Asia Pacific – Page 275
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NewsChinese ‘Big Three’ expected to report profits in Q3: HSBC
A HSBC Global Research report predicts that China’s three main airlines will report profits for the quarter ended 30 September, led mainly by a rapid recovery in domestic air travel demand in recent months. It notes that the ‘Big Three’ — Air China, China Eastern Airlines and China Southern Airlines ...
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NewsVietnam Airlines plans one-way 787 flights to Tokyo Narita
Vietnam Airlines plans to operate several one-way flights to Japan later this month with Boeing 787s. The flights will depart Hanoi at 23:45 on 18, 25 and 30 September. Flights from Ho Chi Minh City to Narita will depart at 00:00 on 30 September. Cirium fleets data show ...
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NewsQantas considers moving Sydney head office to save costs
Qantas is considering relocating its 49,000m2 head office in a Sydney suburb as part of a three-month cost-saving review of the location of some of its key facilities.
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NewsHints of progress with China’s Hawkeye doppelganger
A series of images from Chinese social media suggest that the Xian KJ-600 airborne early warning and control (AEW&C) aircraft flew in late August, marking a milestone in Beijing’s blue water navy ambitions. US Navy (USN) officers serving aboard aircraft carriers are fond of saying that the first aircraft they ...
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NewsAir New Zealand considers laying off hundreds more cabin crew
Air New Zealand is considering making hundreds of cabin crew redundant as a “last resort” measure in response to a reduction in long-haul demand. The flag carrier tells Cirium it has reduced its Los Angeles passenger service from a daily frequency to three return flights per week, and converted all ...
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NewsChina’s ‘Big Three’ close in on full domestic traffic recovery
Two of China’s three largest carriers have recorded new highs in domestic passenger traffic for the year, underpinning the Chinese airline industry’s rapid domestic recovery from the coronavirus outbreak. In traffic results released for August, China Eastern Airlines and China Southern Airlines carried more passengers than they did in ...
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NewsApache takes aim at Australian attack helicopter deal
Boeing has outlined key selling points for its AH-64E Apache offering in Australia’s Project Land 4503 requirement for 29 armed reconnaissance helicopters. During a virtual media tour, TJ Jamison, Boeing’s director of vertical lift for international sales, discussed the capabilities of the AH-64E. The company also provided a cockpit demonstration ...
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AnalysisAsiana Airlines in ‘close consultation’ with creditors: CEO
The chief executive of South Korea’s Asiana Airlines, Han Chang-soo has expressed regret that the acquisition deal with Hyundai Development fell through, but says the airline is working closely with creditors to chart the way forward. “I have made efforts for the M&A to be completed for about a year ...
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NewsTroubled Nok to improve fleet efficiency, seek alternative revenue sources
Thai low-cost carrier Nok Air, which recently filed for business rehabilitation, will improve fleet efficiency, seek alternative revenue streams, and adjust its marketing efforts - all in a bid to reduce costs. The latest move comes as the troubled carrier’s securities were given the ‘caution’ sign by the Thai stock ...
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NewsAsiana receives $2 billion state funding after failed HDC deal
South Korea’s government will step in to manage Asiana Airlines, giving the carrier a W2.4 trillion ($2 billion) fund injection after an acquisition deal with a Hyundai Development (HDC)-led consortium fell through. The funds will come from the country’s Key Industry Stabilisation Fund with a three-year tenor from the date ...
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AnnouncementsFlightGlobal launches Decade of Airline Excellence Awards
FlightGlobal is delighted to announce the launch of the Decade of Airline Excellence Awards, which Airline Business will deliver later this year with our partner, Korn Ferry. Amid this year’s unprecedented disruption, we have decided to take a break from the Airline Strategy Awards – which will return in the ...
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NewsThai Airways aims to hold creditors’ meeting in early 2021
Thai Airways International has received the Central Bankruptcy Court’s approval for business rehabilitation and targets to hold a creditors’ meeting early next year. The court has also accepted and appointed the airline’s nominations for rehabilitation planners, Thai says in a statement today. Source: Shutterstock Thai Airways fleet at ...
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NewsCathay to park 40% of fleet in long-term storage overseas
Beleaguered Cathay Pacific will move about 40% of its fleet to long-term storage locations overseas, as it adjusts downwards its forecasted capacity for the coming months. In its monthly traffic results for August, Cathay confirms that it is parking a significant number of aircraft overseas, given that it “will be ...
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NewsTaiwan’s Starlux orders eight A330neos
Starlux Airlines is set to become Taiwan’s first Airbus A330neo operator, after the carrier ordered eight examples of the widebody. Airbus, announcing the order on its social media channels, states that the eight widebodies will be leased from Air Lease Corporation. Source: Airbus Starlux Airlines ...
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NewsKumho’s effort to sell Asiana stake collapses
A deal that would have seen HDC Hyundai Development (HDC) obtain control of Asiana Airlines has fallen through. Kumho Industrial, which owns a controlling stake in the carrier, informed the airline’s main creditor, Korea Development Bank (KDB), of the deal’s collapse, according to a report by the official Yonhap news ...
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NewsQantas to boost regional flights when state borders reopen
Qantas plans to boost regional flights, citing the need to maintain critical transport links to key regional cities following Virgin Australia’s decision to exit various markets. Subject to the reopening of state borders, the airline intends to launch new flights from Brisbane, Queensland to Port Macquarie, New South Wales five ...
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NewsIndia inducts Rafale amid frontier tensions
The Indian air force has inducted the Dassault Rafale fighter into its ranks at Air Force Station Ambala, as border tensions with China simmer. The aircraft will serve with the air force’s 17 Sqn, says the service’s Facebook page. Rafale Induction India ...
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NewsSingapore Airlines to slash 4,300 jobs across group as pandemic takes toll
Singapore Airlines Group is to cut 4,300 positions across its airlines in a further sign of the scale of the impact of the coronavirus pandemic on the air travel industry. SIA expects to only be operating less than half its capacity by the end of the current financial year in ...
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NewsLanding A320 hit edge lights after drifting from Kozhikode centreline
Several runway lights were damaged by an Etihad Airways Airbus A320 after it drifted from the centreline during an approach in darkness and poor weather to Kozhikode airport in India. The United Arab Emirates’ General Civil Aviation Authority says the crew had already executed a go-around during the initial approach ...
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In depthChina-backed Skyrizon and local partner up pressure for Motor Sich acquisition
China-backed firm Skyrizon is making a renewed push in its long-running effort to acquire Ukrainian aircraft engine manufacturer Motor Sich, with vocal support from a new local partner.