All Asia Pacific news – Page 277
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NewsVietnam Airlines warns of big loss for first nine months of 2020
Vietnam Airlines has warned of a consolidated loss of D10.8 trillion ($464 million) in the first nine months of 2020, as the coronavirus pandemic takes its toll on operations. The company adds that it expects consolidated revenues of D23.9 trillion for the first nine months of the year, a quarter ...
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NewsRotorcraft Asia postponed three months to mid-2021
The organiser of Singapore’s biennial Rotorcraft Asia and Unmanned Systems Asia (RCA-UMSA) event have postponed the show three months to 27-29 July 2021. The show, co-located at Changi Exhibition Centre with the Imdex naval show, had originally been planned for 30 March to 1 April 2021. Source: Greg ...
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NewsChina Southern prices CNY16 billion convertible bond
China Southern Airlines has announced pricing of an upcoming convertible bond issue that is set to raise CNY16 billion ($2.4 billion) for the carrier. The bonds, convertible to mainland China-listed A-shares, will bear 0.2% interest in the first year, 0.4% in the second year, 0.6% in the third year, 0.8% ...
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NewsAirshow China confirms indefinite postponement, citing pandemic
The organisers of the biennial Airshow China event in Zhuhai have officially confirmed the show’s cancellation, a month after an initial announcement was hastily retracted. A notice on the show’s website gave no indication as to when the next show will take place, except to say that the new dates ...
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NewsChina Eastern parent gets CNY31 billion cash injection
China Eastern Airlines’ parent company, China Eastern Group, has received a CNY31 billion ($4.6 billion) capital boost from four state-owned enterprises. The four companies involved in the capital increase are China Life Investment Holdings, which will inject CNY11 billion; Shanghai Jiushi Group with CNY10 billion; as well as China Guoxin ...
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NewsAustralian MRTTs to receive communications, mission system upgrades
Canberra plans to upgrade the communications and mission system equipment aboard its fleet of Airbus Defence & Space A330 multi-tole tanker transports (MRTTs). The project will bring the Royal Australian Air Force’s (RAAF’s) locally-designated KC-30A fleet up to the latest standard for the type, says Airbus. Source: Commonwealth ...
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NewsLessors reject Malaysia Airlines’ restructuring plan: report
Most of Malaysia Airlines’ lessors have rejected a restructuring plan it proposed, according to a media report. Lessors claiming to represent 70% of the aircraft and engines leased to the airline group have called the plan “inappropriate and fatally flawed” and pledged to challenge it, Reuters reported on 10 October, ...
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NewsThai Vietjet charts modest expansion amid weak market
Thai Vietjet Air plans to both grow its fleet and add staff even though domestic air travel with Thailand remains subdued amid the coronavirus pandemic. The airline says it plans to grow its fleet to 15 aircraft “by 2021”, and is in the process of hiring additional flight crew, ground ...
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Airline BusinessAirline coronavirus recovery tracker: October 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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InterviewST Engineering’s new aerospace chief sees opportunity amid pandemic crisis
ST Engineering’s aerospace unit saw a leadership change on 1 October, when Jeffrey Lam took the helm. While the industry may be mired in crisis, Lam believes there are still plenty of opportunities for innovative companies.
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NewsGolden Week adds shine to China’s domestic airline recovery
Chinese airlines carried more than 13 million passengers across the recent Golden Week holidays in October, with the number of flights mounted during the period close to pre-pandemic numbers. Chinese carriers mounted more than 117,000 flights between 1 to 8 October. Of these, a large majority — nearly 110,000 ...
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NewsPerson ‘more likely to be hit by lightning’ than catch Covid-19 in aircraft
Data suggests that an individual has a much greater chance of being hit by lightning over a 12-month period than they would of catching Covid-19 during a commercial flight, according to IATA.
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NewsZipair Tokyo to start passenger flights on 16 October
Japanese start-up Zipair Tokyo will begin passenger flights to Seoul Incheon on 16 October after a planned earlier launch was delayed by the Covid-19 crisis.
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NewsAirports saw 58% drop in passengers during first half of 2020
Worldwide airport passenger numbers were down 58.4% year on year during the first half of 2020 as the pandemic weighed on travel demand, according to ACI World data released today.
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Airline BusinessCreditors face painful choice over AirAsia X
AirAsia X has asked creditors to accept an epic debt haircut, offering two painful options amid an airline industry in crisis. Announced on 6 October, the plan, if approved, would see liabilities of some MYR63.5 billion ($15.3 billion) reduced to just MYR200 million payable within the next five years at ...
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NewsCebu Pacific to raise $500 million in fresh capital
Cebu Pacific announced plans to raise up to $500 million in additional capital — by selling preferred shares and bonds — as it undertakes a restructuring exercise that sees it cut its fleet and network to cope with reduced travel demand. The Philippine low-cost carrier discloses that it will raise ...
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NewsSingapore reiterates support for SIA, Changi Airport through pandemic
The Singapore government has pledged to support troubled national carrier Singapore Airlines (SIA) and the Changi Airport Group (CAG) “as much as we can” through a “deep crisis”, as it mulls a safe and steady reopening of its borders. Speaking at a parliamentary sitting on 6 October, transport minister Ong ...
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NewsAirAsia X to shed aircraft and restructure debts
Grounded long-haul low-cost carrier AirAsia X has unveiled a restructuring plan under which it aims to get debts waived and cut aircraft from its fleet in the hope that it will be able to avoid liquidation and raise fresh equity. AirAsia X says it “will not be able to meet ...
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NewsAir New Zealand announces executive changes
Air New Zealand has announced further changes to its executive team – the addition of a new role as well as the resignation of its finance chief. Leanne Geraghty has been appointed to the newly created position of chief customer and sales officer, reporting directly to chief executive Greg Foran. ...
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NewsSpiceJet to launch A330neo flights to London in December
SpiceJet plans to operate nonstop Airbus A330neo flights from two points in India to London Heathrow from 4 December under an “air bubble” agreement.