Asia Pacific – Page 6
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NewsIndustry recovery lifts ST Engineering’s aerospace revenue
The Commercial Aerospace division of ST Engineering saw revenue for its 2022 financial year rise 21% year on year to S$3 billion ($2.2 billion) as the aviation industry continued to recover from the coronavirus pandemic.
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FA-50 wins Malaysia’s light combat aircraft competition
The Korea Aerospace Industries FA-50 has won Malaysia’s Fighter Lead In Trainer-Light Combat Aircraft requirement for 18 aircraft.
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Bangkok Airways slashes full-year loss on Thai tourism recovery
Bangkok Airways narrowed its operating loss for 2022, as revenues doubled on the back of significant growth in passenger numbers.
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ST Engineering sets up new MRO joint venture in Hubei, China
ST Engineering has entered into a joint venture with cargo operator SF Airlines to set up a MRO unit in Mainland China, as it eyes “rising opportunities” in MRO demand in China and Asia-Pacific.
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Analysis
India to eclipse China as aerospace’s next frontier
India has displaced China as the global aerospace industry’s growth frontier, with a bigger orderbook and a more welcoming economic and geopolitical outlook.
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News
Hong Kong eyes return of international aviation hub status
Hong Kong has pledged to reclaim its status as an international aviation hub, as it introduces a raft of measures to boost the recovery of passenger traffic at Hong Kong international airport (HKIA).
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Qantas reveals ‘Project Sunrise’ premium cabin products
Qantas has unveiled first and business class cabin product concepts for its Airbus A350-1000s, which will operate the ultra-long-haul ‘Project Sunrise’ flights from Australia’s east coast to New York and London.
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Qantas picks up used jets amid delivery delays
Qantas Group is to add used and wet-leased narrowbodies over the next two years, as part of near-term measures to mitigate aircraft delivery delays while boosting capacity.
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Air NZ swings back to profitability on air travel recovery
Air New Zealand swung to a pre-tax profit of NZ$299 million ($185 million) in the first half of its 2023 financial year, riding a strong recovery in domestic and international air travel.
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‘Huge turnaround’: Qantas reports record half-year profit on strong demand, higher yields
Australia’s Qantas Group swung back to profitability on the back of “robust” travel demand and higher yields, despite being hit by a series of operational snags.
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EFW expands China A321P2F conversions with Haite partnership
Conversions specialist EFW has picked Sichuan Haite Hi-Tech as its first third-party conversions partner on the Airbus A321 passenger-to-freighter (A321P2F) programme, expanding its presence in one its key markets.
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Analysis
Scoot’s Embraer deal: step-change or ‘low-risk’ experiment?
While Scoot’s deal to lease nine Embraer E190-E2s presents opportunity for its network, it remains to be seen if it will lead to more Southeast Asian operators taking in regional aircraft.
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Volocopter sees path open to Japan VoloCity certification
Volocopter has taken a key step toward certification of its VoloCity eVTOL (electric vertical take-off and landing) aircraft in Japan.
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Indonesia receives first C-130J tactical transport
Indonesia’s air force has taken delivery of the first of five Lockheed Martin C-130J-30 tactical transports at a ceremony in Marietta, Georgia.
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AirAsia X in talks for more A330s as quarterly profit rises
AirAsia X is in “varying degrees of engagement” with lessors to add at least three more Airbus A330s to its fleet, amid optimism about “ever-thriving” travel demand.
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Analysis
Atlanta heads the pack as US airports lead traffic growth in 2022
Atlanta Hartsfield airport handled just under 94 million passengers last year, still short of pre-pandemic highs but enough to see it retain its crown as the busiest airport in the world.
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News
Strong demand recovery helps SIA Group to record quarterly profit
A bullish Singapore Airlines Group smashed its earnings record for the fiscal third-quarter on the back of “robust” demand recovery, posting an operating profit of S$755 million ($564 million), its highest ever quarterly profit.
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Spring Airlines chair sees ‘obvious’, but long-drawn recovery as ‘zero-Covid’ eases
Spring Airlines’ chairman has acknowledged that recovery will be a long-drawn process, given the severe impact the coronavirus pandemic has wrought on the Chinese airline sector.
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News
First two-seat KF-21 operates maiden sortie in South Korea
The first two-seat prototype of the Korea Aerospace Industries KF-21 fighter has operated its maiden flight from Sacheon, South Korea.
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Interview
IndiGo well positioned for India air travel boom: Elbers
Pieter Elbers has secured some early wins as the new chief executive of Indian low-cost carrier IndiGo, as he contemplates long-term growth in what is destined to be one of the world’s most important aviation markets.
