Malaysia Airlines Berhad (MAB), now a government-controlled entity of Malaysian sovereign wealth fund Khazanah, said in its May Quarterly Progress Update (QPU) it was seeing “strong indications [of] positive results” as a result of ongoing restructuring.
Asia-Pacific airlines saw a move to an overall $6.9 billion in net earnings in calendar year 2015 compared to a collective loss of $1.2 billion during 2014, according to the Association of Asia Pacific Airlines (AAPA).
Indonesian Transportation Minister Ignasius Jonan has imposed significant sanctions on Indonesian low-cost carriers (LCCs) Lion Air and Indonesia AirAsia, following a pledge to crack down on domestic operators who contravened standard operating procedures (SOPS).
Vietnam Airlines and part-owned subsidiary Cambodia Angkor Air are looking to “substantially increase” domestic services in both countries, as well as expand regional services to nearby Asian countries.
Travel technology provider SITA is exploring the use of blockchain technology as a platform for generating secure single travel “tokens” that could potentially streamline a passenger’s progress through all airport processes involving the scanning of personal documentation....More