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Mar 13, 2014

Malaysia says no evidence missing plane flew hours after losing contact

KUALA LUMPUR/HO CHI MINH CITY, Vietnam (Reuters) – Malaysian authorities said on Thursday there was no evidence that a jetliner missing for almost six days flew for hours after losing contact with air traffic controllers and continued to transmit technical data.

The Wall Street Journal said that U.S. aviation investigators and national security officials believed the Boeing 777 flew for a total of five hours, based on data automatically downloaded and sent to the ground from its Rolls-Royce Trent engines as part of a standard monitoring program. (r.reuters.com/ruw57v)

Mar 3, 2014

Singapore’s Tiger Airways could pull out of Indonesia -sources

SINGAPORE, March 3 (Reuters) – Singapore’s Tiger Airways
Holdings Ltd may be forced out of Indonesia, Southeast
Asia’s biggest domestic airline market, as its unprofitable
joint venture is squeezed out of routes dominated by
big-spending local carriers.

Tiger might sell or close Tigerair Mandala in the absence of
any signs of the airline turning around this year, such as a
significant reduction of losses, people familiar with the matter
told Reuters.

Mar 3, 2014

Tiger Airways to sell or shut Indonesia affiliate if no sign of turnaround -sources

SINGAPORE, March 3 (Reuters) – Singapore’s Tiger Airways Ltd
aims to sell or close its Indonesian joint venture
unless there are signs of it turning around this year, people
familiar with the matter said.

PT Mandala Airlines resumed flights in 2012 after financial
restructuring under which Tiger bought a one-third stake, raised
to 35.8 percent in September. Even so, Tiger lost nearly S$40
million ($31.6 million) in the venture in April-December.

Feb 13, 2014

Small is the next big thing in Asia aviation

SINGAPORE, Feb 13 (Reuters) – After flying under the radar
for many years, manufacturers of smaller jet and
propeller-driven passenger aircraft are finding a bigger market
in the Asia-Pacific with a slew of orders at the Singapore
Airshow.

Canada’s Bombardier, Brazil’s Embraer,
European joint venture ATR, Russia’s Sukhoi and Japan’s
Mitsubishi Aircraft do not roll off the tongue as easily as
Airbus or Boeing, but in the lucrative Asia
market there is room for everyone.

Feb 10, 2014

Airshow – Boeing sees Asia-Pacific fleet nearly tripling over 20 yrs

SINGAPORE (Reuters) – The world’s biggest planemaker Boeing (BA.N: Quote, Profile, Research) expects nearly half of the world’s air traffic growth will be driven by the Asia-Pacific region over the next 20 years, but is monitoring local currencies to assess airlines’ ability to meet orders.

On the eve of the Singapore Airshow, Boeing forecast the fleet of aircraft in the region would triple in size over the next two decades, sparking demand for close to 13,000 more planes valued at $1.9 trillion.

Feb 10, 2014

Boeing sees Asia-Pacific fleet nearly tripling over 20 years

SINGAPORE (Reuters) – Boeing (BA.N: Quote, Profile, Research, Stock Buzz) maintained its 20-year forecast for airplane demand at $4.8 trillion, and predicted that nearly half of the world’s air traffic growth would be driven by travel to, from or within the Asia-Pacific over the next two decades.

Boeing estimated airlines in the Asia Pacific region would need an additional 12,820 jets valued at $1.9 trillion over the next 20 years. It said the fleet would rise to 14,750 in 2032, from 5,090 in 2012.

Feb 9, 2014

IATA says cargo is biggest worry for airlines

SINGAPORE, Feb 9 (Reuters) – Weakness in air cargo markets
remains the biggest worry for airlines despite some evidence of
recovery in 2013, the head of the International Air Transport
Association said.

“The biggest worry for the airlines industry right now is
probably cargo. Air cargo continues to be weak and for the big
airlines in this region (Asia), it is a very important component
of their revenue,” IATA director general Tony Tyler told a news
conference on Sunday ahead of the Singapore Airshow.

Feb 9, 2014

Starry-eyed budget carriers in Southeast Asia stare at overcapacity

SINGAPORE, Feb 9 (Reuters) – Low-cost carriers are flying
high in Southeast Asia on the back of sharp growth in air
travel, but as hundreds of new jets swarm into the region
concerns are rising about its ability to absorb the record
numbers of planes on order.

Southeast Asian carriers have been devouring as many new
airplanes as planemakers can sell, gambling that low fares and
rising disposable incomes will drive the region’s 600
million-strong population to keep flying to new destinations.

Feb 6, 2014

Thailand’s Nok Air to order Boeing 737 MAX jets: sources

DUBAI/SINGAPORE (Reuters) – Thailand’s Nok Airlines is close to placing an order for Boeing 737 jets (BA.N: Quote, Profile, Research, Stock Buzz), several people familiar with the matter said, sidestepping domestic political turmoil to step up a battle between Southeast Asia’s budget carriers.

The deal for the latest version of Boeing’s best-selling passenger jet, the 737 MAX, is expected to be announced at next week’s Singapore Airshow.

Jan 28, 2014

VietJetAir to finalise $9 bln Airbus order next month

SINGAPORE/PARIS, Jan 28 (Reuters) – Vietnamese carrier
VietJetAir said it would finalise a $9 billion order for up to
92 Airbus aircraft next month as it seeks to tap into
Southeast Asia’s fast growing low-cost market dominated by
AirAsia Bhd and Lion Air.

In September, privately owned VietJetAir and Airbus agreed a
provisional order for mostly A320 planes, but the deal did not
show up on the order book of Airbus in its 2013 data.

    • 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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