All Asia Pacific news – Page 247
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NewsThai Airways tests market appetite for sale of A380 pair
Thai Airways International is gauging market interest for two of its Airbus A380s.
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NewsEmbattled Cathay Pacific sees February traffic weaken further
Cathay Pacific expects to carry few than 600 passengers a day in March, while operating a “skeleton passenger flight schedule”, as new crew quarantine measures introduced by the Hong Kong government kick in.
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NewsVietnam’s central bank proposes $174m loan for flag carrier
Vietnam’s central bank is proposing to offer D4 trillion ($174 million) of loans to help the national flag carrier as it struggles amid the Covid-19 pandemic. The funds will be provided to Vietnam Airlines through credit institutions and refinanced by the central bank, which will not charge interest on the ...
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NewsBOC Aviation’s profit dips by a quarter on record revenue
BOC Aviation’s net profit dropped by over a quarter in 2020 mainly due to the Covid-19 pandemic, although it managed to break the $2 billion revenue barrier for the first time.
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Airline BusinessAsia-Pacific cargo yields on steroids amid bellyhold blues
Recent financial results from Asia-Pacific airlines highlight how the disappearance of bellyhold space has given a massive boost to cargo yields.
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NewsAustralia extends A$1.2bn ‘ticket to recovery’ for tourism, airline sectors
Australia has rolled out its latest round of financial support for its tourism and airline sectors, which have acutely felt the impact of the coronavirus pandemic.
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NewsJetstar to shift six A320s from Japan to Australia
Low-cost carrier group Jetstar is to “temporarily” move six Airbus A320s from its Jetstar Japan unit to its Australian operation, as the latter’s relatively strong domestic market provides an outlet for capacity.
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NewsCathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.
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NewsCathay retires 34 aircraft early, parks nearly half its fleet overseas
Troubled Cathay Pacific Group took a one-time HK$2.8 billion ($361 million) impairment charge relating to the early retirement of 34 aircraft, as it discloses that nearly half of its fleet are in long-term storage overseas.
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NewsCovid-19 pushes Cathay to record operating loss
Cathay Pacific Group saw its full-year passenger revenue collapse to just 2-3% of pre-pandemic levels, as it warned that its immediate outlook continues to be challenging.
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NewsPW100 failure highlights danger of maritime corrosion: ATSB
Corrosion related to extensive low-level flying over the ocean led to the failure of a Pratt & Whitney Canada (P&WC) PW100 engine aboard a De Havilland Canada DHC-8-315 operated by Surveillance Australia.
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NewsRecovery unsustainable without Travel Pass-style apps: IATA
Governments around the world are not moving quickly enough to plan for the reopening of international travel markets, in the view of IATA, particularly when it comes to the creation of digital standards for Covid-19 testing and vaccination records.
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Airline BusinessAirline coronavirus recovery tracker: March 2021 update
Our regular examination of the latest global data for several key airline market indicators, including international and domestic travel restrictions, 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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NewsKAL-ASD secures 737 Max winglet contract extension
Korean Air’s aerospace division (KAL-ASD) has disclosed a contract extension for the production of winglets for the Boeing 737 Max.
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NewsAlliance enters five-year base check deal for F70s and F100s
Australia’s Alliance Airlines has entered into a five-year heavy maintenance agreement with Fokker Services for its Fokker F70 and F100 aircraft.
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Airline BusinessTime for tough decisions about Garuda, Malaysia Airlines and Thai
The coronavirus pandemic is a salutary lesson in the risks associated with airline ownership, but will Southeast Asia’s governments get the message?
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NewsAirAsia eyes foray in drone deliveries, air taxis
AirAsia Group has tied up with Malaysia’s state-backed innovation sandbox to test drone delivery services, as it reportedly eyes a foray into air taxi services in the near-term.
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NewsTransportation Partners finance chief to depart: sources
Transportation Partners chief financial officer Valerie Tay is set to step down.
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NewsBatik Air A320 suffers nose gear incident
A Batik Air Airbus A320 bound for Jakarta suffered a “technical” incident involving its landing gear, which reportedly led to its nose gear rotating 90 degrees sideways.
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NewsCebu Pacific secures $329 million loan from local syndicate
Philippine low-cost carrier Cebu Pacific (CEB) has secured a Ps16 billion ($329 million), 10-year loan today, from a syndicate of private and government banks.