Thai-based low-cost carrier (LCC) Nok Air, which issued a final report on its 2014 earnings, reported an annual net loss of THB471.7 million ($14.5 million) for FY 2014, reversed from a THB1.07 billion profit in 2013.
Asian airlines saw a welcome rise in international passenger traffic for the first two months of 2015—passenger numbers rose by 8.2% year-on-year, according to figures from the Association of Asia Pacific Airlines (AAPA).
Hong Kong flag carrier Cathay Pacific Airways saw significant growth in both passenger numbers and load factors in February, mainly attributed to a travel surge driven by an unusually late Chinese New Year travel period.
Several Asian low-cost carriers (LCCs)—including Cebu Pacific, Tigerair Taiwan and Vietjet Air—are pulling back from the region’s previous network expansion, concentrating instead on maximizing traffic on existing profitable routes.
Openness to a restructuring of FAA—including fundamental air traffic control (ATC) reform—appears to be widespread in government and among industry stakeholders, but disputes over the agency’s funding threaten to unravel any potential consensus on reorganizing FAA....More
Boeing Commercial Airplanes president and CEO Ray Conner continued to lobby on behalf of a long-term reauthorization of the US Export-Import Bank (Ex-Im), saying elimination of Ex-Im financing for commercial aircraft would have a seriously negative impact on Boeing and the US economy....More
Etihad Airways president and CEO James Hogan has made his first public comments on the growing campaign by the three largest US carriers against the three Gulf airlines they say operate on the basis of unfair government subsidies....More
With flight tests of the long-delayed Bombardier CSeries past the half-way stage and certification now on track for year end, key leasing companies say the airliner’s longer term success hinges on execution of the final approval phase to service entry as well as building credibility by attracting big orders....More