Asia-Pacific Aerospace Briefs Today
November 18th 2024
Today's briefs report news from Airbus, All Nippon Airways, Boeing, Cathay Pacific, Etihad Airways, Mitsubishi Heavy Industries, Spirit AeroSystems and Travelport. Read More »
All Nippon Airways (ANA) will have new distribution capability (NDC) content available via Travelport's global distribution system from mid-2025.
Cathay Pacific has appointed BNP Paribas Securities (Asia) Limited, BOCI Asia Limited, Hongkong and Shanghai Banking Corporation Limited and Morgan Stanley & Co. International Plc as joint dealer managers for the company’s repurchase program of convertible bonds due to mature in 2026.
Etihad Airways booked a 72% net profit increase, to 1.4 billion dirham (US$368 million), in the nine months to September 30 this year compared with a net profit of 814 million dirham in the same months in 2023. Revenue was up 21%, at 18.4 billion dirham, Etihad said. “This impressive growth is driven by strong results in both passenger and cargo revenues, underscoring the effectiveness of our strategy and the strength of our growth trajectory, where we are also seeing ongoing improvements in customer satisfaction,” Etihad Aviation Group CEO, Antonoaldo Neves, said.
MHI RJ Aviation Group (MHIRJ), a 100% owned subsidiary of Mitsubishi Heavy Industries, and Maeve Aerospace will jointly develop Maeve's M80 hybrid electric regional aircraft.
Spirit AeroSystems and Boeing have announced a US$350 million advance payments agreement with Spirit to produce Boeing products at the rates required by the air framer. “Boeing intends these payments to address Spirit's high levels of inventory and lower operational cash flows, the decrease in expected deliveries to Boeing and higher factory costs to maintain rate readiness and lingering effects from the recent Boeing employee strike,” Spirit said in a regulatory filing.
In other Spirit news, the company has signed a "second amended and restated memorandum of agreement" with Airbus. Airbus has agreed to provide Spirit with a non-interest-bearing line of credit to be used “in connection with production for various Airbus programs and the continued delivery of certain products to Airbus by Spirit".
