Asia Pacific – Page 155
-
NewsSpiceJet widens Q1 loss; eyes $200 million fundraising
Indian low-cost operator SpiceJet is “engaging with investment bankers” to potentially raise up to $200 million in fresh funds, even as it widened its quarterly losses, punished by soaring fuel costs and a depreciating Indian Rupee.
-
NewsKorean Air-Asiana merger gets Australian approval
Australia’s competition watchdog has greenlit Korean Air’s proposed acquisition of rival and compatriot Asiana Airlines, noting that the move does not lessen competition on flights between South Korea and Australia. In a statement released 1 September, the Australian Competition and Consumer Commission (ACCC) notes that while Korean Air and Asiana ...
-
NewsVirgin Atlantic broadens Indian reach with IndiGo codeshare
UK long-haul operator Virgin Atlantic is to extend its Indian reach through a codeshare agreement with budget airline IndiGo. The new partnership will enable onward travel from Virgin’s flights from London Heathrow to Delhi and Mumbai. It will initially cover seven cities in India, comprising Chennai, Bengaluru, Hyderabad, Kolkata, Ahmedabad, ...
-
NewsRaytheon secures $972m contract for F3R-standard AMRAAMs
Raytheon Missiles & Defense has been awarded a $972 million contract to deliver its F3R-standard AMRAAM air-to-air missile to the US military and 19 international customers.
-
NewsANA closes in on full recovery on North American network with Haneda ramp-up
All Nippon Airways will operate at 90% pre-pandemic capacity for its North American network, as the Japanese carrier announces a capacity ramp-up for the Northern winter travel season between November and March 2023.
-
NewsLoss of situational awareness saw Uni Air ATR strike runway threshold
A loss of situational awareness and procedural non-adherence saw the wheels and tail skid of a Uni Air ATR 72-600 turboprop collide with the pre-threshold area of a runway on 10 May 2021.
-
NewsChina’s ‘Big Three’ reticent on 737 Max’s return even as other deliveries continue
China’s three largest carriers continue to omit the Boeing 737 Max narrowbody from their near-term fleet plans, casting a pall over Boeing’s plans to return the type to Mainland service.
-
NewsChina’s continued ‘zero-Covid’ policy pushes ‘Big Three’ to record first-half losses
China’s three largest carriers widened their half-year losses, as they count the economic costs of China’s continued zero-infection policy, which has dampened travel demand.
-
NewsLockheed secures award for new Australian MH-60Rs
Lockheed Martin has secured a $504 million contract related to additional Sikorsky MH-60R helicopters for Australia.
-
NewsChina Airlines picks 787s for medium-haul fleet renewal in $4.6 billion deal
China Airlines has ordered 16 Boeing 787-9s, as the airline eyes a “post-pandemic boom” in travel demand.
-
NewsThai finally finds buyer for five stored A340-600s
Thai Airways International has sold five Airbus A340-600s for Bt350 million ($13 million), ending a 13-year search for buyers.
-
NewsWindshear, weak risk mitigation contributed to 2020 Australian C-130 firefighting crash
Windshear and procedures have been identified as factors in the fatal crash of a Lockheed Martin EC-130Q firefighting aircraft in Australia on 23 January 2020.
-
NewsAsia Digital Engineering eyes hangar expansion as Q2 profit hits new high
Asia Digital Engineering (ADE), the MRO arm of Malaysia-based Capital A, expects to expand its hangar space in the near-term, in anticipation of an increase in maintenance work as travel recovers.
-
News‘We are back’: AirAsia Aviation sees recovery by mid-2023 amid swing to modest profit
AirAsia Aviation Group expects to recover full operations by mid-2023, as capacity ramp-up continues amid optimism that travel demand will remain robust.
-
Airline BusinessSlower restart fails to protect Qantas and ANZ from operational woes
This week’s earnings commentaries from two of the airlines most affected by travel restrictions during the Covid-19 crisis show how all corners of the industry are vulnerable to operational challenges.
-
In depthBeijing cranks up the airpower threat against Taiwan
The People’s Liberation Army Air Force (PLAAF) continues to probe Taiwan’s air defences on a daily basis, operating 366 aircraft sorties against the island nation since 2 August.
-
NewsHAECO appoints MRO veteran Steinhoff as commercial chief
HAECO has appointed Gerald Steinhoff as its new chief commercial officer, effective 1 January 2023.
-
NewsRex widens full-year losses on soaring fuel costs, but targets ‘good profitability’
Australia’s Regional Express (Rex) is “cautiously optimistic” that it will return to profitability in its 2023 financial year, amid “positive developments” in its mainline and regional operations.
-
NewsUS government clears possible $1.95 billion UH-60M deal for Australia
The US government has cleared the possible sale of 40 Sikorsky UH-60M Black Hawk helicopters to Australia, which will replace Canberra’s troubled fleet of 47 NH Industries NH90s.
-
Airline BusinessAirline Business Index surges towards 2019 baseline as travel demand returns
The latest Airline Business Index shows the global airline industry’s progress towards its pre-Covid size accelerated rapidly during the second quarter of 2022, as revenues in particular surged alongside passenger numbers.