Asia-Pacific Aerospace Briefs Today
March 10th 2025
Today’s briefs report news from Capital A, Singapore Airlines and ST Engineering. Read More »
Capital A has taken another step towards its exit from Practice Note 17 (PN17) status after the Bursa Malaysia approved the company’s regularization plan. “After an extensive restructuring process, we stand at the threshold of exiting PN17 status,” Capital A regulatory filing said. In 2020, the Bursa Malaysia stock exchange issued Capital A, then known as AirAsia Group, with a PN17 due to its financial standing at the time. To continue to trade on the local stock exchange, a PN17 required a company to submit and receive approval for a financial regularization plan within a specified time.
Singapore Airlines frequent flyer program, KrisFlyer, has reached 10 million members. The program is offering discounts, bonus miles and giveaways to celebrate the milestone.
ST Engineering is shifting MRO at its VT Mobile Aerospace Engineering subsidiary to the company’s other U.S. facilities in Pensacola Florida and San Antonio in Texas. “This strategic move is part of our continuous network optimization effort to streamline our operations while adding newer and more modern facilities under ongoing expansion plans,” ST Engineering president commercial aerospace, Jeffrey Lam, said in a regulatory filing. “With a more optimized network, we can enhance the competitiveness of our airframe MRO business.”
