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

Industry Updates

News ItemSource: Asian Aviation

Swedish lessor signs LOI for 10 MRJs

Mitsubishi Aircraft announced at Farnborough that Sweden’s Rockton AB, a regional aircraft leasing company, had signed a letter of intent for a firm order of 10 MRJ90 aircraft with an option for an additional 10 planes. Rockton is the first European company and second lessor in MRJ program to select the MRJ. Deliveries to Rockton are scheduled to commence in 2020, Mitsubishi said in a statement. Niklas Lund, president of Rockton said “we find the MRJ airliner to be an exceptional product that will be operating worldwide in a not too distant future. Rockton is, with great anticipation, looking forward to developing and expanding the future operator base in close co-operation with Mitsubishi Aircraft. The MRJ is a game changer.”

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News ItemSource: Asian Aviation

AirAsia may list in Hong Kong

AirAsia may seek a public listing in Hong Kong and may set up a joint venture in China as the the Malaysia-based group looks for more aircraft to meet strong demand in North Asia and elsewhere, Reuters reported on the sidelines of the Farnborough Airshow. The carrier is Asia's largest low-cost airline group with affiliates across Southeast Asia. Co-founder and chief executive Tony Fernandes referred to the potential dual listing without naming a location and hinted at a potential new aircraft order in remarks posted on his Twitter account on Sunday. "Looking at more ancillary (revenues), more capacity and dual listing," he said.

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News ItemSource: Asia Pacific Defence Reporter

Australia’s first F-35A Commanding Officer

Australia’s first Commanding Officer (CO) of the F-35A, Wing Commander Darren Clare has had his first opportunity to see the F-35 up close at the Royal International Air Tattoo (RIAT) in the United Kingdom. WGCDR Clare is currently posted to the United Kingdom to complete the Advanced Command and Staff Course, and said he is looking forward to commencing his appointment as Commanding Officer of Number 3 Squadron in 2017.

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News ItemSource: Asian Aviation

Passenger demand moderates – IATA

Data released by the International Air Transport Association (IATA) showed global passenger demand in May measured in revenue passenger kilometers (RPKs) rose 4.6 percent compared to the same month in 2015, which was the same level achieved in April. Capacity rose 5.5 percent, which pushed the average load factor down 0.7 percentage points to 78.7 percent. Demand for domestic traffic rose 5.1 percent, outpacing international demand growth of 4.3 percent, IATA said.

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News ItemSource: Asian Aviation

India Sees Highest Domestic Market Growth in 2015 – IATA

The International Air Transport Association (IATA) announced industry performance statistics for 2015 that showed India had the fastest domestic passenger growth last year. With annual growth of 18.8 percent in a market of 80 million domestic passengers, India’s performance surpassed that of Russia (11.9 percent growth, in a market of 47 million domestic passengers), China (9.7 percent growth, in a market of 394 million domestic passengers) and the United States (5.4 percent growth, in a market of 708 million domestic passengers).

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News ItemSource: Asia Pacific Defence Reporter

Over 100 jobs created as new Hawk sustainment role starts

BAE Systems Australia has created 116 new jobs as the Company starts providing operational maintenance to the Royal Australian Air Force’s (RAAF’s) Hawk 127 Lead-In Fighter fleet. The Company is directly supporting the training of Australia’s next combat aircrew, delivering all Hawk maintenance support on the flight line at RAAF Bases Williamtown and Pearce. This work has created 68 jobs at Williamtown, New South Wales, and 48 at Pearce, Western Australia.

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