• THE FIRST A380. MSN1, REGISTRATION F-WWOW AT CHANGI AIRPORT SINGAPORE IN 2005. PIC/AIRBUS
    Aviation,  Economics,  Featured

    Airbus A380: We told you so – 11 years ago!

    “When love breaks down The lies we tell They only serve to fool ourselves” Prefab Sprout, from the 1985 album Two Wheels Good, When Love Breaks Down How unromantic can the Europeans be? Airbus has chosen to end its love affair with the A380 on, of all days, Valentine’s Day. Outgoing CEO Tom Enders announced the demise of the A380 and at the same time diverted our attention to Emirates’ order for 40 A330-900 and 30 A350-900 planes. All it took were six paragraphs to admit the failure of the USD15 billion programme and an assurance the superjumbo “will still roam the skies for many years to come…” According to Airbus the last…

  • A MALAYSIA AIRLINES A350XWB TAKING OFF FROM TOULOUSE. PIC/AIRBUS
    Economics

    Massive losses at Malaysia Airlines, again

    Flag carrier Malaysia Airlines Berhad (MAB) has a special gift for Malaysians celebrating Malaysia Day on 16 September; and we’re not talking about this video it has just released. To all Malaysians out there… drum roll please… MAB lost a staggering MYR812 million (USD196 million) for the financial year 2017 (see below), adding to the MYR439 million and MYR1.13 billion losses in 2016 and 2015, respectively. Yes, Malaysians, that’s your money gone down the drain. Again. The airline – which received a MYR6 billion bailout from Khazanah Nasional in 2014 – has now accumulated total losses of nearly MYR2.4 billion in the last three years since it was delisted end-2014. It filed its 2017 financial statement only in August.…