Overview
It has been a good week for Asia-Pacific aviation as Juneyao Airlines is reportedly joining Star Alliance as a connecting partner, and South Korea’s Eastar Jet confirmed its membership in the U-FLY Alliance. In Kuala Lumpur, MAB appointed Arved von zur Muehlen as its new CCO and the AirAsia Group is looking to sell its leasing arm, Asia Aviation Capital, for up to $1 billion. In Jakarta, Garuda Indonesia posted a first half loss as the flag carrier moved into the new Terminal 3 at Soekarno-Hatta International Airport. In Taiwan, shockwaves rippled across the LCC segment as V Air announced its suspension, also casting doubt over Tigerair Taiwan’s future.
Juneyao confirmed as Star CPM member? Read More »
News
MAB appoints new CCO and AirAsia eyes $1 billion sale of AAC
Malaysia Airlines Berhad (MAB) on Monday announced it has appointed Arved von zur Muehlen as CCO, effective Sept. 5, succeeding Paul Simmons who will be leaving in mid-September. Read More »
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Garuda posts first half loss and Soekarno-Hatta opens new terminal
Garuda Indonesia has posted a $63.2 million net loss for the six months ended June 30, reversing a $29.3 million profit in the year-ago period. Group revenues during the first half were down 4.1% year-on-year, despite a 4.4% growth in passenger numbers, resulting in a significant 10.2% yield decline. Read More »
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ANA, JAL report first quarter profit drops
Japan’s two major international carriers – All Nippon Airways (ANA) and Japan Airlines (JAL) – have posted significant first-quarter net profit drops amid the recent terrorist attacks in Europe, China’s economic slowdown and the Kumamoto earthquake in April. Read More »
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IndiGo considers neo deferrals and Nepal Airlines to deploy A330s to Japan and Korea
The A320neo continues making the headlines, but only for negative reasons. Read More »
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Eastar joins U-FLY and Asiana Airlines back in the black
South Korean budget carrier Eastar Jet has joined the U-Fly Alliance, becoming the fifth member alongside HK Express, Lucky Air, Urumqi Air and West Air. Read More »
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Taiwanese low-cost carrier V Air will suspend all operations from October 1, less than two years after its launch. Read More »
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Joyce doesn’t want remaining A380s
"Our intention is that we're not taking those aircraft," Qantas Airways CEO, Alan Joyce, has told an aviation conference in Brisbane, referring to the remaining eight A380s the airline has on order. Read More »
Short Takes
Airlines: Cebu Pacific Air has again selected Rolls-Royce’s Trent 700 to power its latest order for two additional A330-300s. The deal includes a long-term TotalCare services contract. Qatar Airways has increased its shareholding in British Airways parent, IAG, by 4.34%, thus bringing its total stake to 20.01%. Read More »
