Asia Pacific – Page 219
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NewsJeju Air to raise $180 million via share issue
Jeju Air aims to raise nearly W210 billion ($180 million) from an equity raise.
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NewsRex furloughs 500 staff amid prolonged domestic lockdowns
Australia’s Regional Express has stood down 500 staff members for nearly a month, as domestic lockdowns — meant to contain the spread of the coronavirus — show no sign of letting up.
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NewsThai AirAsia parent widens second-quarter operating loss
Thai AirAsia parent company Asia Aviation widened its second-quarter operating loss — with revenue decline outpacing cost reduction efforts — as the low-cost carrier eyes alternative revenue streams in e-commerce and cargo.
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NewsSpiceJet Q1 losses widen amid India’s second Covid-19 wave
Indian carrier SpiceJet saw its net loss for the first quarter of its 2022 financial year widen to INR7.29 billion, compared with INR 5.9 billion a year earlier.
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NewsCathay expects demand boost following traffic improvement in July
Cathay Pacific has reported “improvements” in passenger travel demand in July — despite seeing a slight dip in capacity for the month — as it anticipates a further boost to demand in August and September.
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NewsKorean Air’s operating profit rises on record cargo performance
Korean Air lifted its second quarter operating profit 31% to W197 billion ($174) million on the back of a record performance from its cargo business.
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NewsBangkok Airways narrows losses in challenging second quarter
Bangkok Airways narrowed its second quarter operating loss to Bt493 million ($14.8 million) from Bt2.7 billion a year earlier, as it continued to suffer from the collapse of Thailand’s tourism market amid the coronavirus pandemic.
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NewsAir New Zealand defers equity raise to first quarter of 2022
Air New Zealand will defer a planned equity raise to at least the first quarter of 2022, in accordance with New Zealand’s latest action plan for a phased reopening.
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NewsTokyo cuts LRASM weapon from F-15J upgrade programme on cost fears
Japan’s defence ministry has confirmed that an upgrade programme for 70 Boeing F-15Js will no longer include Lockheed Martin’s Long Range Anti-Ship Missile (LRASM) due to cost and schedule concerns.
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NewsST Engineering’s Commercial Aerospace unit reports S$89.7m H1 profit
ST Engineering’s Commercial Aerospace segment has reported an operating profit of S$89.7 million ($66 million) for the first half of 2021.
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NewsCovid-19 creates vexing planning environment: Cathay chairman
Cathay Pacific Group chairman Patrick Healy has highlighted the difficulties the coronavirus pandemic poses for planning airline operations.
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NewsIHI sees glimmers of hope in civil aircraft engine business
Japan’s IHI sees signs of recovery in its civil aircraft engines business, but warns of continued impact of coronavirus pandemic.
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NewsJakarta reaffirms interest in KF-21/IF-X; engineers returning to Korea
Indonesian aerospace engineers will return to South Korea to continue work on the Korea Aerospace Industries (KAI) KF-21/IF-X, underlining Jakarta’s continued support of the programme.
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NewsCebu Pacific suffers another tough quarter amid Covid-19
Cebu Pacific Air narrowed its second quarter operating loss to P5.8 billion ($115 million), with revenue more than doubling to P3.2 billion from a year earlier.
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NewsRoyal Brunei Airlines cuts July-October schedule amid outbreak
Royal Brunei Airlines will reduce flight operations to a few direct services between July and October, amid a new wave of Covid-19 infections.
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NewsCargo 747's unauthorised runway entry forced A330 to abort Hong Kong take-off
Investigators in Hong Kong have found that a taxi instruction to a Boeing 747-400SF was misconstrued by its crew to include a runway crossing clearance, resulting in an Airbus A330-300’s having to abort its take-off roll when the 747 entered the active runway. The Air Cargo Global 747 had landed ...
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NewsCapacity shortfall crimps Cathay’s cargo performance
Cathay Pacific enjoyed sharply higher cargo yields during the first six months of 2021, although crew quarantine restrictions and a lack of bellyhold capacity capped performance.
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NewsCathay narrows half-year losses, as ‘toughest period in our history’ continues
Cathay Pacific Group narrowed its half-yearly losses on the back of significant cost-cutting, but has warned that the pace and timing of a travel recovery “remain uncertain”.
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NewsKAI lands coast guard order for two more Surions
Korea Aerospace Industries (KAI) has secured an order for two additional KUH-1CG “Whitesuri” helicopters from Seoul for coast guard use.
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News737 Max takes off for test flight in China
A Boeing 737 Max has taken off in China for what appears to be its first test flight in its local recertifcation campaign, possibly paving the way for a return to service in one of Boeing’s key international markets.