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Oct 21, 2014

After huge jet orders, budget airlines eye rich seam of aircraft leasing

SINGAPORE/PARIS, Oct 22 (Reuters) – From Scandinavia to
Southeast Asia, low-cost airlines have ordered record numbers of
planes in recent years, redefining the jet industry. Now they
plan to lease out scores of their new planes, re-ordering the
aviation business all over again.

Between them, Indonesia’s Lion Air, Malaysia’s AirAsia
and Norwegian Air Shuttle have ordered more
than 1,400 Airbus and Boeing jets, worth about
$140 billion at current list prices. They’re about to test the
growing market for rented planes, competing with established
finance firms that lease out aircraft to cash-strapped carriers
from China to the United States.

Oct 17, 2014

Singapore Airlines rides to Tiger’s rescue, could raise stake to 71 pct

SINGAPORE/SYDNEY, Oct 17 (Reuters) – Cash-rich Singapore
Airlines Ltd (SIA) is injecting up to $110 million to
take control of loss-making affiliate Tiger Airways Ltd
, shoring up the budget carrier while scrapping its
regional ambitions as competition rages.

Announcing a record quarterly loss that sent its shares
tumbling as much as 10 percent, Tiger said on Friday that SIA
will raise its stake to about 55 percent from 40 percent by
converting existing securities into shares.

Oct 14, 2014

AirAsia X could defer delivery of A350 planes – CEO

SINGAPORE, Oct 14 (Reuters) – Malaysian long haul budget
carrier AirAsia X Bhd could defer the delivery of its
Airbus A350s if European economies fail to recover by the time
it receives the first aircraft in 2018 or 2019, its chief
executive said.

“You can’t really pinpoint it until the first one enters
into service and the production schedule gets firmed up by
Airbus,” Azran Osman Rani told Reuters in an interview on
Tuesday.

Oct 14, 2014

India’s IndiGo seen placing big aircraft order by early 2015

SINGAPORE, Oct 14 (Reuters) – Indian low-cost carrier IndiGo
is close to placing a large order worth billions of dollars for
a variety of aircraft and could reach a decision as early as
2015, a senior aviation analyst and several industry sources
said.

IndiGo, India’s largest airline by market share, could pick
up a combination of regional planes that can seat up to 100
passengers, narrowbody aircraft such as the Airbus
A320s that it already operates, and widebody jets for launching
medium- to long-haul services, said Binit Somia, the director of
South Asia at industry consultancy CAPA.

Oct 14, 2014

IndiGo could place big aircraft order by early 2015 – sources

SINGAPORE (Reuters) – Low-cost carrier IndiGo is close to placing a large order worth billions of dollars for a variety of aircraft and could reach a decision as early as 2015, according to several industry sources.

IndiGo, India’s largest airline by market share, could pick up a combination of regional planes that can seat up to 100 passengers, narrowbody aircraft such as the Airbus Group NV (AIR.PA: Quote, Profile, Research) A320s that it already operates, and widebody jets for launching medium- to long-haul services, said Binit Somia, the director of South Asia at industry consultancy CAPA, at a conference on Tuesday. He added that an order was imminent.

Oct 14, 2014

India’s IndiGo could place big aircraft order by early 2015 -sources

SINGAPORE, Oct 14 (Reuters) – Indian low-cost carrier IndiGo
is close to placing a large order worth billions of dollars for
a variety of aircraft and could reach a decision as early as
2015, according to several industry sources.

IndiGo, India’s largest airline by market share, could pick
up a combination of regional planes that can seat up to 100
passengers, narrowbody aircraft such as the Airbus Group NV
A320s that it already operates, and widebody jets for
launching medium- to long-haul services, said Binit Somia, the
director of South Asia at industry consultancy CAPA, at a
conference on Tuesday. He added that an order was imminent.

Oct 14, 2014

SpiceJet still needs funds as turnaround takes hold – exec

SINGAPORE (Reuters) – Budget carrier SpiceJet Ltd’s (SPJT.BO: Quote, Profile, Research) top official warned the loss-making airline still needs new funding to anchor its turnaround efforts, even as its operating performance improves with higher revenue per seat amid reduced capacity.

“Our challenge is our legacy losses and this cannot be solved by operational cash flows alone, but by funding or recapitalisation,” Sanjiv Kapoor, chief operating officer at India’s No. 3 airline by market share as of August, told Reuters in an interview. SpiceJet previously said it was in “advanced” talks with an external entity to get funding.

Oct 14, 2014

India’s SpiceJet still needs funds as turnaround takes hold -exec

SINGAPORE, Oct 14 (Reuters) – Indian budget carrier SpiceJet
Ltd’s top official warned the loss-making airline
still needs new funding to anchor its turnaround efforts, even
as its operating performance improves with higher revenue per
seat amid reduced capacity.

“Our challenge is our legacy losses and this cannot be
solved by operational cash flows alone, but by funding or
recapitalisation,” Sanjiv Kapoor, chief operating officer at
India’s No. 3 airline by market share as of August, told Reuters
in an interview. SpiceJet previously said it was in “advanced”
talks with an external entity to get funding.

Sep 10, 2014

Li Ka-shing sets new course for $200 billion aircraft leasing market

SINGAPORE (Reuters) – Asia’s richest man, Li Ka-shing, aims to buy his way into the global aircraft leasing business as his flagship investment firm holds talks with lessors on building a portfolio of planes, people with direct knowledge of the matter said.

In a potential series of deals, the Hong Kong tycoon’s Cheung Kong (Holdings) Ltd (0001.HK: Quote, Profile, Research, Stock Buzz) is in discussions to form a joint venture with Mitsubishi Corp’s (8058.T: Quote, Profile, Research, Stock Buzz) MC Aviation Partners leasing arm, one executive said. Li’s firm is already bidding for a $5 billion fleet of 100 planes that lessor AWAS Aviation Capital Ltd has put up for sale.

Sep 10, 2014

Li Ka-shing in talks for aircraft leasing JV with Mitsubishi arm – sources

SINGAPORE, Sept 10 (Reuters) – Asia’s richest man, Li
Ka-shing, aims to become a force in the global aircraft leasing
business as his flagship investment firm holds talks with a
number of lessors on building up a portfolio of planes, people
with direct knowledge of the matter said.

In what could be part of a series of deals, the Hong Kong
tycoon’s Cheung Kong (Holdings) Ltd is in discussions
to form a joint venture with Mitsubishi Corp’s leasing
arm MC Aviation Partners, one of the executives said.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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