Overview
Word has it IndiGo’s record-breaking $26 billion order for 250 A320neo jets will be firmed up as early as this Wednesday, a senior executive familiar with the deal has told This Week in Asia-Pacific Aviation.
“We’re still working on some minor additions and revisions to the deal, but we’re pretty much set. We’re aiming at final closing by Wednesday, October 29.” Read More »
Airline News
Row over Jetstar Hong Kong AOC continues as city government amends framework
Cathay Pacific Airways (CX) is refusing to drop its opposition to Jetstar Hong Kong because it believes the grounded low-cost carrier (LCC) remains a “branch office of Qantas” and fails to meet the legal definition of a local entity needed to obtain an air operator’s certificate (AOC). Read More »
Airline News
Aussie airlines talk change, for better or worse
Qantas Airways has reached a four-year pay deal with its aircraft engineers, which includes an 18-month wage freeze, followed by annual increases of 3%. Read More »
Financial Round Up
Hawaiian Airlines sees third-quarter profit gains
Hawaiian Airlines has recorded a net profit of $35.6 million for the third quarter. Excluding special items, its adjusted net income in the quarter was $49.5 million, up $12.7 million year-on-year. Read More »
Airline News
Boeing profit up, but Dreamliner remains critical drag
Boeing has reported a third-quarter net income of $1.36 billion, up 18% or $200 million, compared to the same period a year ago. Read More »
Financial Round Up
Privately-run mainland low-cost carrier Spring Airlines has received regulatory blessing to launch an initial public offering to fund its rapid fleet expansion. Read More »
Financial Round Up
Kuwait-based Al Jazeera Airways has announced a net profit of KWD8.1 million ($28 million) for the third quarter, up 22.6% from the same period last year. Read More »
Short Takes
Cargo: International air freight volumes are expected to grow at a five-year 4.1% compound annual growth rate (CAGR), according to IATA’s Airline Industry Forecast for 2014-2018. Read More »
People
Auckland Airport has announced the appointment of Norris Carter as its new General Manager, Aeronautical Commercial. Read More »
