Orient Aviation Daily Digest, February 3, 2021
By Jordan Chong
News
Qantas boss says ultra-long haul flights still in group’s game plan
Qantas Group CEO, Alan Joyce, said overnight the airline had not given up mounting ultra-long-haul nonstop flights to London, New York and elsewhere from Australia's east coast. Read More »
News
Philippine Airlines announces 30% cut in workforce
Philippine Airlines (PAL) said yesterday it would eliminate 2,300 jobs, representing 30% of the company's workforce, in a series of “voluntary separations and involuntary retrenchment”, following a comprehensive system-wide review of the company’s operations. Read More »
News
China Eastern Airlines reveals plan to raise US$1.68 billion
China Eastern Airlines (CEA) said in a regulatory filing yesterday it planned to raise up to 10.828 billion yuan (US$1.68 billion) in fresh capital with the issue of 2,494,930,875 new shares, at 4.34 yuan per share, to CEA Holding. Read More »
News
Industry forecasts net losses to decline in 2021 IATA reports
The International Air Transport Association's (IATA) said overnight 52% of respondents to its January 2021 business confidence survey expected net losses to diminish in the next 12 months. Read More »
News
Boeing announces MAX 10 first delivery won’t happen until 2023
Boeing has delayed first delivery of its 737 MAX 10 narrow-body by two years, to 2023, the company's 2020 annual report, published on Monday, has revealed. Additionally, the 737 MAX 7's first delivery will be this year rather than in 2020. Read More »
News
Indonesia expects Sriwijaya Air preliminary accident report next week
Indonesia’s National Transportation Safety Committee (KNKT), told Reuters news agency yesterday five components of the Sriwijaya Air 737-500 that crashed into the Java Sea after take-off from Jakarta on January 9 have been sent to its counterparts in the UK and the U.S. for additional analysis. Read More »