By Dominic Lalk
It’s been a fast-paced week in Asia-Pacific commercial aviation. In Brisbane, Virgin Australia Group reported a US$500 million net loss for the financial year ended June 30. At the same time, Virgin Australia announced it had converted 10 of its 40 on-order B737 MAX 8s to the larger MAX 10 variant. In the interim, India’s Jet Airways reported a US$198 million first quarter net loss, which prompted the indebted carrier to launch a fresh cost-cutting programme.
Also in the region, Garuda Indonesia will cut flights to London, China Southern Airlines has started taking delivery of three-class B787-9s, Capital Airlines had a serious landing incident in Macau, Qatar Airways will fly its A350-1000s to Singapore and Haneda and Singapore Airlines has signed a major technology deal with China’s Alibaba Group.
Virgin Australia reports US$500 million loss and converts MAX order Read More »