Asia-Pacific Aerospace Briefs Today
February 20th 2023
Today's briefs report news from Air Lease Corporation, Boeing, Changi Airport Group, China Airlines, IBS Software, Philippine Airlines, Ramco Systems and Safran. Read More »
Air Lease Corporation CEO, John Plueger, said aircraft demand is bolstering lease rates, accelerating the company's order book placements and intensifying lease extension requests. The lessor reported a US$138.7 million net loss for calendar 2022 compared with a net profit of US$408.2 million a year earlier.
Boeing will merge its Boeing Capital Corp aircraft financing unit with its Commercial Airplanes subsidiary to simplify the company's structure, Airfinance Journal has reported, citing an internal staff memo.
Changi Airport Group’s retail concessions sales in the public and transit areas of Singapore airport and online were S$1.1 billion (US$823 million) in calendar 2022, 37% of sales recorded in the pre-COVID-19 year of 2019.
China Airlines has chosen IBS Software’s iCargo solution for its new cargo management system.
Philippine Airlines will deploy Ramco Systems Aviation Suite V5.9 software to replace legacy systems across the airline and its affiliate PAL Express.
Safran CEO, Olivier Andriès, said industry wide challenges were likely to persist in the near team, but forecast 2023 will be a strong year for customer demand. The company reported a net loss of 2.5 billion euro (US$2.6 billion) for calendar 2022 against a net profit of 43 million euro a year earlier.
