Asia-Pacific Aerospace Briefs Today
April 28th 2023
Today's briefs report news from Abu Dhabi Airports, Air India, Airbus, Avolon, Boeing, China Development Bank Financial Leasing Co, Etihad Cargo, Kerry Logistics, Malaysia Airports Holdings, Raytheon Technologies, Sabre, SF Express and Tarmac Aerosave. Read More »
Air India has signed a new agreement with Sabre to distribute its fares across the travel technology company's global distribution system (GDS). The deal also included the Star Alliance member using Sabre's consultancy services to help build Air India's network based on its current and future fleet.
Airbus, the City of Chengdu and Tarmac Aerosave have established a joint-venture to build an aircraft lifecycle services centre in China. The facility, the first of its kind in China, was expected to open by the end of the year and provide aircraft parking and storage, maintenance, upgrades, conversions, dismantling and recycling services.
Aircraft lessor, Avolon, announced a commitment to order 40 737 MAX family aircraft for delivery between 2027 and 2030. The order was subject to the approval of Avalon's 70% shareholder, Bohai Leasing Co, which the company said was "anticipated before the end of May".
Boeing has launched an expanded ecoDemonstrator flight testing program for 2023 involving two aircraft, with plans to conduct tests on 19 technologies on its 777-200ER ecoDemonstrator and explore operational efficiency testing on a 787-10 "Explorer" aircraft.
China Development Bank Financial Leasing Co has named BDO China Shu Lun Pan Certified Public Accountants LLP and BDO Limited as its new auditors, taking over from Ernst & Young Hua Ming LLP and Ernst & Young, whose term has expired.
China-based SF Express has commenced cargo flights to Abu Dhabi from Wuhan, with the service operated as part of a strategic partnership with Etihad Cargo and Kerry Logistics.
Writing in the company's annual report, Malaysia Airports Holdings managing director, Dato' Iskandar Mizal Mahmood, said he expected the recovery of demand for air travel in 2023 would "continue to depend on further easing of travel restrictions, airlines sustainability and their financial ability, containment of new COVID-19 variants as well as the economic conditions that have recently impacted the global economy".
Raytheon Techologies, the parent company of Collins Aerospace, Pratt & Whitney and others, reported net profit rose 29% to US$1.4 billion in the three months to March 31 2023, while revenue was up 10%, at US$17.2 billion. "Continued global airline travel and defense systems demand point to sustained top line growth, as evidenced by US$21 billion in new orders and a record backlog of US$180 billion across our industry-leading portfolio," Raytheon Technologies CEO, Greg Hayes, said.
