is confident of the aviation sector's prospects moving forward, following a stellar turnaround in its second quarter ended June 30, 2023.
"We now have a line of sight on the completion of our planes. As of today, we have successfully taken 175 aircraft out of storage, and expect to restore into service 180 by the end of the third quarter. The group said it is supported by the upward trajectory of ancillary revenue per passenger, which is projected to gain momentum to reach US$358mil in the second half, up 27% compared to the same period pre-Covid, driven by strong new product initiatives and dynamic pricing.
Meanwhile, its maintenance, repair and overhaul division called Asia Digital Engineering is also aggressively expanding to Thailand, Indonesia and the Philippines with operations expected to commence by the end of this year.
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