It is back to the future. In the movie the protagonist goes back to the past to seek guidance for the future. The same holds true for the Australian aviation market. Since the collapse of Ansett Australia in 2001, coupled with the proposed acquisition of Tiger Airways Australia by Virgin Australia, which is still subject to the regulatory approval from the Australian Competition and Consumer Commission (ACCC) whose final decision …Read More
Tag Archives: A320
Boeing 737 MAX ups the ante in dogfight with A320neo
At last year’s Paris Air Show, there were blue skies and the airline industry managed to stay relatively healthy despite soaring oil prices and an anaemic global economic recovery, with a year-end industry-wide profit of US$7.9 billion, according to Geneva-based industry body International Air Transport Association (IATA). Fast forward 12 months and the global economy was in a very different shape. Having gone through the fear of contagion in the …Read More
The showdown in re-engined narrowbody battle begins
As the global economy takes a turn for the worse with weakening passenger yields and a cargo doldrum significantly hurting airlines’ bottom line, there is little visibility beyond the runway, let alone leaping into the unknown by spending billions of dollars on hundreds of shiny new metals that are not going to be delivered five to six years from now, if not longer. It is against this backdrop that the …Read More
Boeing 737 MAX dual-feather winglet teleconference highlights
Beverly Wyse, Boeing 737 programme vice president (VP) & general manager (GM) - This kind of improvement is consistent with our demonstrated performance on delivering increasing value to our customers on-time throughout the life of the programme. - Since entry into service on the 737, we continue to improve the Next-Generation aircraft for our customers, including anything like carbon brakes and the passenger-preferred Boeing Sky Interior. - We also continue …Read More
Boeing posts strong 2012 first-quarter results
Chicago-based Boeing, the world’s largest aerospace company, posted an exceptionally strong first-quarter results which beat Wall Street analysts’ forecast and saw its net income for the quarter soaring by a staggering 58% from US$586 million a year ago to US$923 million this year. The better-than-expected results came as the company recorded a US$0.11 per share positive impact from the release of a litigation reserve, a remarkable quarterly performance from its …Read More
Cathay Pacific holding on tight for eventual economic upturn
Hong Kong-based Cathay Pacific Airways, Asia’s fourth-largest carrier by market capitalisation and Asia’s largest international airline, posted a worse-than-expected 60.8% fall in its 2011 full-year net profit of HK$5.5 billion (US$705.3 million) from 2010′s record-breaking full-year profit of HK$14.08 billion (US$1.8 billion), dent by soaring gross fuel costs which rose by HK$12.5 billion, or 44.1%, net of fuel hedging gains in the past year, as well as a 9-month consecutive decline …Read More
LAN-TAM merger beneficial to Latin American airline industry
After more than a year since Chilean carrier LAN Airlines SA and Brazil’s TAM SA announced its US$3.2 billion merger in August 2010 that, according to Bloomberg data, will create the largest Latin American airline as well as the world’s second-largest airline by market capitalisation at US$11 billion, after Air China whose market value stands at US$11.3 billion, the airlines are close to completing the deal which is expected to …Read More