Singapore Airlines has completed a firm order for 25 more widebody aircraft from Airbus, comprising five A380 superjumbos and 20 A350-900s. The parties signed the firm order in December, some two months after Singapore announced its intention to enter into the contract.
Airbus Corporate Jets is launching its new Gala cabin concept for the ACJ330/340 wide-bodies here at MEBA 2012. The choice of Dubai for the announcement should come as no surprise: the Middle East represents the most important market in the world for wide-body business and VIP aircraft.
Virgin Australia said it has reached an agreement in principle to buy a 100-percent stake in Perth, Australia-based Skywest Airlines. Announced on October 30 and still subject to approvals from regulatory authorities and Skywest shareholders, the deal would see the Western Australian regional assume the Virgin Australia brand and, according to Virgin Australia CEO John Borghetti, benefit from further investment by the would-be parent company.
More evidence of capacity constraint among U.S. airlines appeared in a recent quarterly earnings report from one of the fastest-growing carriers in the country. Virgin America, which has seen annual available seat mile (ASM) growth average 28 percent for the past three years, has reconsidered its fleet expansion strategy and said it would move to cut the number of airplanes it plans to add over the rest of the decade.
Tough economic times are resulting in innovations by carriers in the Asia Pacific region looking beyond traditional business models through strategic realignments and new product offerings. Recent ground-breaking deals include Virgin Australia selling a 10-percent stake to Singapore Airlines (SIA) and buying 60 percent of Tiger Airways; the new partnership between Emirates Airline and Qantas; and Etihad Airways purchasing a 10-percent stake in Virgin Australia.
Singapore Airlines (SIA) has agreed to place a $7.5 billion order with Airbus for another five A380s and 20 A350-900s, the carrier announced on Wednesday. Delivery schedules call for the first airplane to arrive in Singapore in 2017.
Emirates and Qantas took the wraps off a proposed global aviation partnership today that would result in the Australian flag carrier moving its hub for European flights from Singapore to Dubai starting next April.
As highly taxed fuel, mounting debt and aggressive ticket pricing stifle the fledgling airline industry in India, the government seems ready to renege on its promise to allow foreign direct investment (FDI) in the country’s carriers. Current rules do not permit foreign airlines to invest in domestic carriers, although non-aviation-related investors can hold up to a 49-percent stake.
The Airbus A380 has had its share of problems both before and since deliveries began in late 2007. On the same day last week, Tuesday, two airlines suffered flight-terminating mechanical problems with the world’s largest passenger airliner.
It has been a year since the Asian Business Aviation Association (AsBAA) elected a new board and revamped its strategic approach to supporting business aviation development in the region. Jean-Noel Robert, Airbus’ executive and private aviation area sales director for Greater China, Japan and Korea, became chairman, while Embraer Executive Aircraft vice president for sales in China Lee Li and Bombardier Business Aircraft’s then Asia Pacific regional vice president for business aircraft David Dixon were appointed vice chairmen.