All articles by Alfred Chua – Page 61
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NewsAir New Zealand forecasts higher profits amid strong travel demand, fuel price decline
Air New Zealand has raised its half-year profit forecast, on the back of “continued” strong travel demand, as well as a steady decline in jet fuel prices, though it flagged several factors that could affect its profitability in the new year.
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NewsImproperly installed bypass valve port behind UPS 747-8F engine fire
Hong Kong investigators have identified an improperly-installed bypass valve port as the cause of a fuel leak that led to an engine fire on a UPS Boeing 747-8 Freighter.
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NewsBoeing closes chapter on 747 programme with final jumbo roll-out
The final Boeing 747 has left the airframer’s Everett facility, marking the end of an era for an aircraft programme that Boeing says has “truly changed the world”.
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NewsCebu Pacific reshuffles leadership with new chairman, CEO appointed
Cebu Pacific is set to appoint current CEO Lance Gokongwei to airline chairman from 1 January, as part of a wider leadership reshuffle at the low-cost operator.
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NewsAirline reliability improves, but full recovery far off: ACCC
Australia’s domestic airlines have largely improved their reliability following a record poor performance in the middle of the year, according to data from the Australia’s competition regulator.
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NewsAustralian competition watchdog ‘concerned’ airlines withholding capacity to keep fares high
The Australian Competition and Consumer Commission (ACCC) has warned airlines not to withhold domestic capacity to keep airfares high, as travel demand remains robust.
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NewsAir India to lease six 777-300ERs, six A320neos amid ‘aggressive expansion’
Air India is to lease six Airbus A320neos and six Boeing 777-300ERs, as it continues on an “aggressive expansion” that also sees a ramp-up in flights to European and North American cities.
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NewsEmbattled Hong Kong Airlines gains creditor approval for restructuring
Hong Kong Airlines (HKA) has cleared a first crucial step in its debt restructuring process in the UK, after it clinched approval from its creditors for its restructuring plan.
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NewsGreater Bay Airlines adds Tokyo, Taipei as restrictions ease
Hong Kong’s Greater Bay Airlines is to commence flights to Tokyo in January, its third destination since commencing operations in July.
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NewsJetstar Group, Changi Airport end terminal reallocation impasse
Jetstar Group is to relocate its operations to Changi Airport’s Terminal 4 from end-March 2023, months after it slammed the airport operator for “unilaterally” relocating its carriers.
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NewsIndonesia AirAsia parent still in the red despite fivefold increase in revenue
AirAsia Indonesia remained in the red in its third-quarter earnings, only narrowing its operating losses slightly despite a fivefold jump in revenue for the period.
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NewsAirAsia Aviation sees ‘encouraging’ tailwinds as group returns to black
AirAsia Aviation Group expects further improvement in its performance in the near-term, helped by a continued upswing in travel demand, as the group’s carriers remained profitable for a second consecutive quarter.
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Airline BusinessWhy Capital A is bringing AirAsia and AirAsia X together
An AirAsia consolidation with its medium-haul affiliate AirAsia X would bode well for both carriers – and is a long time coming – given that both companies are starting to overlap in operations.
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NewsComac clinches C919 production certificate
The Civil Aviation Administration of China (CAAC) has awarded Comac’s C919 programme its production certificate, paving the way for mass production of the type.
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NewsCathay eyes new freighters, medium-haul aircraft
Cathay Pacific has confirmed it is in talks with airframers over potential orders for new medium-haul and cargo aircraft, as it continues to rebuild its operations after more than two years of depressed travel demand.
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NewsUK competition watchdog ‘to consider’ revised Korean Air-Asiana merger plan
The UK’s Competition and Markets Authority (CMA) is considering approving a revised plan from Korean Air over its proposed acquisition of compatriot Asiana Airlines.
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NewsST Engineering aerospace unit says no full recovery yet, despite steady revenue rise
ST Engineering’s commercial aerospace unit has acknowledged that it has yet to fully recover to pre-pandemic levels, despite reporting a steady increase in revenue this year.
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NewsThai Airways promotes finance chief as new CEO
Thai Airways International has promoted Chai Eamsiri, its current chief financial officer, to helm the airline as it undergoes business rehabilitation.
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NewsRex to turn profitable by end-June
Australia’s Regional Express expects to report a profit for its current financial year, which ends on 30 June 2023, as its domestic jet operations continue to be profitable.
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NewsMalaysia Airlines axes Brisbane following ‘thorough business review’
Malaysia Airlines is to suspend flights to Brisbane from end-March 2023, following a network rationalisation exercise undertaken as part of a “thorough business review”.