All Asia Pacific news

  • JAL A350-900
    News

    Covid-19 wipes out 78% of JAL’s first-quarter operating revenue

    2020-08-03T08:31:00Z

    Japan Airlines posted a Y93.7 billion ($885 million) net loss in the April to June period, as Covid-19-related travel and quarantine measures nearly wiped out the carrier’s passenger revenues. Operating revenues declined by 78.1% year-on-year to Y76.3 billion in the first quarter of the fiscal year (FY) ending ...

  • TUI 737 Max
    News

    TUI agreement further lifts BOC Aviation's 737 Max sale-and-leases

    2020-08-03T08:25:00Z

    TUI Group has carried out a sale-and-leaseback of five Boeing 737 Max jets with the Singaporean-based lessor BOC Aviation. The European holiday company values the agreement – reached with UK subsidiary TUI Travel Aviation Finance – at $226 million. TUI Group is expecting the first of the Max ...

  • Pratt & Whitney's Eagle Service Asia facility in Singapore overhauls GTF...
    News

    P&W makes significant cuts to Singapore workforce

    2020-08-03T07:51:00Z

    Pratt Whitney, which in recent days refuted rumours that it had axed workers in Singapore, has cut a portion of its workforce in the city-state. The engine-maker, which has been affected by the pandemic-induced economic downturn, says it made the “difficult but necessary decision” to cut “less ...

  • 640 Fokker 70 Alliance c AirTeamImages 255183
    News

    Alliance Aviation picks E190s, says Fokker fleet ‘remains core’

    2020-08-03T05:59:00Z

    Australia’s Alliance Aviation has signed for 14 Embraer E190s — in a move to “position us for the next phase of growth” — but has stressed that its fleet of Fokker aircraft will remain in service for the foreseeable future. The deal, valued at $79.4 million, sees Alliance entering ...

  • Vietjet adds 4 new routes with ticket are available now
    News

    VietJet confident of LCC model despite 54% decline in Q2 revenue

    2020-08-03T03:59:00Z

    VietJet Air is confident of its financial strength and business model, even though second-quarter operating revenues more than halved amid the global Covid-19 outbreak. The Hanoi-based low-cost carrier reported D1.12 trillion ($48 million) in operating losses for the April to June period, as air transport revenue declined 54% year-on-year ...

  • AirAsia X Thailand Airbus A330neo
    News

    Malaysian brokerage issues dire warning about AirAsia X

    2020-08-03T03:54:00Z

    Malaysian brokerage firm CGS CIMB Securities has questioned the ability of AirAsia X to survive the collapse in international air travel. In a research note entitled “Low probability of survival,” CGS CIMB says that the long-haul, low-cost carrier’s first quarter results were just the “opening scene for the horror ...

  • Nok Air
    Analysis

    The lessors with exposure to Nok Air

    2020-08-03T00:44:00Z

    Nok Air has followed the lead of compatriot Thai Airways in filing for business rehabilitation amid the Covid-19 pandemic. The filing is bad news for lessors insofar as it puts an automatic stay on creditor claims, which means no lease rentals will be forthcoming from Nok until at ...

  • AirAsia X Thailand Airbus A330neo
    News

    AirAsia X hopeful of late-year demand revival

    2020-07-31T07:01:00Z

    AirAsia X is still confident that demand “will pick up towards the end of 2020”, though the group acknowledges that it has “no clear visibility on the timing of recovery”. In the meantime, the long-haul low-cost operator expects to remain in “hibernation mode”, maintaining “minimum connectivity” with “essential cargo ...

  • Nok Air
    News

    Nok Air files for business rehabilitation

    2020-07-31T06:33:00Z

    Thai budget carrier Nok Air has filed for business rehabilitation with a view to restructuring the company, taking a similar path to flag carrier Thai Airways which filed for the same protection in May. The country’s Central Bankruptcy Court has accepted Nok Air’s rehabilitation petition for consideration and set ...

  • Airport seats
    Analysis

    Airlines left doubting if enough people can, or will, travel in 2020

    2020-07-30T11:00:00Z

    The industry’s relief at being able to ramp up services as the second half of 2020 began is quickly being replaced by concern that the coronavirus is likely to weigh more heavily on demand than previously thought.

  • T-7A Red Hawk
    News

    Boeing responds to Australian trainer RFI with T-7 information

    2020-07-30T08:11:00Z

    Boeing is pitching the T-7 as a replacement for Canberra’s Hawk 127s.

  • Myanmar National Airlines
    News

    Myanmar further extends international flight ban to end-August

    2020-07-30T08:02:00Z

    Myanmar has further extended a ban on all international flights to the end of August. “In order to continue to [curb] the spread of Covid-19 in Myanmar effectively, the National Central Committee for Prevention, Control, and Treatment of Covid-19 has decided to further extend the effective period of the ...

  • SpiceJet-737
    News

    Prolonged 737 Max grounding, pandemic punish SpiceJet earnings

    2020-07-30T06:26:00Z

    India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The ...

  • HAECO-Xiamen-s-A320-Part-Out-Capability
    News

    HAECO parts out first A320 following CAAC nod

    2020-07-30T03:59:00Z

    HAECO’s Xiamen unit has started disassembly works on its first A320 (MSN 0950), after the Civil Aviation Administration of China (CAAC) gave its approval to do so. Cirium fleets data indicates that the aircraft was delivered to China Southern Airlines in 1999, before being bought by Jiangsu YanWu Aviation ...

  • Singapore Changi T3 Coronavirus
    Opinion

    An eternal midnight for Asia-Pacific airlines

    2020-07-30T03:02:00Z

    Hopeful talk of ”travel bubbles” in the Asia-Pacific has turned to disappointment as the coronavirus demonstrates a profound ability to keep heaping disruption on the travel industry. In early May, hope was in the air in Auckland. New Zealand, one of rare success stories in dealing with the pandemic, ...

  • IndiGo
    News

    Pandemic torpedoes IndiGo profitability

    2020-07-30T02:27:00Z

    Indian low-cost carrier IndiGo plunged deeper into the red in its latest quarterly financial results, amid a collapse in revenue from the coronavirus outbreak. For the quarter ended 30 June, IndiGo reported an operating loss of Rs28.4 billion ($380 million), reversing the INR15.1 billion profited it made last year. ...

  • Singapore Airlines Airbus A380
    News

    SIA A380 future in limbo as review of future network, fleet size underway

    2020-07-29T11:02:00Z

    Singapore Airlines Group will in the next six months be reviewing the size and shape of its network and fleet over the long term. 

  • Singapore Airlines SIA Airbus A350-900
    News

    SIA defers Airbus deliveries amid S$1 billion Q1 operating loss

    2020-07-29T10:13:00Z

    Singapore Airlines Group has reached an agreement with Airbus regarding aircraft deliveries and payment deferrals, as it reported a massive quarterly operating loss. The group, which comprises mainline carrier SIA, regional arm SilkAir, as well as low-cost unit Scoot — says it has reached an agreement with Airbus on ...

  • MQ-9 Reaper - US Air Force
    Analysis

    Trump administration’s relaxation of UAV export rules offers belated boon for US manufacturers

    2020-07-29T08:39:00Z

    The Trump administration’s decision to modify its adherence to the Missile Technology Control Regime (MTCR) is positive for American manufacturers of large unmanned air vehicles (UAVs), but comes after much ground has already been ceded to China. From the perspective of US defence firms, the MTCR is perhaps the ...

  • ANA 787-9
    News

    ANA swings to ‘large quarterly loss’ amid revenue collapse

    2020-07-29T07:00:00Z

    Despite attempts to bring expenses down amid the coronavirus outbreak, All Nippon Airways’ parent company ANA Holdings swung to a massive loss in the first quarter. For the three months ended 30 June, ANA Holdings reported an operating loss of Y159 billion ($1.51 billion). This was in contrast to ...