Overview
This week in Asia-Pacific aviation has undoubtedly been one of the most significant this year. Australia and New Zealand have reported their annual earnings; Malaysia Airlines has unveiled its much-awaited restructuring and the Chinese carriers are bemoaning the yuan’s depreciation. Read More »
Airline News
JAL buys 47 jets from Mitsubishi and Embraer
Japan Airlines (JAL) has signed a firm order with Embraer for a total of 15 E-Jets comprising the E170 and E190 models, in addition to 12 further options, valued at US$677 million at current list prices. Read More »
Airline News
More competition is underway in Indochina. Aviation Corp. of China (AVIC) subsidiary Joy Air has launched Cambodia Bayon Airlines in an effort to tap the country’s fledgling aviation market that has doubled in size since 2009. Read More »
Financial Round Up
Air China siblings widen parent’s drop
Star Alliance member Shenzhen Airlines has followed parent Air China’s lead and posted a significant profit drop of 94% in first-half 2014 to CNY14 million (USD2.3 million) on a 6.8% increase in revenue, while load factor remained constant at 82.2%. Read More »
Airline News
AirAsia Group loss-making as competition increases
AirAsia Group has presented unexpectedly poor performance results for second-half 2014. While the group’s Malaysian subsidiary – AirAsia Malaysia – remained profitable on a small operating margin, all of the group’s overseas affiliates incurred losses. Read More »
Financial Round Up
Vietnam Airlines aims at November IPO
Government-owned Vietnam Airlines is planning to raise 1.5 trillion dong (US$70.8 million) through the sale of a 5% equity stake to public investors, said its president and chief executive, Pham Ngoc Minh. Read More »
People
The International Air Transport Association (IATA) announced the appointment of Rodolfo “Rudy” Quevedo as Director of Safety. On 2 September 2014 Quevedo will join IATA’s Safety and Flight Operations team and will be based in Montreal. He will be responsible for Cabin Safety, Safety Management Systems and Global Aviation Data Management. Read More »
Insider
Qantas Airways chief executive Alan Joyce is planning his exit next year, on his terms, speculates the Sydney Morning Herald. Read More »
Short Takes
Airlines: Hawaiian Airlines has said it sees “a real benefit” from the lower capital costs of the A330-800neo over other models and hopes the aircraft’s additional range could potentially open up new markets for the airline in East Asia. Read More »