All Asia Pacific news – Page 104
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Airline BusinessAirline Business Covid-19 recovery tracker: August 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsDubai lessor DAE takes over large batch of 737 Max jets from China’s CALC
Middle Eastern lessor Dubai Aerospace Enterprise is to acquire a batch of 64 Boeing 737 Max jets, including Max 10s, from the Chinese leasing company CALC. The aircraft have a delivery schedule which runs from this year to 2026. DAE states that the portfolio includes the Max 8 and Max ...
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NewsSpiceJet swings to first-quarter net profit
Indian low-cost carrier SpiceJet swung to a net profit of Rs2 billion ($24 million) in the quarter ended 30 June, compared with a loss of Rs7.9 billion in the corresponding period a yer earlier.
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News787 approach deviations in Hong Kong linked to autopilot flight-director issues
Hong Kong investigators have found that a software issue in a number of Boeing 787 autopilot flight-director systems led to a series of flightpath deviations in 2019.
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NewsTourism recovery keeps Thai carriers in the black
Thailand’s two full-service operators, Thai Airways International and Bangkok Airways, remained profitable in the second-quarter earnings, helped by a rebound in tourism, especially following the reopening of China’s international borders.
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NewsPAL promises ‘major’ product, digital revamp as Q2 profits increase
Philippine Airlines (PAL) is to double down on improving its product offerings, as the carrier improved its quarterly profit on the back of continued demand recovery.
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NewsSIA, Cathay, and Vietjet ramp up Australian capacity
Several Asian carriers are set to increase flying to Australia, with Singapore Airlines upgauging capacity on a number of key routes into the country, as part of a broader network ramp-up.
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NewsUS and China to allow more direct flights between the two countries
The US government has agreed to allow Chinese airlines to increase the number of direct flights between the two countries more than three years after the beginning of the global Covid-19 crisis, with the government of China apparently reciprocating.
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NewsChina’s ‘Big Three’ still expected to be loss-making in 2023: HSBC report
China’s three largest airlines are expected to be in the red in 2023, despite improving recovery prospects and the likelihood of a small profit in the second-half of the year, a HSBC Global Research report notes.
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NewsST Engineering aerospace profit holds steady amid continued recovery
ST Engineering’s commercial aerospace unit remained profitable for the half year, on the back of a significant jump in revenue led by “continued strong recovery”.
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NewsChina eases group travel ban to Australia, UK, USA, Japan
China has scrapped a ban on outbound group travel to over 70 countries, including to major economies like the USA, UK, Japan, India and South Korea.
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NewsCebu Pacific flags supply chain, weather woes amid second-quarter profit
Cebu Pacific remained in the black for a second consecutive quarter, though it has acknowledged the “significant operational headwinds” which has “tempered” its recovery and growth outlook.
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NewsAir India to introduce new livery with first A350 arrivals
Air India has unveiled a new livery scheme, which will be introduced with the arrival of the carrier’s first Airbus A350 towards the end of this year. The airline’s owner, Tata Group, is revamping the flag-carrier’s colours as part of its transformation programme. Air India recently placed an extensive order ...
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NewsIHI aerospace unit flags unstable supply chain amid five-fold profit jump
The aerospace business of Japanese conglomerate IHI reported a five-fold jump in first-quarter profits, as it warns of instability in the global supply chain which could impact engine MRO work.
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NewsCathay to exercise A320neo purchase rights as it eyes full fleet recovery by mid-2024
Hong Kong’s Cathay Pacific Group is to exercise purchase rights on 32 more Airbus A320neo family aircraft, marking its first aircraft commitment since the pandemic.
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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NewsMongolia’s MIAT discloses initial routes for 787
Mongolian flag-carrier MIAT is to deploy its first Boeing 787 initially on services to Asia and Europe, as it prepares to put the twinjet on US routes. The airline is expecting shortly to take delivery of a 787-9, one of a pair being leased from AerCap under an agreement reached ...
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NewsNauru Airlines introduces 737-800 converted freighter
Micronesian carrier Nauru Airlines has introduced a Boeing 737-800 freighter to its fleet, claiming it to be the first of the model in the Australian region. Nauru Airlines has an operational base in Brisbane. It states that the 737-800F will expand its cargo capabilities, adding capacity to a fleet which ...
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NewsTurkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.