Asia-Pacific Aerospace Briefs Today
February 23rd 2022
Today's aerospace briefs report news from Airbus, Cathay Pacific Airways, cargo.one, Korean Air, Mitsubishi Heavy Industries, Sabre, Safran, SIA Engineering Company, Singapore Airlines Cargo and Tikehau Ace Capital. Read More »
Airbus, Safran and Tikehau Ace Capital said in a joint statement they had signed a Memorandum of Understanding to acquire parts and material supplier, Aubert & Duval, from its parent Eramet. The partners will have equal ownership rights in a new company in a deal expected to close by the final quarter of 2022, subject to staff consultations and regulatory approvals.
Cathay Pacific Airways has committed to a new agreement with Sabre for the technology company's AirVision Fares Manager and complementary Fares Optimizer products. "It's essential to be able to mine real time market data to respond dynamically to market conditions while taking into account customer segmentation, demand, willingness to pay and competition," Cathay Pacific Airways general manager revenue management, Navin Chellaram, said.
Mitsubishi Heavy Industries has announced its U.S.-based subsidiary, Crystal Mover Services, has signed a five-year contract renewal for the operation and maintenance of the Skytrain automated people mover at Miami International Airport's North Terminal with the option to extend the commitment for another five years.
Korean Air will fly its nonstop Paris-Seoul Incheon service using sustainable aviation fuel.
Singapore Airlines Cargo has become a customer for cargo.one's real-time digital booking platform.
SIA Engineering Company (SIAEC) has reported a net profit of S$33.2 million (US$24.7 million) for the three months to December 31, up from S$7.7 million in the same three months in 2020. Revenue increased 33.8%, to S$140 million, SIAEC said in a regulatory filing to the Singapore stock exchange. "The group’s revenue recovery remains uncertain even with the progressive openings of Vaccinated Travel Lanes as the recent spikes in COVID-19 cases caused by the more contagious Omicron variant has disrupted international air travel that was gradually building up," SIAEC said.
