Overview
The focus in Asia-Pacific aviation this week was on traffic between the Mainland and the United States. Saying the trans-Pacific market represented “low hanging fruit”, Dr. Zhihang Chi, Air China vice-president North America, prompted TWIAPA to take a closer look at the latest developments on both sides of the Pacific. In Thailand, the local carriers remain concentrated on meeting the critical June 2 deadline to conform to the International Civil Aviation Organization’s safety regulations otherwise they risk being issued with a costly downgrade. In Hong Kong, Cathay Pacific Airways hopes to cash in on the recent cargo recovery, while in Japan at All Nippon Airways and Japan Airlines significant earnings chart the way for expansion.
Asia-Pacific carriers look east for growth Read More »
Airline News
Thai carriers determined to meet ICAO standards
Thai Airways International (THAI) president, Charamporn Jotikasthira, has defended the carrier's $40 million baht ($1.22 million) decision to hire U.S.-based consultancies, Bain & Company and L.E.K.. He said THAI needed their expert advice to quickly map out a reform plan after seven quarters of consecutive operational losses. Read More »
Airline News
Cathay looks into profitable future
Ivan Chu, chief of Hong Kong’s Cathay Pacific Airways, is optimistic about the airline’s long-term profit delivery to shareholders, four years after the last decade-long run ended. Read More »
Airline News
Air India struggles with the B787, Jet eyes fleet sell-off
Last month, the U.S. Federal Aviation Administration (FAA) restored India’s safety rating to Category 1, meaning it complies with the international safety standards set by the International Civil Aviation Organization (ICAO), 15 months after India’s latest downgrade in January 2014. Read More »
Airline News
Korea: “Nut Rage”, Kumho, Jeju
New details have emerged in the “nut rage” scandal at Korean Air, which suggested the airline was well-aware of former executive Heather Cho’s behavioural escapades as indeed it trained for them. Read More »
Financial Round Up
Japan’s legacy carriers report profits
All Nippon Airways’ (ANA’s) annual net profit more than doubled, to 39.2 billion yen ($330 million), for the year ended March 31, logging record revenue as expansion at Tokyo’s Haneda airport boosted its international network. Read More »
Financial Round Up
Hawaiian back to first-quarter profit
Hawaiian Airlines parent, Hawaiian Holdings, posted a 2015 first-quarter net profit of $25.9 million, which reversed a $5.1 million net loss in the year-ago quarter. Read More »
People
New Fiji CEO
Nadi-based Fiji Airways is set to appoint Peter Hill as its new chief executive after former boss, Stefan Pichler, left the carrier in February to lead airberlin. Read More »
Short Takes
AIRLINES: Low-cost carrier Air Arabia Jordan, a joint venture between Jordan’s Petra Airways and Sharjah-based Air Arabia, will commence operations from Amman’s Queen Alia International Airport on May 19. Read More »
