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AVIATION-
Kuwait Airways is planning to lease eight Airbus 321 neo aircraft passenger jets over the next decade, Reuters quotes Chairman Ali Al Dukhan as saying. The state-owned carrier is examining bids from leasing companies with expected contract durations of eight to 10 years, Aldukhan said. The carrier had also recently made an order for 31 planes from Airbus in 2022, of which it has received 18 so far, Reuters writes. News of the new lease order comes as delivery delays from Airbus threaten the airline’s expansion, Simple Flying reports.
More Kuwait Airways news: The airline has reduced its losses to 50% in 2022, down to KD 55 mn from KD 107 mn, Kuwait News Agency quotes Al-Dukhan as saying. The airline has also extended the contract for the lease of seven A320 aircraft up to 2024.
ENERGY-
HEISCO signs KD 91.7 mn maintenance service contract with Kuwaiti refinery: The Kuwaiti Heavy Engineering Industries and Shipbuilding Company (HEISCO) has inked a KD 91.7 mn agreement to provide mechanical maintenance service at the Mina Abdullah Refinery, Kuwaiti news agency KUNA reports. The contract covers the span of 63 months, Kuna reports, citing a company disclosure.
TRADE-
Abu Dhabi + Ethiopia to bolster trade ties: The Abu Dhabi Chamber of Commerce and Industry has inked an agreement with the Ethiopian Investment Commision to foster economic collaboration between the two countries and establish frameworks for cooperation in trade and investment, Emirati news agency WAM reports. The agreement will see the Abu Dhabi Chamber facilitate and promote business interactions and investments between the two countries, while the EIC will provide incentives to Emirati investors and set up a platform for dialogue around investment challenges.
ALSO WORTH KNOWING-
- Jordan’s Tourism Board has renewed a cooperation agreement with Ryanair that will add four new routes including to Pisa, Brussels, Marseille, and Madrid until 2028, bringing the total number of routes by the low-cost Jordanian carrier to 25. (Petra)
- Adnoc Logistics & Services has added a 86 m long, 2018-built multipurpose support vessel to its offshore fleet from AD Ports subsidiary Safeen for an undisclosed amount. (Splash)
