Asia Pacific – Page 97
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NewsChina’s ‘Big Three’ to see record profits in 2024: HSBC
While China’s three largest carriers are set to remain loss-making for 2023, a HSBC Global Research report predicts “record” profits in 2024 with the easing of several challenges such as overcapacity.
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NewsIndian navy retires Cold War-era Il-38s
The Indian navy has retired the last of its Ilyushin Il-38 Sea Dragon maritime patrol aircraft, following over four decades in service.
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NewsUSA speeds up UH-60M deliveries to Australia
The US government is speeding up deliveries of Sikorsky UH-60M Black Hawk helicopters to Australia, aiming to fill a capability gap created by the early retirement of the NH Industries MRH90 Taipan.
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NewsGrounded MYAirline in talks with investors to reboot operations
Grounded Malaysian low-cost carrier MYAirline is in discussions with investors about shoring up its funding with the aim of resuming operations.
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NewsAir Niugini firms up plans for 11 A220s
Papua New Guinea carrier Air Niugini has formalised its commitments for 11 Airbus A220s, including a direct order with the airframer for six examples.
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Airline BusinessCathay Pacific chair predicts China SAF policy will improve ‘pretty dire’ outlook
The chairman of Cathay Pacific believes China will eventually release a sustainable aviation fuel (SAF) policy that will provide a much-needed catalyst for investment in the nascent sector amid a “pretty dire” outlook for availability today.
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NewsJAL posts half-year profit as recovery surpasses expectations
Japan Airlines returned to profitability in its half-year earnings, as international passenger revenues soared past pre-pandemic levels.
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NewsStrong international demand propels ANA to record operating profit
All Nippon Airways parent company ANA Holdings saw its operating profit more than quadruple to Y130 billion ($865 million) for the six months ended 30 September owing to strong international and domestic passenger growth.
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NewsAsia-Pacific cargo demand picks up in September following months of decline
Asia-Pacific carriers in September reported an upswing in air cargo demand for the first time in 2023 – following more than a year of declines – as passenger demand continues to hold strong.
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NewsAsiana cargo unit sale decision delayed, dealing blow to merger plans
Asiana Airlines has failed to come to a decision on whether to divest its cargo unit – a crucial factor in winning regulatory approval for a merger with compatriot Korean Air – adding uncertainty to the drawn-out acquisition process.
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NewsComac delivers first ARJ21 converted freighters
Comac has delivered its first pair of ARJ21 converted freighters, as the airframer hails the “solid step forward” for China’s aerospace sector.
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NewsKorean Air orders 20 more A321neos
Korean Air has increased its Airbus A321neo orderbook, committing to 20 additional narrowbodies as part of fleet renewal plans.
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NewsQantas adds Paris, Shanghai to network; airlines ramp up Japan-Korea flights
Qantas is expanding its international network, while other Asian carriers resume more international flights after the pandemic.
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NewsHAL to produce ring forgings for CFM Leap programme
Hindustan Aeronautics (HAL) and Safran Aircraft Engines have entered a memorandum of understanding for the indigenous production of commercial engine parts.
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NewsQantas refutes regulator’s ‘ghost flights’ allegations in lawsuit defence
Qantas has refuted claims by Australia’s competition watchdog that it misled its customers by selling seats on flights that never took off, charging that the regulator’s lawsuit “ignores the realities” of the airline sector.
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NewsChina Southern swings to nine-month profit as other Chinese carriers narrow losses
China Southern Airlines returned to the black in its nine-month financial results, continuing its streak of profitability since China swung open its international borders and eased pandemic restrictions.
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NewsMAVCOM intensifies investigation into collapsed MYAirline
Police have arrested some of the grounded airline’s carriers on allegations of money laundering, unliicensed deposit-taking schemes, and fraud.
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NewsChinese J-11 makes dangerous intercept of USAF B-52 over international waters
Pacific Air Forces express concern that Chinese pilot failed to realise how the intercept could have caused a collision.
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NewsBoeing exec sees geopolitics adding impetus to Asia-Pacific defence acquisitions, upgrades
The Asia-Pacific represents a diverse and fragmented market for Boeing Defense, Space & Security, but the changing political climate is driving governments to focus on substantial defence programmes.
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NewsIHI slashes revenue and profit forecast on PW1100G woes
Japanese conglomerate IHI forecasts a major hit to profitability and revenue from the issues affecting the Pratt & Whitney PW1100G engine.