Singapore Airshow 2018 - Asia's Largest Aerospace and Defence Event

Industry Updates

Source: Asian Aviation

China’s HNA buying majority of SR Technics

SR Technics has announced that its sole shareholder, Mubadala, the Abu Dhabi investment and development company, has agreed to sell an 80 percent stake in the company to Haikou, China-based HNA Aviation. SR Technics will remain a stand-alone business within HNA Aviation’s portfolio of aviation business. Mubadala, a shareholder since 2006, will retain a 20 percent stake in the company. Financial details were not disclosed. This is just the latest in a string of deals by HNA Aviation and its parent HNA Group. HNA Group in June bought a 13 percent stake in Virgin Australia for US$159 million to help the airline shore up its balance sheet. HNA has the ability under the terms of that deal to push its holding to 19.99 percent eventually.

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Source: Defence Review Asia

Roketsan and Airbus Helicopters Has Signed a Memorandum of Understanding

Roketsan Missiles Industries Inc of Turkey and Airbus Helicopters, has signed a Memorandum Of Understanding to execute a program to integrate 2,75” Laser Guided Missile (CİRİT) to H135M and H145M helicopters. Airbus Helicopters as the design and manufacturer of lightweight armed combat helicopter platforms H135M and H145M, and Roketsan as the missile house of the 70mm Laser Guided Missile “CİRİT”, combined the extensive capabilities of their products and to provide a leading solution for worldwide customers.

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Source: Asian Aviation

Asiana IDT and SITA Partner To Deliver Airline And Airport Excellence In Korea

Asiana IDT, the IT service provider and affiliate of the Kumho Asiana Group based in Korea, today announced a partnership agreement with global travel technology provider SITA. Together the partners will deliver world-class solutions and customer services to airlines and airports in Korea and across Asia. SITA is the world's leading specialist in air transport communications and information technology. This strategic partnership will see its extensive portfolio of solutions for passenger management, cargo, government, and communications and infrastructure services provided to Asiana IDT’s airline and airport customers. SITA’s technology solutions will be fully backed by the extensive regional expertise of Asiana IDT.

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Source: Asian Aviation

Hong Kong Airlines Once Again Named as a Skytrax 4-star Airline

Ranked Top Three in the “Best Regional Airline: Asia” Marching Towards its 10th Anniversary Hong Kong Airlines has received numerous honours in the 2016 World Airline Awards. Besides being awarded the highly-esteemed Skytrax 4-star rating, Hong Kong Airlines also ranked third place in Skytrax “Best Regional Airline: Asia”. Mr. Stanley Kan, Director of Hong Kong Airlines' Service Delivery and Mr Christopher Birt, General Manager, Inflight Services were invited to receive the honour on behalf of the airline at a ceremony staged by Skytrax at the Farnborough International Airshow Trade 2016 yesterday.

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Source: Asian Aviation

Boeing forecasts demand at US$5.9 trillion

US manufacturing stalwart Boeing announced at the Farnborough Airshow in England that it projects a global demand for 39,620 new airplanes over the next 20 years, an increase of 4.1 percent over last year's forecast, saying those planes should be worth US$5.9 trillion. "Despite recent events that have impacted the financial markets, the aviation sector will continue to see long-term growth with the commercial fleet doubling in size," said Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes. "We expect to see passenger traffic grow 4.8 percent a year over the next two decades."

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Source: Asian Aviation

Embraer sells E190s to Indonesia’s Kalstar

Brazillian plane maker Embraer announced at Farnborough that Indonesia’s Kalstar Aviation, a regional operator, signed a firm order for five E190-E2s with additional purchase rights for up to five other planes of the same model for a total order value of US$582 million at list prices. Embraer said it would include the sales as part of its 2016 third-quarter backlog with deliveries scheduled to begin in the first quarter of 2020. The order means the E-Jets E2 backlog now stands at 272 firm orders plus 388 letters of intent, options and purchase rights for a total of 660 commitments from airlines and leasing companies.

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