Aviation
SATS unit divests aircraft fueling business for US$46m
SATS unit divests aircraft fueling business for US$46m
It was sold to a private direct investment firm.
BOC Aviation soars to US$764m in FY23
Earnings per share is at $1.47 (US$1.10).
Singapore Airlines adds new menu, amenity kits for premium economy
This is the cabin class’s first extensive revamp since its launch in 2015.
Singapore Airlines prices S$668.9m notes at 5.25%
Fixed interest is paid semi-annually per annum.
CCCS seeks public views on SIA and Garuda Indonesia’s proposed cooperation
The public consultation is open from 14 to 27 March 2024.
Changi Airport records 33.7% YoY surge in February passenger movements
Singapore's Changi Airport experiences a significant uptick in passenger traffic, surpassing pre-pandemic levels.
SIAEC expands services agreement with Scoot
The agreement will span 58 months with an option for a 24-month extension.
Singapore Airlines and Shangri-La lead YouGov’s 2024 Women’s Ranking in the travel category
Emirates and Club Med stood in second place.
Air cargo, regional travel growth spur SATS’ earnings recovery
The return of Chinese travellers is a positive for SATS’ food catering business.
CCCS grants conditional approval for Air India, SIA, and Vistara transactions
The parties have proposed commitments specific to each transaction to address competition concerns.
SATS’ net profit up 89.3% to S$31.8m in Q3 FY2024
Recovery of aviation food and flight volumes helped push up profits.
Air New Zealand and Singapore Airlines' alliance extended until 2029
There will be 38 weekly return services between New Zealand and Singapore.
Higher costs weigh on SIA, but record earnings still expected: analyst
UOB Kay Hian has cut earnings forecasts by 3.6% for 2024.
SIAEC, Thales partner to explore business opportunities in Asia-Pacific
The companies will look into collaborating in areas such as component maintenance, repair, and overhaul.
SIAEC, Air India Group ink inventory technical management agreement
The 12-year deal offers Air India extensive Airbus A320 fleet support.
SG-based Nandina REM launches carbon fibre material reclaimed from end-of-life aircraft
By 2050, Asia will see 102,500 tonnes of unused, end-of-life carbon fibre from aviation.
SIA Group’s net profit climbs 4.9% YoY to $658.7m in 3Q23/24
The airline group attributed the increase to lower tax expenses, amongst others.
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