aviation

ST Engineering achieves record-high order book; SIA Group improves revenue and efficiency

SINGAPORE (Dec 20): It has been a good year for engineering group ST Engineering, which has seen all-round growth from its various business units. It received orders from both defence and commercial customers and earnings increased from its existing businesses as well as newly acquired ones.

For example, the company’s newly acquired business, Middle River Aerostructure Systems, helped lift revenue for 3QFY2019 by 53% y-o-y to more than $1 billion. MRA Systems manufactures thrust reversers, engine nacelle components and specialised aerostructures.

Getting Malaysia's aviation reset right

The Malaysian aviation sector faces uncertainty as the government pushes multiple agendas that will shift the ground and sky significantly for the sector. Apart from restructuring industry regulator Mavcom, it is also looking to break the monopoly of MAHB by opening the industry up to more airport operators, not to mention possibly instructing Khazanah Nasional to pare down its stake in MAHB.

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Singapore sees world's first digital aviation carbon exchange

(Oct 31) Singapore-based AirCarbon launched the world’s first blockchain-based carbon trading exchange, which will allow airlines and other corporate buyers to buy and sell tokens backed by carbon offset credits approved by the International Civil Aviation Organization.

The company is applying to the Monetary Authority of Singapore for a recognized market operator license and targets for the exchange to be fully operational in 2020, it said in a statement Wednesday.

Qantas to test in-flight service alternatives to ditch jet lag on world's longest flight

(Oct 18): Qantas Airways will ditch the traditional in-flight service routine for this weekend’s marathon nonstop trip from New York to Sydney.

At almost 20 hours, the unprecedented journey is set to be the world’s longest flight. It’s a key test run as Qantas prepares to start direct commercial services connecting Sydney with New York and London as soon as 2022.

Singapore Air picks crucial fight against Emirates in India

(Aug 7): Singapore Airlines just picked a fight with Emirates in a grab for India’s international travellers, and a slice of one the world’s fastest-growing aviation markets.

Singapore Air’s unprofitable Indian venture Vistara completed its first overseas flight -- between New Delhi and Singapore -- on Wednesday. It’s the start of an uphill battle against Middle East airline giants, led by Emirates and Etihad Airways PJSC, that dominate India’s offshore routes.

United Technologies, Raytheon to combine as defense giant

NEW YORK (June 10): United Technologies Corp. agreed to buy Raytheon Co. in an all-stock deal, forming an aerospace and defense giant with US$74 billion ($100.9 billion) in sales in one of the industry’s biggest transactions ever.

ST Engineering expands MRO presence to Vietnam with $5.3 mil JVCo

SINGAPORE (June 6): ST Engineering’s Aerospace unit and Vietnam Airlines Engineering Company (VAECO), a subsidiary of Vietnam Airlines, have formed a 49:51 joint venture (JV) entity in Vietnam following a memorandum of understanding (MoU) signed in April last year.

Called Vietnam Singapore Technologies Engineering Aerospace, the JV company was set up with a capital of US$3.9 million ($5.3 million) to provide component maintenance, repair & overhaul (MRO) solutions.

It also establishes ST Engineering’s foray into Vietnam.

SATS well supported by decent dividend yield, strong growth prospects: DBS

SINGAPORE (May 23): DBS Vickers Securities is remaining positive on SATS with a “buy” call and target price of $5.44, on the belief that Changi Airport and regional aviation growth will continue to drive the gateway services provider’s long-term earnings growth.

This comes after SATS ended FY19 with earnings of $248.4 million, down 5% y-o-y due to the absence of one-off gains.

ATA.ONE offers cheap airfares to fill empty seats

SINGAPORE (May 20): From booking tickets to online checkins, mobile apps have been transforming the travel experience for airlines and passengers alike over the past decade or so.

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This app is a win-win solution for both airlines and travel junkies

SINGAPORE (May 17): 2.2 million seats are left unsold every day around the world, translating to significant lost revenue for thousands of commercial airlines globally.

Now, there is now an app that lets passengers seek bargain airfares by bidding for last-minute left over seats while helping airlines fill empty seats at the same time.

ATA.ONE is currently only available in Europe and the Middle East. 

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