By Dominic Lalk
It has been a rapidly developing week in Asia-Pacific commercial aviation. On Thursday, Asia’s largest airline, China Southern Airlines, declared it would leave the SkyTeam alliance in 2019, raising questions of what’s next for China Southern and its neighbour in Hong Kong, Cathay Pacific Airways.
In Jakarta, it was announced that Garuda Indonesia subsidiary, Citilink, would take over operational and financial management of Sriwijaya Air, a struggling rival carrier. In Singapore, the SIA Group posted a 69% first-half profit decline, to US$142 million, while VietJet Air in Hanoi reported healthy profit gains. In Shanghai, China Eastern Airlines purchased an 8% shareholding in Juneyao Airlines and in Hanoi, Bamboo Airways received its long-awaited business licence.
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