All Asia Pacific articles – Page 280
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Airline Business‘X’ doesn’t mark the spot for A330neo
The coronavirus is a disaster for all airlines and airframers, but a concentration of orders with troubled Southeast Asian carriers presents a particular challenge for the Airbus A330neo. The world was very different in July 2014. Brent crude stood at well over $100 a barrel, a price that seemed to ...
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NewsQantas ekes out full-year profit despite pandemic hit
The Qantas Group says its 2020 fiscal year was the worst in its 100-year history, but still managed to turn an underlying profit before tax of A$124 million ($90 million). The A$124 million figure for the 2020 financial year ended 30 June was 91% lower than a year earlier, with ...
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NewsFive Southeast Asian countries cleared for Singapore transit via SIA Group
Malaysia, Indonesia and Thailand have joined the list of countries approved for transit flights through Singapore operated by Singapore Airlines Group’s three carriers. Two other Southeast Asian nations, Vietnam and Cambodia, were previously approved for such flights, from Hanoi, Ho Chi Minh City, and Phnom Penh. Source: Greg ...
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NewsUS and Chinese carriers can double flights between countries: DoT
The four Chinese airlines currently operating scheduled passenger services to the USA may double their services to eight weekly round-trip flights, according to the US Department of Transportation. “This aggregate level of service is equivalent to the total number of flights now permitted by the Chinese aviation authorities for US ...
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NewsIndia’s aviation minister hints at travel bubbles with neighbours
The Indian government has proposed creating “air bubbles” with five neighbouring countries, according to civil aviation minister Hardeep Singh Puri. Proposals have been made to Sri Lanka, Bangladesh, Afghanistan, Nepal and Bhutan, he said in an 18 August Twitter post. Source: IndiGo Indian sailors check-in at Doha for ...
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NewsCourt sets additional hearing dates for Thai Airways rehab
Thailand’s Central Bankruptcy Court has set two additional hearing dates to decide whether the country’s flag carrier should be granted its request for business rehabilitation. After its much-anticipated first day in court on 17 August, Thai Airways said in a same-day filing to the Stock Exchange of Thailand that the ...
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NewsUK regulator allows PIA to resume flights using wet-leased jets
UK aviation regulators have approved a request from Pakistan International Airlines to operate Birmingham and Manchester flights using aircraft chartered from Portuguese wet-lease operator Hi Fly.
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Airline BusinessKorean doubles down on cargo amid challenging passenger market
Korean Air’s second quarter operating profit on the back of strong cargo performance offered a dash of positive news to a sector reeling from the coronavirus pandemic.
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NewsBeijing hypes airbase-killer munition following Lockheed F-16 contract
Following a major US government contract award related to Lockheed Martin F-16s for foreign military sales customers, Beijing has released information about a glide weapon designed to attack airbases. On 14 August the US government announced that Lockheed had received a 10-year contract worth up to $62 billion for new-build ...
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NewsThai tourism travails clobber Bangkok Airways earnings
Bangkok Airways has followed other major Thai airlines by reporting a massive operating loss in its second quarter, with the carrier particularly hard hit by the collapse in international visitors. Operating losses for the three months ended 30 June ballooned to Bt2.6 billion ($83 million) from an operating loss of ...
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NewsT’way Air sinks deeper into the red without international network
T’way Air reported a W85.1 billion ($72 million) net loss for the first half of 2020, as Covid-19 all but wiped out its international network in the second quarter. Sales revenue at the South Korean low-cost carrier declined by 56% to W174 billion for the January to June period, and ...
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NewsTransit passengers lift Cathay July traffic figures
Cathay Pacific, which recently reported a record first half operating loss, carried a significantly higher number of passengers for July, as transit passengers lifted passenger volume for the month. Together with its regional arm Cathay Dragon, the carrier carried nearly 43,000 passengers in July, a 58.5% month on month ...
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NewsCovid-19 travel restrictions bog down Fiji Airways
Fiji seems unlikely to resume international air travel soon, especially as its national carrier cancelled scheduled international passenger service through the end of September. “This is due to ongoing border closures and travel restrictions as a consequence of the Covid-19 pandemic,” Fiji Airways said in a 12 August statement. The ...
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NewsKhona returns to head Indian carrier GoAir as Dube leaves
Former Jet Airways chief executive Vinay Dube is to leave Indian low-cost carrier GoAir after just six months, to be replaced by the carrier’s former boss Kaushik Khona.
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NewsHAL LCH dispatched to India’s high-altitude Leh base
The Hindustan Aeronautics (HAL) Light Combat Helicopter (LCH) has been dispatched to India’s north for high-altitude operations.
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NewsNokScoot woes drag Nok Air deeper into red
Thai low-cost carrier Nok Air saw a staggering increase in its first-quarter losses, led mostly by trouble at its now-shuttered long-haul subsidiary NokScoot. Nok, which recently took a similar path as compatriot Thai Airways to file for business rehabilitation, reported an operating loss of Bt4.4 billion ($141 million) for the ...
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NewsTroubled Thai sees operating loss more than double
Thai Airways International, which recently entered court-supervised business rehabilitation amid longstanding financial woes, plunged deeper into the red in its half-yearly financial results. For the six months ended 30 June, the Star Alliance carrier reported an operating loss of Bt18.3 billion ($590 million), widening the Bt7.9 billion operating loss it ...
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NewsST Engineering Aerospace sees first-half profit shrink
ST Engineering’s aerospace unit remained profitable in its half-yearly financial results, though both operating and net profits saw year-on-year declines. For the six months ended 30 June, the unit made an operating profit of S$116 million ($84.4 million), a 21% decrease year on year. It also saw net profit fall ...
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InterviewBabcock Australasia sees Bell 429 as special forces star
While UK-headquartered Babcock’s defence credentials in Australia are clear – notably in the naval sector – the company hopes that its civil rotorcraft experience in the country will enable it to prevail in a three-way contest to supply Canberra with new special forces helicopters.
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NewsCebu Pacific’s losses worsen in second quarter
Cebu Pacific’s financial losses deepened in the second quarter of this year as the impact of the Covid-19 pandemic began to be felt more severely. The Philippine airline and its subsidiaries made an operating loss of Ps6.29 billion ($129 million) in the three months ended 30 June, it reports. This ...