Asia Pacific – Page 264
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NewsGreater Bay Airlines approaches lessors for initial aircraft
Hong Kong start-up Greater Bay Airlines has approached leasing companies to acquire its first aircraft with which it hopes to begin operations as early as next summer, Cirium has learned.
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NewsCrashed PIA ATR 42 stalled and inverted after complex engine failure
Investigators have determined that the complex failure of a Pakistan International Airlines ATR 42-500’s left-hand engine preceded a loss of control which developed into a stall, loss of altitude, and eventual fatal collision with terrain. At one point in the accident sequence the aircraft inverted as it underwent a full ...
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Airline BusinessIs Korean acquisition of Asiana bellwether for wider consolidation in Asia?
As the dust settles on the proposed Korean Air acquisition of its embattled rival Asiana Airlines, questions begin to emerge about what the future merged carrier will look like and whether this is the start of many other pandemic-driven mergers and acquisitions to come?
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NewsAsiana swings back to profitability in Q3
Asiana Airlines — most recently the subject of an acquisition by rival Korean Air — swung back into the black in its third-quarter earnings, helped by an uptick in cargo revenue and a steep reduction in costs.
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NewsRelaunched Virgin Australia targets mid-market segment
Virgin Australia is setting its sights on the mid-market segment, having completed the sale and transfer to Bain Capital on 17 November. “Australia already has a low-cost-carrier and a traditional full-service airline, and we won’t be either,” chief executive Jayne Hrdlicka states. Source: Virgin Australia Virgin Australia is ...
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NewsST Engineering reorganises aerospace unit in company-wide rejig
ST Engineering will subsume its commercial aerospace business into a larger Commercial cluster, as part of a company-wide reorganisation.
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NewsNok Air’s losses deepen in third quarter
Nok Air’s pre-tax losses deepened in the third quarter to Bt2.59 billion ($86 million), from Bt482 million in the year-ago period. The Thai low-cost carrier attributes its poorer financial performance to the Covid-19 pandemic, while new accounting standards and the liquidation of subsidiary NokScoot were also contributing factors. ...
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NewsBangkok Airways sinks deeper into red as Q3 revenues plummet
Bangkok Airways sank deeper into the red, as third-quarter revenues declined by 86.5% to Bt903 million ($30 million). Revenue from airlines, which in the year-ago period accounted for more than two-thirds of total revenues, was nearly wiped out, declining by 91.3% year-on-year to Bt394 million. Source: Max Kingsley-Jones ...
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NewsShuttered AirAsia Japan files for bankruptcy
AirAsia Japan has filed for bankruptcy, more than a month since it ceased all operations.
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NewsChina’s ‘Big Three’ expand domestic network amid continued recovery
China’s three largest carriers grew their domestic networks in October, tapping into second- and third-tier cities to launch new routes, as they recorded yet another month of domestic traffic recovery.
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NewsJapan flies Bell Boeing V-22 Osprey for the first time
The Japanese military flew the Bell Boeing V-22 Osprey for the first time at Kisarazu Air Field on 6 November.
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NewsTravel bubbles a ‘big step in right direction’: AAPA chief
The Association of Asia Pacific Airlines (AAPA) sees the establishment of travel bubble arrangements — such as the recently-announced example between Singapore and Hong Kong — as a “big step in the right direction” to restarting cross-border travel amid the coronavirus outbreak.
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NewsQantas celebrates centenary in shadow of pandemic, quietly hopeful about future
Qantas chief Alan Joyce has expressed optimism about the carrier’s prospects of its ultra-long-haul Project Sunrise, stating that the “business case for that is going to be even better” once the gloom surrounding the coronavirus crisis lifts.
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NewsKorean Air to take over rival Asiana
In a major shake-up of the country’s airline industry, the owner of South Korea’s flag carrier Korean Air has announced a W1.8 trillion ($1.62 billion) takeover bid for embattled rival Asiana Airlines.
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NewsAlliance Aviation acquires Toll Group MRO unit
Australia’s Alliance Aviation will acquire transportation and logistics giant Toll Group’s MRO unit, in what it calls a deal of “great strategic value”.
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NewsCathay’s ‘very difficult’ October sees first traffic decline in months
Cathay Pacific cut capacity in October — the first time in nearly half a year — as it saw passenger load factor for the month plummet to its lowest since the start of the coronavirus outbreak.
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NewsNigeria gears up to receive JF-17s
The Nigerian air force is set to receive three Chengdu/Pakistan Aeronautical Complex JF-17 fighters, as well as eight unmanned aerial vehicles (UAVs) from China. The JF-17 acquisition will see Pakistani pilots and technicians deployed to Nigeria for the first year of operations in the country, according to a post on ...
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NewsVietnam clears project funding for new Ho Chi Minh City airport
Hanoi has signed off on funding of VND109 billion ($4.7 billion) for the first phase of Ho Chi Minh City’s new airport, to be located in nearby Long Thanh province. Deputy prime minister Trinh Dinh Dung signed the decision on 11 November, according the Civil Aviation Authority of Vietnam. ...
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NewsVietjet, UPS in cargo flight tie-up
Vietnamese low-cost carrier Vietjet Air and logistics firm UPS have entered a cargo partnership agreement.
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NewsSIA boosts liquidity with S$850 million bond issue
Singapore Airlines (SIA) has successfully raised S$850 million ($630 million) through a convertible bond issue.