Orient Aviation Daily Digest September 2, 2024
By Ryan Chase
News
Cathay Pacific to buy back warrants from Hong Kong government
Cathay Pacific has reached an agreement with the Hong Kong Special Administrative Region (HKSAR) government to purchase warrants, at an estimated value of HK$1.5 billion (US$196 million), that were issued early in the pandemic. Read More »
News
AirAsia parent, Capital A, reports interim 2024 loss
Capital A, parent company of AirAsia group airlines, has recorded a net loss of 545.7 million ringgit (US$126 million) for the six months to June 30 compared with net profit of 703.4 million ringgit in first half 2023. Read More »
News
SpiceJet stands down 150 cabin crew
India LCC, SpiceJet will furlough 150 cabin crew for three months during the coming low season travel period to improve its financial position. Read More »
News
IndiGo launching daily Benguluru-Jeddah
IndiGo is starting nonstop Jeddah in Saudi Arabia to the heart of India's technology sector, Bengaluru, from September 30. Read More »
News
Steady demand growth narrows China Eastern Airlines losses
China Eastern Airlines (CEA) has reported a net loss of 2.8 billion yuan (US$390 million) for the six months to June 30 compared with a 6.3 billion yuan net loss a year ago. Read More »
News
Malaysia Airports doubles net profit in first half
Malaysia Airports Holdings (MAHB) has reported its net profit more than doubled, to 395.8 million ringgit (US$92 million), in the six months to June 30 from 160.7 million ringgit in the same months in 2023. Read More »
News
Orient Aviation associate editor and chief correspondent, Tom Ballantyne, details scores of reporting firsts - and a few career missteps - in his latest book, Flying High and Low: A Reporter’s Journey. Read More »
People
Cathay Pacific has announced Zhang Zhuo Ping has resigned as a non-executive director of the company to take up a new role as senior advisor with John Swire & Sons Limited in China. Read More »
Asia-Pacific Aerospace Briefs Today
Today’s briefs report news from China Development Bank Financial Leasing Co, IndiGo, Menzies, Recaro Aircraft Seating and SATS Group. Read More »