Aviation News
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AVIATION |
20 hours 46 min ago
111 reads
It hired Accenture to develop new system.
According to a release, Singapore Airlines has signed a major contract with Accenture for the development of a new IT system to enable the Airline to deliver an enhanced travel experience that focuses on meeting more of its customers’ travel needs. Read ››
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AVIATION |
22 May 13
154 reads
But operating costs were slightly unchanged.
According to CIMB, SIA reported core 4Q FY13 profit of S$68m. This was an improvement from the S$30m loss in the same period last year, but was 43% below our forecast for the period. Read ››
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AVIATION |
21 May 13
103 reads
To compensate for sluggish trade.
According to a report by Bloomberg, Changi Airport, Southeast Asia’s largest freight airfield, plans to attract more gold bars, tuna and vaccines to Singapore as it seeks to increase handling of high-value cargo to make up for slowing trade. Read ››
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AVIATION |
21 May 13
327 reads
Will it be for long-term?
According to DBS, with yield and demand expected to stay fairly stable, it believes the biggest swing factor for SIA’s earnings would be jet fuel price, which has largely traded between US$120 per barrel and US$140 per barrel in the last two years. Read ››
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AVIATION |
21 May 13
193 reads
Maybank has bullish outlook on JV.
According Maybank Kim Eng, the prospects for the Rolls Royce JV are high given that it is backed by the 2,400 Trent engines on Rolls Royce’s order book, and that future workload has potential to expand in the future should Scoot decide to use Trent engines as well for its fresh fleet of B787s. Read ››
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AVIATION |
20 May 13
135 reads
What will Tiger use it for?
According to DBS Vickers, Tiger Airways will be raising up to S$297m worth of funds through a combination of a rights issue (which has raised S$77m) plus a S$220m perpetual convertible securities issue underwritten by major shareholder SIA.
Read ››
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AVIATION |
20 May 13
153 reads
It's predicted to drop to just 4%.
According to DBS Vickers, passenger demand for SIA has taken over four years to recover to the levels seen in late 2008, with a firm 6.8% y-o-y increase in RPK in FY13.
However, with a higher base and continued softness in Europe and the US, DBS Vickers projects RPK growth to slow down to 4.9% in FY14 and 4% in FY15 respectively.
Here's more from DBS Vickers:
Read ››
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AVIATION |
20 May 13
111 reads
This boosted Singapore-Shenzhen daily flights.
According to a release, Singapore Airlines and SilkAir customers travelling between Singapore and Shenzhen now have a choice of two daily flights, as a result of a new codeshare agreement with Shenzhen Airlines.
Under the agreement, SIA will add its ‘SQ’ code and subsidiary SilkAir will add its ‘MI’ code to Shenzhen Airlines-operated flights between Singapore and Shenzhen.
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AVIATION |
20 May 13
232 reads
Losses could still extend to FY14.
According to OCBC Investment Research, Tiger Airways reported a decent set of 4Q13 results with revenue increasing 49.4%YoY to S$240.6m - partly due to the lower base from TGR AU last year - and core operating profit was positive for the second straight quarter at S$12.7m (4Q12: -US$17.2m).
Read ››
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AVIATION |
18 May 13
500 reads
Thanks to Group revenue soaring 49.4%.
In a release, Tiger Airways Holdings Limited reported an operating profit of $12.7 million for the quarter ended 31 March 2013 (4QFY13), a turnaround from the operating loss of $17.2 million recorded in the previous corresponding period (4QFY12), on the back of a 49.4% jump in Group revenue to $240.6 million, from $161.1 million recorded in 4QFY12. Read ››
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AVIATION |
17 May 13
490 reads
-19.8% operations profit could get worse.
According to OCBC Investment Research, the operating environment in the coming months remains challenging for the group. Read ››
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AVIATION |
16 May 13
261 reads
Blame it on high fuel prices.
Singapore Airlines (SIA) announced that its Group net profit improved 12.8% year-on-year to $379 million, despite recording a lower operating profit for FY 2012-2012. Read ››
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AVIATION |
15 May 13
175 reads
See how these help airlines, passengers.
The Civil Aviation Authority of Singapore (CAAS) has launched two new initiatives to boost the productivity and efficiency of Changi Airport - the Passenger Self-Service Adoption Programme and Aviation Problem-Based Challenge – to be funded under the S$100 million Aviation Development Fund (ADF). Read ››
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AVIATION |
13 May 13
314 reads
SWISS will operate daily Zurich-Singapore flights.
According to a release, Changi Airport Group (CAG) announced the return of SWISS to Singapore Changi Airport. Read ››
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AVIATION |
09 May 13
309 reads
Bags AFCSA award for 27th straight year.
In a release, Singapore Changi Airport announced that it was voted by Cargonews Asia readers as the Best Airport in Asia at the annual Asian Freight and Supply Chain Awards (AFSCA) Ceremony recently held at the Conrad Beijing. Read ››
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AVIATION |
09 May 13
2808 reads
Singapore Airlines not in the top10 list.
Singapore's flag carrier posted big drop from March's 7th place. Read ››
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AVIATION |
07 May 13
170 reads
It'll also increase frequency in Bali and Jakarta.
Singapore Airlines will significantly boost Indonesia services from July, with the introduction of daily flights to Surabaya, and an increase in frequency to the capital Jakarta and the resort island of Bali.
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AVIATION |
06 May 13
215 reads
$10 promo fare up for grabs.
Tiger Airways is extending its reach to two more cities in Indonesia, with the launch of 7 weekly services to Yogyakarta and Bandung from 1 Jul and 1 Aug 2013 respectively. Read ››
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AVIATION |
02 May 13
175 reads
Etihad's 8th outside Abu Dhabi.
According to a release, Etihad Airways has opened a line maintenance base at Singapore’s Changi International Airport, the carrier’s eighth outside Abu Dhabi. Read ››
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AVIATION |
01 May 13
659 reads
It disposed 60% of Tiger Australia.
According to CIMB, Tiger Holdings’ disposal of 60% of Tiger Australia is an admission that its Australian entry was a strategic mistake. Read ››
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AVIATION, BUILDING & ENGINEERING |
24 Apr 13
463 reads
Led by prestigious SAA Architects.
Changi Airport Group (CAG) announced that it has appointed an architect and design consortium (Consortium) to pilot the overall architecture, design concept and construction of Changi Airport‟s Terminal 4 (T4). Read ››
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AVIATION |
24 Apr 13
181 reads
Profit loss pegged at a 40% proportion.
According to OCBC Investment Research, while TGR AU will be a standalone entity following the expected sale completion in2HCY13, it expects the incurrence of losses to continue – albeit at a lower 40% proportion. Read ››
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AVIATION |
23 Apr 13
144 reads
From 10% to a proposed 19.99%.
In a release, Singapore Airlines said it has agreed to acquire another 9.9% of Virgin Australia in a move that will increase its stake to 19.9%. Read ››
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AVIATION |
23 Apr 13
211 reads
Passenger movements hit 4.61m.
Singapore Changi Airport achieved its highest passenger traffic ever for the month of March when it registered 4.61 million passenger movements in March 2013, an increase of 7.7% over the same month last year.
Holiday makers travelling over the Good Friday long weekend and the weekend prior contributed to the traffic growth. Read ››
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AVIATION |
23 Apr 13
175 reads
Australian regulators greenlight 60% stake sale.
According to the joint release, Tiger Airways Holdings Limited (Tiger) has received the go-ahead from the Australian ACCC for the sale of 60% of Tiger Airways Australia Pty Ltd (Tiger Australia) stake to Virgin Australia. Read ››
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AVIATION |
16 Apr 13
372 reads
It fell 0.2 percentage points.
According to CIMB, passenger loads for the mainline fell in March after seven straight months of improvement. Read ››
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AVIATION |
11 Apr 13
433 reads
Find out which Asian, European peers lost to Changi.
Singapore Changi Airport ranked as the best in the world according to the World Airport Awards 2013. Read ››
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AVIATION |
11 Apr 13
197 reads
While its Aussie arm made a 57% jump.
In a release, Tiger Singapore said that the number of passengers carried grew 23% y-o-y to 413,000 passengers.
Read ››
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AVIATION |
08 Apr 13
323 reads
And SEAir's losses may spike to S$50m.
According to CIMB, the Philippines has been a tough market and will remain very much so in the coming years. Read ››
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AVIATION |
08 Apr 13
408 reads
Check out its special promo fares.
In a release, Scoot today announced the launch of its 11th destination – Nanjing, China. Read ››
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AVIATION |
05 Apr 13
184 reads
Golden Myanmar Airlines to ferry passengers.
In a release, Changi Airport Group (CAG) announced the arrival of a new carrier, Golden Myanmar Airlines, at Singapore Changi Airport. Read ››
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AVIATION |
05 Apr 13
237 reads
Decision has been moved to May.
According to CIMB, Tiger’s proposed sale of its 60% stake in Tiger Australia to Virgin Airways, a positive move in our view, is now facing some degree of pushback from regulators.
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AVIATION |
05 Apr 13
2013 reads
Mandala likely to suffer $30-35m losses.
According to CIMB, it is currently forecasting Mandala to lose S$30m-35m for FY14 and FY15, which translates into associate losses of S$10m-11.5m for Tiger, based on its 32.5% stake in its associate, Mandala.
However, CIMB also noted that the operating environment in Indonesia is starting to become a little more benign for Mandala. Read ››
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AVIATION |
01 Apr 13
544 reads
But here's why it's no biggie.
According to DBS, Qantas website indicates that it has re-routed its kangaroo routes via Singapore to Dubai from 31 Mar, as part of its new alliance with Emirates.
DBS noted that this move has led some investors wondering about the impact on Changi Airport, Singapore's tourism, Singapore Airlines (SIA) as well as SIA Eng and SATS.
Read ››
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AVIATION |
01 Apr 13
BY GREG JAMES
1690 reads
Described as a game-changer, the recent high-speed rail link deal between Malaysia and Singapore stirred up considerable buzz on both sides of the causeway. Read ››
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AVIATION |
25 Mar 13
149 reads
But airfreight movements dropped.
According to a release, Singapore Changi Airport handled 4.12 million passenger movements in February 2013, an increase of 9.2% over the same month last year. Read ››
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AVIATION, PROFESSIONAL SERVICES/LEGAL |
21 Mar 13
238 reads
Transaction worth a record-breaking $24 billion.
International law firm Stephenson Harwood has advised Lion Air on the world's largest ever airline order, comprising of 234 Airbus - A320 and A321 aircraft (including Airbus' new NEO aircraft), and valued at US$24 billion. Read ››
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AVIATION |
21 Mar 13
902 reads
Tickets will be on sale from 25 March.
10th announced the launch of its 10th route to Seoul, the only low-cost link between Singapore and the capital and largest metropolis of Korea! Read ››
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AVIATION |
21 Mar 13
500 reads
No objections to subscription offering.
In an SGX release, Tiger Airways Holdings Limited announced it has received statements of no objections issued by the Australian Federal Treasurer (through the Foreign Investment Review Board of Australia) under Australia’s Foreign Investment Policy. Read ››
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AVIATION |
18 Mar 13
311 reads
Competitive pressures still linger.
According to CIMB, parent company load factors climbed 2% pts yoy as traffic rose 4% in 2M13. Read ››
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