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Week 40

Orient Aviation Daily Digest October 2, 2020

A look at the week in the Asia-Pacific

By Jordan Chong

Hearing the process of re-certifying the Boeing 737 MAX had entered the “home stretch” was welcome news this week.

Operators of the 737 MAX were forced to ground the aircraft type in March 2019, following two fatal crashes that left 346 passengers and crew dead.  

Boeing also has paused deliveries of the type, leading to built 737 MAXs being parked all across the U.S. Read More »


Daily Digest

Orient Aviation Daily Digest: Cebu Pacific (CEB) going to market to raise US$500 million

October 8, 2020

  • Leading Philippines carrier, Cebu Pacific (CEB), announced today it intends to raise US$500 million in fresh capital to strengthen its balance sheet and ensure it was “well-positioned to recover from the impact of COVID-19”. The LCC said the capital raising would be US$250 million from an issue of new convertible preferred shares and US$250 million from a sale of convertible bonds. "We need to create a longer runway for CEB to continue to provide affordable and accessible air transport services," President and CEO of Cebu Pacific and JG Summit Holdings, Lance Gokongwei, said. Read More »


Daily Digest

Orient Aviation Daily Digest: AirAsia X experiencing “severe liquidity constraints”, appoints new deputy chairman to lead debt restructuring

October 7, 2020

  • AirAsia X said yesterday it was working to restructure its debt and revise its business plan ahead of a planned equity raising to overcome "severe liquidity constraints" amid the coronavirus pandemic. Read More »


Daily Digest

Orient Aviation Daily Digest: AirAsia Japan to close with immediate effect

October 6, 2020

  • AirAsia Japan has become the latest airline to succumb to the coronavirus pandemic after its owner ceased operations last night. Read More »


Daily Digest

Orient Aviation Daily Digest: Malaysia Airlines could need government funding to meet future creditor commitments

October 5, 2020

  • Malaysia Airlines Berhad (MAB) said in a statement last Friday it had "reached out to its lessors, creditors and key suppliers recently" as it worked through an urgent restructuring exercise. Read More »



Garuda reports 55% month-on-month passenger growth in August

Garuda Indonesia said this week passenger numbers improved for a third straight month in August, in line with the relaxing of travel restrictions in the country. Read More »



FAA says 737 MAX recertification in “home stretch”

U.S. Federal Aviation Administration administrator, Steve Dickson, said this week the process of re-certifying the grounded 737 MAX was on the "home stretch". Read More »



Air NZ CEO welcomes strong domestic rebound

Air New Zealand (Air NZ) CEO, Greg Foran, said this week the airline's domestic network had rebounded strongly from the recent lockdown in Auckland as business people returned to the air and other travellers snapped up cheap tickets. Read More »



IATA’s new forecast warns of darker near term outlook

International Air Transport Association (IATA) director general and CEO, Alexandre de Juniac, said this week airlines faced a grim northern winter as travel restrictions kept demand hugely depressed in August. Read More »



Qatar Airways Cargo has appointed Kirsten de Bruijn as senior vice president of cargo sales and network planning. Previously, de Bruijn was vice president of cargo, pricing and interline at Emirates SkyCargo. She replaces Peter Penseel, who left for a role at Ceva Logistics. Read More »


Short Takes

Bamboo Airways this week became the first Vietnamese carrier to operate Embraer E-jets. The new airline, which began flying in January 2019, has two 118-seat E195 aircraft on lease from Denmark's Great Dane Airlines. Read More »