All Asia Pacific news – Page 253
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NewsAir Works to provide MRO for Indian P-8Is, BBJs
Boeing has signed a deal with Indian MRO firm Air Works to support New Delhi’s fleet of P-8I Neptune maritime patrol aircraft, as well as the Indian air force’s VIP transport fleet.
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NewsManila plans order for 15 additional S-70is
Manila has confirmed an intention to order 15 additional Sikorsky S-70i utility helicopters, as part of a total requirement for 55 new rotorcraft.
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NewsSriwijaya 737-500 'slowly' turned left before entering fatal descent
Components of the crashed Sriwijaya Air Boeing 737-500 including the flight-control computer, autothrottle computer, and autothrottle actuator assembly are undergoing examination, a Indonesian parliamentary commission has heard. The commission held a session on 3 February during which various representatives involved in the inquiry provided preliminary information on the flight and ...
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NewsStrong cargo demand helps Singapore Airlines cut Q3 loss
Singapore Airlines Group narrowed its third-quarter operating loss, as stronger cargo performance helped offset any further revenue loss from a pandemic-led collapse in passenger travel demand.
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NewsKorean Air reports $213 million operating profit for 2020
Korean Air has reported a W238.3 billion ($213 million) operating profit in 2020, 17% below 2019 levels, on the back of a strong cargo business and company-wide cost cutting efforts.
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NewsMHI’s aerospace unit narrows nine-month loss
Mitsubishi Heavy Industries’ (MHI) troubled SpaceJet programme cut its losses for the nine months to 31 December 2020, as developmental costs fell amid an ongoing programme freeze.
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NewsChina Eastern’s parent to pump in up to $1.67bn via A-share issue
China Eastern Airlines’ controlling shareholder CEA Holding will inject up to CNY10.8 billion ($1.67 billion) into the airline by purchasing nearly 2.5 billion of newly issued A-shares, in a move the Shanghai-based carrier says will provide “strong financial support” for it to develop its business to cope with the impact of Covid-19.
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NewsMartin-Baker Mk18 seat offered for Indian F-21 bid
Lockheed Martin will offer the Martin-Baker Mk18 ejection seat as a candidate for the F-21, in an effort to deliver a more competitive proposal for an Indian air force requirement for 114 fighters. If confirmed, the IN18E seat would replace the Collins Aerospace ACES II from the original F-16 – ...
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NewsAlliance inks E190 wet-lease partnership with Qantas
Australian regional operator Alliance Airlines has inked a wet lease agreement to provide flexible capacity to the QantasLink network with three of its recently acquired Embraer E190s.
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NewsHAL unveils ambitious air-teaming system centred on Tejas
Source: Atul Chandra A two-seat Tejas Light Combat Aircraft will form the centerpiece of CATS (Combat Air Teaming System)
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NewsNew Delhi to Issue RFP for 70 HTT-40s
The Indian air force is expected to issue a request for proposal (RFP) to Hindustan Aeronautics (HAL) for 70 Hindustan Turbo Trainer 40 (HTT-40) basic trainers.
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NewsAirline passenger traffic saw sharpest decline in history during 2020
The coronavirus-ravaged airline industry experienced its sharpest-ever decline in passenger demand during 2020, as global traffic fell 65.9% from 2019 levels, according to full-year data released by IATA today.
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NewsAir cargo demand decline in 2020 ‘worst since records began’
The air cargo sector – touted as the airline industry’s bright spot during the coronavirus crisis – saw its largest year-on-year fall in demand since IATA records began during 2020, although the final quarter brought signs of the gap closing.
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NewsIATA outlines scenario where Covid variants pummel 2021 traffic
The global airline industry might only see traffic growth of around 13% from 2020 levels this year amid the impact of new variants of Covid-19, according to a potential scenarios presented by IATA.
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Airline BusinessHNA Group’s years of debt-fuelled acquisitions end in shambles
It may have started life as an aviation group, but by the time creditors showed up with bankruptcy filings, China’s HNA Group was a massive conglomerate with broad interests; from property to logistics; from aviation to financial services, the company had a finger in every pie.
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In depthKiev blocks Chinese bid for engine manufacturer Motor Sich
Ukrainian president Volodymr Zelensky appears to have shut down China-backed firm Skyrizon’s long-running effort to acquire engine maker Motor Sich.
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NewsPAL to cut workforce by one-third from mid-March
Philippine Airlines (PAL) will axe about 2,300 staff across its business, starting mid-March, a move that has been looming since October.
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NewsLion reaches agreements with (some of) its lessors
Several lessors to Lion Group airlines have agreed to restructure their leases after months of bilateral negotiations, Cirium understands.
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NewsQantas could launch Project Sunrise flights in 2024
Qantas could introduce ultra-long-haul flights under its delayed Project Sunrise programme as soon as 2024, according to the carrier’s chief executive, Alan Joyce.
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NewsA380 can return and generate cash: Qantas chief
Qantas is likely to fly its Airbus A380s again, according to the Australian carrier’s chief executive Alan Joyce, particularly on routes where tight scheduling is a factor.