HONG KONG, 22 February 2017: HK Express recorded expansion and a healthy performance during 2016 as it builds traffic on eight new routes in Asia including three in the Mekong Region – Nha Trang, Vietnam, Yangon in Myanmar and Chiang Rai in Thailand.
Flights were also launched to Ishigaki, Takamatsu, Kagoshima, Hualien and Guam.
The airline reported it also introduced its first Airbus 320neo aircraft in late 2016 and launched a new U-Biz corporate programme, as well as becoming a founding-member of the U-FLY Alliance. Read more
DUBAI, 10 February 2017: Air Arabia, the Middle East’s largest low-cost airline, announced, Thursday, its first-ever quarterly loss, blaming challenging market conditions and overcapacity.
The UAE carrier reported a net loss of 33 million dirhams (USD9 million) in the last three months of 2016, while revenue dropped 15% to 814 million dirhams.
Earnings of the Sharjah-based carrier “were impacted by (a) continuous drop in yield margins as a result of the overcapacity deployed in the market and the slow growth environment in major economic hubs,” said Air Arabia chairman Sheikh Abdullah al-Thani. Read more
BEIJING, 7 February 2017: China’s first home-grown big passenger plane will make its maiden voyage in the first half of this year, state media said, Monday, as the country seeks to challenge foreign giants Airbus and Boeing.
The C919 narrow-body jet is expected to “realise its blue-sky flight dream” in the first six months of 2017, the People’s Daily newspaper reported, with the installation of on-board systems almost completed.
The plane, produced by the state-owned Commercial Aircraft Corp of China (COMAC), was originally scheduled to make its debut journey in 2015, but the date was repeatedly pushed back as it underwent additional testing and certification. Read more
RIYADH, 17 January 2017: Low-cost Saudi carrier flynas on Monday signed an USD8.6-billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.
Flynas chairman Ayed al-Jeaid said at a ceremony in Riyadh that the deal includes an option for 40 more of the short to medium-haul planes, to cater for what airline executives described as a growing domestic market.
Bander al-Mohanna, the chief executive of NAS Holding, of which flynas is a division, signed the agreement with Fouad Attar, Middle East director for France-based Airbus. Read more
DUBAI, 30 December 2016: Dubai’s Emirates said Thursday it has reached an agreement with Rolls-Royce over a “technical issue” relating to the engines of Airbus’s A380 superjumbo, and confirmed receiving one plane this week.
The carrier also said it “will continue to receive deliveries of both A380s and (Boeing) 777s in 2017”.
“Emirates can confirm that we have come to an agreement with Rolls-Royce on the technical issue relating to engines for our A380s. We have received delivery of our first Rolls-Royce powered A380s this week,” a spokesperson told AFP. Read more
PARIS, 29 December 2017: Airbus said earlier this week it was postponing for a year the planned delivery of 12 A380 superjumbos to Dubai’s Emirates airline, without offering reasons for the delay.
The aerospace giant will “change its pace of its deliveries by delaying the delivery to Emirates of six A380 planes from 2017 to 2018 and six others from 2018 to 2019,” it said in a statement.
Despite the delay, Airbus restated its aim announced earlier this year of delivering 12 planes annually from 2018. Read more
DUBAI, 11 November 2016: Emirates has adopted an all Airbus A380 and Boeing 777 fleet after retiring the last of its Airbus A330 and A340 aircraft.
This makes Emirates the first and only airline worldwide to rely entirely on a fleet of all Airbus A380 and Boeing 777 aircraft.
Emirates recently retired the last of its 29 Airbus A330s. The last of the A330 joined the fleet in 2002 and had flown for over 60,000 hours traveling close to 45 million kilometres in 14.5 years. Read more
ZHUHAI, 3 November 2013: Aerospace giants Boeing and Airbus took pot shots at one another at the Zhuhai air show, as the US and European rivals seek to capture more of China’s booming aircraft market.
China is one of the Western manufacturers’ key battlegrounds, with its travellers taking to the skies in ever-growing numbers.
The country’s airlines will need nearly 6,000 new planes worth USD945 billion over the next two decades, Airbus said in its 2016 to 2035 Global Market Forecast. Read more
PARIS, 27 October 2016: Airbus Group on Wednesday posted a 5% fall in January to September net profit to 1.81 billion euros (USD2 billion) as it revealed it intends to deliver more planes than initially forecast this year.
Citing stable overall sales of 43 billion euros for the period, the company said it would seek to raise deliveries to 670 planes, a jump of 20 aircraft, in order to hit its annual earnings targets.
“As expected, the nine-month performance reflects the heavily back-loaded aircraft delivery schedule, ongoing production ramp-up and transition to new versions of our A320 and A330 aircraft,” said CEO Tom Enders. Read more
PHNOM PENH, 19 October 2016: Cambodia Angkor Air signed an agreement, Monday, with Singapore-based aircraft leasing company, BOC Aviation Ltd, to dry lease two Airbus A320s as it expands its regional network.
Phnom Penh Post reported the new planes are scheduled for delivery by the end of the year.
Cambodia Angkor Air chairman, Tekreth Samrach, was quoted saying the two aircraft would support the airline’s expansion plans. Read more