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AVIATION

Wataniya Airways to compensate passengers in gold

January 17, 2019

Wataniya Airways to compensate passengers in gold

In a precedent-setting ruling, the Court of First Instance demanded that Wataniya Airways pay compensation to three passengers after they filed a lawsuit against the company for causing delay and canceling their scheduled trip to Istanbul, reports Al-Rai daily.

The"... Continue Reading

Kuwait plans to invest $20bn in civil aviation in next decade

January 17, 2019

Kuwait plans to invest $20bn in civil aviation in next decade

Kuwait is planning to invest $20 billion in its civil aviation sector over the next decade, a senior official has said.

Kuwaiti News Agency (KUNA) quoted Sheikh Salman Sabah Al-Salem Al-Sabah, president of Kuwait's Directorate General of Civil Aviation, as making the announcement during the Global Aviation Summit in Mumbai,"... Continue Reading

TurbineAero, Inc. Announces Acquisition of APU Piece Part Repair Business from the Triumph Group

January 17, 2019

TurbineAero, Inc. Announces Acquisition of APU Piece Part Repair Business from the Triumph Group

TurbineAero, a portfolio company of The Gores Group, announced today the acquisition of the APU piece part repair product line (“RPL”) from Triumph Aviation Services Asia, Ltd.

The acquisition of this business segment integrates APU piece part repair into the APU Systems MRO in TurbineAero’s Asia facility which"... Continue Reading

Wataniya airways pays compensation to 3 passengers in Gold

January 16, 2019

Wataniya airways pays compensation to 3 passengers in Gold

KUWAIT CITY, Jan 15: In a precedent-setting ruling, the Court of First Instance demanded that Wataniya Airways pay compensation to three passengers after they filed a lawsuit against the company for causing delay and cancelling their scheduled trip to Istanbul, reports Al-Rai daily.

The court ordered the company to pay each passenger"... Continue Reading

Kuwait participates in Global Aviation Summit in Mumbai

January 16, 2019

Kuwait participates in Global Aviation Summit in Mumbai

Kuwait is participating in the Global Aviation Summit - 2019 being held in the Indian financial capital of Mumbai to share their best experiences in the field and discuss ways of enhanced cooperation in civil aviation. President of the Directorate General of Civil Aviation (DGCA) Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah is leading the Kuwaiti delegation.

Indian"... Continue Reading

Delta Air net income grows but further revenue fall flagged

January 16, 2019

Delta Air net income grows but further revenue fall flagged

Delta Air Lines on Tuesday forecast a further fall in unit revenue growth in the first quarter of 2019, adding to growing concerns about airlines' ability to raise fares in an uncertain global economy.

The United States' second-largest airline reported quarterly revenue in line with analysts' estimates and profit that"... Continue Reading

Kuwait-India talks focus on aviation cooperation

January 15, 2019

Kuwait-India talks focus on aviation cooperation

NEW DELHI: India and Kuwait yesterday held bilateral talks in India’s financial capital Mumbai to enhance cooperation in the field of civil aviation and air transport. During the talks, the Kuwaiti delegation was headed by President of the Directorate General of Civil Aviation (DGCA), Sheikh Salman Sabah Al-Salem Al-Humoud Al-Sabah, while the Indian side was represented by Union Minister of Commerce,"... Continue Reading

RESUMPTION OF DIRECT U.S. FLIGHTS FRUIT OF DIALOGUE

January 14, 2019

RESUMPTION OF DIRECT U.S. FLIGHTS FRUIT OF DIALOGUE

KUWAIT CITY, Jan 14: US Ambassador to Kuwait, Lawrence R. Silverman held a press roundtable at the US Embassy to discuss the upcoming visit of US Secretary of State, Mike Pompeo to Kuwait, and the Third US-Kuwait Strategic Dialogue taking place in Kuwait on Jan 15. “This is an extraordinary visit to all of the Gulf States, Egypt, Jordan and Iraq. It shows the importance of this region to the US.”

"... Continue Reading

AerSale Promotes Basil Barimo to Chief Executive Officer and Craig Wright to President to Facilitate Rapid Expansion

January 9, 2019

AerSale Promotes Basil Barimo to Chief Executive Officer and Craig Wright to President to Facilitate Rapid Expansion

(AETOS Wire)-- AerSale®, a global supplier of mid-life aircraft, engines, used serviceable material, and maintenance, repair, and overhaul (MRO) services, announced today it has promoted Basil Barimo, formerly Chief Operating Officer, to Chief Executive Officer, and Craig Wright, formerly Chief Commercial Officer, to President, to facilitate rapid expansion of the business. AerSale founder Nicolas Finazzo will serve as Executive Chairman and co-founder Robert B. Nichols will serve as Executive Vice Chairman. “Unburdened from the responsibility of day-to-day management, Bob and I will continue to steer AerSale’s overall direction and seek new synergistic acquisitions while we expand the platform,” said Finazzo. “Barimo and Wright are fully capable of leading the operations of our highly integrated, multi-faceted business model.”...... Continue Reading

Finance, Kuwait Airways ink new deal

January 2, 2019

Finance, Kuwait Airways ink new deal

The suspension of work at IATA Pricing and its cancellation from the global system since early November 2018 pushed the government to change agreement on the pricing of tickets and official shipping policies signed with Kuwait Airways, and the Ministry of Finance and Kuwait Airways have signed a new agreement in that regard, reports Al-Rai daily.

The"... Continue Reading

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