Orient Aviation Daily Digest November 13, 2020
A look at the week
By Jordan Chong
Boeing's 20-year forecast for aircraft deliveries in China, published this week, represented an important reminder that no matter how bleak the situation is, it is important to consider long-term trends.
Sure, the projections included a decline in wide-body aircraft required, reflecting changing demand for long-haul travel. However, the forecast for total aircraft deliveries to China was up 510 aircraft, or about 6%, from the 2019 report. Read More »
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News
Thai AirAsia secures 35% domestic market share in Thailand
Joint venture, Thai AirAsia, consolidated its position as the largest domestic carrier in Thailand in the September quarter, the LCC’s parent company, Asia Aviation Public Company Ltd (AAV), said this week. Read More »
News
Travellers flock to Hong Kong-Singapore travel bubble flights
There has been an enthusiastic response from the travelling public to establishment of an air travel bubble (ATB) between Hong Kong and Singapore, with tickets for the limited number of seats offered selling fast after the scheme was announced this week. Read More »
News
Boeing raises China market forecast
Boeing this week upgraded its forecast for new commercial aircraft orders from the China market in the next two decades, citing strong demand for air travel despite the near-term challenges posed by the coronavirus pandemic. Read More »
News
Cebu Pacific says balance sheet strong despite short-term losses
Cebu Pacific Air (CEB) said this week its balance sheet was in a strong position to survive the coronavirus pandemic although it reported a net loss of 5.5 billion pesos for third quarter of calendar 2020. Read More »
Short Takes
Capacity at Cathay Pacific and its now-terminated regional wing, Cathay Dragon, went backwards in October as the student travel market dried up and demand for European services dropped rapidly amid a resurgence of COVID-19 cases in the Special Administrative Region. Read More »
People
Air New Zealand (Air NZ) has announced Richard Thomson will return to the company in 2021 as chief financial officer, succeeding Jeff McDowall. Read More »