Garuda Indonesia will file for an initial public offering (IPO) in April. The Indonesian flag carrier is hoping to raise 1.6 trillion rupiah ($135 million) from a rights issue, according to its stock exchange filing.
Although some Asian flag carriers—such as Malaysia Airlines and Thai Airways—are reporting lackluster performance and potential route cuts, Middle East carriers seem happy to continue their push into the regional Asian market.
On the back of significant sales at the Singapore Airshow, Airbus is investing serious money back into the Asian region with a swathe of support and infrastructure deals valued at some $70-$80 million.
Australian government comments that it is “looking closely" at the Qantas Airways’ financial position and “actively considering the issue” of a relaxation of ownership controls or debt relief have prompted a public lash back from rival Virgin Australia.
Singapore-based regional low-cost carrier Scoot will use its first Boeing 787 aircraft—a 787-9 due for delivery in November this year—on routes that include Japan, Taiwan and Australia, Scoot CEO Campbell Wilson told ATW.
UK air navigation services provider NATS has signed a data services agreement (DSA) with satellite based Automatic Dependent Surveillance-Broadcast (ADS-B) provider Aireon for ADS-B surveillance data across the North Atlantic....More
The airline industry is calling for a greater role in the deployment of the Single European Sky Air Traffic Management Research (SESAR) project because it is ultimately responsible for footing the investment bill....More
Software goliath Microsoft is eying the commercial aviation software business as a “really important market,” according to Matt Muta, the global managing director of the company’s Hospitality & Travel unit....More