DUBAI Kuwait Airways' overhaul may be management's last chance to save it, as the slump in oil prices means the government cannot go on funding its losses at a time when it is struggling even to pay public sector salaries, industry experts say.
DUBAI, Feb 18 Lebanon-based luxury chocolatier Patchi is working with Goldman Sachs and deNovo Corporate Advisors ahead of a potential stake sale, sources familiar with the matter told Reuters, in a deal expected to value the company at more than $500 million.
DUBAI, Feb 7 Dubai Aerospace Enterprise (DAE), one of the few Gulf aircraft leasing firms, expects to add 30-35 planes to its current portfolio of 97 with significant demand seen coming from Iran, the company's chief executive said on Sunday.
PARIS/DUBAI An economic battle is likely for dominance of the skies over the Gulf after Iran decided to invest $27 billion in an airline fleet capable of taking on the region's supercarriers.
DUBAI, Feb 4 Loss-making Kuwait Airways has let go of 1,350 Kuwaiti nationals during the last two years, part of a plan to cut costs and return to profit by 2019, the chief executive of the state-owned carrier told Reuters on Thursday.
DUBAI, Feb 1 Dubai International Airport remained the world's busiest for international passengers in 2015 as traffic grew 10.7 percent, boosted by the addition of new airlines and routes, the airport's operator said on Monday.
DUBAI Kuwaiti low-cost carrier Jazeera Airways could set up a long-haul service with a foreign partner as an alternative to buying a stake in national carrier Kuwait Airways, whose privatisation has hit long delays.
MANAMA, Jan 21 Kuwait's air force is sticking to plans to purchase Boeing's F-18 Super Hornet to replace ageing fighter jets, despite a lengthy congressional approval process in Washington that has frustrated industry players.
DUBAI Around 150 direct flights between Iran and Saudi Arabia carrying thousands of pilgrims every month have been halted as diplomatic ties between the two countries were severed, aviation sources said on Tuesday.
DUBAI Around 150 direct flights between Iran and Saudi Arabia carrying thousands of pilgrims every month have been halted as diplomatic ties between the two countries were severed, aviation sources said on Tuesday.
The United States will mark its return to the global fight against climate change on Monday by joining high level talks on ways to better protect people and economies from the effects of global warming already taking place.