Asia Pacific – Page 220
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Airline BusinessAirline coronavirus recovery tracker: August 2021 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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NewsCovid-19 forces cancellation of Avalon Airshow in 2021
Australia’s Avalon Airshow has been cancelled owing to challenges posed by the coronavirus pandemic.
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NewsIndonesia’s Super Air Jet kicks off operations
Super Air Jet, the new Indonesian carrier with links to Lion Group founder Rusdi Kirana, has commenced operations, weeks after teasing an imminent launch.
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NewsRex to furlough employees as forecasted loss widens
Australia’s Regional Express will furlough an unspecified number of employees in the coming months, as it flags a deeper full-year loss amid ongoing lockdowns in several parts of the country.
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NewsStruggling Indonesian carriers’ jets enter storage in Australia
More than a dozen aircraft operated by Garuda Indonesia and privately-held Lion Air Group have been placed in storage in Australia this month.
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NewsPAL’s Chapter 11 hit by further delay as bank backs out: sources
Philippine Airlines’ filing for US Chapter 11 bankruptcy protection has been further delayed after one of the banks providing financing for the process backed out, according to two lessors with exposure to the airline. “The airline and the shareholder specifically are… already engaged in discussions with a replacement local back ...
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AnalysisWhat does the IPCC’s climate-change report say about aviation?
The IPCC’s Sixth Assessment Report, addressing the most up-to-date understanding of climate change, is another reminder of the pressing need for the aviation sector to reduce its environmental footprint.
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NewsAmeco begins work on ARJ21 modifications
Chinese MRO Ameco has commenced modification works on Comac’s ARJ21 regional jet.
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NewsTaiwanese carriers remain profitable in challenging quarter
Taiwan’s two largest carriers remained in the black in the second-quarter earnings, despite a resurgence of infections on the island.
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NewsST Engineering lands CFM56 contracts, eyes Leap work
Singapore’s ST Engineering will roll out MRO services for the CFM Leap-1B turbofan — which power the Boeing 737 Max — by the end of the year.
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NewsKorean Air enters urban air mobility R&D pact
Korean Air, Incheon International Airport Corporation (IIAC), and the Korea Aerospace Research Institute (KARI) have entered an agreement to explore urban air mobility (UAM) management.
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NewsST Engineering incorporates freighter leasing venture
Singapore’s ST Engineering has disclosed more details about its joint venture specialising in dedicated freighter leasing, following the latter’s incorporation.
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NewsNok Air creditors approve business rehabilitation plan
Thai low-cost carrier Nok Air has gained the green light from creditors to restructure under a business rehabilitation process.
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NewsMitsubishi Heavy aerospace business ekes out quarterly profit
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit returned to the black in its first-quarter financial results, despite slightly lower revenue.
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NewsLockheed, Northrop short-listed for Australian JBAMS deal
The Australian units of Lockheed Martin and Northrop Grumman have entered the final stage of bidding for Canberra’s planned Joint Air Battle Management System (JBAMS).
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NewsBOC Aviation signs fewer leases, sells more aircraft in Q2
BOC Aviation signed fewer lease commitments in the second quarter of this year, but took delivery of and sold more aircraft.
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NewsBoeing 737 Max en route to China for certification work
A Boeing 737 Max 7 took off from Seattle on 4 August and is headed to China, where the jet will participate in work related to that country’s 737 Max certification, an industry source says.
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NewsAirlines lost $72 per passenger in 2020 as Covid-19 ended positive trend
Airlines made a net loss of $71.71 per passenger during 2020, according to global data released by IATA, as the Covid-19 pandemic reversed a period of relatively strong financial performance.
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NewsAsia-Pacific aviation recovery not yet on horizon: AAPA chief
Association of Asia Pacific Airlines (AAPA) director general Subhas Menon stresses that vaccines and more harmony on travel rules and restrictions are key to getting the region flying again.
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NewsSingapore weighing up SAF use and production
Singapore is reviewing the operational and commercial viability of using and producing sustainable aviation fuels (SAF).