All articles by Alfred Chua – Page 121
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NewsCathay shareholders approve HK$39 billion bailout plan
Cathay Pacific’s shareholders have given the green light for a HK$39 billion ($5.03 billion) recapitalisation plan. At the closing of an extraordinary general meeting held on 13 July, the carrier’s shareholders voted overwhelmingly to approve the plan. In total, three resolutions and two special resolutions were put up ...
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NewsCR929 faces delays amid Beijing, Moscow differences
Russia has disclosed that the Sino-Russian CR929 widebody programme will make its first delivery in 2028-2029, in what appears to be another round of delays in the programme’s production timeline. Russian media reports cite Irkut chief Ravil Khakimov as saying that the delivery timeline will move to the right, ...
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NewsAmeco, CASC expand components support partnership
Chinese MRO Ameco has signed an agreement with China Aviation Supplies Corporation (CASC) for the maintenance of Airbus A320 components. The agreement, which also covers spare parts supply and leasing, builds on the pair’s existing partnerships in landing gear and component resource sharing. CASC is China’s largest third-party ...
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InterviewNew GMF AeroAsia boss looks to diversification for survival
As GMF AeroAsia navigates a post-pandemic future, its new chief executive I Wayan Susena says the MRO must diversify and keep costs down.
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NewsJiangxi Air applies to start international operations
Chinese carrier Jiangxi Air has applied to the country’s civil aviation authorities to start international passenger and cargo operations. A notice from the Civil Aviation Administration of China (CAAC) states the Nanchang-based airline had applied to be able to fly to Hong Kong, Taiwan, as well as flights to “neighbouring ...
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NewsUS government approves UH-60, E-2D sales to European allies
The US government has cleared the possible sale of six Sikorsky UH-60M Black Hawk helicopters and related equipment to Lithuania, and three Northrop Grumman E-2D Advanced Hawkeyes to France. The proposed Lithuania sale comes at an estimated price tag of $380 million, according to a US Defense Security Cooperation Agency ...
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Analysis‘Big Three’ service debut marks ARJ21’s day in the sun
It was a sight to behold: three Comac ARJ21 regional jets, parked side by side, the liveries of China’s three largest carriers dramatically reflected on a large puddle of water. When the ‘Big Three’ Chinese carriers - Air China, China Eastern Airlines and China Southern Airlines - each took ...
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NewsGaruda A330 veers off runway during taxi
A Garuda Indonesia Airbus A330-300 suffered a runway excursion while taxiing for take-off at Makassar’s Sultan Hasanuddin airport. The incident occurred at 18:56 local time on 1 July. The aircraft, registered PK-GHD, was returning to Jakarta from Makassar, operating flight GA613. The A330 was doing a 180° turn at the ...
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NewsMeggitt expands Singapore components support centre
Meggitt has received approval to repair more than 80 new components and subsystems in Singapore. The centre, located at the Seletar Aerospace Park in northeast Singapore, has also doubled in size to 42,000 sq ft., and Meggitt states that the facility now can perform work on components and systems such ...
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InterviewIndian MRO firm Air Works eyes new vistas in engines, components
Despite upheaval caused by the coronavirus outbreak in nearly every part of the aviation industry, Indian MRO Air Works is upbeat about growth prospects, as it looks towards greater collaboration and rides a domestic resurgence. Stressing that “there couldn’t be a better time”, Air Works chief executive and managing ...
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NewsPandemic pushes GMF AeroAsia into the red
GMF AeroAsia slipped into the red for the first quarter of the year, on the back of higher expenses and falling revenue amid the coronavirus outbreak. For the quarter ended 31 March, the MRO unit of Garuda Indonesia posted an operating loss of $32.4 million, reversing the $8.29 million ...
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NewsGAMECO breaks ground for new component, composite facilities
Chinese MRO GAMECO will construct new component and composite repair facilities at its Guangzhou base, with both units operational by June 2022. The company is investing about CNY600 million ($84.8 million) into the building of the two facilities, which will replace an existing site. The new plants will be ...
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NewsChina’s ‘Big Three’ carriers receive first ARJ21s
China’s three largest carriers — Air China, China Eastern Airlines and China Southern Airlines —each took delivery of their first Comac ARJ21 regional jets, and will be taking three more examples by year end. Comac handed over the aircraft to the three carriers on 28 June, hailing what it ...
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NewsQantas to retire 747s immediately, axe 6,000 staff in three-year recovery plan
The Qantas Group will be retiring its fleet of six Boeing 747s immediately — six months ahead of schedule — and ground 100 aircraft for up to a year, as part of cost saving measures that will also see about 20% of its employees axed. Taken together, Qantas says the ...
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NewsGA Telesis’ new rotorcraft leasing unit acquires seven Bell 206L-4s
Aviation solutions company GA Telesis has formed a new a helicopter leasing and financing unit, and has added seven rotorcraft to its fleet. GA Telesis Rotorcraft acquired a fleet of seven Bell 206L-4 LongRanger helicopters. It states that four of the rotorcraft will be subject to multi-year leases, with one ...
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NewsP&W’s North Berwick plant to add PW1100G MRO capability
Pratt & Whitney will be expanding its North Berwick, Maine, facility to include MRO capabilities for the PW1100G geared turbofan. The expansion is part of a $12.5 million investment the engine maker is pumping into the plant. P&W adds that the investment “bolsters” its global PW1100G MRO network and “accelerates ...
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NewsAirAsia chief Fernandes mulls pulling out of India JV: report
AirAsia group chief Tony Fernandes has hinted at a possible exit from its Indian joint venture, to focus on the Southeast Asian side of business. Fernandes was quoted in Indian media reports as saying that the group would “never say that we would never exit India”. He was speaking ...
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NewsGMF AeroAsia flags up to 50% revenue loss from pandemic
Indonesian MRO GMF AeroAsia is anticipating a revenue loss of between 25 to 50% for the quarter ended 31 March, as it outlines the impact the coronavirus outbreak has had on its operations. The MRO arm of Garuda Indonesia says that it expects a 75% year-on-year fall in net ...
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NewsMitsubishi Aircraft development chief, global marketing head among departures in shake-up
Mitsubishi Aircraft’s recently-announced organisational shake-up has seen the departure of at least two high-profile executives — its chief development officer and its global marketing and strategy head. The airframer on 15 June announced that it was shifting its focus from global development to achieving type certification for its SpaceJet ...
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NewsChinese carriers slash Beijing flights after coronavirus spike
Chinese carriers have begun suspending flights to and from Beijing, following a rise in a number of new coronavirus cases in the Chinese capital. Among carriers suspending flights in and out of the city is Beijing-based Air China, which in a 17 June notice indicated “large-scale” cancellations. As ...