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Aviation & Engineering
Anti-competition watchdog seeks public feedback on proposed CAE-SIA flight training centre
SINGAPORE (Dec 27): The Competition Commission of Singapore (CCS) is asking the public to provide feedback on a proposed joint venture (JV) by CAE International Holdings and Singapore Airlines (SIA).
December 27, 2017
Aviation & Engineering
Singapore Air and SilkAir to codeshare on Scoot flights
SINGAPORE (Dec 5): Customers of Singapore Airlines (SIA) and SilkAir can now enjoy more travelling choice and convenience to over 130 destinations across the SIA Group network from the new codeshare agreement with Scoot, the group’s low-cost subsidiary.
December 05, 2017
Results
SATS posts 16.3% rise in 2Q earnings to $72.2 mil on higher overseas contributions
SINGAPORE (Nov 9): Gateway solutions provider SATS has announced $72.2 million in earnings for 2QFY17-18, up 16.3% from $62.1 million in the same period a year ago on higher overseas contributions and a one-off gain.
November 09, 2017
Results
SIA's 2Q earnings nearly treble to $190 mil; declares 10 cents interim dividend
SINGAPORE (Nov 7): Singapore Airlines (SIA) has reported earnings of $190 million for 2Q17/18 ended Sept, up nearly three times from its earnings of $65 million in the same period a year ago on stronger operating results.
November 07, 2017
Aviation & Engineering
AirAsia to sell more stakes in non-flying businesses to fund dividends
(Oct 31): AirAsia Bhd on Tuesday said it plans to sell more stakes in non-flying businesses to fund special dividends to shareholders, after announcing a new ground handling joint venture (JV) with Singapore's SATS.
October 31, 2017
Aviation & Engineering
SATS to provide catering services to Turkish Airlines at Istanbul airport
SINGAPORE (Oct 19): SATS' wholly-owned subsidiary, SATS Investments, has entered into a memorandum of agreement (MOA) to provide Turkish Airlines and other airlines in-flight catering services at Istanbul New Airport.
October 19, 2017
Broker's Calls
SATS upgraded by OCBC on valuation grounds
SINGAPORE (Oct 2): OCBC Research is upgrading its call on SATS to “buy” from “hold” on valuation grounds, with an unchanged fair value of $5.05.
October 02, 2017
Broker's Calls
The glory of this stock's super growth is finally fading
SINGAPORE (Sept 25): CIMB Research is downgrading its call on SATS to “reduce” from “hold” with a lower price target of $4.24 compared to $5.11 previously, after accounting for slower revenue growth from food solutions and its Japanese subsidiary,
September 25, 2017
Aviation & Engineering
New Trump ban restricts travel from eight countries
WASHINGTON (Sept 25): President Donald Trump ordered restrictions or suspensions on travel to the US from eight countries, replacing his ban on travelers from six Muslim-majority nations that had been limited by court challenges.
September 25, 2017
Aviation & Engineering
Boeing boosts Southeast Asia order forecast on strong demand
SINGAPORE (Sept 22): Boeing Co said on Friday it had increased its 20-year forecast for Southeast Asian demand by 460 aircraft, the largest jump of any global region, as low-cost carriers make travel more accessible.
September 22, 2017