Malaysia’s prime minister confirmed in early-August that debris found on the Indian Ocean territory of Reunion Island last week is from Malaysia Airlines flight MH370, missing for nearly a year and half in what remains one of the biggest mysteries in the history of aviation. “Today, 515 days since the plane disappeared, it is with a very heavy heart that I must tell you that an international team of experts has conclusively confirmed that the aircraft debris found on Reunion Island is indeed … [Read more...] about Reunion Island debris confirmed to be MH370
Gateways
Cebu Pacific sees 1H net profit jump 64%
The Philippines’ Cebu Pacific and its wholly owned subsidiary Cebgo (formerly Tiger Air Philippines), posted a 64 per cent rise in net income of P5.2 billion (US$111.6 million) for the first half of 2015, over the P3.18 billion earned in the same period last year. In the same period, the CEB Group generated revenues of PHP 29.5 billion, an increase of 10.4 per cent year-on-year. Cargo revenues for the first half of 2015 surged by 11.4 per cent to PHP 1.6 billion, from PHP 1.44 billion last … [Read more...] about Cebu Pacific sees 1H net profit jump 64%
Garuda back in the black with US$29.3m net profit
PT Garuda Indonesia (Persero) Tbk. has booked a US$29.3 million net profit in the first half of 2015, representing a 114.5 per cent jump over the same period last year, which was a negative US$201.3 million. Garuda said the performance growth – amidst the economic down turn – has been achieved through various initiatives by the carrier as part of its ‘Quick Wins’ programme, as well as a continuous efficiency strategy. Garuda Indonesia also succeeded in increasing its operating revenue to … [Read more...] about Garuda back in the black with US$29.3m net profit
Bad weather hampers Indonesia crash recovery
Bad weather hampered efforts to recover the bodies of 54 passengers and crew killed when a plane operated by Indonesian carrier Trigana Air crashed in remote eastern Indonesia. The ATR 42-300 twin-turboprop went down on Sunday during a short flight in bad weather in Papua province, killing everyone on board. Rescuers finally reached the crash site, near the settlement of Oksibil that had been the plane’s destination, two days later after initial efforts were hindered by the rough terrain, … [Read more...] about Bad weather hampers Indonesia crash recovery
JAL sees cargo fortunes rise in Q1
The JAL Group (JAL) has announced its volume of international cargo in terms of Revenue Cargo Tonne Kilometres (RCTK) in the first quarter (1 April to 30 June 2015) increased by 9.4 per cent year-on-year and international cargo revenue increased by 5.1 per cent to 14.7 billion yen (US$117.8 million). On the international cargo front, JAL noted that as special shipments from Japan to North America owing to the US west coast port strike showed signs of returning to normal, the group “improved … [Read more...] about JAL sees cargo fortunes rise in Q1
Vietjet awarded IOSA certification
Vietjet has received the certificate of IATA Operational Safety Audit (IOSA) from the International Air Transportation Association (IATA), putting it in the top 16 per cent of the world’s airlines which have achieved that standard. Vietjet also received an Acknowledgement Certificate from Prime Minister of Vietnam Nguyen Tan Dung for its continuous contributions to the development of Vietnam’s economy and society in recent years. The carrier noted these are major accomplishments and a “hugely … [Read more...] about Vietjet awarded IOSA certification