Asia Pacific – Page 230
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NewsGaruda paints grim picture amid restructuring
Indonesia’s embattled flag carrier Garuda has revealed the dire extent of its downsizing of operations as it urgently seeks to restructure its business and stem losses, and may need to consider a future largely focused on domestic flying.
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NewsCovid-19 charters to inform IndiGo’s future international plans
Indian low-cost carrier IndiGo will use knowledge gained through international charters during the coronavirus pandemic to help reboot its international network.
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NewsGaruda Indonesia negotiates with lessors for return of up to 50 jets
Garuda Indonesia has shed more light on its operating circumstances, including on the skeletal fleet it is operating amid the coronavirus pandemic, as well as measures taken to cut costs.
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NewsAirAsia’s first dedicated freighters to begin operations in Q3
AirAsia will operate its first dedicated cargo aircraft — a Boeing 737-800 freighter — in the third quarter of the year, as the low-cost giant doubles down on expanding in the region’s fledgling cargo market.
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NewsDomestic Covid-19 resurgence to push Rex to full-year loss
Australia’s Regional Express has revised its full-year earnings forecast — from breaking even to a pre-tax loss — as a resurgence in coronavirus cases has forced a significant number of flight cancellations.
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NewsAirlines to resume Phuket services from July
Airlines are re-establishing direct flights to Phuket from July as the Thai government pushes ahead with a pilot scheme to reopen the island destination to vaccinated international tourists.
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NewsApril air cargo demand up 12% from pre-crisis level: IATA
Global air cargo demand in April was up 12% from pre-crisis levels, according to IATA, as the sector continues to offer a rare positive airline story during the Covid-19 crisis.
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NewsAirbus, Boustead to explore fixed wing military MRO in Malaysia
Airbus Defence & Space and Malaysian firm Boustead Heavy Industries (BHIC) will explore the possibility of fixed-wing aircraft maintenance, repair and overhaul in the Southeast Asian country.
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NewsRestructuring ‘deemed necessary’ to help Hong Kong Airlines stay afloat
Embattled Hong Kong Airlines (HKA) has hinted at restructuring into a “leaner and more efficient” carrier, as the coronavirus pandemic worsens its shaky financial situation.
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NewsCathay gets one-year drawdown extension for $1bn loan facility
The Hong Kong government has agreed to extend the drawdown period of a HK$7.8 billion ($1 billion) loan facility for Cathay Pacific Airways by 12 months.
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NewsIndiGo chief strikes confident tone despite huge losses
Indian low-cost carrier IndiGo is optimistic that passenger levels will return to where they were in February by the end of 2021.
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NewsMalaysia’s air traffic slump to continue into next quarter
Malaysia’s air traffic is expected to remain at current low levels for at least the next three months, amid countrywide movement restrictions in place until mid-June.
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NewsCoronavirus hammers IndiGo earnings in 2021
Indian low-cost carrier IndiGo slumped to an operating loss of INR4.6 billion ($63 million) for its 2021 financial year, compared with an operating profit of INR56 billion a year earlier.
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NewsLessors seeking detail of AirAsia and AAX fundraisings
The restructurings of long-haul low-cost carrier AirAsia X and its short-haul cousin AirAsia are making progress, but lessors have doubts about the carriers’ ability to secure the fresh funds they need to make new business plans work.
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Airline BusinessAirline Business Friday Briefing: A week of Boom and bust
If ever a week has demonstrated how much the luck of an airline’s home market is dictating its fortunes during the crisis, this was it.
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NewsGaruda defers periodic distribution under $500 million sukuk
Garuda Indonesia will defer payment of a periodic distribution under its $500 million sukuk trust certificate as it considers “strategic alternatives” to address ongoing challenges amid the pandemic.
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NewsBiden curtails US investment in AVIC, other aerospace players
US President Joe Biden has issued an executive order that bars US securities investment in 57 Chinese companies with defence ties, with airframer AVIC featuring prominently on the list.
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NewsAsia-Pacific 737 Max deliveries resume amid slow road to recertification
Fiji Airways became the first carrier in the Asia-Pacific region to take delivery of new Boeing 737 Max aircraft this year, after Fijian civil aviation authorities lifted the type’s grounding.
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NewsT’way Air introducing A330s to all-Boeing fleet in February
All-Boeing operator T’way Air is adding three Airbus A330-300s to its fleet in February 2022.
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NewsUS government clears $3.5 billion Apache sale to Australia
Canberra’s planned acquisition of 29 Boeing AH-64E Apache Guardian attack helicopters has received the blessings of the US State Department.