All Asia Pacific news – Page 270
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NewsShuttered AirAsia Japan files for bankruptcy
AirAsia Japan has filed for bankruptcy, more than a month since it ceased all operations.
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NewsChina’s ‘Big Three’ expand domestic network amid continued recovery
China’s three largest carriers grew their domestic networks in October, tapping into second- and third-tier cities to launch new routes, as they recorded yet another month of domestic traffic recovery.
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NewsJapan flies Bell Boeing V-22 Osprey for the first time
The Japanese military flew the Bell Boeing V-22 Osprey for the first time at Kisarazu Air Field on 6 November.
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NewsTravel bubbles a ‘big step in right direction’: AAPA chief
The Association of Asia Pacific Airlines (AAPA) sees the establishment of travel bubble arrangements — such as the recently-announced example between Singapore and Hong Kong — as a “big step in the right direction” to restarting cross-border travel amid the coronavirus outbreak.
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NewsQantas celebrates centenary in shadow of pandemic, quietly hopeful about future
Qantas chief Alan Joyce has expressed optimism about the carrier’s prospects of its ultra-long-haul Project Sunrise, stating that the “business case for that is going to be even better” once the gloom surrounding the coronavirus crisis lifts.
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NewsKorean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
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NewsAlliance Aviation acquires Toll Group MRO unit
Australia’s Alliance Aviation will acquire transportation and logistics giant Toll Group’s MRO unit, in what it calls a deal of “great strategic value”.
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NewsCathay’s ‘very difficult’ October sees first traffic decline in months
Cathay Pacific cut capacity in October — the first time in nearly half a year — as it saw passenger load factor for the month plummet to its lowest since the start of the coronavirus outbreak.
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NewsNigeria gears up to receive JF-17s
The Nigerian air force is set to receive three Chengdu/Pakistan Aeronautical Complex JF-17 fighters, as well as eight unmanned aerial vehicles (UAVs) from China. The JF-17 acquisition will see Pakistani pilots and technicians deployed to Nigeria for the first year of operations in the country, according to a post on ...
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NewsVietnam clears project funding for new Ho Chi Minh City airport
Hanoi has signed off on funding of VND109 billion ($4.7 billion) for the first phase of Ho Chi Minh City’s new airport, to be located in nearby Long Thanh province. Deputy prime minister Trinh Dinh Dung signed the decision on 11 November, according the Civil Aviation Authority of Vietnam. ...
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NewsVietjet, UPS in cargo flight tie-up
Vietnamese low-cost carrier Vietjet Air and logistics firm UPS have entered a cargo partnership agreement.
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NewsSIA boosts liquidity with S$850 million bond issue
Singapore Airlines (SIA) has successfully raised S$850 million ($630 million) through a convertible bond issue.
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NewsAir New Zealand names new finance chief
Air New Zealand has appointed its former senior executive Richard Thomson as its next chief financial officer.
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Airline BusinessCostly refits further dim A380’s appeal for Asia-Pacific operators
The small number of Airbus A380s in the Asia-Pacific that have undergone cabin upgrades is a challenge for the type’s post-pandemic future in the region.
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NewsThai Airways’ operating losses deepen in Q3
Thai Airways International’s losses deepened and revenues plummeted in the third quarter ended 30 September as the impact of the Covid-19 pandemic on its operations continued to be felt.
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NewsChinese carriers poised to recapture international travel market share: HSBC report
With many of their foreign competitors in the doldrums amid a pandemic-led downturn, China’s three largest carriers — having already experienced a steady domestic recovery — are well-placed to recapture market share in the international air travel market.
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NewsIHI sees profitable aftermarket for engine spares dry up
Japanese firm IHI continues to see weakness in its civil aircraft engines business owing to the coronavirus pandemic. “Sales of engines and spare parts in the civil aero engines business is greatly decreasing owing to the drastic decline in demand for aero transportation and the deterioration of business conditions for ...
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NewsBoeing buoyant about robust China market growth
Boeing estimates Chinese carriers to require 8,600 new aircraft — at a pricetag of over $1.4 trillion — over the next 20 years, underscoring the airframer’s optimism about what it deems a key market.
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NewsSpiceJet Q2 losses narrow on cargo revenue growth
A steady increase in cargo revenue helped Indian low-cost carrier SpiceJet narrow its quarterly operating loss, even as passenger travel demand remains in the doldrums amid the coronavirus pandemic.
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NewsSMBC Aviation Capital sues Garuda over unpaid rent
SMBC Aviation Capital has joined the list of lessors that are suing Garuda Indonesia over unpaid aircraft lease rentals.