Asia-Pacific Aerospace Briefs Today
November 26th 2024
Today's briefs report news from Airbus, Airports of Thailand Public Company, Cathay Pacific, Collins Aerospace and Philippine Airlines. Read More »
Airbus has commenced a second round of its share buyback program; the repurchase of up to 2.127 million shares between next month and January 24, 2025. The company said an investment firm has been charged with managing the share buyback with trading decisions concerning the timing of purchases to be made independently of Airbus.
Airports of Thailand Public Company has reported its net profit more than doubled to 19.2 billion baht (US$554 million) in calendar 2024 against 8.8 billion baht in 2023. Revenue improved 39.4%, to 67.1 billion baht, the company said in a regulatory filing.
Cathay Pacific operated a community flight on the weekend as part of the Hong Kong Special Administrative Region’s Strive and Rise youth support program. The airline hosted 180 students and mentors on a 90-minute flight aboard a retrofitted 777-300ER.
Philippine Airlines has conducted the First Article Inspection of aircraft seats to be installed on its A320 family narrow-bodies at Collins Aerospace's facility in Tanauan City 65km south of Manila. Collins is supplying the Pinnacle main cabin seats to the airline.
