PIA spokesman Abdullah Hafeez Khan said the management has now written to the Civil Aviation Authority to urgently provide the list of other licences found to be dubious and all of them will be indefinitely grounded pending inquiries against them.
Finance Minister Wopke Hoekstra said the support package is made up of a 1 billion-euro loan and 2.4 billion euros in guarantees for bank loans.
His Highness Sheikh Mohamed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has confirmed that the UAE, led by His Highness Sheikh Khalifa Bin Zayed Al Nahyan, President of the UAE, is working to strengthen its position as a regional and global hub for the aviation industry.
The UAE has learnt to face challenges full-on, and its aviation industry is no exception in this regard. Despite the onset of the pandemic which has badly hit industries, particularly the airline industry all across the globe,
Given that the country’s oldest private carrier Jet Airways went belly up and Air India (AI) almost on the edge, the year 2019 can certainly be not termed a very good year for the aviation
The second edition of the Global Investment in Aviation Summit (GIAS 2020), which is due to take place on January 27-29 at Madinat Jumeirah, will see the participation of high-profile delegations and 10 ministers
Major revivals are taking place in the European aviation industry. Polish carrier LOT is acquiring Thomas Cook’s German airline Condor. The deal to create a leading aviation group in Europe carrying more than 20 million passengers a year.
It is sad that the COVID-19 pandemic has battered the air transport sector, landing it in huge turbulence, grounding planes, resulting in layoffs, bankruptcies and rescue plans.
Revenues fell 15.2 per cent to 10.6 billion euros, reflecting a "market environment strongly impacted" by the pandemic, "particularly in commercial aircraft", Airbus said in a statement.
Wizz Air Abu Dhabi, the joint-venture established between ADQ, one of the region’s largest holding companies, and Wizz Air Holdings Plc, has received national carrier status from the UAE government, subject to meeting regulatory standards prior to beginning operations.