All articles by Alfred Chua – Page 10
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Scoot to take first E2 in March; five jets by end-2024
Scoot will take delivery of its first Embraer E190-E2 jet in March next year, as it focuses on building up its short-haul network.
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In ‘aspirational’ first, AAPA members target 5% SAF usage by 2030
The Association of Asia Pacific Airlines (AAPA) has for the first time listed “aspirational” targets for sustainable aviation fuel (SAF) usage, even as it acknowledges the “challenging” steps to achieving this goal.
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Cathay to launch medium-haul fleet renewal campaign in December
Cathay Pacific expects to kick off a replacement campaign for its medium-haul fleet in December, as deliveries of new aircraft continue apace.
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JAL to take seven A350-1000s by end-2024; other deliveries ‘still on track’
Japan Airlines expects to take delivery of two Airbus A350-1000s – its new long-haul flagship — before the end of 2023, as it eyes a “competitive” edge on its trans-Pacific services.
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AAPA chief expects demand recovery in early 2024, even as China rebound ‘subdued’
Asia-Pacific airlines are expected to see a full demand recovery in the first half of 2024, underpinning the “resilient” growth seen following the reopening of borders.
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BOC Aviation appoints finance chief as new CEO
BOC Aviation has appointed finance chief Steven Townend to helm the company, as long-time chief executive Robert Martin steps down at the end of the year.
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IndiGo to ground over 30 jets in early 2024 amid mounting PW1100G engine issues
IndiGo expects to ground more than 30 aircraft in the first quarter of 2024 as it continues to deal with the fallout from technical issues impacting the Pratt & Whitney PW1100G engine.
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EVA Air orders A350-1000s as part of $10bn fleet renewal
EVA Air has selected the Airbus A350-1000 for long-haul fleet renewal, as part of a $10.1 billion deal that will also see commitments for 15 A321neos.
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SIA expects full capacity recovery by 2024 as half-year profit smashes records
Singapore Airlines Group expects to return to pre-pandemic capacity in the 2024 fiscal year, amid robust travel demand which has led the airline to post a 26% jump in half-year operating profit.
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Indonesia probes Garuda 737 tail-strike
Indonesia’s National Transportation Safety Committee (NTSC) has opened an investigation into a tail-strike incident involving a Garuda Indonesia Boeing 737-800.
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MHI sees ‘negative impact’ from PW1100G issues as aero-engines profit takes hit
Mitsubishi Heavy Industries (MHI) has flagged the “negative impact” stemming from technical issues facing the Pratt & Whitney PW1100G powerplant, with its aero-engines division seeing a dip in profit.
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Comac confirms ‘C929’ moniker as widebody enters ‘detailed design’ stage
Comac’s in-development C929 widebody programme appears to be progressing, despite the Chinese airframer having quietly dropped its Russian joint-venture partner.
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Garuda swings to loss despite revenue jump
Garuda Indonesia swung back to a nine-month loss despite an increase in revenues, due to the lack of income gained from debt restructuring, and as it took a hit from foreign exchange losses.
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Qantas faces shareholder ire at AGM, acknowledges ‘substantial’ loss of trust
Qantas shareholders have overwhelmingly voted against the airline’s proposed executive remuneration plan, dealing the embattled national carrier another blow amid a challenging year.
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SIA Engineering ekes out half-year profit amid looming challenges
SIA Engineering swung to a small half-year profit on the back of stronger MRO demand, but the company warns of impending “headwinds”, including supply chain disruptions and increased competition.
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AirAsia X re-attempts bid to shed financially distressed status
AirAsia X is to appeal against the Malaysian stock exchange’s decision to reject its bid to shed its financially distressed status, reiterating the “significant improvements” in operations in recent months.
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Asiana board okays cargo unit sale to help smooth Korean merger
Asiana Airlines is set to divest its cargo unit, ending an impasse on acquisition plans from compatriot Korean Air, and paving the way for possible European regulatory approval for the impending merger.
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China’s ‘Big Three’ to see record profits in 2024: HSBC
While China’s three largest carriers are set to remain loss-making for 2023, a HSBC Global Research report predicts “record” profits in 2024 with the easing of several challenges such as overcapacity.
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JAL posts half-year profit as recovery surpasses expectations
Japan Airlines returned to profitability in its half-year earnings, as international passenger revenues soared past pre-pandemic levels.
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Asia-Pacific cargo demand picks up in September following months of decline
Asia-Pacific carriers in September reported an upswing in air cargo demand for the first time in 2023 – following more than a year of declines – as passenger demand continues to hold strong.