By Dominic Lalk
The International Air Transport Association forecasts solid economic growth in 2019 for the global airline industry with Asia-Pacific carriers predicted to report a collective annual profit of US$10.4 billion in 2019, up from $9.6 billion this year.
Indonesia’s Lion Group this week said it might cancel its 230 remaining B737 MAX orders after feeling “betrayed” by Boeing in the aftermath of the fatal Lion Air crash in the Java Sea in October. AirAsia X is considering conversion of its July Memorandum of Understanding for 34 additional A330-900neo to A321neoLR orders because of market conditions. Also in Kuala Lumpur,Malaysia Airlines this week rebranded its first class offering as ‘business suite’. Airline group CEO, Izham Ismail, said the product was introduced in response to “customer demand”.
In China, Hainan Airlines will add Guiyang-Paris and Xian-Los Angeles to its network, EVA Airways will launch flights to three destinations in Japan and Jet Airways has codeshare partnership with Saudi low-cost carrier, flynas. HNA Group controlled lessor, Avolon, has confirmed an order 100 additional A320neo Family jets and BOC Aviation booked another three B777-300ERs.
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