Asia Pacific – Page 236
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NewsMalaysia Airlines has option to extend lease deferrals into 2022
Malaysia Airlines has the option of extending lease rental deferrals into 2022 if the market for air travel does not recover quickly enough.
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NewsDomestic and cargo pick-up in March fail to offset international traffic gloom
A strong recovery in the large Chinese domestic market was the key driver for an improved global passenger traffic performance in March, though RPKs still remain two-thirds below pre-crisis levels.
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NewsMajor airlift underway to help India fight Covid-19
Air forces and airlines are conducting a major airlift operation to bring urgently needed medical supplies to India amid the South Asian nation’s coronavirus crisis.
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NewsEnvironmental impact now part of airline fleet thinking: Udvar-Hazy
While Air Lease executive chairman Steven Udvar-Hazy sees airlines giving greater attention to addressing environmental concerns in their fleet planning amid heightened pressure to tackle aviation’s climate impact, he does not believe it will change the useful life of aircraft.
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NewsMalaysia Airlines to phase out A380s ‘in coming months’
Malaysia Aviation Group (MAG), Malaysia Airlines’ parent company, has indicated plans to retire its Airbus A380 fleet “in the coming months”.
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NewsIsrael Aerospace to set up 777 freighter conversion line in Seoul
Israel Aerospace Industries is intending to establish a Boeing 777 passenger-to-freighter conversion facility in South Korea, specialising in both -200LR and -300ER modification. The company has reached a preliminary agreement with Sharp Technics K and Seoul’s Incheon airport regarding the plan. IAI says it aims to convert six 777s annually ...
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News‘Some safe opening’ of air travel expected: Singapore transport minister
Singapore’s transport minister has played down any indication of a V-shaped recovery of the aviation industry this year, but notes that the first shoots of recovery are starting to form and this is something “worth working towards”.
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NewsPAL informs lessors of Chapter 11 filing deadline: sources
Philippine Airlines has informed its lessors of a plan to file for Chapter 11 bankruptcy protection in the USA by the end of May, three people with knowledge of the matter tell Cirium.
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NewsIndonesian startup Super Air Jet ready to roar
A new Indonesian airline with links to the Lion Air Group is in the process of building a narrowbody fleet.
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NewsPandemic pushes Vietnam Airlines to first-quarter loss
Vietnam Airlines saw significant losses during the first quarter of 2021 owing to Covid-19.
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NewsDhruv MkIII undergoes handling work on coast guard ship
The Hindustan Aeronautics (HAL) Dhruv MkIII MR 2.5t helicopter has undergone a series of trials aboard an Indian Coast Guard ship at sea.
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NewsAir New Zealand, Air China renew partnership
Air New Zealand has extended its strategic alliance partnership with Air China for another five years, as both carriers reiterated their commitment to work together as the airline industry recovers from the coronavirus pandemic.
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NewsSingapore Airlines secures S$2 billion in sale-and-leasebacks
Singapore Airlines has raised S$2 billion ($1.5 billion) in sale-and-leaseback transactions involving 11 aircraft.
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NewsPIA outlines latest restructuring plan to return to profitability
Pakistan International Airlines (PIA) has confirmed that a restructuring plan is in place to return the airline back to profitability, though the coronavirus pandemic has delayed some of these plans.
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NewsIndia approved to buy six more P-8I maritime patrol aircraft for $2.42bn
The US Department of State has approved a possible Foreign Military Sales deal to supply six Boeing P-8I maritime patrol aircraft to India for an estimated cost of $2.42 billion.
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NewsCommercial aircraft market should reach equilibrium by 2023: Udvar-Hazy
The commercial aircraft market should return to something more like its historical balance by 2023, following an accelerated retirement and replacement cycle, in the view of Air Lease executive chairman Steven Udvar-Hazy.
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Airline BusinessA-OK at South Korea’s low-cost start-up Aero K
South Korean low-cost start-up Aero K has big plans to become a “global best practice low-cost airline”, but the path to take-off was not an easy one, says airline chief Mike Kang.
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NewsANA forecasts profit return for year ahead after pandemic losses
All Nippon Airways’ (ANA) parent company expects to swing back to profitability for the current business year, on the back of air travel recovery helped by an improving global economy and vaccine rollouts.
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NewsChina’s ‘Big Three’ still in the red, though quarterly losses narrow
China’s three largest airlines warned that they were far from being out of the woods, despite narrowing their losses and a pickup in passenger traffic.
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NewsSteep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.