Dubai Aerospace Enterprise (DAE) has completed the acquisition of 100% of the outstanding share capital of Macquarie AirFinance (MAF) and its subsidiaries in a transaction valued at approximately $9 billion.

First announced in February 2026, the acquisition significantly expands DAE's global portfolio to around 1,000 owned, managed and committed aircraft leased to more than 175 airlines across 75 countries.

The company also holds commitments to acquire approximately 150 additional aircraft from Boeing, Airbus, ATR and other trading counterparties, further strengthening its long-term fleet pipeline.

DAE said it was advised on the transaction by Allen Overy Shearman Sterling LLP and KPMG.

Chief Executive Officer Firoz Tarapore said the completion of the acquisition marks another milestone in the company's growth strategy, describing it as the latest in a series of transformational acquisitions. He said DAE's expanded portfolio now makes it the world's third-largest aircraft lessor by both fleet value and the number of owned and managed aircraft.

Tarapore added that the enlarged business strengthens DAE's ability to provide airlines with a broader range of fleet solutions while building on recently announced initiatives with Blackstone and Neuberger to support customers throughout the aircraft lifecycle.

He also said the acquisition deepens DAE's long-standing partnerships with Boeing and Airbus, with aircraft delivery slots now extending into the 2030s. According to Tarapore, the expanded orderbook will provide greater flexibility to meet airlines' future fleet requirements while enabling the company to welcome new airline customers and further strengthen relationships with its existing client base.

Source: ZAWYA

DUBLIN: Aircraft leasing company Avolon has announced a sale-and-leaseback agreement covering up to seven Boeing 737-8200 aircraft with Indian airline Akasa Air.

Under the arrangement announced on August 14, 2026, Akasa Air will sell aircraft from its existing order book to Avolon and lease them back. The structure allows the airline to release capital for other business needs while continuing to operate the aircraft.

The Boeing 737-8200, also known as the 737-8-200, is the highest-density configuration of the Boeing 737 MAX 8 family. The aircraft is certified to accommodate as many as 210 passengers.

Akasa Air operates the aircraft with 197 seats in a single-class configuration. The Indian carrier currently has 17 Boeing 737-8200 aircraft in its fleet.

Akasa Air became the first airline in Asia to operate the 737-8200 in 2023. The latest transaction will allow the carrier to maintain operational use of the aircraft while strengthening its financial flexibility as it continues to expand.

Source: Aero time

PARIS: Cabin crew working for British low-cost airline EasyJet in France began a two-day strike on Saturday, demanding better working conditions and more predictable schedules.

The walkout was called by unions representing EasyJet’s France-based cabin crew after negotiations over employee schedules ended without an agreement, French broadcaster BFMTV reported.

Unions said unpredictable working patterns had placed significant physical and mental strain on employees. They are seeking changes aimed at improving working conditions for cabin crew.

The industrial action is expected to disrupt EasyJet operations across France, with around 100 flights scheduled for the weekend reportedly canceled as a result of the strike.

Reports put participation among EasyJet cabin crew in France at 68%, highlighting the scale of the labor action.

The strike is scheduled to continue for two days as unions press the airline for changes to scheduling practices and broader improvements to working conditions.

Source: Anadolu Ajansı

RIYADH, Saudi Arabia: Saudi low-cost airline flynas has added a new Airbus A320neo to its fleet, supporting the carrier’s expansion strategy while introducing another aircraft equipped with its latest-generation cabin.

The latest delivery brings the flynas fleet to 68 Airbus aircraft, comprising 62 A320neo jets, two A330s and four A320ceo aircraft.

The aircraft is the second in the airline’s fleet to feature the new-generation cabin, which was introduced earlier this year. The cabin is designed to improve passenger comfort while supporting greater operational efficiency and lower fuel consumption.

The new seats, developed in partnership with Safran, include integrated smartphone and tablet holders, high-speed USB-A and USB-C charging ports with a 60-watt capacity, larger meal tables, dedicated storage for books and magazines, and coat hooks.

Premium-class seats also feature additional legroom, adjustable headrests and a center-seat divider aimed at providing greater comfort for passengers.

The A320neo’s improved fuel efficiency compared with previous-generation aircraft is expected to reduce fuel consumption and operational emissions per seat. The addition therefore supports flynas’ wider sustainability program alongside its fleet growth plans.

The latest aircraft also reflects the airline’s efforts to enhance the onboard experience as it expands its network and responds to growing demand for air travel in Saudi Arabia.

Source: QCAA

DUBAI: Air Arabia reported a 51% decline in first-half net profit to AED 374 million ($102 million), as the Middle East and North Africa’s largest low-cost airline faced significant operational and cost pressures from the ongoing regional conflict.

For the six months ended June 30, 2026, revenue fell 1% to AED 3.48 billion, compared with AED 3.52 billion during the same period last year.

The airline carried more than 8.7 million passengers across its operating hubs, a 14% year-on-year decline. Despite the reduction, its average seat load factor remained at 83%, indicating continued demand for its services despite disruptions to operations.

The impact was more pronounced in the second quarter. Net profit dropped 77% to AED 96 million, while revenue declined 3% to AED 1.68 billion. Passenger traffic fell 23% to more than 3.9 million, reflecting reduced capacity, while the average seat load factor stood at 81%.

Air Arabia said its performance was significantly affected by the regional conflict, which began in February and disrupted aviation operations throughout the remainder of the first half.

Multiple airspace closures, temporary operational restrictions and reduced capacity affected the airline’s network, while record-high fuel prices added to operating costs.

Sheikh Abdullah Bin Mohammad Al Thani, Chairman of Air Arabia, said the airline’s ability to remain profitable despite the disruption demonstrated the resilience of its business model and financial position.

He said the carrier focused on preserving network connectivity, adapting operations to changing conditions and maintaining strict cost controls while protecting operational efficiency.

Despite the difficult operating environment, Air Arabia continued expanding its fleet and network during the first half of the year.

The airline added six aircraft, bringing its fleet to 96 owned and leased Airbus A320 and A321 aircraft. It also introduced five new routes across its hubs in the UAE, Morocco, Egypt and Pakistan.

In June, Air Arabia was named “Most Sustainable Low-Cost Airline in the MENA Region 2026” by World Finance Magazine as part of its annual Sustainability Awards Programme.

Sheikh Abdullah said the airline remained confident in its underlying business strength as market conditions improve. He added that Air Arabia would continue focusing on responsible network expansion, financial discipline and its value-focused offering while seeking to create sustainable long-term value for stakeholders.

Source: TradeArabia

Turkish Airlines will expand its network in mainland China with the launch of scheduled flights to Chengdu, the capital of Sichuan Province, from November 11, 2026.

Chengdu will become the airline’s fourth destination in mainland China after Beijing, Shanghai and Guangzhou. The new service will provide a direct link between the Chinese city, Türkiye and Turkish Airlines’ wider international network.

With a population of more than 21 million, Chengdu is one of China’s major metropolitan centers and an important hub for trade, logistics and finance. The city is also home to multinational companies operating in sectors including electronics, automotive, aviation, biotechnology and artificial intelligence.

The city has also gained global recognition for its culinary culture. UNESCO has designated Chengdu a “City of Gastronomy,” while attractions such as the Chengdu Research Base of Giant Panda Breeding draw millions of visitors each year.

Turkish Airlines CEO Ahmet Olmuştur said China remains an important strategic market for the carrier and that the Chengdu service would further strengthen its presence in the country.

He said the new route is expected to support stronger commercial, cultural and tourism connections between Türkiye and China.

Turkish Airlines will operate three weekly flights from Istanbul to Chengdu on Wednesdays, Fridays and Sundays. Return services will operate on Mondays, Thursdays and Saturdays.

Flights will serve Chengdu Tianfu International Airport using Boeing 787-9 Dreamliner aircraft. Each aircraft will offer 300 seats, comprising 30 Business Class and 270 Economy Class seats.

To mark the route launch, Turkish Airlines is offering promotional fares starting at $540 for Economy Class and $1,991 for Business Class for travel between Istanbul and Chengdu. The airline said fares are available through its official website and may vary at sales offices and travel agencies.

Source: TradeArabia