Asia Pacific – Page 249
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NewsST Engineering aerospace unit sees drop in full-year profit
ST Engineering’s aerospace unit remained in the black for the full year as cost cuts and government assistance offset the full impact of the coronavirus pandemic.
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NewsWeak China Lunar New Year traffic offers little festive cheer
Chinese airlines carried just 3.57 million passengers across the seven-day Lunar New Year public holiday period, in what the country’s civil aviation regulators have called a “sharp drop” in passenger traffic amid a resurgence in the coronavirus.
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NewsTwo forces create toxic mix for Indian airlines: IndiGo chief
IndiGo chief executive Ronojoy Dutta maintains that low fares and high taxes can be a fatal mix for airlines operating domestically in India.
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NewsQantas to build new flight training centre in Brisbane
Qantas will build a new flight training centre at Brisbane airport by the end of the year and expand existing facilities at Melbourne, as part of a wider relocation of training assets.
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NewsCathay’s January passenger load factor sinks to dismal 13.3%
Cathay Pacific reported its lowest ever passenger load factor in January, with passenger numbers for the month plunging to six-month lows, as it confronts an “extremely challenging” start to 2021.
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NewsCebu Pacific finalises $260 million local-currency rights issue
Cebu Pacific has finalised details of its planned Ps12.5 billion ($258 million) rights offering, aimed at providing the Philippine low-cost carrier with funds to repay debts – including those owed to lessors – and ensuring it has sufficient funds to refund passengers.
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NewsUzbek start-up Qanot Sharq signs for A320s
Uzbek start-up carrier Qanot Sharq Airlines is taking a pair of Airbus A320s for its initial fleet, acquired from US lessor Air Lease. Qanot Sharq is based in Tashkent, the capital of Uzbekistan. At the MAKS Moscow air show in 2019, the airline signed an agreement – described as “soft” ...
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NewsBeijing boosts ability to train top fighter pilots: think tank
An updated training curriculum and the advent of the Hongdu JL-10 advanced jet trainer mark a step change in Chinese combat pilot training.
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NewsAsiana Airlines narrows loss in 2020 despite Covid-19
Asiana Airlines narrowed its full-year loss in 2020 and managed to rebound to profitability in the fourth quarter, despite the ongoing impact of the coronavirus pandemic.
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NewsQantas, China Eastern partnership extended to 2023
Australia’s competition watchdog has allowed Qantas and China Eastern Airlines to extend their strategic partnership until 31 March 2023, pointing out that the alliance will help both carriers navigate a post-pandemic demand recovery.
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NewsIndiGo eyes opportunities on Indian regional routes
IndiGo chief executive Ronojoy Dutta expects significant growth to come from India’s smaller cities and regional towns.
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Airline BusinessAfter 2020’s blues, IndiGo boss upbeat on long-term growth
IndiGo proved its mettle in a tough 2020, and chief executive Ronojoy Dutta is optimistic about the low-cost carrier’s outlook in the coming years.
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NewsJeju Air annual loss up tenfold as revenue falls 73% in 2020
South Korean carrier Jeju Air has posted a full-year operating loss of W336 billion ($305 million) for 2020, compared with a much smaller loss of W32.9 billion the previous year.
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NewsGovernment to retain majority stake after Air NZ’s equity raise
New Zealand’s government has confirmed its commitment to retain a majority stake in flag carrier Air New Zealand following a proposed equity capital raise.
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NewsSkyways Technics expands Asia-Pacific facilities at Subang
Danish MRO provider Skyways Technics has completed expansion works of its Malaysia facilities, tripling its repair shop floor area and increasing its component warehouse size.
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NewsGrounded Jet Airways reports $391 million FY2019-20 loss
Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss of Rs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020.
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AnalysisAsia-Pacific authorities keen to defer travel until 2022
After almost a year of closed borders, authorities in Asia-Pacific appear keen to delay the reopening of borders to at least 2022. Even with the rollout of vaccines, there are few signs that governments are prepared to ease up on existing testing and quarantine restrictions. In the short term, a ...
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NewsVietnam to take 12 Aero Vodochody L-39NGs
Aero Vodochody has won its most significant export deal yet for the L-39NG, with Vietnam to take 12 of the modernised jet trainers between 2023 and 2024.
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Airline BusinessAirlines anxiously await international rescue as variants trump vaccines
Concerns about variants of Covid-19 are spoiling what was, towards the end of 2020, expected to be a turning point for international air travel.
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NewsAustralia imposes quarantine on NZ travellers after Auckland outbreak
Canberra will impose quarantine on travellers from New Zealand following the emergence of new coronavirus cases in Auckland.