Asia-Pacific Aerospace Briefs Today
August 17th 2023
Today's briefs report news from Air Lease Corporation, Malaysia Airports and SATS. Read More »
Air Lease Corporation has signed a lease agreement with Royal Air Maroc for four 737 MAX 8s and one 737-800.
Malaysia Airports Holdings has terminated Pestech International Berhad's contract to design and build the replacement of Kuala Lumpur International Airport's (KLIA) aerotrain people mover because of non-performance and a material breach of its obligations under the contract.
Food and beverage provider, SATS, has reported a net loss of S$29.9 million (US$22 million) for the three months to June 30 compared with a net loss of S$22.5 million in the same quarter a year ago. Operating profit, which excluded the acquisition costs of Worldwide Flight Services, was S$10.2 million, up from an operating loss of S$34.3 million in the corresponding period in 2022.
