Asia Pacific – Page 289
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NewsNok Air turned down chance to buy Scoot’s stake in joint venture
Thailand’s Nok Air turned down an offer to take over Scoot’s stake in NokScoot, the joint venture company whose board today voted in favour of liquidation. Singapore’s Scoot, the regional arm of SIA Group and a 49% shareholder in NokScoot, says in a 26 June statement that it offered to ...
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NewsNokScoot board votes in favour of liquidation
NokScoot’s board has decided to liquidate the company as it sees no path to recovery.
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NewsIndia’s international flight ban to remain in place until 15 July
India is maintaining its suspension of international passenger flights until mid-July but will consider allowing certain routes to resume on an individual basis.
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AnalysisChina’s big, nebulous plan for a Hainan aviation finance hub
Several free trade ports and zones in mainland China offer opportunities for leasing aircraft onshore under tax-efficient conditions, though few would say these provide much competition with Hong Kong, which has a well-established aircraft financing and leasing community and since 2017 has had a favourable tax regime for lessors. This ...
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NewsSingapore Airlines confirms NokScoot returning leased aircraft
Singapore Airlines has confirmed that it is taking back Boeing 777-200s it is leasing to joint venture airline NokScoot. NokScoot said on 24 June that it will return three aircraft to their lessor by the end of June, as part of a rationalisation of its business amid the pressures of ...
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NewsBain Capital wins bid for Virgin Australia
Bain Capital has won the bid for Virgin Australia and is working with the airline’s administrators to close the sale, which is “subject to minimal conditions precedent”. The final shortlist, announced on 2 June, comprised US private investment firm Bain and the Richard Branson-linked Cyrus Capital Partners, a New York-based ...
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Airline BusinessQantas ends its long, long affair with the 747
A half century of aviation history ended at Qantas with the premature retirement of its last six Boeing 747-400ERs.
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NewsQantas to retire 747s immediately, axe 6,000 staff in three-year recovery plan
The Qantas Group will be retiring its fleet of six Boeing 747s immediately — six months ahead of schedule — and ground 100 aircraft for up to a year, as part of cost saving measures that will also see about 20% of its employees axed. Taken together, Qantas says the ...
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NewsQantas Group plans A$1.9 billion equity raise
Qantas Group will raise up to A$1.9 billion ($1.3 billion) in equity capital to strengthen its balance sheet, as part of a three-year plan to accelerate its recovery from the Covid-19 crisis. This encompasses A$1.36 billion from a fully underwritten institutional placement, and up to A$500 million from a non-underwritten ...
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NewsKorean carrier Hi Air buys two second-hand ATRs for growth
Korean start-up Hi Air has purchased two ATR 72-500s from the turboprop manufacturer.
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NewsPIA A320 crew lowered, then raised, undercarriage before gear-up touchdown
Investigators have revealed that the crew of a crashed Pakistan International Airlines Airbus A320 did attempt to lower the landing-gear during their first approach to Karachi, but raised the gear lever again during the descent. The Civil Aviation Authority of Pakistan confirms that the A320 touched down on Karachi’s runway ...
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NewsTokyo edges toward Future Fighter framework
Tokyo could be close to making some partnership decisions in its long-running effort to develop an indigenous replacement for the Mitsubishi F-2.
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NewsNokScoot cuts staff and returns aircraft to rationalise ops
NokScoot is making an unspecified number of staff redundant, and returning three aircraft by month-end, as part of a rationalisation of its business amid the pressures of the Covid-19 pandemic. “Following a review of our operations, NokScoot has taken steps to rationalise our business to cope with the huge impact ...
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NewsJapanese police agency orders one H225, four H135s
Airbus Helicopters has secured an order for five new rotorcraft from Japan’s National Police Agency (NPA). The order comprises a single H225 heavy-twin and four H135 light-twins, says the manufacturer. Source: Airbus Helicopters The Airbus Helicopters H225 This will add to the 22 Airbus Helicopters rotorcraft already ...
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In depthJGSDF beefs up rotorcraft to address tougher neighbourhood
Amid an increasingly challenging geopolitical environment in North Asia, the Japan Ground Self-Defence Force (JGSDF) is upgrading its rotorcraft capabilities to better deal with littoral missions.
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NewsCanberra kicks off search for new advanced jet trainer
Canberra has commenced the search for a new advanced jet trainer to replace BAE Systems Hawk 127s operated by the Royal Australian Air Force (RAAF).
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NewsAirAsia chief Fernandes mulls pulling out of India JV: report
AirAsia group chief Tony Fernandes has hinted at a possible exit from its Indian joint venture, to focus on the Southeast Asian side of business. Fernandes was quoted in Indian media reports as saying that the group would “never say that we would never exit India”. He was speaking ...
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NewsEU-Japan pact enables mutual certification recognition
Japanese and European representatives have reached a bilateral agreement on civil aviation safety, through which each side will recognise and accept the other’s regulatory approvals. The agreement will enable reciprocal acceptance of certificates and findings of compliance by either side’s approval organisations and competent authorities. Its primary objective is to ...
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NewsAirlines benefit from Hong Kong wage subsidy scheme
Several airlines are to receive wage subsidies from the Hong Kong government, though the city’s flag carrier Cathay Pacific Airways is not among the first tranche of companies to be approved for the scheme. Taipei Taoyuan-based China Airlines, with a “committed headcount under payroll” of 222 in Hong Kong, has ...
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NewsDelta resumes flights to China this week
Delta Air Lines will resume flights between the US and China, the first US carrier to do so since the beginning of the coronavirus pandemic, as travel restrictions and regulatory sparring between the two countries’ aviation authorities ease.