Saudi Arabian budget airline Flynas confirmed a?order on Wednesday for 25 more Airbus aircraft, joining a wave by other airlines in the kingdom who are expanding their fleets to support Saudi Arabia’s tourism and economic diversification objectives. Flynas has now committed to a total of 235 Airbus aircraft. This order highlights Saudi Arabia as one the fastest growing markets in the aviation industry. The airline 'confirmed' orders for a further?five Airbus A330 900 widebody jets, and 20 A321neos. Flynas has increased its A321neo A330neo order to 56 jets and their A330neo A330neo commitment from 20 to the latest deal. The...

An EU official revealed that the European Union was preparing to review airline ownership rules in order to prevent foreign investors gaining control over carriers. This could complicate US bids for easyJet, a low-cost airline. Officials said that the EU review was not previously reported and would "protect strategic independence" in order to keep control of regional carriers within the EU. The announcement comes as two U.S. investment firms compete for control of the major European budget airline easyJet. This is expected to test the limits of EU rules which require 51% local ownership. The official, who asked not to...

BermudAir has ordered 10 Airbus A220 aircrafts to expand its routes into 'Bermuda and Anguilla as well as Belize, Turks and Caicos, Turks & Caicos, Turks & Caicos', the startup airline announced on Wednesday. Adam Scott, BermudAir's CEO and founder, said that the A220 has the performance characteristics to help us expand our footprint and open more markets. The airline plans to double its 11 routes currently in operation by the end of the year. The A220-300 order was signed during the Farnborough Airshow. The Bermuda carrier has been operating since 2023. BermudAir plans to add up to 20 A220...

The European Union Aviation Safety Agency (EASA)?on?Wednesday asked airlines to avoid the airspace of Jordan following the recent conflict between Iran and the United States. Last week, the agency re-issued and strengthened its warning for airlines in the Middle East to avoid the airspace of Bahrain Kuwait Qatar the United Arab Emirates, and the Gulf of Oman due to the renewed U.S. – Iran war. EASA reported that the advisory for Jordan was also extended until August 31. Iran's army claimed to have used drones in an attack on U.S. military bases in Kuwait, Jordan, and Bahrain early Wednesday morning....

Ship tracking data revealed that four tankers changed their navigational course on Wednesday in the Red Sea, with two of them indicating the Suez Canal as their new destination. Yemen's Houthi milita warned ships not to sail to Saudi Arabian port after warnings from the Houthi militia. According to LSEG and MarineTraffic'ship tracking data and analyses from British maritime -risk management group Vanguard, the?vessels changed their direction. The?other two indicated their destination as a?open?waters?in the Red Sea. According to shipping data, it appears that a fifth ship, a vehicle-carrier, turned back in the Gulf of Aden Wednesday after signaling the...

Airbus shares rose more than 5% on Wednesday after the European planemaker announced a EUR5billion ($5.7billion) share-buyback program and revealed new midterm targets, including a near-doubling of profits by 2020. Airbus announced late Tuesday that it was aiming for a core profit of EUR12 to EUR13 billion by 2029. This would be a significant increase from the EUR7.13 billion adjusted earnings before interest and taxes of last year, as well as a target far above EUR7.5 billion set in 2026. In a note for investors, Deutsche Bank analyst Christophe Menard stated that the EUR5 billion (or five billion euros) share...

Andy Burnham, the new British Prime Minister, promised a price cut of up to a third on single bus tickets as part of a push to reduce a cost-of living crisis. After his government announced that it would reduce taxes on electricity bills, the decision to cap tickets at PS2 ($2.68) in January was made. Downing Street announced that the extra funding for the bus ticket cap would come from reprioritising the Department of Energy, Security and Net Zero budget. "As I said on my first day as president, I will build a nation for everyone everywhere. Burnham said in...

The Indian aviation safety regulator has been reprimanded for not being vigilant enough to protect 'against officials who use their influence to help family get jobs in the industry and for failing to disclose such placements. Government documents examined by show. Documents show that India's Ministry of Civil Aviation, since mid-2025, has repeatedly challenged the Directorate General of Civil Aviation, its safety body for handling conflicts involving relatives of officials in airlines. One instance involved Air India. The concerns are at a crucial time for the DGCA, which oversees one the fastest growing aviation markets in the world. It also...

Cathay Pacific Airways, based in Hong Kong, said 'on Wednesday that it expects a higher first-half-profit for 2026. This is due to a?stronger passenger and cargo demand?, an improved performance by low-cost carrier HK Express, and higher contributions from associates. The airline group 'forecast' a profit between HK$6 billion?and HK$6.5?billion ($765.39 mln to $829.12 mln) for the half-year ended June 30. This is up from HK$3.7 bln in the same time period a previous year. The results include a gain of HK$1.4bn from the partial dilution in Air China. The airline stated that, after removing the one-off item from the...

Airbus announced its medium-term goals on Tuesday. These included a near-doubling of profits, and stronger shareholder returns. This showed confidence in the company's ability to ramp up production at a time when a battered aerospace industry is turning the corner with regard to supply disruption. The largest civil aircraft manufacturer in the world said that it aimed to achieve a core profit between EUR12 billion and EUR13 billion ($13.69 to $14.83billion) by 2029. It also announced a EUR5billion share buyback program. This goal is a significant increase from the EUR7.13 billion in adjusted earnings before taxes and interest that Airbus...

After meeting with Lebanon’s President Joseph Aoun on 'Tuesday', Donald Trump announced that the U.S. government would allow all domestic airlines to fly direct to Lebanon. In 1985, all U.S. flight were suspended after the hijacking TWA Flight 847, which was flying from Athens to Rome. The plane was forced to land in Beirut. A U.S. Navy Diver?died during the 17-day ordeal. U.S. officials must conduct an extensive security review at the Beirut Airport and certify it's safety before flights to Lebanon can resume. The U.S. airlines' willingness to resume flights was not clear. U.S. major airlines American Airlines, United...

Boeing asked the U.S. Government to pressure the European Union on transparency regarding a EUR3 Billion ($3.43 Billion) loan package?to Airbus. This resurfaced trade tensions following the two sides?extending a tariff truce?over jet subsidy. Airbus is reportedly planning to develop a new aircraft as early as 2030. This could spark a new wave of competition on the global jet market. After a 17-year fight at the World Trade Organization, both sides achieved partial victories over their mutual claims about aircraft subsidies. This led to a transatlantic wave of tariffs that hit other industries. The ceasefire, which was due to end...