All Asia Pacific news – Page 7
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NewsExtended restrictions to cost Asia-Pacific airports $34 billion of revenue in 2021
The Airports Council International (ACI) has warned that airports in the Asia-Pacific region could face a $34 billion revenue decline, if travel restrictions remain and border reopenings fail to gather pace.
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SIA, United sign secretive partnership MOU
Singapore Airlines and United Airlines have signed memorandum of understanding (MOU) related to a “partnership” between the two airlines.
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KAI preferred bidder for Baekdu SIGINT aircraft deal
Korea Aerospace Industries (KAI) has emerged as the top bidder in South Korea’s second Baekdu signals intelligence (SIGINT) aircraft competition.
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Hainan Airlines secures court approval for restructuring
Hainan Airlines Holdings has gained the crucial green light from a local court for its restructuring plan, which will see it merge with 11 smaller airlines into a single carrier.
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Boeing production cuts dent MHI aerospace revenue
Mitsubishi’s aerospace business swung to a net profit of Y7.6 billion ($66.6 million) for the first half of its 2021 financial year, although revenues fell 26.5% to Y247 billion.
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AirAsia X faces possible delisting after auditors issue disclaimer of opinion
Beleaguered long-haul, low-cost carrier AirAsia X could be delisted from the Malaysian stock exchange if it fails to successfully restructure its business.
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Tokyo takes delivery of first KC-46A
Boeing has delivered the first KC-46A tanker to the Japan Air Self-Defense Force (JASDF), the first delivery of the 767 derivative to a customer outside the USA.
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Covid-19 resurgence pushes China’s ‘Big Three’ deeper in the red
China’s three largest carriers widened their net losses for the third quarter of the year — despite an increase in revenue — as recent spikes in coronavirus infections dealt a “sustainable impact” on profitability.
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Analysis
What might COP26 mean for the airline industry?
On the eve of the UN climate change conference COP26, the airline industry is braced to discover what the eventual outcomes will mean for its growth path.
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AirAsia carriers optimistic of strong year-end recovery, amid Q3 traffic collapse
AirAsia Group’s airline units expect a “strong revival” for the year-end period, as key South-east Asia markets begin reopening to tourism.
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KAI in rapid development project for manned-unmanned teaming
Korea Aerospace Industries (KAI) has secured a government contract to rapidly develop and demonstrate a manned-unmanned teaming (MUM-T) application with its KUH-1 Surion helicopter.
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ANA cuts full-year earnings forecast, citing ‘delay’ in recovery
All Nippon Airways parent ANA Holdings expects to be loss-making for the full-year, as it cites a “delay in full recovery” from the “extended impact” of a prolonged coronavirus pandemic globally.
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Analysis
Cathay recovery still uncertain, amid prolonged border closures, fresh competition
More than a year after a massive restructuring, Hong Kong’s embattled Cathay Pacific looks to enter 2022 with its recovery in jeopardy, as the city’s international borders remain tightly shut, and new competition takes shape in its home turf.
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Air France-KLM awaits Asia re-opening as it turns in third-quarter operating profit
Air France-KLM Group is expecting its overall capacity for the fourth quarter to be some 25-30% down on the same period in pre-crisis 2019. The company gave the estimate as it demonstrated gradual recovery by posting a third-quarter operating profit of €132 million ($154 million). But it is not giving ...
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Australian Army leases two AW139s to support MRH90 operations
The Australian Army has leased a pair of Leonardo Helicopters AW139s to support a range of missions, including currency requirements for air crew.
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New Chinese carrier-capable fighter in maiden sortie
A new aircraft carrier-capable variant of the Shenyang FC-31 in flight has appeared on Chinese social media, following weeks of speculation about a maiden sortie.
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Philippine court grants local recognition for PAL Chapter 11 filling
Philippine Airlines has gained approval from a local court for a petition to formally recognise its Chapter 11 bankruptcy protection process in the USA .
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IndiGo widens Q2 operating loss; revenue sharply higher
Indian low-cost carrier IndiGo saw operating losses widen to INR14 billion ($187 million) for its second quarter ended 30 September, compared with an operating loss of INR12 billion a year earlier.
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Airbus to upgrade Chinese line for A321neos as first XLR nears assembly
Airbus is to ensure that all four of its A320neo-family assembly centres, including its Chinese facility, are capable of producing the larger A321neo variant. The airframer’s chief executive, Guillaume Faury, disclosed the plan during a third-quarter briefing, as the company prepared to start final assembly of the latest version of ...
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JAL picks ST Engineering for 787 component support
ST Engineering’s commercial aerospace unit has signed a Boeing 787 component support contract with Japan Airlines.
