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Japan and South Korea have both reportedly begun restricting certain flights from Thailand in response to ICAO’s threat to downgrade the latter’s civil aviation regulator.
The Global air transport industry has cut the rate of mishandled bags by 61.3% globally since 2007, creating US$18 billion in total estimated cost savings, according to air transport IT specialist SITA.
Cebu Pacific reported a core net income of P3.3 billion (US$73.6 million), up 77% compared to the previous year, on the back of notable improvements in both revenues and operating expenses.
Bombardier Commercial Aircraft has received a Letter of Intent (LOI) from Malaysian proposed start-up Fly Mojo for 20 CS100 aircraft with options for an additional 20 CS100 aircraft.
IATA has called on Indonesia to make significant improvements in its aviation sector, noting multiple failings in areas ranging including safety, capacity and regulation
Thai Airways is considering selling its 39% stake in LCC Nok Airlines as part of a group wide effort to reduce its debt burden.