Asia-Pacific Aerospace Briefs Today
March 19th 2025
Today’s briefs report news from Airbus, China Aircraft Leasing Group Holdings, Ernst & Young, Rex Airlines and ST Engineering. Read More »
Airbus commenced a series of flight tests on its first A380, registration F-WWOW, late last week. “After months of preparation, system upgrades and the renewal of its test installations, our teams kicked off a series of flight test activities this week,” Airbus said in a social media post. “These tests enable the certification of all the latest developments that keep the A380 in-service fleet flying at the highest standards of safety and reliability.”
China Aircraft Leasing Group Holdings (CALC) has reported a net profit of HK$257.5 million (US$33 million) for the 12 months to December 31, more than nine times the HK$28.3 million net profit it booked in calendar 2023. Revenue improved 9.2% to HK$5.2 billion, CALC said.
Ernst & Young (EY), the administrator for Regional Express, has sold the collapsed Australian airline’s 737 flight simulator and training centre in Sydney for A$6.1 million (US$4 million) and a Textron King Air 350C aircraft for US$7.3 million. “Proceeds from the sale of these non-core assets will be used to repay debt,” EY said.
ST Engineering has announced a new dividend policy will apply from 2026. “Barring unforeseen circumstances, as the company achieves progressively higher full-year net profit, it will pay out about a third of its year-on-year increase in net profit as incremental dividends,” ST Engineering said in a regulatory filing.
