Orient Aviation February 2015
TAIWAN’S TRANSIT BONANZA
Ban to go on Mainland onward travel predicts China Airlines chairman, Huang-Hsiang Sun
• Fuel fall fires up profits
• Skymark enters bankruptcy protection
• Haneda airport welcomes first LCC – Peach Aviation
• SPECIAL REPORT: OEMs winning MROs’ business
Cover Story
As he watched China Airlines’ (CAL) first B777-300ER fly out of Taipei to Los Angeles last December, the CAL chairman and airline veteran, Huang-Hsiang Sun, must have been relieved that some good news was finally coming the carrier’s way after a punishing 12 months. Read More »
Main Story
Airline profit expectations for the coming year have become more positive, consistent with improvements in the industry’s recent performance, with only the Asia-Pacific reporting slower growth. Read More »
Special Report: MRO Asia-Pacific update
Manufacturers winning battle for MRO business
When India’s newest airline, the Singapore Airlines (SIA)-Tata joint venture full-service carrier, Vistara, entered the country’s skies in January little attention was paid to a critical aspect of its fledgling operations, the maintenance of its 20-strong fleet of leased A320s. Read More »
News Backgrounder
SpiceJet’s woes may not be over, but the widely expected deal that will see one of the carrier’s founders returned to full ownership and control of the airline could not have been better timed. Read More »
News Backgrounder
AirAsia crash prompts regional regulatory review
The crash of Indonesia AirAsia flight QZ8501 on December 28, the third accident involving Southeast Asian carriers in nine months, dealt another body blow to the air safety reputation of the region’s airlines. Read More »
News Backgrounder
ICAO examines new tracking rules
At an International Civil Aviation Organisation (ICAO) safety conference in Montreal this month, the organization is expected to decide if it should introduce new regulations that require the world’s airlines to operate a standardised global aircraft tracking system. Read More »
News Backgrounder
Government opens Haneda to local LCCs
Japan’s low-cost carrier (LCC), Peach Aviation, will notch up another victory when it becomes Japan’s first LCC to offer international flights from Tokyo’s downtown airport, Haneda. Read More »
News Backgrounder
Skymark appoints new president after airline enters bankruptcy protection
In a dramatic turn of events for Japanese aviation, internet entrepreneur and president of Skymark Airlines, Shinichi Nishikubo, faced the inevitable and resigned from the carrier on January 29, 18 hours after the airline announced it would file for bankruptcy protection. Read More »
Comment
The travelling public is expecting the dramatic decrease in the oil price should quickly be passed onto them in the form of lower airfares, as cautiously predicted by the International Air Transport Association. Read More »
Regional Round-Up
AirAsia’s Fernandes wants single Asean regulator
As news becomes available about the contents of Indonesia AirAsia QZ8501’s flight and voice recorders, AirAsia Group boss, Tony Fernandes, has joined in calls for changes to the region’s air safety systems. Read More »
Regional Round-Up
Thai Airways International (THAI) president, former Stock Exchange of Thailand president, Charumporn Jotikasthira, has announced a two-year recovery plan that will eliminate loss-making domestic and international routes, sell off 22 older aircraft by July, but only involve staff redundancies as a last resort. Read More »
Regional Round-Up
Korean LCCs control 50% of local air traffic
For the first time in their operating history, South Korean budget carriers held more than 50% of the country’s domestic market last year, attracting 51.25%, or 24.4 million, domestic travelers in 2014, said the Korean Airports Corporation (KAC) in a January report. Read More »
Regional Round-Up
Flag carrier, Korean Air (KAL), plans to sell off 44 airplanes, mainly B747s, by 2017 as part of efforts to reduce a multi- billion dollar debt that is forecast to increase when the company announces its final quarter results this month. Read More »
Regional Round-Up
China tops chart for MRO growth
Global MRO forecasters predict China will lead the region in MRO business in the next decade with the Asia-Pacific continuing its role as the industry’s growth engine, with an annual growth rate of 5% a year compared with a global average of 4.2%. Read More »
Regional Round-Up
Air New Zealand CEO, Christopher Luxon, was presented with the 2014 Orient Aviation Person of the Year award at a gala reception, sponsored by Airbus, in Auckland last month. Read More »
Business Digest
Asia-Pacific passengers still trailing capacity growth
Spurred by robust regional trade, which boosted business travel markets, Asia-Pacific airlines carried 21.8 million international passengers in October, an increase of 6.1% compared with the same month last year. Read More »