Asia-Pacific Aerospace Briefs Today
February 3rd 2025
Today's briefs report news from Accelya, Boeing, Boom Supersonic, Cosmo Oil Marketing, DHL Express, Hong Kong Airlines, International Air Transport Association, Qantas Airways, SATS, Spirit AeroSystems and UPS. Read More »
Boeing recorded a net loss of US$11.8 billion for calendar 2024; a deterioration from its net loss of US$2.2 billion in 2023. Revenue declined by 14%, to US$66.5 billion, the company said in a regulatory filing. "We made progress in key areas to stabilise our operations during the quarter and continued to strengthen important aspects of our safety and quality plan," Boeing CEO, Kelly Ortberg, said of the company’s fourth quarter performance. "My team and I are focused on making the fundamental changes needed to fully recover our company's performance and restore trust with our customers, employees, suppliers, investors, regulators and all others counting on us."
Boom Supersonic’s XB-1 test aircraft broke the sound barrier for the first time on January 28 in a flight out of the Mojave Air and Space Port in California. The aircraft achieved a new top speed of Mach 1.122 during the 34-minute test flight.
DHL Express will purchase 7.2 million litres of Sustainable Aviation fuel (SAF) from Japan’s Cosmo Oil Marketing that will be used on regular cargo shipping services from next April. It is the company's first SAF purchase in Asia.
Hong Kong Airlines has selected technology company, Accelya, to audit its transactions across multiple global distribution systems, with the findings to optimise its operations, reduce costs and identify inventory abuse.
The International Air Transport Association (IATA) has published a methodology to accurately, consistently and transparently measure the contribution of Sustainable Aviation Fuel (SAF) to the aviation industry's de-carbonisation. "This is an essential component of the soon-to-be launched IATA SAF Registry that will enable airlines to claim SAF benefits against their regulatory and voluntary obligations, irrespective of where SAF was uplifted," IATA senior vice president for sustainability and chief economist, Marie Owens Thomsen, said.
Qantas Airways is looking for an Australian designer to create a new uniform for staff that is planned to be unveiled in 2027. It will be the 11th new uniform in the airline's history.
SATS’s Thailand subsidiary has paid 85.5 million baht (US$2.5 million) to acquire the remaining 15% holding it did not own in SATS Food Solutions (Thailand) Co Ltd from Bangkok Ranch Public Company Limited.
In other SATS news, the company's Worldwide Flight Solutions business has completed the purchase of Menzies Aviation’s general cargo handling operations at Amsterdam Schiphol Airport.
Spirit AeroSystems shareholders have approved Boeing’s proposed acquisition of the company at a special meeting on January 31. The transaction is expected to be finalised by mid-year.
UPS has reported an adjusted operating profit of US$8.9 billion for calendar 2024, down 9.9% from US$9.9 billion in 2023. Revenue moved slightly higher, by 0.1%, to US$91.1 billion, the company said. Despite the full-year drop in adjusted operating profits, UPS said this measure of financial performance was up 11.2% in the three months to December 2024, compared with the previous year. "We closed out 2024 with an outstanding peak, delivering best-in-class service and strong financial results ahead of our targets for the quarter," UPS CEO, Carol Tomé, said.
