All Asia Pacific articles – Page 279
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NewsBoeing-SIAEC joint venture cuts 13% of workforce
Singapore-based Boeing Asia-Pacific Aviation Services (BAPAS), a services joint venture between Boeing and SIA Engineering, has laid off 13% of its workforce, as the coronavirus outbreak continues to affect the aviation sector. The move, which BAPAS says was “taken as a last resort”, will affect 27 of its 204 employees ...
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NewsSIAEC acquires remaining shares in Airbus joint venture
SIA Engineering has completed the acquisition of the Airbus’ shares in a Singapore-based MRO joint venture, Heavy Maintenance Singapore Services (HMSS). The deal, which closed on 27 August, sees SIAEC acquire the remaining 35% of HMSS shares owned by Airbus services unit Airbus Services Asia-Pacific, at a book value ...
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NewsFiji Airways quashes insolvency rumours
Fiji Airways has rejected what it describes as injurious media speculation about its financial health. ”Fiji Airways is not insolvent by any definition of the word, whether you look at our cash flow or our balance sheet,” managing director and chief executive, Andre Viljoen said in a statement on 27 ...
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NewsAir New Zealand posts first loss in 18 years
Air New Zealand reported an NZ$87 million ($58 million) underlying loss for the financial year (FY) ended 30 June, as the Covid-19 pandemic swiftly changed its fortunes during the reporting period. “The 2020 financial year has been a year of stark contrast. Air New Zealand had a solid start to ...
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NewsAirAsia X posts record quarterly loss amid ongoing grounding
Beleaguered long-haul, low-cost carrier AirAsia X will remain grounded “in the near term”, as it trims its fleet and network amid a record operating loss. The carrier, which only operates international routes, is also looking to sell two Airbus A330 aircraft to raise cash, and negotiating the early return of ...
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NewsSingapore and Indonesia mull essential travel ‘green lane’
Singapore and Indonesia will begin discussions over a “green lane” for essential travel between the two countries.
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NewsGovernment extends deadline for Air India sale yet again
The Indian government has extended the deadline for the sale of flag carrier Air India by a further two months, attributing it to the Covid-19 pandemic. In an eighth corrigendum published by the Department of Investment and Public Asset Management, the deadline to submit of expressions of interest has been ...
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NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...
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NewsQantas to cut another 2,500 jobs by outsourcing ground handling
The carrier will review operations at 10 Australian airports where ground handling is done in-house, alongside external ground handlers.
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NewsArcus Fire and partners launch clean-sheet F-45 turboprop
UK start-up Arcus Fire has joined forces with New Zealand firms Flight Structures and Pacific Aerospace to develop a clean-sheet single-engined turboprop targeted at the firefighting, cargo and commuter airline markets.
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NewsScoot converts A320 into temporary freighter
Singapore-based low-cost carrier Scoot has begun cargo charter operations using a freight-optimised Airbus A320ceo, tapping on demand as an alternative revenue source. The aircraft, registered 9V-TAZ, underwent a four-day modification programme earlier this month. That involved the removal of all 180 seats, as well as the installation of placards to ...
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NewsQantas International chief exits amid consolidation
Qantas Group is trimming and reorganising its executive team in response to the ongoing Covid-19 crisis, with the changes coming into effect on 1 September. The chief executive of Qantas International, Tino La Spina, will leave Qantas Group “in light of what is likely to be the extended grounding of ...
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NewsFiji Airways now ‘focused on survival’ after bumper year in 2019
Fiji Airways had a bumper year in 2019, increasing its revenue, profit and passenger numbers despite high-priced fuel, foreign exchange fluctuations and increased competition from major shareholder Qantas, but 2020 saw the airline enter survival mode after the Covid-19 pandemic struck. Group operating profit before tax for the year ended ...
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NewsAirline Business podcast: uncertainties prevail after bleak Q2 results
Graham and Lewis discuss a bleak financial results season, as airlines count the costs of a ruinous April-June period while grappling with a bumpier-than-expected comeback in the current quarter.
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NewsVietnamese airlines press PM for liquidity support
Vietnamese airlines have asked the government to set up a credit package of D25-27 trillion ($1.1-1.3 billion) to help see them through the coronavirus crisis. According the Civil Aviation Authority of Vietnam (CAAV), the Vietnam Association of Aviation Enterprises has made a direct appeal to the prime minister’s office. ...
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NewsSeoul orders two KUH-1P Chamsuri police helicopters
The South Korean government has signed a W47.1 billion ($39.7 million) contract with Korea Aerospace Industries (KAI) for two additional KUH-1P Chamsuri helicopters for police work. The two rotorcraft are parapublic variants of the Surion military helicopter, and will be delivered by February 2023, says KAI. Source: KAI ...
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AnalysisCan sightseeing flights tap pent-up air travel demand?
Two Asia-Pacific airlines have this month operated domestic sightseeing flights to meet pent-up flying demand as Covid-19 limits air travel, but how much potential does this market offer in the long run? DINE AND FLY Royal Brunei Airlines’ first-ever scenic flight took off on 16 August, departing from Brunei International ...
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NewsPegasus talks to Airbus about changes to A320neo-family deliveries
Turkish budget carrier Pegasus has indicated that it will push back some aircraft deliveries, as it continues negotiations with Airbus regarding the A320neo-family twinjets it has on order.
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NewsQantas A380s could re-enter service in three years: Alan Joyce
Qantas Airways chief executive Alan Joyce expects that the airline will only recover 50% of its international market by its 2022 fiscal year.
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NewsSIA Group depletes half of $6.4 billion funds raised
SIA Group has utilised half the proceeds from a S$8.8 billion ($6.4 billion) rights issue completed on 5 June. The company has drawn down a further S$2.2 billion between 15 June and 14 August, in addition to the use of S$2.2 billion previously detailed in June. Source: Max ...