Business
The Business section covers the financial heartbeat of aviation, with updates on airline profitability, mergers, investments, and the economic factors shaping the industry.
Capital A reports RM2.01 billion net profit for 3Q 2024
Capital A Berhad reported robust financial results for the third quarter of 2024, posting a net profit of RM2.01 billion driven by significant...
Asia Digital Engineering opens Malaysia’s largest aircraft maintenance hangar
Asia Digital Engineering (ADE), the maintenance arm of Capital A, has unveiled a new 14-line aircraft maintenance hangar in Sepang, Malaysia. The facility,...
AeroConnections partners with PT NTP for engine MRO services
AeroConnections, a United Arab Emirates-based aviation aftermarket solutions provider, has signed a representation agreement with PT Nusantara Turbin dan Propulsi (PT NTP), an...
Aviation Summit to focus on investment, skills and sustainability in Philippine sector
The European Chamber of Commerce of the Philippines (ECCP) and the Asian Business Aviation Association (AsBAA) are set to host the 2024 Aviation...
Capital A divests airline business to AirAsia Group in landmark deal
Capital A Berhad (Capital A) and the newly formed AirAsia Group Sdn Bhd have signed a conditional sale and purchase agreement for Capital...
Cebu Pacific to lease four new Airbus A330neos
Cebu Pacific has entered into a sale and leaseback agreement with Dublin, Ireland-based Avolon for four new Airbus A330neo aircraft. According to Avolon,...
Korean Air breaks ground on new engine maintenance cluster, aims to boost MRO capabilities
Korean Air has begun construction on a new aircraft engine maintenance cluster near Incheon International Airport, with plans to open the facility in...
Rolls-Royce invests in large engine assembly and testing
Aircraft engine manufacturer Rolls-Royce has announced a significant investment in its engine assembly, test, and shop visit capacity in the UK and Germany....
Collins Aerospace begins main cabin seat production at PH facility
Collins Aerospace, a unit of RTX, has delivered the first shipment of main cabin aircraft seats from its production facility in Tanauan City,...
SMC-led consortium clinches P170.6 billion NAIA rehabilitation bid
San Miguel Corporation (SMC), a major Philippine conglomerate, has led a consortium to victory in the P170.6 billion bidding process to rehabilitate and...
