Source: Rex Regional Express (Rex) today announced it had taken a 20 per cent stake in Dovetail Electric Aviation (Dovetail) which is pioneering the conversion of turbine powered aircraft to electric, emission-free propulsion. The equity participation agreement formalises the strategic partnership between Rex and Dovetail and builds on the Memorandum of Understanding between the two companies which was unveiled on 21 July, 2022. Rex will appoint one of its Board members to sit on the Board of Dovetail. The Australian-headquartered Dovetail recently received a $3 million grant from the Federal Government’s Cooperative Research Centres Projects (CRC-P) program. This will facilitate Dovetail’s development of electric propulsion systems for aircraft used on regional routes operated by Rex and other regional airlines. Dovetail also recently announced the [...]

Source: Saudia Saudia announced that it will significantly increase the number of flights to major global destinations. This comes as part of its objectives to bring the world to the Kingdom and strengthen the airlines’ international presence. The expansion offers convenient connections and more flexibilities for SAUDIA’s guests. Bangkok From 26 March, SAUDIA will be introducing 3 additional flights to Bangkok from Jeddah. As a result, SAUDIA will be serving Bangkok a total of 10 flights a week with daily services from Jeddah and 3 flights per week from Riyadh. Seoul From 26 March, SAUDIA will be introducing non-stop flights to Seoul from both Jeddah and Riyadh. As a result, SAUDIA will be connecting Seoul with 4 flights a week [...]

Source: Kuwait Airways Kuwait Airways announced the launch of its new organizational structure, the amendment being in line with the vision and strategy of the company until the year 2030. This launch of the organizational structure emanates from the Board of Directors in improving the system of internal procedures, strengthening, developing, and encouraging competencies, in addition to working towards developing customer experience. The organization of the structure was based on systematic research for a period of about 12 months, to keep pace with the best international standards related to developing human resources and increasing productivity. In this regard, Kuwait Airways Chief Executive Officer, Eng. Maen Razouqi stated, "The organization of the new structure of Kuwait Airways will contribute effectively to [...]

Source: Turkish Airlines Global aviation industry went through a year of increasing geopolitical tensions and global inflationist pressures while facing operational problems following the Covid-19 pandemic. Turkish Airlines closed 2022 with 2.7 billion USD net profit standing out from its competition thanks to its operational agility, wide flight network and highly skilled workforce it maintained during the pandemic. Our company managed to complete its sixth quarter in a row with a net profit despite the difficult operating environment that persisted since 2020. Total revenue of our company during 2022 was 18.4 billion USD, surpassing that of 2019 by 39% and marking a record high. Constituting 20% of the total revenues, cargo revenues increased by 120% compared to the same period [...]