Singapore Airlines (SIA) returned to profitability in the third quarter of the current financial year–hopefully turning its back on two straight quarters of losses. The flagcarrier’s operating profit of the quarter ending on Dec. 31, 2009, was S$323 million, marking a major turnaround after the S$159 million loss suffered in the second quarter.
Association of Asia Pacific Airlines
Jet Aviation has a long pedigree here in the Asian business aviation community, having established its handling and aircraft support operation at Singapore’s Seletar Airport 15 years ago. Last year, its aircraft management business in the region grew by 20 percent to a fleet of 24 aircraft, nine of which are based in Hong Kong. The Swiss-based group also manages aircraft for clients in Singapore, Thailand, Indonesia, Malaysia and India.
South Korea’s Jeju Air has placed an order with Honeywell to replace the wheels and brakes on its Boeing 737s. The terms of the contract have not been disclosed, but as part of the agreement the U.S. manufacturer also will provide spares for up to 15 of Jeju’s 737s.
Maintenance, repair and overhaul (MRO) service providers are here at the Singapore Airshow chasing more market share in a still-promising Asia-Pacific region.
This year will likely be an improvement on 2009 for airlines in this part of the world but it won’t mean a quick return to profitability, according to Andrew Herdman, director general of the Association of Asia Pacific Airlines (AAPA). But the substantial losses the group’s members have suffered in the last two years should at least be reduced, he told AIN in an interview ahead of this week’s Singapore Airshow.
Given Asia’s affinity for big airplanes and the fact that the region is emerging from the global recession as one of the few in the world that has experienced growth in airline traffic, it should come as little surprise that some of Boeing’s brightest prospects for the 747-8 reside there.
Japan Airlines (JAL) filed for bankruptcy on January 19, hammering home a sobering lesson for air carriers worldwide that the industry’s latest crisis is far from over–despite tentative recovery in traffic volumes.
Boeing is “assessing the market viability of the 787-3” after the only remaining customer for the type, Japan’s All Nippon Airways (ANA), converted its order for 28 of the planned high-density, short-range version of the 787 Dreamliner to an order for the same number of 787-8s.
Royal Jordanian Airlines’ new president and chief executive, Hussein Dabbas, is maintaining the carrier’s long-held ambition to become the Middle East’s airline of choice. After 30 years in the airline’s marketing and sales organization, Dabbas brings contrasting experience to that of his predecessor, Samer Majali, an aeronautical engineer who left Royal Jordanian abruptly four months ago to lead troubled Bahrain carrier Gulf Air.
Mubadala Breaks Ground on Airbus Deal