Overview
A majority of Asia-Pacific carriers returned to profitability in the first quarter of this year on the back of lower oil prices. But there were some losers too. Ironically, those who had prudently sought to reduce risk by hedging have been hurt.
The hedging game Read More »
Airline News
In focus: Safety in Thailand and South Korea
Officials from the Civil Aviation Administration of China (CAAC) last week performed ad hoc inspections of NokScoot, Orient Thai Airlines, City Airways, and R Airlines to determine the accuracy of their MRO records and procedures. Read More »
Airline News
Tigerair Philippines rebrands, PAL eyes A340 replacement
Tigerair Philippines, which was acquired by Philippine budget carrier Cebu Pacific Air (CEB) in March last year for $15 million, has been rebranded as Cebgo to better reflect the airline’s relationship with its parent company. Read More »
Airline News
Analysts downgrade Cathay, industrial action averted?
HSBC last week became the third financial powerhouse to downgrade Cathay Pacific Airways’ stock from buy to hold, despite the airline’s 20% profit boost in the 2014/15 fiscal year reported in March. Read More »
Airline News
Singapore MRO Digest, Vector opens new MRO centre
Singapore last week strengthened its position as the region’s premier maintenance hub, with global MRO expert, Vector Aerospace Corporation, announcing the opening of a $50 million turboprop facility operated in conjunction with the Republic Polytechnic of Singapore under a three-year Memorandum of Understanding. Read More »
Financial Round Up
Thai Airways International (THAI) has posted a first-quarter net profit of 4.54 billion baht ($139 million), reversing a 2.63 billion baht loss reported in the year-ago period, and reducing losses of 29.6 billion baht accumulated over the past seven quarters. Read More »
Financial Round Up
Singapore Airlines Q1 profit boost
Singapore Airlines (SIA) said its fourth quarter net profit surged 47% year-on-year, to S$39.6 million, ($30.05 million) on revenue of S$3.88 billion, up from S$3.63 billion, as its fuel bill declined, but warned of a tough outlook due to stiff competition, particularly in the Americas and Europe. Read More »
People
Emirate’s Maurice Flanagan dies, aged 86
Emirates’ founding father and one of the world’s leading aviation figures, Maurice Flanagan, died last week at age 86. Read More »
Short Takes
AIRLINES: Air India has opened talks with Airbus over a planned order for 14 A320neo to replace its ageing fleet of ex-Indian Airlines A319/320s. China’s Juneyao Airlines plans to float an initial public offering on the Shanghai Stock Exchange on May 19 to raise up to 715 million yuan ($115 million) to acquire new aircraft and engines. Vietnam Airlines’ first B787-9 has left the Boeing paint shop at Paine Field and is now undergoing pre-flight testing. Read More »
