Asia-Pacific Aerospace Briefs Today
November 22nd 2022
Today's briefs report news from Airports of Thailand, Korean Air and Sabre. Read More »
Airports of Thailand Public Company Limited (AOT) has reported a net loss of 11.1 billion baht (US$306 million) to September 30 compared with a net loss of 16.3 billion baht in the previous corresponding period. Revenue rose 137.2%, to 17.9 billion baht, AOT said in a regulatory filing to the Stock Exchange of Thailand.
Korean Air has delivered the first aircraft to the U.S. Air Force F-16 life extension project as part of its U.S. Department of Defence contract to extend the life of the aircraft over 10 years from November 2020 to September 2030.
Sabre has announced plans to raise US$535 million from the sale of senior secured notes with the proceeds to pay US$536 million of Sabre debt due in 2024.
