Asia Pacific – Page 232
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Airline BusinessIATA chief economist signs off with optimistic outlook for airline recovery
Brian Pearce’s final IATA media briefing as the association’s chief economist saw him provide a relatively positive industry outlook, after a year in which he had become accustomed to delivering unimaginably bleak news about airline fortunes.
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NewsGaruda Indonesia targets cargo revenue increase amid restructuring rumours
Beleaguered Garuda Indonesia is planning to significantly boost its cargo revenue in the near-term, as part of efforts to stem its losses amid the coronavirus outbreak.
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NewsAirAsia Group targets recovery in two years after Q1 loss widens
Ongoing travel restrictions have contributed to a 2.4% year-on-year widening of AirAsia Group’s first-quarter net loss, to MYR976 million ($235.8 million).
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NewsAir Works marks ‘strategic shift’ with 3D printing partnership
Indian MRO Air Works has partnered with additive manufacturing and services provider Objectify Technologies to explore business opportunities in 3D printing solutions for the aerospace and defence industries.
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NewsIATA expects airline passenger numbers to exceed pre-Covid levels in 2023
Airline industry body IATA has outlined an “optimistic” outlook for the Covid-19 recovery, forecasting that pre-crisis passenger numbers will be exceeded as soon as 2023.
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NewsAirline recovery brings fresh cash-crunch risk as costs return: IATA chief
Airlines will face a new cash-crunch challenge as the resumption of operations sees a range of costs return alongside a lack of liquidity from forward bookings, in the view of IATA director general Willie Walsh.
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NewsQantas puts 787s on domestic flights in capacity ramp-up
Qantas will deploy its Boeing 787-9s on domestic flights for the first time since the type entered its fleet, as part of a capacity expansion that will also see seven new domestic routes launched.
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NewsHAECO, AeroLogic renew 777F heavy maintenance contract
HAECO Hong Kong has extended its multi-year heavy maintenance agreement with German cargo carrier AeroLogic for another four years.
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NewsGaruda Indonesia reportedly eyeing fleet cuts as part of ‘complete’ restructuring
Beleaguered Indonesian flag carrier Garuda Indonesia could halve its fleet to “no more than 70 aircraft”, reportedly as part of restructuring efforts to turn the airline around.
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NewsShanghai AJ Group partners with Juneyao for aviation investment
Investment holding company Shanghai AJ Group is partnering with Juneyao Air to potentially make an investment in an aviation company.
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NewsIndiGo solidifies CFM position with Leap-1A deal for over 300 jets
Indian budget carrier IndiGo has selected the CFM International Leap-1A to equip another 310 Airbus A320neo-family aircraft. It operates A320neo and A321neo aircraft with both the Leap-1A and the rival Pratt & Whitney PW1100G powerplant. But the selection of 620 new engines – plus spares – cements CFM as the ...
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In depthChina’s J-10 comes of age with indigenous engine
The recent appearance of an operational Chengdu J-10C powered with a domestically made engine marks a key moment for the single-engined type in the Peoples’ Liberation Army Air Force (PLAAF).
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NewsAirAsia X posts Q1 operating loss of MYR5.5 billion
Malaysian long-haul, low-cost carrier AirAsia X has posted a first quarter operating loss of MYR5.5 billion ($1.3 billion) amid the collapse in its business owing to the coronavirus pandemic.
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NewsThai Airways’ creditors approve rehabilitation plan
Thai Airways International’s creditors have approved its rehabilitation plan at a 19 May meeting.
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NewsFosun International unit setting up firm to invest in airlines
A subsidiary of Chinese conglomerate Fosun International is setting up a company with the purpose of investing in airlines.
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NewsVirgin Australia details growth plan for domestic network
Virgin Australia Group has disclosed plans to grow its domestic network, which entails adding 700 weekly flights by October through new services and adding capacity on key routes.
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NewsStrong cargo performance helps Asiana narrow losses
Asiana Airlines narrowed its first quarter operating loss to W11.2 billion ($9.9 million), compared with W2 trillion a year earlier.
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NewsCathay Pacific aims to attain carbon neutrality by 2050
Hong Kong carrier Cathay Pacific has committed to cut carbon emissions to net zero by 2050, by focusing on investing in sustainable aviation fuel (SAF), carbon emission offsets and reducing emissions through enhanced efficiency.
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NewsStop-start recovery for Asia-Pacific aviation market, warn experts
Webinar panelists suggest region faces an on-off recovery as states respond to Covid-19 outbreaks by closing borders with little warning
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NewsAirbus, Singapore complete A330 MRTT automatic refuelling trials
Airbus Defence & Space and the Republic of Singapore Air Force (RSAF) have completed flight trials of an automatic refuelling system (A3R) update for the A330 multi-role tanker transport (MRTT), with certification expected to follow before the end of 2021.