Sarawak’s startup airline will put people before profits
30.11.2022 – 04:22 UTC
The Sarawak state government is continuing its push for a local scheduled passenger airline and is now saying their proposed start-up, which would be operated and managed by state-owned local charter operator Hornbill Skyways ( Kuching), will put people before profit.
“As the boutique airline belongs to Sarawak, we will have our own model to create the airline without following those like Malaysia Airlines or AirAsia,” Sarawak Prime Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg said in a speech. pronounced this weekend. “There are people who wonder why you have to create an airline. For me, it’s one of the infrastructures that you have to build. It’s like building roads. You don’t talk about the intangible returns you will get road building because it provides connectivity. The same goes for the airline.”
The state government is keen to attract more tourists to Sarawak and is offering a way to get there by bypassing Kuala Lumpur International Transit. Local media reports that Prime Minister…
India’s IndiGo has agreed to lease B777s with crew for 12 months
30.11.2022 – 03:33 UTC
India’s Directorate General of Civil Aviation (DGCA) met with IndiGo Airlines (6E, Delhi Int’l) midway through its proposal for the wet lease of B777-300(ER) to Turkish Airlines (TK, Istanbul New ). IndiGo had wanted to take on three Boeings for a two-year period, but Indian regulations only allow a three-month wet lease plus a three-month extension. After initially denying IndiGo’s waiver request, the DGCA has now agreed to a one-year lease term comprising a six-month lease plus a six-month extension.
While IndiGo wants to operate the wet-leased aircraft on India-Turkey routes, DGCA approval is conditional on the airline launching flights to Europe or the United States. Currently, IndiGo flies as far west as Istanbul New and as far east as Guangzhou. The airline has long planned to fly to London Heathrow, but so far those plans have come to nothing.
In a statement provided to ch-aviation following the one-year approval, IndiGo said it had not yet finalized lease agreements but was interested in using the B777-300ERs on the Mumbai…
UK anti-trust authority welcomes Korean Air/Asiana merger
30.11.2022 – 02:43 UTC
Britain’s Competition and Markets Authority (CMA) said it would approve the proposed merger between Korean Air and Asiana Airlines after raising serious concerns about it earlier this month. In a Nov. 28 statement, the CMA said it now has reasonable grounds to believe that the undertakings offered by Korean Air since then, or potential modifications to those undertakings, would address its past antitrust concerns.
In a Nov. 21 communication, Korean Air reportedly addressed issues raised by the CMA in a Nov. 14 announcement in which the competition authority said it believed the merger “could lead to a substantial lessening of competition in the within a market or markets in the United Kingdom.” The CMA also said it would escalate its investigation into a tougher Phase 2 investigation unless Korean Air addresses the concerns raised.
If approved by all jurisdictions, the Korean Air/Asiana merger would create the world’s seventh largest airline and dominate passenger and air cargo traffic between the UK and South Korea. With British Airways (BA, London Heathrow) pulling out of…
Singapore Airlines takes 25% stake in Air India
30.11.2022 – 01:53 UTC
Singapore Airlines (SQ, Singapore Changi) is swapping its 49% stake in Vistara (UK, Delhi Int’l) for a 25.1% stake in Air India (AI, Mumbai Int’l), with the deal opening pave the way for Tata Sons to merge its two India-based full-service airlines within 18 months. Singapore Airlines says it gets an instant stake in an airline entity four to five times the size of Vistara.
Details of the highly anticipated deal were confirmed on November 29, with the Vistara/Air India merger expected to close by March 2024 and Singapore Airlines and Tata committing major future capital injections to Air India. Singapore Airlines announces that it will immediately invest INR 2.585 billion rupees (USD 252 million) under the agreement and up to INR 5.2 billion (USD 614.5 million) once the merger is completed.
“We have the opportunity to deepen our relationship with Tata and participate directly in an exciting new phase of growth in the Indian aviation market,” Singapore Airlines CEO Goh Choon Phong said in a statement. “We will work together to support…
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