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Airbus, Boeing are counting on a wave of demand for replacement planes early next decade
KUCHING: The Sarawak government is expected to fund three new airport projects costing more than RM780mil to provide and enhance air accessibility in the rural areas. These are the new Lawas airport in northern Sarawak, for which RM480mil has been approved, and two short take-off and landing airports (STOLports).
KUALA LUMPUR: Malaysia Airlines Bhd, an anchor company under the vendor development programme, targets to save about 15% in expenditure for non-critical parts and components within the airline.
KUALA LUMPUR: Shares in AirAsia X Bhd’s (AAX) shed more than 5.7% in early morning trading on Thursday, after the carrier announced that it had sunk deeper into the red for its third quarter.
SEOUL: South Korean builder Hyundai Development Co said its consortium has been picked as the preferred bidder for a controlling stake in Asiana Airlines and would inject over US$1.7bil into the debt-ridden carrier.
KUALA LUMPUR: Shares in AirAsia X Bhd (AAX) rose more than 9% in early trade Tuesday after the carrier inked a profit-sharing agreement with AirAsia Group Bhd.
KUALA LUMPUR: Maybank Investment Bank Research is maintaining its negative outlook on the aviation sector after the US Federal Aviation Administration (FAA) downgraded Malaysia to Category 2 on safety concerns.
AS uncertainty over Brexit spills into its fourth year, Swiftool Precision Engineering has taken a tough investment decision: it will press ahead with a plan to spend £250,000 (RM1.3mil) on a 3D printer but a new workshop roof will have to wait.
A 2017 file photo shows Philippine billionaire John Gokongwei Jr, who has died aged 93.PHOTO: PHILIPPINE DAILY INQUIRER/ASIA NEWS NETWORK