Asia Pacific – Page 286
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NewsAirline Business podcast: Challenges as airlines return to skies
As airlines begin to ramp up operations, Graham and Lewis discuss the demand situation and the possible pitfalls ahead.
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NewsVirgin Australia bondholders drop challenge to Bain Capital sale
A group of Virgin Australia bondholders, represented by two fund managers, have withdrawn their application to the Australian Takeovers Panel to challenge the airline’s sale to Bain Capital.
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NewsUSA clears $250 million in support for South Korean RC-800s
The US government has approved a $250 million support package for South Korea’s fleet of Hawker RC-800 Peace Krypton tactical signals intelligence jets.
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AnalysisCoronavirus to crimp Asia-Pacific airpower spending
The coronavirus pandemic is hitting Asia-Pacific economies at a time when the deterrent capabilities of air power are more essential than ever
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NewsJapan to suffer heaviest revenue hit among APAC countries: IATA
Japan, Australia, India and South Korea are the Asia-Pacific countries that will see the worst revenue impact from the Covid-19 pandemic, running into tens of billions of dollars, IATA has predicated. In providing a country-by-country breakdown, IATA reiterates its 9 June forecast that Asia-Pacific, as the first region to feel ...
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NewsCathay shareholders approve HK$39 billion bailout plan
Cathay Pacific’s shareholders have given the green light for a HK$39 billion ($5.03 billion) recapitalisation plan. At the closing of an extraordinary general meeting held on 13 July, the carrier’s shareholders voted overwhelmingly to approve the plan. In total, three resolutions and two special resolutions were put up ...
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NewsCR929 faces delays amid Beijing, Moscow differences
Russia has disclosed that the Sino-Russian CR929 widebody programme will make its first delivery in 2028-2029, in what appears to be another round of delays in the programme’s production timeline. Russian media reports cite Irkut chief Ravil Khakimov as saying that the delivery timeline will move to the right, ...
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NewsAirbus Helicopters lists partners for Australian special forces bid
Airbus Helicopters will work with 20 partners to support its H145M pitch for an Australian special forces requirement.
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NewsBoeing finishes deliveries of AH-64E and CH-47F to Indian air force
The US manufacturer delivered the final five of 22 Apaches ordered by New Delhi in June, it says. The remaining five of 15 Chinooks ordered by the air force were delivered in March. Boeing now eyes requirements for nearly 200 fighters from the Indian air force and navy.
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NewsAir China completes its maiden ARJ21 service
Air China has completed its maiden flight of a Comac ARJ21 regional jet on the domestic routing from Beijing Capital airport to Xilinhot.
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NewsJapan Airlines and Malaysia Airlines to launch joint business
Japan Airlines and Malaysia Airlines expect to launch a joint business partnership on 25 July, through which the two national carriers will co-operate commercially on flights between Malaysia and Japan. JAL says the airlines will “take on new challenges to further enhance convenience between Japan and Malaysia and allow customers ...
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NewsJapan cleared to buy 105 Lockheed Martin F-35 stealth fighters for $23bn
The potential F-35 deal is the second largest foreign military sale approved by Washington in history, behind a $29.4 billion sale of Boeing F-15SA fighters and associated weapons to Saudi Arabia in 2010.
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NewsCoronavirus outbreak scuppers proposal to develop Manila airport
A group of local conglomerates have withdrawn their proposal to develop Manila Ninoy Aquino International airport, citing the impact of the coronavirus outbreak on the aviation industry Known as the NAIA consortium, the group comprises entities from at least six local conglomerates. Among them are JG Summit Holdings and LT ...
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NewsAmeco, CASC expand components support partnership
Chinese MRO Ameco has signed an agreement with China Aviation Supplies Corporation (CASC) for the maintenance of Airbus A320 components. The agreement, which also covers spare parts supply and leasing, builds on the pair’s existing partnerships in landing gear and component resource sharing. CASC is China’s largest third-party ...
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NewsFuselage of first KF-X prototype breaks cover
Korea Aerospace Industries (KAI) has issued an image of the first KF-X fuselage, which is undergoing assembly in the company’s Sacheon factory. The company states that the first prototype of the twin-engined jet will be rolled out by April 2021, with test flights starting in 2022. Source: Korea ...
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NewsTokyo firming up timeframes for Future Fighter: reports
Tokyo hopes to start building the prototype of its Future Fighter in 2024, according to local media reports in Japan.
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InterviewNew GMF AeroAsia boss looks to diversification for survival
As GMF AeroAsia navigates a post-pandemic future, its new chief executive I Wayan Susena says the MRO must diversify and keep costs down.
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NewsBell 429 delivered to China broadcaster CCTV
A Bell 429 is set to become China’s first electronic news gathering (ENG) rotorcraft. The helicopter was delivered to China’s main broadcaster, CCTV, says Bell. The manufacturer says it will be the first helicopter equipped for the ENG role. Source: Bell The Bell 429 is the first dedicated ...
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NewsBOC Aviation boosts second-quarter lease commitments
BOC Aviation’s recent sale-and-leaseback spree helped it record more signed lease commitments in the second quarter than in the same period last year, though aircraft sales were down. The Singapore-based lessor signed leases for 38 aircraft in the three months ended 30 June, compared with 32 in 2019’s second quarter. ...
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NewsAuditor questions AirAsia Group’s survival
Accounting firm Ernst & Young has questioned the AirAsia Group’s ability to remain a going concern, citing deteriorating finances amid the coronavirus pandemic. It notes that the group suffered a full-year net loss of MYR283 million ($66 million) in 2019, a year in which liabilities exceeded assets by MYR1.8 billion. ...