Asia Pacific – Page 269
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NewsMHI denies reports of SpaceJet development freeze
Mitsubishi Heavy Industries (MHI) has denied reports that it will freeze development of the Mitsubishi Aircraft SpaceJet, but is looking at “possibilities” for the regional jet programme. “MHI is continuing a detailed review of the schedule of the SpaceJet program, in view of the impact of COVID-19, and is moving ...
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NewsVirgin Australia board resigns en masse
Nine members of Virgin Australia’s board, including chairperson Elizabeth Bryan, have tendered or indicated their resignations, while the airline finalises a sale to Bain Capital. Bryan and five others – Trevor Bourne, Kenneth Dean, Allan Houston, Judith Swales, and Marvin Tan – have resigned as the company’s directors effective 20 ...
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NewsLion Air tries new approach with lessors
Lion Air has approached its lessors with an alternative proposal for their leased aircraft on the back of their feedback on its requests for by-the-hour arrangements, according to sources and an email seen by Cirium. The Indonesian carrier is proposing a four-part plan, involving the partial payment of rentals over ...
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NewsThai pitches simplified fleet and rental haircuts: sources
Thai Airways International has outlined a broad plan to its lessors that would involve reductions in both its total fleet size and the number of aircraft types it operates, plus haircuts for lessors, sources have revealed. The flag carrier’s chief financial officer presented the proposals during a 21 October virtual ...
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NewsMitsubishi Heavy considers cutting SpaceJet programme again: reports
Several Japanese news outlets are reporting that Mitsubishi Heavy Industries (MHI) is mulling whether to further scale back Mitsubishi Aircraft’s SpaceJet development programme.
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NewsIndian regional Alliance Air posts first profit prior to pandemic
Air India regional unit Alliance Air posted its first ever operating profit in the year immediately prior to the global pandemic hitting air travel demand.
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Airline BusinessResilient Philippine Airlines fights the odds against coronavirus
The Philippines has had a tough run during the coronavirus pandemic, but Philippine Airlines (PAL) is determined to keep fighting to preserve the island nation’s connectivity.
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NewsGMF AeroAsia targets 10% revenue from gas turbines
GMF AeroAsia is looking outside its core aviation business and targets over 10% revenue to come from the industrial gas turbine engine (IGTE) sector. “In the midst of the Covid-19 pandemic which greatly affects the business climate of the aviation industry, the company needs to diversify its business and optimise ...
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NewsBoeing Australia ‘loyal wingman’ conducts first taxi test
Boeing has conducted the first taxi test of the Airpower Teaming System (ATS) loyal wingman aircraft being developed in Australia. Boeing Australia notes that this is the first time the unmanned aircraft has moved under its own power, and reiterated that a maiden sortie is planned by the end of ...
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NewsUSA approves anti-ship missile and long-range reconnaissance pod sale to Taiwan
In a move that is sure to provoke a backlash from Beijing, the US State Department has approved a package of weapons for a possible Foreign Military Sale to Taiwan, including dozens of anti-ship missiles, rocket artillery and long-range airborne reconnaissance pods.
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NewsDeal restores flights between India and Germany
India has struck a deal to restore flights to Germany, which had ended abruptly in late September amid a row over parity of services.
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Airline BusinessHow protests and pandemic pushed Cathay to the brink
As Covid-19 tore into the aviation industry, some airlines were able to fall back on the profits of previous years, but the impact of anti-government protests removed any possible cushion for Hong Kong’s flag carrier.
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NewsHow ST Engineering’s Lee Hui Fung led gender diversity drive
Lee Hui Fung is ST Engineering’s vice-president for Smart MRO, and has been in the industry for nearly 30 years. She tells FlightGlobal how gender diversity in the aerospace engineering sector in Singapore has changed for the better.
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NewsVietjet A321 suffers 4.27g hard landing at Dong Hoi
One of Vietjet Air’s Airbus A321s has apparently suffered structural damage after a hard landing at Dong Hoi airport in central Vietnam. FlightGlobal understands that the accident occurred in the early evening on 16 October as the aircraft, VN-A639, landed on a wet runway in Dong Hoi after operating flight ...
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NewsSIA Group utilised 70% of proceeds from June rights issue
SIA Group has utilised S$6.2 billion ($4.6 billion) of S$8.8 billion gross proceeds from a rights issue completed in June. The amount was drawn down between 8 June and 13 October, and besides a one-time S$2 billion repayment of a bridge loan from DBS Bank, key components are S$1.6 billion ...
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NewsAirAsia Berhad secured new loan: airline chief
Budget carrier AirAsia Berhad has agreed fresh funding as it seeks to navigate its way through the Covid-19 crisis. The Kuala Lumpur-based airline tells Cirium in a statement that it is unable to disclose the lenders or the amount being made available. Source: AirAsia AirAsia has confirmed that ...
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NewsCathay confirms 777-9 deliveries delayed to ‘beyond 2025’
Cathay Pacific has given an indication of the timeline surrounding deferrals of its Boeing 777-9 aircraft, confirming that the widebodies will only be delivered “beyond 2025”.
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NewsKorean Air raising cash from government subsidy and land sales
Korean Air is looking to raise additional cash, seeking a government subsidy from the state-run Korea Development Bank (KDB) and separately, from the sale of land in downtown Seoul. “We cannot confirm the exact figures as we are still in discussion with the relevant parties,” the airline tells Cirium. ...
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NewsCathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...
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AnalysisLandmark Taiwan MQ-9 sale would vex Beijing
A reported US plan to sell the General Atomics Aeronautical Systems MQ-9 unmanned air vehicle to Taiwan will complicate Beijing’s incessant prodding of the island’s defences.