Overview
More revelations about the fatal TransAsia Airways ATR76-600 accident on February 4 have renewed focus on the country’s air safety record and air safety across the region as traffic volumes and fleets increase. In Hong Kong, the Air Transport Licensing Authority’s (ATLA) hearing into Jetstar Hong Kong’s application for an Air Operator’s Certificate concluded. Read More »
News
LCCs keep AOT on growth trajectory as THAI struggles
Air traffic at Thailand’s six main airports, operated by Airports of Thailand (AOT), climbed 2.5% to a record 90.53 million passengers last year as LCCs continued their aggressive expansion, unfazed by the country’s political crises and airport capacity shortages. Read More »
Airline News
Heather Cho found guilty, Korean Air debt soars
Korean Air senior executive, Heather Cho Hyun-ah, daughter of Korean Air chairman, Cho Yang-ho, was found guilty of breaking aviation law when she ordered an Incheon-bound Korean Air A380 to return to the gate at New York’s John F Kennedy Airport on December 5. Read More »
News
Qatar Airways – IndiGo deal imminent?
Last week, a Delhi meeting between Qatar Airways chief, Akbar Al-Baker, and IndiGo’s majority-owner, Rahul Bhatia, sparked speculation that a deal for a Qatar Airways stake in LCC, IndiGo, was imminent. Read More »
News
Asiana returns to profit, orders 25 A321s
South Korea’s second international carrier, Asiana Airlines, has announced a $2.83 billion order for 25 A321neo aircraft. Read More »
News
UPDATED: Jet Airways reports small profit in midst of restructuring
Mumbai-based Jet Airways will receive the ten B787-9s it ordered in 2006 in financial year 2017-2018. Boeing and Jet Airways have corrected a news article in India’s Business Standard that said the new aircraft were slated for delivery starting next year but had been deferred by Jet to 2017-2018.
The below statement from Abhijit Dasgupta, vice-president planning and alliances at Jet Airways, that appeared in the Indian newspaper has been clarified to have been misquoted. “We are looking at more or less a flat fleet. We do have some lease expiries coming up, which we are deciding to either extend or replace. Broadly, we are not looking at any substantial growth in our fleet. We have nothing in the order book for the next two to three years.”
Jet Airways is proceeding through a turnaround, which includes debt restructuring, cost reduction through contract re-negotiations and process improvements and network rationalization. Last week, Jet Airways chief, Cramer Ball, said the rehabilitation plan had begun to pay off after the carrier posted a $0.5 million profit for the third quarter, ended December 31. It was its first profitable quarter in three years.
News
Profit outlook improves, SIA unveils new premium economy cabin
In its third quarter ended December 31, profit at the Singapore Airlines (SIA)Group soared 305%, to $203 million, boosted by a $120 million gain from the conversion of Tigerair into a subsidiary. Read More »
Financial News
Hawaiian increased profit in 2014
Hawaiian Airlines reported a 2014 net income of $68.9 million, up 33% from a net income of $51.9 million in 2013. Read More »
People
ANA announces new CEO and chairman
Shinya Katanozaka, 59, will succeed Shinichiro Ito as president and chief executive officer (CEO) at ANA Holdings on April 1. Katanozaka is senior executive vice president at the airline group. Read More »
People
Pierre Beaudoin, grandson of Bombardier founder Joseph-Armand Bombardier, has stepped down as chief executive at the Montreal-based manufacturer. Read More »
People
CFM International last week announced the appointment of François Bastin as the company’s newest executive vice president. Read More »
Short Takes
Codeshares
SriLankan Airlines will add its ‘UL’ designator on Jetstar Asia’s services from Singapore to Bangkok, Darwin, Ho Chi Minh City, Kuala Lumpur, Perth and Phuket, from April 5. Read More »