Airline Finance News - Africa / Middle East.


New York, Geneva (AirGuideBusiness - Airline Finance News Africa / Middle East) Mon, Jan 5, 2015

Azerbaijan's Silk Way commits to 3 more Boeing 747-8 freighters Silk Way Airlines, based in Baku, has placed a firm order with Boeing for three more Boeing 747-8(F)s the official Azernews press agency has reported. The Azerbaijani operator had originally signed a Memorandum of Understanding (MOU) with the Americans for four freighters in early 2013 firming only two of them initially. The agreement, which was signed in Baku on December 24, will see the aircraft delivered over the course of this year and next. The freighters will be placed with subsidiary Silk Way West Airlines where they will join two other aircraft of the same type, three 747-400(F)s, and two 767-300(F)s. Sun, Jan 4, 2015

Kenya Airways retires Embraer EMB-170 fleet Kenya Airways has confirmed to ch-aviation that it has retired its fleet of three Embraer EMB-170s. The aircraft type was the smallest in the Kenyan national carrier's fleet. Based on analysis of schedule data, it presumably still keeps the aircraft as a back-up for now with a very small number of round-trips to Kisumu and Mombasa still scheduled for later this month. Kenya Airways continues to operate 15 larger EMB-190s equipped with 96 seats in a two class configuration. Fri, Jan 2, 2015

Qatar AirwaysO 1st A350 accompanies its 4th A380 for delivery to Qatar Departing Toulouse on its delivery flight to Qatar AirwaysO base in Doha, is the airlineOs first A350 XWB accompanied by its big sister A380 [ETH] the fourth for Qatar Airways which is also making its first journey home.

With the delivery of this A350, the airline becomes the first carrier in the world to operate every family of AirbusO modern airliner portfolio, comprising the A320, A330/A340, A350 and A380. Fri, Jan 2, 2015

Cyprus Airways to be closed after the holidays Cyprus Airways is facing potential imminent closure after the New Year holidays according to a news report by the Cypriot newspaper Kathimerini. According to the report, Alecos Michaelides, the country's chairman of the Air Licensing Authority has given Cyprus Airways until January 8 to present fully audited financial statements for the 2014 financial year and to "provide evidence that is a going concern". Cyprus Airways is also under investigation by the European Union which is planning to rule in 2015 whether a 2012 rescue package and 2013 capital increase by the Cypriot government violated EU...

To continue reading