Overview
It has been a game changing week for Indonesian aviation as the U.S. Federal Aviation Administration (FAA) restored the country’s Category 1 safety rating, meaning Indonesian carriers may again launch services to the U.S. or codeshare with a U.S. airline. Meanwhile, the reporting season is still in full swing across the Asia-Pacific, producing both winners and losers. Cebu Pacific Air had a fantastic first half, growing its net profit 33% to $164 million, while Cathay Pacific Airways’ first-half earnings slumped 82% and Korean Air’s second quarter loss grew to an astonishing $221 million. In India, GoAir has received its first international route permits and in Dubai Emirates Airline has been praised for its prompt recovery action following the crash landing of EK521 on August 3.
Indonesia regains FAA Category 1 status Read More »
News
Helped largely by a 21% drop in fuel costs, Thai Airways International (THAI) on Monday reported a second quarter net loss of 2.92 billion baht ($84 million), down sharply from a 12.76 billion baht loss in the same period last year. Read More »
News
Japan approves Iberia to join Japan-Europe alliance
Japan's Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has granted an extension of the anti-trust immunity to include Iberia in the joint business between Japan Airlines (JAL), British Airways and Finnair, allowing the four airlines to cooperate commercially on flights between Europe and Japan. Read More »
News
Korean Air posts $216 million second quarter loss
Korean Air, a SkyTeam carrier, this week posted a second-quarter net loss of 251 billion won ($221 million), having grown from a net loss of 169 billion won in the year-ago quarter, despite an improvement in operating profit. Read More »
News
Cathay Pacific’s profits slump
Hong Kong’s Cathay Pacific Airways on Wednesday reported an attributable profit of HK$353 million ($45.5 million) for the first six months of 2016, down 82% year-on-year. Read More »
News
Cebu Pacific hits record high as PAL profit falls away
The two largest airlines in the Philippines – flag carrier Philippine Airlines (PAL) and budget carrier Cebu Pacific Air (CEB) – this week posted their first-half results. Read More »
News
Kunming takes central role in Mainland aviation
It all seems to revolve around Kunming these days. The metropolis in China’s southwest is attracting more and more attention from airlines and visitors. Read More »
News
GoAir awarded maiden international routes, Emirates offers $7,000 compensation per passenger
Mumbai-headquartered budget carrier GoAir has been awarded its first international traffic rights. Read More »
News
Singapore’s Scoot this week confirmed a new four-weekly Singapore-Athens B787-8 schedule starting June 20, 2017, its first true long-haul service. Read More »
People
Airbus and parent Airbus Group have announced the appointment of Luc Hennekens as chief information officer (CIO). Read More »
Short Takes
Airlines: Russia’s Aeroflot has issued a statement saying it is considering conceding its 22 B787 order slots to another carrier. A decision will be made at next week’s board meeting. Read More »
