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PETALING JAYA: AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes is riding on the exuberance of the aircraft leasing business to ponder on a deal worth US$1bil for its wholly-owned aircraft leasing company Asia Aviation Capital (AAC), which owns 43 aircraft and will add some fuel-efficient A320neos to its list.
PETALING JAYA: AirAsia Group Bhd, which is selling its aircraft leasing business to BBAM Ltd Partnership, says the transfer of aircraft and aircraft engines under the deal has been completed except for five aircraft.
Air travel is likely to become increasingly common, especially in emerging markets over the next 20 year, and this demand will have to be met by over 29,220 new aircraft worth US$4.4tril, Airbus’s Global Market Forecast report predicted.
SINGAPORE: Loss-making Malaysia Airlines is waiting for government approval to place a multi-billion dollar order for up to 100 Airbus and Boeing passenger aircraft in a move aimed at boosting its profitability, two people familiar with the negotiations told Reuters.
CANBERRA: Aircraft from six nations depart from the southwest Australian city of Perth in staggered schedule to comb the southern Indian Ocean for signs of missing Malaysia Airlines flight MH370, China's Xinhua news agency reported.
SUBANG: Just over a week after AirAsia Bhd placed a 100-plane order worth US$9.4bil (RM28.67bil), Malaysia Airlines (MAS) has inked an agreement to buy 36 ATR i>72-600/iturboprop aircraft for RM3bil (US$981mil), as it expands its fleet to grow aggressively in the country and regionally.
PETALING JAYA: Sepang Aircraft Engineering Sdn Bhd is now an Airbus SE unit after the aircraft manufacturer took full control of the aircraft maintenance company by acquiring the remainder 60% stake.
Beijing (AFP) - China has launched its first domestically designed and built aircraft carrier, state media said Wednesday, as the country seeks to transform its navy into a force capable of projecting power onto the high seas.