Headlines Libya

Libya signs up for Airbus helicopters to combat criminality

Libyan Tripoli-based administration, Government of National Accord (GNA), has inked a deal with European multinational aerospace corporation, Airbus, for the purchase of 10 helicopters to be used in the fight against criminality. Interior Minister of the Government of National Accord Fathi Bashagha announced the deal Saturday following his visit to France last week. The aircraft, […]

Africa Business Headlines International

Air Senegal signs MoU for eight Airbus aircraft

Air Senegal, the state-owned flagship carrier of Senegal, has signed a memorandum of understanding (MoU) for eight Airbus A220 aircraft at the Dubai Airshow on Tuesday, the airline said in a statement. According to Chief Executive Officer Ibrahima Kane, the planes would allow the airline to fly routes to Europe and West Africa when deliveries […]

Europe Headlines International Tunisia

Airbus mulls plans to open pilot academy in Tunisia

European and global aerospace giant, Airbus, is planning to launch an academy for pilots in Tunisia, the transport ministry of the North African country has said. The ministry of transport indicated in a statement that Airbus will soon launch the academy as part of partnership between the European multinational and the Tunisian Agency of Technical […]

Business Headlines Morocco

Marrakech Air Show, a Showcase of Morocco’s Aeronautical Industry

The Marrakech airshow has become an annual event to showcase the progress achieved by Morocco’s aeronautical industry which is expected to grow by 20% in the next five years. Speaking to the press at a conference dedicated to the event, held this October 24-27, Minister for Industry, Investment, Trade and the Digital Economy Moulay Hafid […]

Business Headlines Morocco

Morocco’s Aeronautics reaches Domestic Sourcing Rate of 29%, Exports up 18% in 2017

Morocco’s aviation industry is cruising full speed steadily and spreading its wings for takeoff. This is what the figures released by the aeronautics federation (GIMAS) show. The domestic sourcing rate of the sector jumped from 17% in 2016 to 29% in 2017, while exports value rose by 18.4 during the same period. This progress is […]

Asia Business Headlines International Morocco

UAE Company Mubadala Aerospace Mulls Investing in Morocco

The Abu Dhabi-based Mubadala Aerospace is considering opening a new manufacturing plant in Morocco to be closer to its customer Airbus, said the company’s chief Badr Al Olama. The North African Kingdom enjoys “a proximity to Europe. Being closer to the customers will be important for Strata”, a unit of Mubadala Aerospace, he added in […]

Business Columns Headlines Morocco Opinions

Morocco’s Aeronautics Industry Aims to Generate $2.8 bln Turnover by 2020

Aeronautics is a key component of Morocco’s Industrial Acceleration Plan. The sector aims to generate a turnover of 2.8 billion dollars and create 23,000 jobs by 2020. The figures were announced by Industry Minister Moulay Hafid El Alamy in a statement to local media saying that the goals set for the aeronautics sector include reaching […]

Business Europe Headlines International

Qatar, France Sign $12 billion Rafales, Airbus Deal

France and Qatar signed a slew of contracts worth €12 billion as President Emmanuel Macron visited the isolated Gulf country this week. Under the deal, Doha will acquire 12 Rafales fighter jets and 50 Airbus planes. “These contracts underline the closeness of our commercial ties,” Macron said during the signing ceremony in Doha Thursday. He […]

Business Emerging Markets

Emirati’s Strata Eyes Morocco to Channel Supply to Europe

United Arab Emirates-based aero-structures manufacturing company is eyeing investment in Morocco to ease supplies to its European market. The announcement was made by the company’s CEO Badr Al Olama in a statement to Reuters. “We are looking for a country near Europe, I have mentioned Morocco,” Al Olama said. Strata is owned by Mubadala Aerospace […]

Business Emerging Markets Headlines Morocco

Morocco Set to Become Hub for Aeronautic Industries

Morocco is forging ahead with its industrialization plan, which attaches particular importance to aviation-related industries. The recent opening of Latsima’s factory to supply Airbus is part of an endeavor to make Morocco a hub for aeronautic industries by attracting component suppliers for leading aircraft manufacturers. The new factory is located in the outskirts of Casablanca […]