aviation

November 23, 2017

With a long UAE weekend fast approaching (November 30 onwards), a number of residents will be planning to fly to their home countries or use this opportunity for a short weekend break outside the UAE.

There's one minor issue, though: Basic economics. The law of supply and demand is affecting airfares, which seem to be rising with every passing day - in fact, every passing hour - as bookings increase and the seat availability reduces.

Data collated by Khaleej Times shows that the biggest fare increase - as expected - will be on the Indian (Kerala) and Egyptian (Cairo) routes during the current period (November 23-26) and the extended holiday weekend (November 30-December 3), with fares jumping"...

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November 22, 2017

Etihad Airways’ flights to and from Switzerland will become an all-Boeing 787 Dreamliner operation next year.
The airline said in a statement that the aircraft is being deployed on the Abu Dhabi–Geneva route from March 25, 2018.

The Dreamliner flights to Geneva will complement the airline’s existing 787 Dreamliner services to Zurich, becoming the fifth European city to be served by the aircraft.

Etihad Airways currently operates daily flights between the UAE’s capital city of Abu Dhabi and both Geneva and Zurich.

Introduction"...

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November 22, 2017

The sky seems to be the limit for Chinese online shopping portal Taobao, which auctioned off two Boeing 747 jumbo jets on Tuesday for nearly $50 million.

Chinese air cargo company SF Airlines bought the pair for over 320 million yuan ($48 million), the official Xinhua news agency reported. After six failed attempts over two years to sell three 747s from defunct carrier Jade Cargo International, a court in the southern Chinese city of Shenzhen decided to auction them online.

The jets were put up for sale Monday on Taobao, which handles billions of dollars in orders"...

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November 20, 2017

The UAE and Sri Lanka have signed an agreement to accelerate customs cooperation and mutual assistance in addition to a memorandum of understanding (MoU) to establish a joint consular committee.

The agreement and MoU were signed by Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Sri Lankan Foreign Minister Tilak Janaka Marapana, at a meeting where they discussed areas of cooperation and an array of regional and international issues of common concern, reported state news agency Wam.

Sheikh Abdullah affirmed during the meeting the UAE's keenness to strengthen relations with Sri Lanka across multiple domains to the higher good of the two peoples....

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November 20, 2017

Emirates SkyCargo, the freight division of Emirates, has signed a memorandum of understanding (MoU) with Dubai CommerCity, the first free zone dedicated to e-commerce in the Middle East and North Africa (Mena) region located in Dubai, UAE.

The MoU was signed in the presence of Sheikh Ahmed bin Saeed Al Maktoum, chairman and chief executive officer, Emirates airline and Group; Nabil Sultan, Emirates Divisional senior vice president, Cargo; and Dr Mohammed Al Zarooni, director general - Dubai Airport Free Zone Authority (Dafza), said a statement from the company.

Emirates SkyCargo will work with Dubai CommerCity to develop new solutions for the global e-commerce sector, it said.

E-commerce"...

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November 19, 2017

The Department of Culture and Tourism - Abu Dhabi (DCT) on Saturday welcomed the launch of airBaltic's programme to operate direct flights between Riga, Latvia, and Abu Dhabi.

Four weekly flights between the two cities will operate for five months until March 24, 2018, with the inaugural flight landing in the capital on October 30.

It will also provide Baltic visitors from Tallinn, Estonia and Vilnius, Lithuania, a more convenient opportunity to travel to Abu Dhabi. This programme is a result of Abu Dhabi's promotional efforts in the Baltic markets.

Over the past years, the emirate has witnessed a strong upsurge in travellers from Latvia, Estonia and Lithuania, with an increase"...

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November 19, 2017

Strata Manufacturing, the advanced composite aerostructures manufacturing facility wholly owned by Mubadala Investment Company, has completed delivery of its first set of A350-900 inboard flaps to Airbus.

Airbus selected Strata to manufacture the A350-900 inboard flap in 2015. Located along the trailing edge of the wings, the inboard flaps are positioned next to the airplane’s body, enabling it to secure greater lift during the most critical part of take-off and landing, when the angle of the aircraft is high and the speed is relatively low.

Ismail Ali Abdulla,"...

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November 18, 2017

Boeing has concluded deals and commitments for over 300 commercial jets, including options, valued at $50.67 billion during the five-day Dubai Airshow 2017.

On the final day of the air show spectacle, the US aircraft maker and Kazakhstan-based SCAT Airlines announced an order for six 737 MAX 8s valued at $674 million at current list prices on the final day of the 2017 Dubai Airshow. The agreement also includes purchase rights for an additional five 737 MAX 8s.

With the latest order, Boeing now has bagged commitments for 302 jetliners across its twin-aisle and single-aisle"...

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November 18, 2017

(AETOS Wire)-- The 19th China Hi-Tech Fair (CHTF 2017), with the theme of “Innovation-Driven Development and Supply Quality Upgrade”, is taking place from November 16 to 21 at Shenzhen Convention and Exhibition Center. On the afternoon of November 10, the CHTF 2017 Top 10 Products were unveiled at the awards ceremony by Mr. Gao Zimin, Vice Mayor of Shenzhen City.

A total of 322 entries competed for the honor Top 10 Products, and the voting lasted nearly 3 months. 60 candidate products in the fields of new energy, 3D print, flexible display, life sciences, unmanned vehicles and AI were shortlisted"...

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November 18, 2017

(AETOS Wire)-- Madison Realty Capital (MRC) announced the closing of a $64.0 million construction loan for 200 Kent Avenue, a 117,326 square foot mixed-use development located in Williamsburg, Brooklyn. The retail portion of the property, which will include over 600 feet of frontage, will be anchored by a popular national grocery chain. Overall, the project will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, and 45,170 square feet of parking.

“We continue to establish MRC as the one-stop shop for financing transitional real estate, including ground-up"...

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