Airlines around the world are moving quickly to increase their jet fuel hedging as they eye five month lows in crude prices that many expect to taper off at around US$50 a barrel. "Some airlines are popping in and hedging bits and pieces daily at a Brent price of $55 and down to $50," said a trader with a bank that handles hedging for many Asian airlines according to Reuters. Indonesia's PT Garuda Indonesia has hedged 45 per cent of its 2015 jet fuel needs and is now looking to raise that … [Read more...] about Record low oil prices fuel hedging strategies
Asiana
Asiana signs FHS components contract with Airbus
South Korea’s Asiana Airlines has selected Airbus Flight Hour Services (FHS) to provide components support for its A330 operations. The FHS Components agreement, which will run for 10 years, provides an extensive scope of A330 line replaceable units (LRUs), guaranteed spare parts availability through pool access service, on-site stock at customer main base and selected outstations, as well as repair service to Asiana Airlines. Sang-Woo Noh, SVP Purchasing & Legal Affairs at … [Read more...] about Asiana signs FHS components contract with Airbus
Clear and present danger
The tragic crash of an Asiana Airlines freighter last month off the southern coast of South Korea is sure to once again ignite debate over the carriage of lithium batteries aboard aircraft. While the cause of the crash has not yet been determined the fact the B747-400F experienced an onboard fire combined with the fact it was carrying cargo which included shipments of lithium batteries is simply a clear smoking gun for most observers. If it is indeed found to be the case, it will be the second … [Read more...] about Clear and present danger
