Asia Pacific – Page 243
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NewsThai Airways challenges lessors’ future rental claims
Thai Airways International is challenging lessors’ claims for future rentals agreed under long-term lease agreements, according to a lawyer acting for some of the airline’s creditors.
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NewsLessor CALC axes 26 737 Max jets from orderbook
Lessor China Aircraft Leasing (CALC) has cut its orders for the Boeing 737 Max to 66 aircraft from 92 previously. In addition to cutting 26 orders for the Max, it will also “reschedule the delivery of certain aircraft,” says the company in a stock exchange statement. Source: BlueBarron ...
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NewsCambodian firm orders country's first Bell 429
The Bell 429 has secured its first order in Cambodia, with the country’s Chip Mong Group placing an order for one example.
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NewsAirports body predicts travel surge but warns of $94bn revenue loss in 2021
Airports industry body ACI World expects a “surge” in travel demand during the second half of 2021, but that global passenger numbers will still be down some 47.5% for the full year compared with pre-Covid levels.
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NewsVietnamese airlines seek loans to help them through pandemic
The suspension of international flights amid the coronavirus pandemic will cost Vietnamese airlines D15 trillion in 2021, according to the country’s Vietnam Aviation Business Association.
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NewsCargo focus helps China Airlines eke out profit in 2020
A strategy of “prioritising cargo over passenger services” during the coronavirus pandemic has helped China Airlines stay in the black, despite a sharp decline in passenger travel demand.
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AnalysisLHT looks back on ‘leap of faith’ into the Philippines
Lufthansa Technik’s establishment of a maintenance site in Manila in 2000 was a central step for the German MRO provider to build up an international facility network and gain access to local customers, recalls the Philippine operation’s chief executive Elmar Lutter.
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OpinionFleet composition crucial to Nok’s rehab plan draft
Nok Air needs to work out a viable fleet strategy before putting pen to paper on the first draft of its rehabilitation plan, which is now due for submission on 15 April after the airline got a one-month extension.
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NewsSriLankan Airlines files legal claim after Airbus bribery probe
SriLankan Airlines has filed a legal claim against Airbus, related to bribery allegations that the airframer settled with France, the UK, and USA in early 2020. The airline confirms that it has made a “claim” against Airbus, but offers no further details. It adds that the airline has “not sued ...
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NewsFive companies shortlisted for Australian naval UAV deal
Canberra has announced the shortlist for its Sea 129-5 acquisition, which will see Royal Australian Navy ships receive a new unmanned air vehicle capability.
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NewsFormer Spirit chief takes vice-chairman role at India’s GoAir
Former Spirit Airlines chief executive Ben Baldanza is to become vice-chairman of Indian carrier GoAir as it looks to strengthen its senior management and develop its ultra-low-cost model.
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NewsCebu Pacific sees benefits in clear-cut pandemic travel rules
Cebu Pacific Air is optimistic that more clarity around inter-city travel amid the coronavirus pandemic will boost domestic air traffic.
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NewsAirAsia to swap stock for full ownership of loyalty programme
Malaysia’s AirAsia Group and Aimia Holdings UK II have signed a memorandum of understanding (MoU) for a $25 million stock swap deal, for the latter’s 20% equity interest in the airline group’s loyalty programme.
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NewsEVA Air in the red in 2020, while China Airlines remains profitable
Taiwan’s two major carriers — China Airlines and EVA Air— have reported contrasting financial results for the year ended 31 December 2020.
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NewsCebu Pacific finds a silver lining in cargo
Cebu Pacific Air continues to enjoy strong cargo yields amid a drop in domestic capacity that coincides with a sharp rise in e-commerce.
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NewsUS clears South Korean Hellfire sale
The US government has approved the sale of 288 Lockheed Martin AGM-114R Hellfire missiles to South Korea, as well as training and logistics support for the Netherlands’ helicopter fleet.
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NewsBeleaguered HNA Group seeks investors for aviation assets
China’s HNA Group wants strategic investors for its airline and airport units, days after receiving court approval to merge 321 related companies into a single entity for restructuring purposes.
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NewsBamboo Airways targets third quarter for IPO
Vietnam’s Bamboo Airways has confirmed that it intends to make its debut on a local stock exchange in the third quarter.
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NewsGECAS-Air China A320neo sale stemmed from prior lease agreement
GECAS’s deal to sell 18 Airbus A320neo-family aircraft to Air China, disclosed on 18 March, stemmed from a previous agreement with the carrier to lease the aircraft, Cirium understands.
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NewsKorean eyes end-June for Asiana deal closure
Korean Air tentatively believes that its acquisition of rival Asiana Airlines will close by the end of June, following the submission of its post-merger integration plan.