All Asia Pacific news – Page 116
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NewsUS DOJ considers opposing Korean-Asiana merger: report
The US Department of Justice (DOJ) is considering a suit to block the merger of Korean Air and Asiana Airlines, on the grounds that it will hurt competition on routes between South Korea and the USA.
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NewsQantas eyes full capacity recovery by March 2024; to lease two Finnair A330s
Qantas expects to return to pre-pandemic capacity on it international network by March 2024, amid a ramp-up in flying that will also see the airline lease two Airbus A330s from Finnair to meet demand.
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NewsIndiGo operating with at least 10% of fleet grounded by P&W engine issues
IndiGo continues to take mitigation measures to counter at least 10% of its fleet consistently being grounded by issues relating to the Pratt & Whitney engines that power a significant proportion of its aircraft.
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NewsIndiGo reports record Q4 profit as currency weighs on full-year result
Indian low-cost carrier IndiGo continued on a “path of profitability” in its fiscal fourth quarter, as it achieved a record net profit for the period of Rs9.19 billion ($111 million).
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Airline BusinessMerger gives Thai something to Smile about, but it must act fast
The merger of regional operator Thai Smile into parent Thai Airways International finally closes the chapter on regional airline units in Asia, and Thai must now act quickly to make up for lost ground, especially in the face of low-cost competition.
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NewsAirline Business Index shows industry close to 2019 size amid soaring revenue
The latest Airline Business Index shows the global airline industry’s revenue soared even further above 2019 levels in the first quarter of 2023, as the sector moved to within touching distance of its pre-Covid size.
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NewsKorean-Asiana merger hits European Commission objections
The European Commission (EC) has taken a preliminary view in opposition to the merger of Korean Air and Asiana Airlines, citing the potential reduction in competition between South Korea and the European Economic Area and Europe.
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NewsThai to boost competitiveness with Thai Smile merger
Thai Airways International will merge its Thai Smile unit into the main company, to boost the combined carriers’ efficiency.
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NewsSIA, Cathay flag weaker cargo traffic amid strong passenger demand
Singapore Airlines and Cathay Pacific have flagged challenges in a weakening cargo market, even as passenger traffic continues to climb on the back of strong demand recovery.
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NewsScoot experiencing ‘no major issues’ with Pratt-powered A320neos
Singapore low-cost operator Scoot says it has grounded none of its Airbus A320neos owing to supply chain issues affecting the Pratt & Whitney PW1000 engine, and has no intention of extending leases for its A320ceos.
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NewsPhilippine Airlines parent ups Q1 profit on travel rebound
PAL Holdings, the parent of Philippine Airlines, reported a marked improvement in its first-quarter profit, as air travel demand continued to recover.
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In depthRaytheon to outfit FA-50 fighters with PhantomStrike radar
The industrial giant will install its latest active electronically scanned array radar in the Korea Aerospace Industries FA-50 light attack fighter, which is bound for service in Poland and Malaysia.
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NewsSichuan Airlines receives first Chinese A330-300 converted freighter
Chinese operator Sichuan Airlines has taken delivery of the country’s first converted Airbus A330-300 freighter, through lessor CDB Aviation. The twinjet – powered by Rolls-Royce Trent 700 engines – was modified by the EFW joint venture and Shanghair Technologies Aerospace Company at a facility in Shanghai Pudong. “Introduction of this ...
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NewsSIA cancels eight Boeing 737 Max orders in fleet rejig
Singapore Airlines (SIA) Group has cancelled orders for eight Boeing 737 Max 8 aircraft, as part of a wider Boeing order adjustment for “projected operational requirements”.
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NewsSingapore Airlines Group swings to record S$2.7 billion annual profit
Singapore Airlines (SIA) Group has posted the highest full-year net profit in its history, on the back of what it says were “proactive strategic initiatives” and “pre-emptive preparation” it undertook during the pandemic.
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NewsSeoul reiterates 2026 delivery schedule for KF-21
The developmental Korea Aerospace Industries (KAI) KF-21 fighter has attained ‘provisional suitability for combat’, as the fifth prototype conducts its maiden sortie.
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NewsHanoi officials consider second airport
Officials in Hanoi have proposed the construction of a second airport to serve the city, anticipating significant population growth in the coming decades.
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Airline BusinessAirline Business Covid-19 recovery tracker: May 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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NewsJeju Air, Jin Air enjoy profits in first three months of 2023
South Korean low-cost carrier Jeju Air narrowed its operating loss for the 2022 financial year, while rival Jin Air swung to an operating profit in its first quarter.
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NewsJapan’s Skymark Airlines turns profitable on ‘remarkable recovery’ in demand
Japanese operator Skymark Airlines rebounded to a full-year profit amid “remarkable recovery” in travel demand as Japan eased much of its pandemic curbs.