All Asia Pacific articles – Page 227
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NewsSpiceJet to raise Rs25 billion as loss-making streak continues
Indian low-cost carrier SpiceJet will raise Rs25 billion ($336 million) to beef up its war chest against the coronavirus pandemic, which has battered its profitability.
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NewsAirlines ready to play in the Phuket Sandbox
Airlines are poised to ramp up capacity into Phuket, where a quarantine-free Sandbox will open on 1 July.
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NewsIAI to reactivate Sri Lankan Kfir fleet
Israel Aerospace Industries (IAI) has secured a $50 million contract to upgrade and reactivate the Sri Lankan air force’s stored Kfir fighters.
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NewsKorean Air on track for Asiana acquisition
Korean Air has cleared another milestone in its acquisition of Asiana Airlines, with state-backed Korea Development Bank (KDB) approving the carriers’ integration plan.
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NewsRex eyes fleet of 10 737s by year-end
Australia’s Regional Express is looking to bring its fleet of Boeing 737-800s to 10 examples by the end of the year, as it continues to grow its mainline network.
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NewsVietJet to raise 15% of charter capital and $300m in bonds
VietJet’s shareholders have approved a private shares placement for up to 15% of its charter capital and a $300 million bond offering.
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NewsTrans-Tasman travel bubble suspension extended
New Zealand has extended the suspension of quarantine-free travel arrangements with neighbouring Australia for another five days, and will require all incoming travellers to be tested for the coronavirus before arrival.
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NewsAsiana Airlines issues $97 million corporate bond
South Korea’s Asiana Airlines has raised W110 billion ($97 million) from privately placed corporate bonds.
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NewsAAPA urges state support as air traffic remains stagnant
The Association of Asia Pacific Airlines (AAPA) has renewed calls for “additional government support” for the airline industry, as it says the region’s international passenger traffic remains “largely stagnated” with no improvement seen for over a year.
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NewsSingapore’s Scoot eyes post-pandemic opportunities
Singapore low-cost carrier Scoot expects to see significant opportunities when the Asia-Pacific finally emerges from the coronavirus pandemic.
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Airline BusinessSwissport chief Warwick Brady outlines ambitions for restructured handling giant
With a reduction in debt of €1.9 billion and a capital injection of €500 million, Swissport is aiming to emerge from the pandemic as a leaner but stronger business.
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NewsGaruda aiming to complete restructuring by year-end
Garuda Indonesia is targeting to complete its restructuring within the year but did not commit to a timeline for the process or further steps to pay off its debts.
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NewsBell Subaru UH-2 set for JGSDF service entry
Tokyo has announced that the new Bell Subaru UH-2 utility helicopter has completed its development phase.
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NewsKirana-linked Super Air Jet secures Indonesian AOC
A new Indonesian airline with close links to Lion Group founder Rusdi Kirana has received its AOC.
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NewsTrans-Tasman bubble suspended amid Australian Covid-19 spike
New Zealand has suspended its ‘travel bubble’ arrangement with Australia for three days, after the latter reported a surge in coronavirus infections in multiple states.
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NewsEastar Jet’s new buyer to pay $97 million for 80% stake: report
South Korea’s Eastar Jet has signed an agreement with stalking-horse bidder Sung Jung to acquire an 80% stake in the airline for about W110 billion ($97 million).
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NewsUS government clears F-16 sale for Philippines
The US government has cleared the possible of sale of 12 Lockheed Martin F-16 Block 70/72 fighters the Philippines, as well as sales of anti-ship and air-to-air missiles.
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NewsSingapore floats travel restart prospect amid vaccination ramp-up
Singapore has hinted that its residents could be allowed to travel abroad, if the city-state’s vaccination rates keep up.
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NewsThai AirAsia eyes domestic traffic uptick with Phuket reopening
Thai AirAsia has expressed confidence in the Thai government’s plan to reopen Phuket in July and expects to up its domestic capacity by 30%.
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NewsThai AirAsia X making progress on lease negotiations: advisor
Thai AirAsia X has made further progress with lessors on restructuring lease agreements, after signing its first lease restructuring back in March.