Orient Aviation Daily Digest November 16, 2021
By Steve Creedy
News
Airbus announces first A350 freighter commitment as part of huge Air Lease Corporation order
Air Lease Corporation (ALC) has signed a Letter of Intent (LoI) for 111 jets that includes the lessor as the first announced buyer of the A350F cargo jet. Read More »
News
Boeing declares freighter market “on fire”
The observation this week by Boeing executive vice president, Stan Deal, that the freighter market is “on fire right now” was underscored by U.S. OEM’s announcements at the Dubai Airshow. Read More »
News
Asia-Pacific airline chiefs tackle net-zero emissions and industry restart
Leaders of the Asia-Pacific’s major airlines have called on governments to restore global connectivity and assist the industry in achieving its goal of net-zero carbon emissions by 2050. Read More »
News
Vietnam approves Korean Air’s merger with Asiana Airlines
Korean Air’s (KAL) ambitious merger with former rival, Asiana Airlines, has overcome another regulatory hurdle after it received approval of the acquisition from Vietnam’s Ministry of Industry and Trade. Read More »
News
Indonesian government seeks to cut Garuda debt by almost 70%
The Indonesian Government is pushing Garuda Indonesia creditors to accept a “haircut” or debt-for-equity swap to reduce the financially embattled airline’s debt by just over US$6 billion. Read More »
News
AirAsia X warns action on passenger creditors could have dire consequences
AirAsia X (AAX) has warned its hard-won restructuring plans could still fail as it responded to reports of a Malaysian Aviation Commission (MAVCOM) threat to take action if the LCC did not reimburse passengers for tickets purchased. Read More »
News
Thai Airways International posts net profit for the first nine months of 2021
Thai Airways International (THAI) posted a 51.1 billion baht net profit (US$1.56 billion) for the first nine months of 2021 after debt restructuring and the sale of assets and investments. Read More »
News
Scoot to launch Christmas flights to London via Bangkok
Singapore Airlines Group (SIA) LCC, Scoot, will launch a service between Singapore and London’s Gatwick Airport via Bangkok Suvarnabhumi Airport next month. Read More »
News
Etihad Airways expands sustainability program
Etihad Airways has expanded its sustainability program to include the A350 and a wider range of manufacturers, suppliers and stakeholders. Read More »
People
The International Air Transport Association (IATA) has announced Marie Owens Thomsen will join the association as its Chief Economist effective January 4, 2022. Read More »
Asia-Pacific Aerospace Briefs Today
Boeing and titanium producer, VSMPO-AVISMA, have signed a Memorandum of Understanding (MoU) affirming the Russian company will remain the biggest titanium supplier for the U.S. manufacturer’s current and future commercial aircraft. Read More »
