Sarawak’s startup airline will make people more than profits.
30.11.2022 – 04:22 UTC
The Sarawak state government is continuing its push for a local scheduled passenger airline and now says its proposed start-up, to be operated by state-owned local charter operator Hornbill Skyways (Kuching), will Will put people before profit.
“Since the boutique airline is owned by Sarawak, we will have our own model to establish an airline without following Malaysia Airlines or AirAsia,” Sarawak Premier Datuk Patanggi Tan Sri Abang Johari Tun Oping said in a speech at the weekend. I said. “There are people who question why there is a need to establish an airline. To me, it is one of the infrastructures that we should build. It is just like building roads. Building a road because it provides connectivity. So, the same goes for the airline.”
The state government is keen to bring more tourists to Sarawak and Kuala Lumpur offers a way to get there bypassing international transit. Local media is reporting that the Prime Minister…
India’s IndiGo approves wet leasing of B777s for 12 months.
30.11.2022 – 03:33 UTC
India’s Directorate General of Civil Aviation (DGCA) has proposed a wet lease of a B777-300 (ER) from Turkish Airlines (TK, Istanbul New) halfway to IndiGo Airlines (6E, Delhi Int’l). have met IndiGo wanted to take three Boeings for a period of two years, but Indian regulations allow only a three-month wet lease plus a three-month extension. After initially rejecting IndiGo’s waiver request, the DGCA has now agreed to a one-year wet lease period comprising a six-month lease and six-month extension.
While IndiGo wants to operate wet-leased aircraft on routes between India and Turkey, the DGCA’s approval depends on the airline starting flights to Europe or the US. Currently, IndiGo flies west to Istanbul New and east to Guangzhou. The airline has long planned to fly to London Heathrow, but the plans have so far come to naught.
In a statement provided to ch-Aviation after a year of approval, IndiGo said it is yet to finalize lease agreements but intends to use B777-300ERs on Mumbai…
UK antitrust authority warms to Korean Air/Asiana merger
30.11.2022 – 02:43 UTC
The UK’s Competition and Markets Authority (CMA) has indicated it will approve a proposed merger between Korean Air and Asiana Airlines after raising significant concerns about it earlier this month. In a Nov. 28 statement, the CMA said it now has reasonable grounds to believe Korean Air’s proposed measures, or possible changes to those measures, have addressed its earlier antitrust concerns. will remove
In a Nov. 21 submission, Korean Air reportedly addressed issues raised by the CMA in a Nov. 14 announcement in which the competition authority said it believed the merger would result “in a market or markets A substantial reduction in competition can be expected. United Kingdom United Kingdom.” The CMA also said it would escalate its inquiry to a rigorous Phase 2 investigation unless Korean Air responds to 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 the return of British Airways (BA, London Heathrow)…
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 Tata The way is paved for Sons. to merge its two full-service India airlines within 18 months. Singapore Airlines says it is getting an immediate stake in an airline giant four to five times bigger than Vistara.
Details of the much-anticipated deal were confirmed on November 29, with the Vistara/Air India merger timetabled for completion by March 2024 and Singapore Airlines and Tata Air India committing to a significant future investment. . Singapore Airlines says it will invest INR2.585 billion (USD252 million) immediately as part of the deal and up to INR5.2 billion (USD614.5 million) once the merger is complete.
“We have the opportunity to deepen our relationship with Tata and participate directly in an exciting new phase of growth in India’s aviation market,” Singapore Airlines CEO Goh Chun Fong said in a statement. “We will work together to help Air India…