All Asia Pacific news – Page 3
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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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News
Thai 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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News
SIA, 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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News
Scoot 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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News
Philippine 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 depth
Raytheon 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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News
Sichuan 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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News
SIA 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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News
Singapore 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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News
Seoul 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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News
Hanoi 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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In depth
Airline 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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News
Jeju 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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News
Japan’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.
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News
Asiana net loss widens on weaker Won, though operating profit grows
Asiana Airlines widened its first-quarter net loss on the back of foreign exchange losses, and despite improving on its operating profit as travel demand picked up.
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News
SpiceJet cargo unit set to secure $100m investment
Indian carrier SpiceJet has struck a preliminary deal for a $100 million investment into its recently spun out logistics unit SpiceXpress.
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Podcast
Airline Business Podcast: Q1 earnings, Ryanair order, Go First woes, Joyce's Qantas legacy
Graham and Lewis discuss how European and North American carriers performed during the recent earnings season, which saw a degree of ‘normalisation’ and plenty of positivity about the summer
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Analysis
Can Indian MRO sector meet market potential?
For all its ambitions to be an aviation powerhouse in its own right, India’s fledgling aerospace sector has some way to go.
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News
Philippine Airlines confirms intention to sell Dash 8 Q300s
Philippine Airlines (PAL) has confirmed plans to sell its fleet of De Havilland Dash 8 Q300s, and is looking at “newer generation” aircraft to replace them.
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News
ST Engineering aerospace revenue sees strong Q1 recovery
ST Engineering’s commercial aerospace business recorded a “strong” rise in first-quarter revenue, as it eyes opportunities from China’s reopening.
