Overview
It has been another “China week” in Asia-Pacific aviation as the Mainland’s anti-graft watchdog clamped down on corrupt CAAC, AVIC, COMAC, as well as Air China and China Eastern Airlines officials. Meanwhile, there has been a persistent rumour about Air China and China Southern Airlines discussing a potential merger. In the interim, HNA Group continued its global shopping spree for equity and influence after signing a $2.4 billion deal with Rolls-Royce as news transpired it was close to buying a majority stake in Manchester Airport.
Anti-graft campaign reaches CAAC, Air China and other Mainland heavyweights Read More »
Airline News
No deal on cross-straits liberalization
Beijing and Taipei held ministerial talks in Guangzhou last week on transport, trade and other issues, but reached no consensus on letting Mainland passengers transfer in Taiwan en route to and from foreign destinations, particularly the lucrative North American market. Read More »
Airline News
Boeing profit skyrockets in Q3
Boeing’s Commercial Airplanes has reported company-wide 2015 third-quarter net income of $1.7 billion, up 25.1% year-on-year, with revenue increasing 9.8% to $17.69 billion on “higher delivery volume and mix,” Boeing said. Read More »
Airline News
Xi visits UK, Rolls-Royce signs $2.4 billion deal with HNA
Following his visit to the U.S. last month, resulting in $38 billion of new aircraft orders and Boeing’s first plant in China, Chinese President, Xi Jinping, was in the UK this week accompanied by a 150-member business delegation, including the chiefs of major finance, infrastructure and aviation firms. Read More »
Airline News
Mainland lessors: Avolon-Bohai merger approved, BOC to list in HK
The shareholders of Ireland-based Avolon Holdings have agreed to the planned merger with China’s Bohai Leasing, expected to be completed by first-quarter 2016. Read More »
Airline News
Rumour: Air China – China Southern merger; Big Three predict record Q3 profits
Shares of Mainland flag carrier Air China and the country’s largest carrier, China Southern Airlines, gained more than 8% Thursday after rumours suggested the two state-owned carriers might merge. Read More »
Airline News
Report: Delta looking to acquire ex-SIA 777s for Asian growth
Delta Air Lines chief, Richard Anderson, made the headlines last week, and sent the shares of Airbus and Boeing temporarily tumbling, after he warned of a surplus of second-hand widebodies, raising concerns about manufacturer ability to command good prices for new aircraft. Read More »
Airline News
Asiana Airlines, South Korea's second-largest carrier, on Monday said it had submitted an official request to the government to launch Air Seoul, its second budget offshoot, following Air Busan, to be based at Incheon International Airport, Yonhap News Agency reported. Read More »
Airline News
AOC: Overcrowding endangers safe operations at Suvarnabhumi
A group of 86 carriers and 26 aviation service providers, the Airline Operators Committee (AOC), is urging Thai authorities to impose an immediate ban on new flight schedules out of Bangkok’s Suvarnabhumi, as further “overcrowding” could result in accidents, the Bangkok Post has reported. Read More »
Financial Round Up
Vietnam Airlines posts $58 million profit
National carrier Vietnam Airlines has reported 1.3 trillion dong ($58 million) in profit in the first nine months of the year on 52.5 trillion ($2.36 billion) dong in syndicated revenue. Read More »
Financial Round Up
Hawaiian Airlines has reported $78.4 million in adjusted net profit, or $1.29 per diluted share, for the third quarter ended September 30, based on lower fuel prices and robust demand. Read More »
Short Takes
AIRLINES: AirAsia Japan president, Yoshinori Odagiri, said the carrier would build up its fleet to 20 aircraft over four years, with a view to serving China. Read More »
