Airlines

Effects of Iran conflict will become more serious in coming months, says Apac airline group

Governments and airlines must cooperate closely, says head of Association of Asia Pacific Airlines

 The rebate programme is effective from May to June.

Malaysia unveils measures to help airlines hit by Iran war

The government has also allocated RM5 million for flight ticket rebates

A large Boeing order was one of many business deals expected to come out of the Trump-Xi summit in Beijing.

Boeing shares drop 4% after Trump announces China orders 200 jets; number below expectations

The talks had been for 500 Boeing 737 Max jets, plus possibly dozens of more expensive widebody jets in follow-on orders

Air India, owned by Tata Group and Singapore Airlines, has never reported a profit since being sold by the government in 2022.
NEWS ANALYSIS

As Iran war jolts Air India, Lufthansa and Cathay pounce on fast-growing market

Foreign carriers gain share of international traffic from India

Asia has been hit particularly hard by the jet fuel crunch since it normally receives the majority of the crude oil  through Hormuz.

How the jet fuel supply crunch triggered by Iran war threatens summer travel plans in Asia, Europe

Airlines have been leaning on customers to absorb the extra billions of dollars in jet fuel costs

Sumitomo Mitsui Trust Group ramps up aircraft leasing investments to tap a global market surging from plane shortages.

Sumitomo Mitsui Trust Bank targeting US$500 million for new aircraft lease fund

The fund will purchase Boeing and Airbus aircraft and lease them to airlines globally

This brings Sats' ownership of Nanjing Weizhou Airline Food Corporation to 90%, following its initial purchase of a 50% stake in 2019.

Sats acquires additional 40% stake in China aviation meal producer for 312.6 million yuan

The move will let the group capitalise on Chinese airlines’ increasing adoption of frozen food

AirAsia was decimated by the pandemic and was just getting back on its feet following a restructuring when the Iran war began.

Asian budget carriers need help to avoid Spirit’s fate

Policymakers must consider targeted measures in the form of loans, grants or fuel price relief

SIA will introduce its next-generation first- and business-class seats in its A350 aircraft from the first quarter of 2027.

SIA delays roll-out of new first, business class seats on A350 fleet to 2027

Industry-wide supply chain issues and seat certification delays push back the launch, according to SIA

Spirit also plans to move ahead with expedited sales of aircraft and equipment, with the flexibility to abandon some property and let the lenders and lessors reclaim it.

Spirit Airlines lawyer says high jet fuel prices left carrier no alternative but to shut down

The low-cost carrier is the airline industry’s first casualty linked to the Iran war that has boosted oil prices