GMF AeroAsia targets 10% revenue from gas turbines
GMF AeroAsia is looking outside its core aviation business and targets over 10% revenue to come from the industrial gas turbine engine (IGTE) sector.
Boeing Australia ‘loyal wingman’ conducts first taxi test
Boeing has conducted the first taxi test of the Airpower Teaming System (ATS) loyal wingman aircraft being developed in Australia.
USA approves anti-ship missile and long-range reconnaissance pod sale to Taiwan
In a move that is sure to provoke a backlash from Beijing, the US State Department has approved a package of weapons for a possible Foreign Military Sale to Taiwan, including dozens of anti-ship missiles, rocket artillery and long-range airborne reconnaissance pods.
Deal restores flights between India and Germany
India has struck a deal to restore flights to Germany, which had ended abruptly in late September amid a row over parity of services.
How protests and pandemic pushed Cathay to the brink
As Covid-19 tore into the aviation industry, some airlines were able to fall back on the profits of previous years, but the impact of anti-government protests removed any possible cushion for Hong Kong’s flag carrier.
Vietjet A321 suffers 4.27g hard landing at Dong Hoi
One of Vietjet Air’s Airbus A321s has apparently suffered structural damage after a hard landing at Dong Hoi airport in central Vietnam.
SIA Group utilised 70% of proceeds from June rights issue
SIA Group has utilised S$6.2 billion ($4.6 billion) of S$8.8 billion gross proceeds from a rights issue completed in June.
AirAsia Berhad secured new loan: airline chief
Budget carrier AirAsia Berhad has agreed fresh funding as it seeks to navigate its way through the Covid-19 crisis.
Cathay confirms 777-9 deliveries delayed to ‘beyond 2025’
Cathay Pacific has given an indication of the timeline surrounding deferrals of its Boeing 777-9 aircraft, confirming that the widebodies will only be delivered “beyond 2025”.
Korean Air raising cash from government subsidy and land sales
Korean Air is looking to raise additional cash, seeking a government subsidy from the state-run Korea Development Bank (KDB) and separately, from the sale of land in downtown Seoul.