Orient Aviation Daily Digest June 6, 2023
79th IATA AGM: News Coverage
IATA urges two South Asia nations to repatriate funds to airlines
The International Air Transport Association (IATA) urged the governments of Bangladesh and Pakistan to abide by international agreements and treaty obligations to enable airlines to repatriate these funds arising from the sale of tickets, cargo space, and other activities, warning that blocked funds are a threat to airline connectivity in the affected markets. Read More »
News
IATA upgrades net profit forecasts for 2023 to US$9.8 billion
The International Air Transport Association (IATA) expects the airline industry to collectively achieve net profit of US$9.8 billion in calendar 2023 on revenues of US$803 billion, representing a 1.2% profit margin. Read More »
News
All Nippon Airways and EL AL launch partnership
Japan-headquartered All Nippon Airways (ANA) and Israel flag carrier, EL AL, said they had signed a commercial agreement covering codesharing and reciprocal frequent flyer benefits. Read More »
News
Australia's competition regulator says local aviation market lacks competition
Australia's competition regulator said consumers in the country were paying higher airfares and receiving poor service amid a lack of effective competition in the local market. Read More »
News
Starlux to add seventh destination in Japan
Starlux Airlines said it planned to start nonstop flights between Taipei Taoyuan and Kumamoto in Japan from September 1. Read More »
News
Hong Kong Airlines to return to Chongqing and Sanya
Hong Kong Airlines said it was resuming nonstop flights Chongqing and Sanya over the next month as it built out its Mainland China network to nine destinations amid growing demand for air travel. Read More »
News
Turkish Airlines headed to Osaka Kansai
Turkish Airlines was starting nonstop flights to Osaka Kansai from its Istanbul hub from December 12, Osaka Kansai Airport said. Read More »
People
Star Alliance has appointed Hawaiian Airlines senior vice president for global sales and alliances, Theo Panagiotoulias, as its new CEO. Read More »
Asia-Pacific Aerospace Briefs Today
Today's briefs report news from ST Engineering and Sydney Airport. Read More »