ITA Airways expands global network with strategic growth in Middle East

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Updated 21 July 2025
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ITA Airways expands global network with strategic growth in Middle East

ITA Airways, Italy’s national flag carrier, continues its ambitious international expansion strategy by reinforcing its presence in the Middle East— one of the world’s fastest-growing aviation markets. With the recent launch of new nonstop routes to key destinations across the Gulf region, the airline is connecting Italy with high-potential international markets, supporting trade, tourism, and cultural exchange.

These new routes mark a significant step in ITA Airways’ long-term vision to establish Rome Fiumicino as a major intercontinental hub. Operated by the cutting-edge Airbus A321neo, the Middle Eastern routes offer passengers a refined travel experience with a three-class cabin configuration — Business, Premium Economy, and Economy. The aircraft also underscores ITA Airways’ sustainability mission, delivering over 20 percent lower fuel consumption and carbon emissions per seat, along with a 50 percent reduction in noise impact compared to previous-generation models.

Passengers flying to and from the Middle East benefit from seamless connections across ITA Airways’ growing network, covering Europe, the Americas, and North Africa, supported by optimized transit through Rome Fiumicino Airport.

Further enhancing the customer journey, ITA Airways recently unveiled its new premium Runway Lounge at Milan Linate Airport — an elegant space that embodies Italian design and excellence. Developed in collaboration with iconic Italian brands such as Campari Group, illycaffè, iGuzzini, and Poltrona Frau, the lounge offers a luxurious and uniquely Italian ambiance. To celebrate the launch, a fashion show curated by Italian label Silence Please featured designs inspired by ITA Airways’ intercontinental destinations, reinforcing the brand’s connection to Italian creativity and global elegance.

Commenting on the expansion, Jörg Eberhart, CEO of ITA Airways, said: “Our growing footprint in the Middle East is a clear reflection of our long-term commitment to building sustainable and meaningful connections between Europe and this dynamic region. ITA Airways is dedicated to providing a premium and authentically Italian travel experience, supported by a modern fleet and seamless global connectivity. These new routes go beyond commercial value — they represent a vision of smarter, more connected travel that brings people, cultures, and economies closer together.”

As part of its broader growth strategy, ITA Airways continues to invest in fleet renewal, aiming for 90 percent of its aircraft to be next-generation models by 2027 — making it one of the youngest and most environmentally responsible fleets in Europe. Backed by the Ministry of Economy and Finance of Italy and Deutsche Lufthansa AG, ITA Airways is steadily establishing itself as a key player in global aviation, driven by innovation, sustainability, and an unmistakable Italian style.


GIB Capital strengthens regional leadership with $2.1bn ICM transactions

Updated 15 December 2025
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GIB Capital strengthens regional leadership with $2.1bn ICM transactions

GIB Capital, one of the region’s leading financial and investment banking advisers, has announced the successful execution of three major international capital markets transactions in November, underscoring the firm’s growing influence and distribution strength across global debt markets.

In a single month, GIB Capital acted in joint lead manager roles across three landmark issuances — supporting clients in the banking, aviation and government sectors — and attracting an aggregate of more than $4.6 billion in investor demand from the Middle East, Europe, Asia, the UK and the US. These transactions, which collectively raised over $2.1 billion, further demonstrate the confidence international investors place in GCC issuers and the strategic value GIB Capital brings to each mandate.

The firm began the month by serving as joint global coordinator, joint lead manager and bookrunner on the inaugural ICM issuance for GIB — Saudi Arabia. The $500 million perpetual non-call 5.5-year additional Tier 1 instrument was priced on Nov. 5 and generated an impressive $1.3 billion in orders, achieving a 2.6-times oversubscribed orderbook. The strong participation from regional, UK, Asian and European investors reflect the bank’s robust credit fundamentals and GIB Capital’s ability to deliver global reach for its clients.

On the same day, GIB Capital also acted as joint lead manager and bookrunner for AviLease’s first-ever ICM transaction — an $850 million bond offering that attracted exceptionally strong interest, closing in at over 3.7 times oversubscribed orderbook. The transaction drew participation from a diverse pool of regional, US, UK, European and Asian investors, highlighting the appeal to Saudi Arabia’s fastest-growing aviation leasing company. 

Further reinforcing its leadership in Islamic finance, GIB Capital concluded the month as joint lead manager and bookrunner on the government of Sharjah’s $750 million sukuk issuance, priced on Nov. 18. The transaction secured $2 billion in orders, representing a 2.6-times oversubscribed orderbook, with interest coming primarily from regional, UK and European accounts. This issuance marked government of Sharjah’s first US dollar public issuance in 2025 and benefited from strong investor confidence toward Sharjah’s credit story and in GIB Capital’s advisory expertise.

Commenting on the milestone month, Osamah Mohammed Shaker, CEO of GIB Capital, said: “These three successful issuances reflect the depth of trust our clients place in GIB Capital and the strength of our distribution network across global markets. The robust oversubscriptions and high-quality investor participation are clear indicators of the continued confidence in GCC credit stories and the resilience of the region’s economic outlook. We remain committed to delivering best-in-class execution, innovative structuring, and strategic advisory that enable our clients to access international liquidity efficiently and competitively.”

With a growing portfolio of successful mandates, GIB Capital continues to expand its presence as a leading provider of debt capital markets solutions, capital markets advisory, mergers and acquisitions, debt advisory, asset management and brokerage services. Combining deep regional insight with global investor connectivity, the firm remains committed to supporting clients across sectors with innovative, tailored, and high-impact financial solutions.