AirAsia X posts quarterly loss
AirAsia X has posted a quarterly net loss of RM5.67 billion for the quarter ended March 31, 2021. Revenue sank by 29.6% to RM38.49 as the majority of the airline’s fleet remains on the ground due to t...
AirAsia X has posted a quarterly net loss of RM5.67 billion for the quarter ended March 31, 2021. Revenue sank by 29.6% to RM38.49 as the majority of the airline’s fleet remains on the ground due to t...
Singapore Airlines has appointed Jeanette Wong to its Board as an independent Non-Executive Director, with effect from 1 June 2021. Prior to her retirement on 1 March 2019, Wong was DBS Bank’s Group E...
With the recovery of the Chinese aviation market, Lufthansa Technik Shenzhen (LTS) has resumed its investments into new capabilities. The company is currently converting its bonded warehouse to a 2.10...
ST Engineering has signed a Letter of Intent by its Aviation Asset Management unit to lease up to five Airbus A321 Passenger-to-Freighter (P2F) aircraft to Global Crossing Airlines (GlobalX). As part ...
Shandong Airlines has successfully implemented Sabre’s fares management solution to support the China-based airline’s efforts to drive revenue optimization and accelerate recovery as it looks to launc...
Japan Airlines is reported to be planning a yen bond sale in June, according to a Reuters report. The Japanese airline is reported to have hired banks for the five year offering to raise ¥10 billion (...
THAI Airways creditors committee has now approved its Rehabilitation Plan. The Central Bankruptcy Court is scheduled a hearing to consider the Rehabilitation Plan on 28 May 2021. Commenting, Amedeo Ai...
Singapore Airlines (SIA) is proposing to issue the second tranche of Mandatory Convertible Bonds (Rights 2021 MCBs), which will raise approximately S$6.2 billion in additional liquidity. Shareholders ...
Virgin Australia Group CEO Jayne Hrdlicka was today joined by the Deputy Prime Minister of Australia, Michael McCormack MP to outline Virgin Australia’s next phase of growth, which will include 250 ne...
Shanghai Yuyuan Tourist Mart Group is reported to be planning to create a company with affiliates and strategic investors to invest in airline companies. A report from Reuters states that the new enti...
In a market update, Qantas Group has disclosed that the company expects to post a statutory loss (before tax) of more than $2 billion in FY21, which on top of a $2.7 billion loss last year, means that...
Cathay Pacific carried a total of 22,404 passengers in April 2021, an increase of 63.2% compared to April 2020, but a 99.3% decrease compared to the pre-pandemic level in April 2019. The month’s reven...
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