Japan Airlines exited bankruptcy today, after the Tokyo District Court found that JAL had repaid more than two thirds of the monetary claims listed in a reorganization plan.
Airlines are starting to count the financial cost of the earthquake and tsunami that devastated large areas of northeastern Japan on March 11. The International Air Transport Association has warned of a “major slowdown” for airlines operating in the Japanese market and says that this is unlikely to recover before the second half of 2011.
This year will likely be an improvement on 2009 for airlines in this part of the world but it won’t mean a quick return to profitability, according to Andrew Herdman, director general of the Association of Asia Pacific Airlines (AAPA). But the substantial losses the group’s members have suffered in the last two years should at least be reduced, he told AIN in an interview ahead of this week’s Singapore Airshow.
Japan Airlines (JAL) filed for bankruptcy on January 19, hammering home a sobering lesson for air carriers worldwide that the industry’s latest crisis is far from over–despite tentative recovery in traffic volumes.
Boeing is “assessing the market viability of the 787-3” after the only remaining customer for the type, Japan’s All Nippon Airways (ANA), converted its order for 28 of the planned high-density, short-range version of the 787 Dreamliner to an order for the same number of 787-8s.
Japan’s All Nippon Airways has placed an order for four 74-seat Bombardier Dash 8Q-400s, the first of which it plans to place into service next fall. The estimated $80 million deal will allow ANA to augment a 115-nm route between the western cities of Kochi and Osaka, where the group controls unused slots for propeller airplanes at Itami Airport.
Airlines in the Asia Pacific region have become key global players and should have a greater say in industry issues, according to Andrew Herdman, director general of the Association of Asia Pacific Airlines (AAPA). “The growing influence of Asia Pacific needs to be matched by stronger engagement in key international policy issues,” he told AIN.
Japan Airlines said it will order 10 Embraer E170s and place an option on another five airplanes this spring. The airline plans to place the airplanes with its J-Air regional subsidiary next year in a bid to “help JAL meet the business chances in and after FY2009 resulting from increased slots due to the expansion of Tokyo’s Haneida airport.” The sale would mark Embraer’s entrée into Japan and come as a serious blow to Bombardier, whose 50-s
Avio-Diepen (Stand A1236) has joined Boeing’s integrated materials management program under which the airframe manufacturer and certain partners hold an inventory of maintenance supplies, including spare parts, that are provided as needed by an airline. The 60-year-old Dutch company is a leading commercial aerospace distributor offering individual supply programs, kit packages and related services.
Boeing is preparing to invest more than $100 million in a new MRO joint venture in Shanghai. The U.S. airframer will have a 50-percent stake, with the balance held by Shanghai Airlines and Shanghai Aviation Authority, according to David Wang, president of Boeing China.