All Asia Pacific news – Page 269
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Airline BusinessWomen have 14% of top airline jobs in slow trend towards parity
FlightGlobal’s survey of the crisis-hit airline industry reveals progress has been made on improving the C-suite gender balance over the past 12 months – but from a low base
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NewsHAL HJT-36 has another go at spin testing
The Hindustan Aeronautics (HAL) HJT-36 Sitara Intermediate Jet Trainer (IJT) has commenced spin testing following extensive work to rectify previous issues with this area of the flight envelope. The HJT-36 has already cleared the full envelope in areas such as speed, altitude, and load factors, says HAL. In addition, drop ...
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NewsBOC Aviation, ILFC win civil suits against AirAsia X
Troubled long-haul, low-cost carrier AirAsia X has lost civil suits mounted by two lessors over lease debts for six aircraft.
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Airline BusinessThe real trouble with travel bubbles
A two-week delay in the Hong Kong-Singapore air travel bubble starkly illustrates how fragile an Asia-Pacific air travel recovery will be absent a universal coronavirus vaccine.
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NewsSingapore-Hong Kong travel bubble postponed, after surge in coronavirus cases
Singapore and Hong Kong have pushed back the start of air travel bubble arrangements, a day before it was due to commence, and following a spike in coronavirus cases in Hong Kong.
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Airline BusinessCrisis CO2 levels highlight scale of airline challenge: IATA sustainability chief
The huge reduction in emissions from commercial airlines in 2020 paradoxically highlights the scale of the challenge ahead for the industry to meet its sustainability targets, according to IATA’s director of aviation environment, Michael Gill.
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NewsGaruda gets shareholders’ nod for Rp8.5 trillion government funding
Garuda Indonesia’s shareholders have overwhelmingly approved the sale of convertible bonds — worth up to Rp8.5 trillion ($602 million) — giving the struggling carrier a much-needed financial lifeline to tide through the coronavirus crisis.
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NewsChina in no hurry to return 737 Max to service
China’s civil aviation authorities have reiterated comments made a month ago that there was “no set timetable” to lift the grounding of Boeing 737 Max. In comments reported by state broadcaster CCTV on 19 November, the Civil Aviation Administration of China (CAAC) restated three key rules it laid out in ...
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NewsAirAsia X plunges deeper into red amid ongoing grounding
Troubled long-haul, low-cost carrier AirAsia X widened its quarterly loss, as it remained grounded amid the coronavirus pandemic.
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Airline BusinessTopi Manner on shaping Finnair for a post-pandemic market
The chief executive of the state-owned carrier explains how a ‘financial bazooka’ will help it through the crisis, and how it plans to emerge as a premium airline with a continued focus on Europe-Asia routes
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NewsPakistan ATR 42 crash inquiry finds crew’s licences were valid
Two pilots of the Pakistan International Airlines ATR 42-500 which crashed near Havelian four years ago were among cockpit crew initially suspected of holding dubious licences, but accident investigators have concluded their qualifications were valid. Pakistan’s civil aviation authority initiated an examination of pilot licensing records last year, finding evidence ...
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NewsRex inks funding agreement for March domestic network launch
Australia’s Regional Express is on track to launch domestic jet operations on 1 March, having signed an agreement for A$150 million ($109 million) funding from PAG Asia Capital and scheduled a proving flight with authorities in early December. “We will debut on the Sydney-Melbourne route with three aircraft on 1 ...
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NewsGreater Bay Airlines approaches lessors for initial aircraft
Hong Kong start-up Greater Bay Airlines has approached leasing companies to acquire its first aircraft with which it hopes to begin operations as early as next summer, Cirium has learned.
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NewsCrashed PIA ATR 42 stalled and inverted after complex engine failure
Investigators have determined that the complex failure of a Pakistan International Airlines ATR 42-500’s left-hand engine preceded a loss of control which developed into a stall, loss of altitude, and eventual fatal collision with terrain. At one point in the accident sequence the aircraft inverted as it underwent a full ...
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Airline BusinessIs Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
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NewsAsiana swings back to profitability in Q3
Asiana Airlines — most recently the subject of an acquisition by rival Korean Air — swung back into the black in its third-quarter earnings, helped by an uptick in cargo revenue and a steep reduction in costs.
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NewsRelaunched Virgin Australia targets mid-market segment
Virgin Australia is setting its sights on the mid-market segment, having completed the sale and transfer to Bain Capital on 17 November. “Australia already has a low-cost-carrier and a traditional full-service airline, and we won’t be either,” chief executive Jayne Hrdlicka states. Source: Virgin Australia Virgin Australia is ...
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NewsST Engineering reorganises aerospace unit in company-wide rejig
ST Engineering will subsume its commercial aerospace business into a larger Commercial cluster, as part of a company-wide reorganisation.
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NewsNok Air’s losses deepen in third quarter
Nok Air’s pre-tax losses deepened in the third quarter to Bt2.59 billion ($86 million), from Bt482 million in the year-ago period. The Thai low-cost carrier attributes its poorer financial performance to the Covid-19 pandemic, while new accounting standards and the liquidation of subsidiary NokScoot were also contributing factors. ...
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NewsBangkok Airways sinks deeper into red as Q3 revenues plummet
Bangkok Airways sank deeper into the red, as third-quarter revenues declined by 86.5% to Bt903 million ($30 million). Revenue from airlines, which in the year-ago period accounted for more than two-thirds of total revenues, was nearly wiped out, declining by 91.3% year-on-year to Bt394 million. Source: Max Kingsley-Jones ...