[Singapore] SIA and Alibaba Group forges alliance to step up services

It will cover flight ticket sales and loyalty programmes, amongst others. Singapore Airlines (SIA) and Alibaba Group teamed up to provide enhanced experience for travellers through the transformative potential of technology, as well as joining forces in other areas, an announcement revealed. The partnership will include several players in Alibaba Group’s ecosystem including Fliggy, Alibaba…

[INDONESIA] Garuda issues Rp 2t asset securitization

A Garuda Indonesia aircraft (Shutterstock.com/e X p o s e)   Garuda issues Rp 2t asset securitization In its latest corporate move, National flag carrier Garuda Indonesia issued on Tuesday asset-backed securities under collective investment contracts (KIK-EBA) totaling Rp 2 trillion (US$138.7 million) on the Indonesia Stock Exchange (BEI). The airline used the KIK-EBA as an instrument for asset…

[Vietnam] New private airlines boost Vietnam aviation industry development

The Hanoitimes – Vietnam would need at least 10 additional new airlines to meet growing demands in near future, according to an estimation by the International Air Transport Association (IATA). The birth of new airlines, along with its subsequent investments in Vietnam’s aviation infrastructure, promises a significant improvement in the country’s air transport capabilities and…