Overview
Reporting season is back and most Asia-Pacific carriers have produced encouraging results. SIA’s Q1 profit almost tripled, but the Singapore carrier surprised with releasing seven A350 production slots back to Airbus. In Japan, ANA’s improved results were again dwarfed by JAL’s impressive $263 million first-quarter performance. However, the biggest surprise this week came from China, where China Eastern sold a minority stake to U.S. carrier Delta. Meanwhile, MH370, arguably the greatest aviation mystery of all times, could be close to being solved as investigators said the flaperon found on Reunion Island was “most likely” from a B777…
Delta’s surprise investment in China Eastern Read More »
Airline News
MH370 found? MAS delays fleet decision
Malaysian Prime Minister, Najib Razak, last Friday said the flaperon washed ashore on Reunion Island was “very likely” from a B777. "This is the first positive sign that we have located part of [MH370]," added Julie Bishop, Australia's foreign minister. Read More »
Airline News
SIA releases 7 A350s, Q1 profit triples
Singapore Airlines (SIA) has agreed to a request from Airbus to release seven of its A350-900 orders “in a series of adjustments to orders and deliveries to meet the immediate needs of the airline and the plane maker,” it said in a statement last week. This reduces SIA’s A350 order book to 63. Read More »
Airline News
SpiceJet looks at fleet renewal, Qatar denies interest
Indian low-cost carrier SpiceJet is in talks with Airbus and Boeing to purchase up to 100 new A320neo and B737 MAX aircraft as it looks to rebuild its business after almost collapsing last December, its chief financial officer, Kiran Koteshwar, told Reuters. Read More »
Airline News
Garuda back in the black, announces CFM partnership
Garuda Indonesia has returned to profitability in first-half 2015, posting a net profit of $27.7 million for the six months ended June 30, reversing a significant $203 million loss in the year-ago period. Read More »
Airline News
ANA and JAL double their Q1 profits
ANA Holdings has reported a net profit of 8.3 billion yen ($67 million) for first-quarter 2015, more than doubled from 3.4 billion yen in the year-ago period. The group’s mainline carrier, All Nippon Airways (ANA), said it was maintaining demand levels in its domestic network, despite new challenges from Japan’s high-speed rail system. Read More »
People
Boeing appoints new B787 chief
Mark Jenks will replace Larry Loftis as vice-president and general manager of the B787 program. Jenks served as vice-president of the B787 development unit prior to this appointment. Read More »
Short Takes
TRAINING: Boeing and Vietnam Airlines have struck a five-year exclusive pilot-training agreement to support the flag carrier’s B787 operations. Under the agreement, Boeing Flight Services will provide flight training for the airline’s new B787 Dreamliner fleet at Boeing’s Singapore training campus. Read More »
