Asia-Pacific Aerospace Briefs Today
August 20th 2021
AirAsia Group said its digital logistics business, Teleport, will acquire Malaysian online food delivery company, Delivereat, with the US$9.8 million transaction to be paid in cash and Teleport shares. Read More »
Sydney Airport has announced a net loss of A$108.7 million (US$77.8 million) for the six months to June 30, more than double the net loss of A$51.8 million for the same six months in 2020. Revenue fell 33.2%, to A$341.6 million. “Governments at all levels are highly motivated to roll out the vaccine, which now has been tied to the lifting of restrictions. As border restrictions are eased, international and domestic travel will be back, and Sydney Airport will be ready to go," Sydney Airport CEO, Geoff Culbert, said.
Auckland Airport has reported a NZ$462.2 million (US$315.7 million) full year net profit for 2020-2021, up from NZ$193.9 million a year earlier. The result was boosted by a NZ$527.3 million increase in investment property fair value in the accounts, the company said. On an underlying basis, Auckland Airport reported an after tax loss of NZ$41.8 million, the first full- year underlying loss in its history.
