All Asia Pacific articles – Page 292
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NewsCathay to gradually add capacity in June, July
Cathay Pacific will slowly reinstate capacity in June and July, even as it expects capacity in the subsequent months to continue to be “substantially reduced”. This also marks the first time since the coronavirus outbreak emerged that the carrier will be adding capacity to its already-pared down network. For ...
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NewsAlliance Aviation plans $85m equity raise to acquire aircraft
Australia’s Alliance Aviation is looking to raise around A$122 million ($85 million) in equity capital, for acquiring aircraft to take advantage of growth opportunities. This comprises $A91.9 million via a fully underwritten institutional share placement and a A$30 million target from a non-underwritten share purchase plan extended to existing shareholders. ...
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NewsIndiGo A320 nearly touched down on unfinished runway in Male
A lack of pre-flight planning and runway confusion nearly caused an Airbus A320 operated by Indian low-cost carrier IndiGo to land on an unfinished runway at Male, Maldives. India’s Director General of Civil Aviation (DGCA) classifies the 3 February 2019 incident as a “marginally avoided” controlled flight into terrain. At ...
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NewsComac gets post-pandemic boost from China Express order
China Express Airlines has signed a partnership agreement framework with Comac for the purchase of 100 ARJ21 and C919 aircraft. The deal, subject to shareholder approval, did not specify how many of either aircraft type the Guizhou-based carrier will be taking, nor did it indicate a value. However ...
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NewsAir New Zealand addresses media report on capital raising
Air New Zealand says it continues to assess funding options available to it, in response to a recent media report about a potential capital raising. The airline is listed on both New Zealand’s Exchange and the Australian Securities Exchange. It said in an 11 June stock-exchange disclosure: “Air New Zealand ...
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NewsPakistan prime minister receives ‘detailed roadmap’ on PIA reform
Pakistan International Airlines, which in May suffered a fatal crash in Karachi, must undergo reforms including increasing revenue and upgrading its aircraft, Pakistan’s prime minister Imran Khan has said. The flag carrier’s chief executive Arshad Malik, who was reinstated to his position in March following a court dispute over his ...
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NewsTaiwan’s Brave Eagle trainer conducts first flight
The Aerospace Industrial Development Corporation T-5 Brave Eagle advanced jet trainer has conducted its maiden flight from Ching Chuan Kang air base near the city of Taichung, Taiwan.
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NewsPhilippine Airlines parent slips into first-quarter loss
PAL Holdings, the parent company of Philippine Airlines, has posted an operating loss of Ps6.55 billion ($131 million) for the first quarter of 2020, a sharp reversal of the Ps2.53 billion operating profit in the same period last year. Revenue for the quarter ended 31 March fell 18.3% year on ...
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NewsHyundai Development renegotiating Asiana acquisition: reports
Hyundai Development (HDC) is looking to renegotiate its acquisition of a 31% stake in Asiana Airlines from Kumho Industrial. This has been sparked by an increase in Asiana’s debt burden and HDC appealed to the airline’s state-funded creditors to offer it support, Reuters reported on 9 June. HDC has notified ...
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NewsAustralia to test balloons for high-altitude ISR work
Australia’s Department of Defence has commenced a series of trials to deploy high-altitude balloons with intelligence, surveillance, and reconnaissance (ISR) payloads into the upper atmosphere.
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NewsIndia’s DGCA frets over more loss of control incidents
India’s aviation regulator has identified airprox incidents, runway incursions and unstable approaches among its eight safety priorities, following a spike in cases during 2018. The Directorate General of Civil Aviation (DGCA) has also flagged in-flight loss of control as a new area of concern, following a two-fold increase in ...
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News‘Nothing off the table’ in Cathay business review: Chairman
Cathay Pacific chairman Patrick Healy has warned that “tough decisions will need to be made” by the fourth quarter of the year as part of “right-sizing” efforts.
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NewsGaruda’s revenue impacted by Covid-19 and cancelled Hajj flights
Garuda has shed more light on the impact of the coronavirus pandemic on its operations, with the cancellation of Hajj pilgrimage flights coming on top of the wider collapse in the air travel market. The pandemic has led to lower demand for air travel, a reduction in flight frequencies, ...
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NewsCathay Pacific set to receive big government bailout
The Hong Kong government has stepped in to provide beleaguered Cathay Pacific with a financial lifeline, as part of the airline’s group HK$39 billion ($5 billion) recapitalisation plan. Cathay, which has been hard hit by a collapse in travel demand from the coronavirus outbreak, states that the recapitalisation plan ...
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NewsThai proposes oil and gas executive as additional rehab planner
Thai Airways International has proposed appointing an additional person with state-owned enterprise credentials to join the five other people, as well as a professional services firm, tasked with drafting a turnaround plan for its beleagured business. The Thai flag carrier, which had its application for business rehabilitation accepted by a ...
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Airline BusinessAsia-Pacific deliveries see slight uptick in May
Asia-Pacific airlines received 11 of the 23 passenger airliners delivered globally during May, amid continued challenges stemming from the coronavirus pandemic. During the month, European carriers received seven new aircraft, and North American carriers four, according to Cirium fleets data as of 17 June. The remaining aircraft, an Airbus A350-1000, ...
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Airline BusinessAsia-Pacific travellers confront sea of restrictions
Prospective travellers in the Asia-Pacific are confronted by a dizzying array of immigration restrictions related to the coronavirus, although limited travel ‘bubbles’ mark baby steps toward a recovery. The region’s airlines have made much of their efforts to improve hygiene in the cabin through the wearing of masks by crew ...
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NewsMalaysia Airlines names new chairman
Malaysian prime minister Muhyiddin Yassin has appointed Wan Zulkiflee Wan Ariffin group chairman of Malaysia Airlines’ parent company, Malaysia Aviation Group (MAG), effective 1 July. Muhyiddin announced on 6 June that Wan Zulkiflee will succeed Md Nor Yusof, who resigned from the carrier in March 2019. Concurrently, Muhammad Taufik Aziz, ...
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NewsChinese domestic market strengthens in early June
For the first time in over four months, Chinese carriers transported more than one million passengers on 5 June, marking a gradual recovery for the industry after being hard hit by the coronavirus outbreak. The Civil Aviation Administration of China (CAAC) states that domestic carriers flew about 1.04 million ...
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NewsRansomware attack hits ST Engineering’s USA aerospace unit
ST Engineering’s aerospace subsidiary in the USA has suffered a data breach after being hit by criminal ransomware attack. The incident at VT San Antonio Aerospace involved a cyber criminal group known as the Maze group gaining unauthorised access to its IT network and launching a ransomware attack. ST ...