All articles by Alfred Chua – Page 89
-
NewsTaiwanese carriers swing back to profitability as revenues rise
Taiwan’s two largest carriers — China Airlines and EVA Air — were back in the black for the third quarter of the year, helped by a steady increase in revenue.
-
NewsVietJet confirms A330 fleet plans; first jet to be delivered in November
Vietnamese low-cost carrier VietJet Air has confirmed it will lease up to three Airbus A330s, as part of fleet development plans “to better meet travel demand” in the future.
-
NewsAirAsia logistics unit takes first freighter, eyes Airbus orderbook conversion
AirAsia Group’s logistics arm Teleport is considering converting a ‘meaningful chunk’ of AirAsia’s massive order book to freighters in the future, as it takes delivery of its first dedicated cargo aircraft.
-
NewsVietnam Airlines eyes scheduled USA flights from end-November
Vietnam Airlines expects to commence scheduled direct flights between Vietnam and the USA from end-November, after it secures regulatory approval from the US Federal Aviation Administration (FAA).
-
NewsExtended restrictions to cost Asia-Pacific airports $34 billion of revenue in 2021
The Airports Council International (ACI) has warned that airports in the Asia-Pacific region could face a $34 billion revenue decline, if travel restrictions remain and border reopenings fail to gather pace.
-
NewsHainan Airlines secures court approval for restructuring
Hainan Airlines Holdings has gained the crucial green light from a local court for its restructuring plan, which will see it merge with 11 smaller airlines into a single carrier.
-
NewsAirAsia X faces possible delisting after auditors issue disclaimer of opinion
Beleaguered long-haul, low-cost carrier AirAsia X could be delisted from the Malaysian stock exchange if it fails to successfully restructure its business.
-
NewsCovid-19 resurgence pushes China’s ‘Big Three’ deeper in the red
China’s three largest carriers widened their net losses for the third quarter of the year — despite an increase in revenue — as recent spikes in coronavirus infections dealt a “sustainable impact” on profitability.
-
NewsAirAsia carriers optimistic of strong year-end recovery, amid Q3 traffic collapse
AirAsia Group’s airline units expect a “strong revival” for the year-end period, as key South-east Asia markets begin reopening to tourism.
-
NewsANA cuts full-year earnings forecast, citing ‘delay’ in recovery
All Nippon Airways parent ANA Holdings expects to be loss-making for the full-year, as it cites a “delay in full recovery” from the “extended impact” of a prolonged coronavirus pandemic globally.
-
Airline BusinessCathay recovery still uncertain, amid prolonged border closures, fresh competition
More than a year after a massive restructuring, Hong Kong’s embattled Cathay Pacific looks to enter 2022 with its recovery in jeopardy, as the city’s international borders remain tightly shut, and new competition takes shape in its home turf.
-
NewsPhilippine court grants local recognition for PAL Chapter 11 filling
Philippine Airlines has gained approval from a local court for a petition to formally recognise its Chapter 11 bankruptcy protection process in the USA .
-
NewsJAL picks ST Engineering for 787 component support
ST Engineering’s commercial aerospace unit has signed a Boeing 787 component support contract with Japan Airlines.
-
NewsAir New Zealand draws further from loan facility amid pandemic uncertainty
Air New Zealand has suspended its cash burn forecast citing “ongoing uncertainty” around New Zealand’s coronavirus situation, as it draws down further from a government loan facility.
-
NewsGMF AeroAsia eyes Makassar expansion
GMF AeroAsia has signed a memorandum of understanding with Indonesian airport operator Angkasa Pura I (AP I) for the expansion of MRO operations.
-
NewsVietnam eases domestic flight restrictions further; eyes Singapore air links
Vietnam will allow airlines to increase flight frequencies on major domestic routes through end-November, as the country eyes restoring regular flights with Singapore.
-
NewsEmbraer inks E-jet component pool agreements with European carriers
Embraer has signed a component pool agreement with newly-formed Air Montenegro, and renewed a similar agreement with TAP Express — covering both carriers’ fleets of E-jets.
-
NewsJapan Airlines to acquire up to 100 Vertical Aerospace eVTOLs from lessor Avolon
Japan Airlines intends to lease or purchase up to 50 of Vertical Aerospace’s in-development VA-X4 air taxis from aircraft lessor Avolon.
-
NewsNew South Wales government, Sydney Airport dangle A$120 million carrot to attract airlines
The New South Wales government has launched a A$60 million ($45 million) fund aimed at luring back international carriers to Sydney, as the country begins to crack open its borders.
-
NewsThai AirAsia parent to raise capital, adjust shareholding in revised restructuring plans
Thailand’s Asia Aviation is set to inject fresh capital into its low-cost airline unit Thai AirAsia, as part of a broader revised restructuring plan that will see significant changes to both companies’ shareholding structures.