All articles by Alfred Chua – Page 99
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NewsAirAsia Group to raise up to MYR1 billion, eyes other fundraising opportunities
AirAsia Group will raise up to MYR1 billion ($239 million) through a proposed renounceable rights issue, as it confirms that it is “well-progressed” to secure other fundraising initiatives that will beef up its war chest against the coronavirus pandemic.
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NewsVietnam restricts domestic capacity as pandemic worsens
Vietnam has restricted the number of seats on flights between Ho Chi Minh City and Hanoi — a major domestic route — amid the resurgence of coronavirus infections in the country.
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NewsThailand extends financial aid to airlines amid record Covid-19 surge
Thailand has extended financial measures to help its carriers to weather the impact of the coronavirus pandemic.
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NewsChina’s aviation fixed asset investments rise, as domestic recovery continues
The Chinese aviation industry saw fixed asset investments for the half year rise, as the country’s domestic air travel sector continue to recover.
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AnalysisUAM players optimistic about Asia-Pac prospects, despite lack of big orders
While the Asia-Pacific region has not seen a headline order for electric vertical take-off and landing (eVTOL) aircraft similar to Europe or the Americas, two major UAM players say they remain committed to the market, one which they say is filled with opportunities.
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NewsChina warms to lifting 737 Max grounding: Report
China is reportedly a step closer to returning the Boeing 737 Max to service, after grounding the type for more than two years following two fatal crashes.
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News‘Phuket Sandbox’ expected to net 100,000 tourists by end-September
Thailand expects around 100,000 tourists to visit the popular island of Phuket — under the quarantine-free ‘Phuket Sandbox’ scheme — for the three months ending 30 September, as it reiterated its commitment to reopening the rest of the country to tourists in the coming months.
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News‘Enormous turbulence’ pushes Changi Airport Group to full-year loss
Singapore’s Changi Airport Group (CAG) swung to the red in its annual financial results, as it felt the “enormous turbulence” wrought by the coronavirus pandemic.
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NewsIndonesia AirAsia suspends all flights as tightened restrictions kick in
Indonesia AirAsia will suspend all scheduled flights across its network for a month, as Indonesia tightens restrictions on the islands of Bali and Java to curb the spread of coronavirus.
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NewsSydney Airport receives A$22.3 billion takeover offer
A group of infrastructure investors have launched a A$22.3 billion ($16.7 billion) takeover bid for the operator of Sydney Airport, in what could be Australia’s largest acquisition deal this year.
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NewsIndonesia AirAsia parent widens Q1 loss
The parent company of low-cost carrier Indonesia AirAsia widened its operating loss for the first quarter, amid a revenue plunge from the coronavirus pandemic.
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NewsIndian low-cost carrier Go First faces delay in IPO
Indian low-cost carrier Go First — formerly known as GoAir — hit a roadblock in its planned market listing, with the securities and exchange regulator temporarily halting the airline’s IPO.
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NewsJAL fortifies low-cost strategy with Jetstar Japan, Spring Japan investments
Japan Airlines will make additional investments in two of its three low-cost units, Jetstar Japan and Spring Japan, as it looks to build up a low-cost network centred around its Tokyo Narita hub.
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NewsSpiceJet to raise Rs25 billion as loss-making streak continues
Indian low-cost carrier SpiceJet will raise Rs25 billion ($336 million) to beef up its war chest against the coronavirus pandemic, which has battered its profitability.
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NewsKorean Air on track for Asiana acquisition
Korean Air has cleared another milestone in its acquisition of Asiana Airlines, with state-backed Korea Development Bank (KDB) approving the carriers’ integration plan.
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NewsRex eyes fleet of 10 737s by year-end
Australia’s Regional Express is looking to bring its fleet of Boeing 737-800s to 10 examples by the end of the year, as it continues to grow its mainline network.
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NewsTrans-Tasman travel bubble suspension extended
New Zealand has extended the suspension of quarantine-free travel arrangements with neighbouring Australia for another five days, and will require all incoming travellers to be tested for the coronavirus before arrival.
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NewsAAPA urges state support as air traffic remains stagnant
The Association of Asia Pacific Airlines (AAPA) has renewed calls for “additional government support” for the airline industry, as it says the region’s international passenger traffic remains “largely stagnated” with no improvement seen for over a year.
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NewsTrans-Tasman bubble suspended amid Australian Covid-19 spike
New Zealand has suspended its ‘travel bubble’ arrangement with Australia for three days, after the latter reported a surge in coronavirus infections in multiple states.
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NewsSingapore floats travel restart prospect amid vaccination ramp-up
Singapore has hinted that its residents could be allowed to travel abroad, if the city-state’s vaccination rates keep up.