All articles by Alfred Chua – Page 41
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NewsSIA 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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NewsAirAsia 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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NewsAsiana 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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NewsChina’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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NewsJAL 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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NewsAsia-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.
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NewsAsiana cargo unit sale decision delayed, dealing blow to merger plans
Asiana Airlines has failed to come to a decision on whether to divest its cargo unit – a crucial factor in winning regulatory approval for a merger with compatriot Korean Air – adding uncertainty to the drawn-out acquisition process.
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NewsComac delivers first ARJ21 converted freighters
Comac has delivered its first pair of ARJ21 converted freighters, as the airframer hails the “solid step forward” for China’s aerospace sector.
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NewsKorean Air orders 20 more A321neos
Korean Air has increased its Airbus A321neo orderbook, committing to 20 additional narrowbodies as part of fleet renewal plans.
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NewsQantas adds Paris, Shanghai to network; airlines ramp up Japan-Korea flights
Qantas is expanding its international network, while other Asian carriers resume more international flights after the pandemic.
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NewsQantas refutes regulator’s ‘ghost flights’ allegations in lawsuit defence
Qantas has refuted claims by Australia’s competition watchdog that it misled its customers by selling seats on flights that never took off, charging that the regulator’s lawsuit “ignores the realities” of the airline sector.
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NewsChina Southern swings to nine-month profit as other Chinese carriers narrow losses
China Southern Airlines returned to the black in its nine-month financial results, continuing its streak of profitability since China swung open its international borders and eased pandemic restrictions.
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NewsAirAsia X hits roadblock in bid to shed financially distressed status
Malaysian stock exchange Bursa Malaysia has rejected AirAsia X’s application to officially exit its status as a financially distressed entity, dealing a blow to the carrier’s recovery plans.
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NewsCebu Pacific eyes record order of 100-150 jets
Cebu Pacific is in discussion with Airbus and Boeing for an order of up to 150 narrowbody aircraft, in what could be the Philippine’s largest aircraft commitment.
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NewsManila to acquire three new C-130Js
The Philippine government has greenlit plans to acquire three new Lockheed Martin C-130J tactical transports.
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NewsAustralian watchdog to resume domestic aviation sector monitoring
The Australian Competition and Consumer Commission (ACCC) has been greenlit to resume monitoring the domestic aviation sector, amid concerns over rising airfares and slipping service standards.
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NewsQantas axes plans to acquire charter operator Alliance Aviation
Qantas has scrapped plans to acquire resources charter operator Alliance Aviation – months after competition regulators opposed the deal – noting that “there is no reasonable path forward” for the merger now.
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NewsRoyal Jordanian, Embraer ink component MRO agreement for new E2 jets
Royal Jordanian Airlines has signed a multi-year contract with Embraer for component MRO support covering its incoming fleet of E2 family regional jets.
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NewsSingapore signs air services, MRO agreements with Mongolia, Hong Kong
Singapore’s civil aviation regulator has inked two separate agreements covering air services and aviation MRO with its counterparts in Mongolia and Hong Kong respectively.
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NewsHainan Airlines expands Russia network; other airlines add China flights
Hainan Airlines is launching new flights to Russia, making among the rare operators to do so amid the war in Ukraine. Meanwhile, airlines in Southeast Asia are looking to expand their Mainland China networks.