Overview
Gulf onslaught continues
This week in Asia-Pacific aviation has been dominated by bullish statements from the Gulf’s “Big Three” about new markets, new aircraft and new stakes and alliances – or not.
‘Good things come to those who wait’, Qatar Airways (QR) chief executive Akbar Al Baker might have been thinking when he finally took delivery of the first of ten A380s his airline has on order. Read More »
Airline News
State-owned Air India has said it plans to cut the number of unprofitable routes to 19% of its overall network at the end of the current financial year, after reducing the number from 38% at the end of FY2013-14 and 60% two years ago, reports India’s Business Standard. Read More »
Airline News
IndiGo cuts $2.6 billion finance deal with ICBC
Indian low-cost carrier (LCC) IndiGo has signed a $2.6 billion deal with China’s Industrial and Commercial Bank of China Ltd. (ICBC) for the financing of more than 30 new Airbus A320, the Gurgaon-based carrier said. Read More »
Airline News
IATA: Q3 cargo market continues improving
The International Air Transport Association (IATA) has released its Q3 2014 Cargo Market Analysis. Read More »
Financial Round Up
Juneyao outperforms China’s “Big Three”, goes public
China’s ‘boutique’ budget airline Juneyao Airlines has broken the trend of dwindling profits and losses at the mainland carriers in first-half 2014. Read More »
People
Malaysia Airline System Bhd. (MAS) has extended Ahmad Jauhari Yahya’s contract as managing director and chief executive officer by one year until September 19, 2015. Read More »
People
The group of taipan Lucio Tan (LT Group) has officially taken back full control of Philippine flag carrier Philippine Airlines (PAL) after paying $1.3 billion to San Miguel Corp. Read More »
People
Hogan handpicks ‘New Alitalia’ CEO and CCO
Sweeping changes have arrived at Alitalia after Etihad Airways’ 49% equity investment in the struggling flag carrier. Read More »
Short Takes
Airlines: Air India has suspended a pilot and 10 cabin crew for habitually showing up late for work and delaying, amongst others, flight AI144 from Newark to Mumbai by over two hours on September 13. Apsara International Air, a new start-up financed by Chinese investors, has received its AOC and plans to commence domestic services out of Phnom Penh later this month using an A320. Read More »
