The most trusted source of Asia-Pacific commercial aviation news and analysis


SEPTEMBER 2018

Week 36

Orient Aviation’s Week in the Asia-Pacific

By Dominic Lalk

The focus was on India this week in Asia-Pacific commercial aviation. At the International Aviation Summit in New Delhi, IATA urged the Indian government to update its aviation infrastructure and policies to meet demand growth. In the interim, New Delhi agreed to inject another US$140 million into embattled Air India, Jet Airways announced five new domestic routes, Vistara aims to cut costs and GoAir unveiled its maiden international destinations.

Also in the news, AirAsia Group cancelled the establishment of AirAsia China but reported a second quarter group net profit of US$76 million despite troubles at Indonesia AirAsia and Thai AirAsia. THAI this week welcomed Sumeth Damrongchaitham as its new president who must revise the carrier’s survival plan. Air China has sold its cargo unit for US$358 million and the Hainan Airlines Group announced a US$80 million first half profit and a new president.

IATA urges India to modernize its aviation industry policies Read More »

 

News

AirAsia China MoU has “lapsed”

Malaysia’s AirAsia Group has ceased negotiations with potential joint venture partners in China and has said the launch of AirAsia China would not go ahead as announced in May 2017. Read More »


 

News

New THAI president to revive turnaround plan

Sumeth Damrongchaitham formally took up the position of Thai Airways International (THAI) president on Monday, replacing acting president, Usanee Sangsingkeo. Read More »


 

News

Air China sells cargo unit for US$358 million

Air China, has announced plans to sell its 51% shareholding in Air China Cargo to sister unit, Capital Holding, for US$358 million amid uncertainties in international trade and cutthroat competition. Read More »


 

News

Hainan Airlines reports US$80 million first-half profit, eyes Virgin Australia sale

China’s Hainan Airlines Group has posted a first-half net profit of CNY548 million (US$80 million), a decline from the CNY1.15 billion attributable net profit reported in the same period last year. Read More »


 

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News

China’s CIB Leasing converts CRJ order to 90-seater Q400

Bombardier Commercial Aircraft and Industrial Bank Financial Leasing Co., Ltd (CIB Leasing) this week agreed to convert an order for 10 Bombardier CRJ Series aircraft to five 90-seater Q400 turboprops and five CRJ900 regional jets. Read More »


 

News

Osaka Kansai Airport severely damaged in typhoon

Osaka Kansai International Airport (KIX) was severely damaged this week as Typhoon 21 – otherwise known as “Jebi” – swept across the airfield. Read More »


 

News

AirAsia Group posts US$76 million second quarter net profit

AirAsia Group, which for accounting purposes includes AirAsia Berhad in Malaysia, Thai AirAsia, Indonesia AirAsia and Philippines AirAsia, has posted a second quarter net profit of MYR315 million (US$76 million), up 125% year-on-year. Read More »


 

People

Tony Tyler joins Qantas board

Former International Air Transport Association director general and also former Cathay Pacific Airways CEO, Tony Tyler, will join the board of Australia’s Qantas Airways as a non-executive director in October, subject to shareholder approval. Read More »


 

People

Singapore Airlines appoints David Gledhill to board

Singapore Airlines (SIA) has announced the appointment of David Gledhill to the airline’s board as an independent non-executive director from September 1. Read More »


 

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Shorttakes

MRO: Hong Kong Aircraft Engineering Company (HAECO) has entered into a long-term agreement with Astronics Connectivity Systems and Certification to establish a centre in Xiamen, in China’s Fujian province to offer Astronics and its airline customers with Line Replaceable Units services on the Mainland and in the wider Asia-Pacific. Read More »