ARC NEWS
AirAsia’s Vietnam dream hits the rocks - again
April 18, 2019
AirAsia’s third attempt for a low-cost carrier in Vietnam have fallen through, with the termination of a joint venture with local partners. “The Company wishes to announce that its wholly-owned subsidiary AirAsia Investment Limited, together with Gumin Company Limited and Hai Au Aviation Joint Stock Company, have amicably agreed to terminate and release each other from all obligations under the transaction agreements in relation to the proposed joint venture in Vietnam, effective 17 April 2019,” says AirAsia in a statement. AirAsia says that it is still interested in Vietnam owing to its geography, growing aviation market, and overall potential, despite the most recent set back.


Hong Kong Airlines asked to clarify financial situation
April 17, 2019
Hong Kong Air Transport Licensing Authority (ATLA) again asked for Hong Kong Airlines (HKA) to clarify how it will improve its financial situation, yet the airline insists that its financial issues will not affect its operations during the upcoming peak travel periods. ATLA has asked HKA to “submit a concrete plan with a view of improving its financial situation”.ATLA can revoke or suspend an airline’s licence should it deem that it has failed to meet applicable regulations, including those around its financial position. HKA has indicated to the regulator that it has made partial repayments to some creditors. “ATLA has requested HKA to continue to report the settlement progress until the claims have been settled completely,” the authority says.


Search continues for missing Japanese F-35A
April 17, 2019
The search for the missing Lockheed Martin F-35A operated by the Japanese Air Self-Defense Force that crashed last week in the northern Pacific Ocean is still ongoing. Japanese media reports indicate that that the aircraft’s tail has been recovered, but the aircraft’s fuselage and the body of the pilot are still missing. The aircraft crashed on the 9th of April while busy with a nighttime training session, operating from Misawa air base. US and Japanese ships, aircraft, and a submersible continue to search for the missing jet. The search area is reportedly 135km out to sea east of Japan’s Aomori prefecture. Media reports suggest there is a concern that the aircraft, if not found, could possibly end up in the hands of foreign powers, such as China or Russia.


LOG ON

CONTACT
SGS Aviation Compliance
ARC Administrator
SGS South Africa (Pty) Ltd
54 Maxwell Drive
Woodmead North Office Park
Woodmead
2191
South Africa

Office:   +27 11 100 9100
Direct:   +27 11 100 9108
Email Us

OFFICE DIRECTORY
Find SGS offices and labs around the world.
The ARC is a mobile friendly website.