An Embraer passenger plane belonging to Azerbaijan Airlines crashed on Wednesday, December 25, near the city of Aktau in Kazakhstan, resulting in 38 fatalities. The incident occurred after the aircraft deviated from a region in Russia recently fortified against Ukrainian drone assaults. According to Russia’s aviation authorities, the crash of flight J2-8243 might have resulted from an emergency, potentially triggered […]
Airlines
In 2023, the air transport maintenance, repair, and overhaul (MRO) market was estimated to be valued at USD 105.30 billion. Driven by the growing need for MRO services in the aviation industry and a heightened focus on maintaining operational efficiency and safety, the market is projected to expand at a compound annual growth rate (CAGR) of 2.2% from 2024 to […]
Although the demand for travel in the Asia-Pacific region has rebounded from the pandemic, industry officials believe that ongoing supply chain problems are negatively impacting airline profits and exposing them to stricter consumer protection laws. As the aviation sector recovers, there has been a shortage of new aircraft, labor, and components, and the demand for repairs on the latest engines […]
Currently valued at $52 billion, the Asia-Pacific commercial aircraft services market is expected to grow to $129 billion. The primary driver for this growth is the region’s demand for over 19,500 new aircraft, alongside an increase in passenger air traffic, which is growing at a compound annual growth rate (CAGR) of 4.81%. This rising demand for services will be reflected […]
Five countries in the Asia-Pacific region are accelerating their shift towards sustainable aviation fuel (SAF) through various new initiatives in Australia, Singapore, Japan, Malaysia, and Thailand. Recently, Singapore Airlines and its low-cost subsidiary, Scoot, announced their first purchase of SAF at Changi International Airport from Neste’s Singapore refinery, which is currently the largest single SAF production facility in the world. […]
As sales and yield stabilize in 2024, the MyAvation has announced that airlines have surpassed their pre-pandemic capacity. All regions have achieved 2019 capacity levels, and revenues and yields stabilized in 2023 and early 2024, marking a significant recovery for the airline industry from the pandemic. As of September 2024, the world’s passenger capacity in Available Seat Kilometres (ASKs) has […]
Lifedot, a leading medevac provider in Asia, has announced the expansion of its services under Lifedot, now rebranded as Lifedot Medevac. This change follows a recent expansion of Lifedot’s offices in Malaysia and Singapore. The expansion aligns with MyJets Asia’s growth strategy and enhances its goal of serving as a comprehensive provider for a diverse clientele across the insurance, corporate, […]
The International Air Transport Association (IATA) shared positive news for the airline industry on June 3, 2024. They have revised their forecast for airline profitability, indicating a steady recovery after the global pandemic. IATA now predicts a net profit of $30.5 billion for 2024, up from their previous forecast of $25.7 billion in December 2023 and an improvement over the […]
A revolutionary 2024 is anticipated for the aviation sector, with the airline industry expected to achieve strong operational profitability despite increasing sustainability challenges. In 2024, the aircraft sector is expected to undergo revolutionary changes, with the airline industry projected to achieve strong operational profitability despite increasing sustainability constraints. Experts and industry insiders anticipate significant advancements and changes in the aviation […]
To achieve net zero carbon emissions by 2050, Malaysia has unveiled a decarbonization roadmap for the aviation industry.
