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Week 5

Orient Aviation Daily Digest February 5, 2021

A look at the week

By Jordan Chong

Two forecasts published this week highlighted the enduring impact of COVID-19 on the global aviation industry more than a year after the first positive cases emerged from Wuhan in central China.

Firstly, SIA Group said in its third quarter financial results, which showed a net loss of S$141.8 million (US$106 million), that total passenger capacity would reach 25% in April of levels before the outbreak of the coronavirus pandemic.

To put the forecast in perspective, in December 2020 Singapore Airlines, SilkAir and Scoot's combined capacity, measured by available seat kilometres (ASK), was 18.7% of ASK operated by the group a year earlier. Read More »



SIA Group “expects measured expansion” in coming months

SIA Group (SIA) yesterday reported a net loss of S$141.8 million (US$106 million) for the three months to December 31, 2020, compared with a net profit of S$314.8 million 12 months ago. Read More »



Vietnam’s Bamboo Airways leases E190s from CDB Aviation

Aircraft lessor, CDB Aviation, said this week it expected to deliver all four Embraer E190 regional jets to customer Bamboo Airways by June 2021. Read More »



Air New Zealand launches cargo route to Guangzhou

Air New Zealand (Air NZ) this week opened a new cargo route with the first of three 787-9 cargo flights between New Zealand and Guangzhou in southern China. Read More »



Cebu Pacific appoints two independent board directors

Cebu Pacific informed the Philippines Stock Exchange yesterday that Bernadine Siy and Brian Matthew Cu had been elected to the board as independent directors. Read More »



Mitsubishi’s Spacejet program reports reduced losses

Mitsubishi Heavy Industries (MHI) said yesterday its aircraft, defence and space business unit responsible for the SpaceJet program posted a loss of 77.1 billion yen (US$731 million) for the nine months to December 31, 2020, an improvement from a net loss of 130.2 billion yen for the 2019 year. Read More »



Boeing outsources IT jobs to Dell Corporation

Boeing plans to outsource IT work currently undertaken at a number of its facilities across the U. S., The Seattle Times reported, citing comments from the company's vice president for information technology and data analytics, Susan Doniz, to employees. Read More »