Asia Pacific – Page 158
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NewsAkasa Air co-founder and key backer Jhunjhunwala dies
Indian billionaire and co-founder of start-up Akasa Air Rakesh Jhunjhunwala has died, days following the airline’s public launch.
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Airline BusinessCathay’s shift in tone underscores intent to show it’s back in business
Cathay Pacific has arguably been among the hardest hit of airlines by Covid travel limitations over the past two years. However the Hong Kong carrier in its half-year results now appears to be cautiously positive about its future prospects, though travel restrictions remain a challenge.
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NewsST Engineering aerospace unit sees jump in profits as recovery continues
ST Engineering’s commercial aerospace division nearly doubled its operating profit for the half-year, amid a steady rise in revenues and continued business recovery.
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NewsCebu Pacific trims quarterly loss amid strong passenger revenue recovery
Cebu Pacific narrowed its second-quarter losses on the back of a four-fold jump in revenue, as passenger travel continues to recover.
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NewsChinese carriers resume London flights after UK, China lift pandemic ban
China’s three largest carriers are to resume direct scheduled flights between the UK and China, following the easing of an operational ban imposed at the height of the coronavirus pandemic.
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NewsCathay ‘very likely’ to be profitable in second-half of 2022: HSBC report
A HSBC Global Research report believes profitability is imminent for Hong Kong-based Cathay Pacific, as the city looks set to continue easing onerous pandemic restrictions.
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NewsBangkok Airways narrows Q2 loss
Bangkok Airways trimmed its second-quarter operating loss, as revenue increase outpaced a steady rise in costs.
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NewsHit by wave of crew sickness, Air New Zealand trims capacity forecast
Air New Zealand is to cut capacity over the next six months, as the airline confronts its highest levels of crew sickness in more than a decade.
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NewsCathay Pacific cuts losses despite ‘particularly unfavourable’ start of year
Cathay Pacific Group narrowed its losses for the six months to 30 June on the back of a significant jump in passenger travel revenues, despite what it calls a “particularly unfavourable” operating environment at the start of the year.
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NewsTaiwanese carriers remain in the black amid rising costs
Taiwan’s two largest carriers were profitable in their second-quarter financial results, even as costs and expenses continued to steadily increase.
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NewsChinese aircraft continue heavy activity around Taiwan as Beijing extends military exercises
The island nation’s defence ministry says dozens of Chinese military aircraft are still operating around the disputed territory, with Beijing extending its exercises in the area.
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Airline BusinessAirline Business Covid-19 recovery tracker: August 2022 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsMitsubishi Heavy aerospace business sees profit jump despite revenue dip
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit posted an operating profit of Y6.5 billion ($48.2 million) for the three months to 30 June, helped by strong performance across the business.
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NewsUS military will ‘continue to fly’ in Taiwan Strait following crisis ‘manufactured’ by Beijing: Pentagon
The declaration from a senior US defence official comes amid heightened tensions with China over an official visit to Taiwan.
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NewsChinese carriers help lift Airbus net orders by nearly 400 aircraft
Airbus has added nearly 400 net orders to its total for the year, following a strong July, and includes the large agreement for aircraft from four Chinese carriers. These Chinese operators are collectively taking 196 A321neos, plus 82 A320neos and 14 A319neos. Airbus also recorded 39 A321neo orders from LATAM, ...
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NewsBangladesh’s Meghna Aviation orders one Bell 505, Bell 407GXi
Bangladeshi operator Meghna Aviation has signed a purchase agreement for two Bell helicopters, a Bell 505 and a Bell 407GXi, doubling their current rotorcraft fleet.
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NewsAustralia’s Alliance Aviation exits turboprop operations with Fokker 50 retirement
Australia’s Alliance Aviation has retired – and sold – its fleet of Fokker 50s, citing customer preference for jet aircraft on charter operations.
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NewsChina adjusts suspension measures for international flights
China has again tweaked penalties for international flights found to carry passengers testing positive for the coronavirus.
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NewsChina sends nearly 70 aircraft into Taiwan Strait, while US jets observe the west
Taiwan’s Ministry of National Defence says China sent 68 military aircraft into the disputed waterway, with more than half of those crossing the so-called median line.
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Airline BusinessAirlines report profits amid troublesome geopolitical and economic outlooks
The current financial results season has seen more airline groups return to profit for the quarter ending 30 June, with many reporting higher-than-expected demand and strong yields in passenger and cargo markets. The latest to report is Lufthansa Group, which today cited a “boom in demand for airline tickets” as ...