aviation

SINGAPORE (April 30): Singapore Airlines (SIA) and SATS Ltd have agreed to renew a suite of aviation services contracts for the next five years as part of their bid to strengthen Singapore’s overall competitiveness as a hub.

SINGAPORE (April 25): China Aviation Oil (CAO) has announced 1Q19 earnings of US$26.3 million, down 2.12% y-o-y from US$26.9 million a year ago due to lower revenue.

SINGAPORE (April 1): SIA Engineering Company (SIA EC) is establishing a $2.74 million line maintenance joint venture (JV) company in Thailand with low-cost carrier (LCC) airline, NokScoot Airlines.

SINGAPORE (Mar 27): RHB Research is upgrading its call on China Aviation Oil (CAO) to “buy” from “hold”, while raising its target price on the stock by 10 cents to $1.60 to suggest 26% upside plus 3.6% yield.

SINGAPORE (Mar 1): RHB Research is remaining “neutral” on China Aviation Oil (CAO) after the group reported FY18 earnings of US$94 million ($127 million), up 10% y-o-y and coming in slightly ahead of RHB and consensus estimates on better-than-expected

SINGAPORE (Jan 31): UOB Kay Hian is maintaining “overweight” on Singapore’s aviation sector with expectations of Singapore Airlines and ST Engineering to surprise on the downside in the ongoing earnings reporting season.

SINGAPORE (Jan 22): SilkAir, the regional wing of Singapore Airlines (SIA), is introducing Phase 2 of its direct flight trial between Singapore and Broome, Western Australia, this June 2019.  

SINGAPORE (Jan 17): Zuji, an Asian online travel booking site, is no longer operational after failing to renew licenses in Hong Kong and Singapore and an air ticketing system terminated its services.

SINGAPORE (Jan 15): The overall passenger load factor (PLF) of airlines under Singapore Airlines (SIA) group concluded at 85% in December 2018 – up 0.3 percentage points (ppt) from 84.7% a year ago as well as outpacing capacity injection of 6.8% in term

SINGAPORE (Jan 11): OCBC Investment Research is downgrading SATS back to “hold” while raising its fair value to $5.34 from $5.23 previously, after updating its cost of equity (COE) assumptions to factor in its latest share price rally.