Jetex founder and CEO Adel Mardini at the private aviation firm's VIP terminal in Dubai. (Image: Gulf Business)For nearly two decades, Adel Mardini has done what few founders in private aviation have managed. He has built Jetex by reshaping the private aviation market, using Dubai’s geographic reach and regulatory openness to scale a premium service across regions.Under his leadership, Jetex has grown from a single location into a network spanning 38 locations globally, set to reach 75 by the end of next y ...

Core Insights - Viasat Inc. announced that ITA Airways is implementing Iris technology, part of the European Space Agency's initiative to modernize Air Traffic Management in Europe [1][3][4] Group 1: Iris Technology Implementation - ITA Airways will initially deploy Iris technology on four Airbus A320neo aircraft, enhancing operational efficiency and environmental sustainability [3][6] - The Iris program aims to support the Single European Sky initiative, with a goal of onboarding 28 Air Navigation Service Providers by 2032 [2][4] Group 2: Operational Benefits - The implementation of Iris technology is expected to improve fuel efficiency and reduce emissions, contributing to the aviation industry's goal of achieving net zero [4][7] - Iris enables 4D trajectory-based operations, allowing airlines to optimize flight paths, avoid holding patterns, and enhance overall air traffic management [5][9] Group 3: Strategic Partnerships - The Iris service is supported by key partners including ESSP, which has onboarded 19 leading Air Navigation Service Providers for the pre-commercial phase [2][9] - The collaboration between Viasat, ESA, and ESSP is aimed at modernizing European airspace and enhancing flight punctuality [7][8] Group 4: Future Expansion - The Iris program is set to expand globally, with plans to assess its use in regions such as Asia and the Americas by 2028 [10] - The initiative reflects a growing trust in Iris technology and its potential to enhance air traffic management across Europe and beyond [9]

Core Insights - Air France-KLM reported stable operating results with an operating result of €1.2 billion and an operating margin of 13.1% for Q3 2025, reflecting resilience in a challenging environment [1][7][4]. Financial Performance - Group revenues increased by 2.6% year-on-year to €9.2 billion, driven by passenger network, Transavia, and maintenance [4][39]. - The operating result improved by €23 million compared to Q3 2024, reaching €1,203 million, supported by a €107 million decrease in fuel prices [7][4]. - Net income for the quarter was €768 million, a decrease of €56 million compared to the previous year [3][4]. Operational Metrics - The group welcomed 29.2 million passengers in Q3 2025, a 4.7% increase year-on-year, with capacity up by 5.1% and traffic by 4.5% [5][3]. - The passenger load factor slightly decreased to 88.8%, down 0.5 percentage points from the previous year [5][3]. - Unit revenue per Available Seat Kilometer (ASK) was down 0.5% at constant currency, primarily due to declines in cargo and Transavia unit revenues [6][4]. Cash Flow and Debt - Operating free cash flow for the first nine months of 2025 was €1.5 billion, with a strong cash position of €9.5 billion at the end of September [9][8]. - Net debt increased to €7.8 billion, reflecting the impact of pandemic-related deferrals [8][9]. - The leverage ratio stood at 1.6x, aligning with the group's target range of 1.5x to 2.0x [8][4]. Fleet and Sustainability Initiatives - The fleet renewal program is progressing, with 32% of the fleet now consisting of next-generation aircraft, contributing to sustainability goals [18][19]. - Air France-KLM is cooperating with the European Union Aviation Safety Agency to develop the EU Flight Emissions Label, enhancing transparency regarding flight emissions [12][13]. Strategic Developments - The group announced the acquisition of a 2.3% stake in Canadian carrier WestJet, reinforcing its presence in the North American market [21][22]. - New routes and strategic partnerships are being established to broaden the group's global reach and strengthen its competitive positioning [2][4].