airbus A321-200 aircraft, MSN 8061 and MSN 8076, with Vietjet airline of Vietnam. The two aircraft were delivered to Vietjet in January 2018 and are on long-term leases. This transaction is part of a larger deal between the two companies that would see multiple aircraft deliveries over the next 12 months. “We are pleased to complete our first operating lease transaction with Vietjet. The airline is experiencing impressive growth with promising future plans on the back of a thriving tourism scene in the country, which has … Continue reading Novus Aviation Capital closes purchase and leaseback of two new A321s with Vietjet

Air Arabia delivers record 2017 net profit of AED 662 million, up 30%

Air Arabia (PJSC) today announced full-year financial results for 2017 as the Middle East and North Africa’s first and largest low-cost carrier once again delivered high levels of profitability and growth across the breadth of its operations. Air Arabia’s net … Continue reading Air Arabia delivers record 2017 net profit of AED 662 million, up 30%

Genetec Announces Airport Sense—Taps Into Existing Security Cameras and Sensors to Provide Operational Insights

New analytics solution offers a deeper understanding of airport operations and passenger flow to create a seamless traveler experience from drop-off to take off Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence solutions, today introduced Genetec Airport Sense™, part of the Genetec Airport Practice Group. This advanced operational analytics solution relies on data provided by an airport’s existing security infrastructure, including cameras, sensors, and various detection devices to produce actionable intelligence about airport security, operations, and passenger flow. By accessing and analyzing both structured and unstructured data from these untapped security information … Continue reading Genetec Announces Airport Sense—Taps Into Existing Security Cameras and Sensors to Provide Operational Insights

2017 Marked by Strong Passenger Demand, Record Load Factor

The International Air Transport Association (IATA) announced global passenger traffic results for 2017 showing that demand (revenue passenger kilometers or RPKs) for the year ended 31 December rose 7.6% compared to 2016. This was well above the 10-year average annual growth rate of 5.5%. While the rate of demand growth slowed to 6.2% in December 2017, compared to December 2016, this largely was owing to less favorable comparisons to the even stronger growth trend seen in the year-ago period. Full year 2017 capacity rose 6.3%, and load factor climbed 0.9 percentage point to a record calendar-year high of 81.4%. “2017 … Continue reading 2017 Marked by Strong Passenger Demand, Record Load Factor

Emirates Airline Logo Emirates to launch non-stop Dubai-Newark service with a second daily flight from 1 June

Emirates will introduce a new non-stop service between Newark Liberty International Airport (EWR) and Dubai from 1 June 2018, adding to its existing daily flight which operates with a stop in Athens, Greece. The new non-stop service will be operated … Continue reading Emirates Airline Logo Emirates to launch non-stop Dubai-Newark service with a second daily flight from 1 June

AIRCRAFT INTERIORS AND MRO INNOVATIONS COMING TO THE MIDDLE EAST

Aircraft Interiors Middle East and MRO Middle East to Open This Week The key players and decision makers from the airline industry will be in Dubai World Trade Centre later this week, when Aircraft Interiors Middle East and MRO Middle East, produced by Aviation Week Network and Tarsus F&E LLC Middle East, take place 23-24 January. With 320 exhibitors expected, the event is set to be the largest yet, spanning all sectors within both the aircraft interior and maintenance, repair and overhaul industries. With around 5000 attendees expected to attend the co-located shows across the two days, AIME and MRO … Continue reading AIRCRAFT INTERIORS AND MRO INNOVATIONS COMING TO THE MIDDLE EAST

Abu Dhabi Airports’ MTC gives back to nature

The green campaign includes on-site clean up drive and off-site “Give a Ghaf” action Abu Dhabi Airports rolled out last week “Giving Back to Nature” campaign, as a corporate social responsibility and sustainability initiative aiming to create value through environmental practices. … Continue reading Abu Dhabi Airports’ MTC gives back to nature