Cathay Pacific cuts losses despite ‘particularly unfavourable’ start of year
Cathay Pacific Group narrowed its losses for the six months to 30 June on the back of a significant jump in passenger travel revenues, despite what it calls a “particularly unfavourable” operating environment at the start of the year.
Taiwanese carriers remain in the black amid rising costs
Taiwan’s two largest carriers were profitable in their second-quarter financial results, even as costs and expenses continued to steadily increase.
Chinese aircraft continue heavy activity around Taiwan as Beijing extends military exercises
The island nation’s defence ministry says dozens of Chinese military aircraft are still operating around the disputed territory, with Beijing extending its exercises in the area.
Airline Business Covid-19 recovery tracker: August 2022 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
Mitsubishi Heavy aerospace business sees profit jump despite revenue dip
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit posted an operating profit of Y6.5 billion ($48.2 million) for the three months to 30 June, helped by strong performance across the business.
US military will ‘continue to fly’ in Taiwan Strait following crisis ‘manufactured’ by Beijing: Pentagon
The declaration from a senior US defence official comes amid heightened tensions with China over an official visit to Taiwan.
Chinese carriers help lift Airbus net orders by nearly 400 aircraft
Airbus has added nearly 400 net orders to its total for the year, following a strong July, and includes the large agreement for aircraft from four Chinese carriers.
Bangladesh’s Meghna Aviation orders one Bell 505, Bell 407GXi
Bangladeshi operator Meghna Aviation has signed a purchase agreement for two Bell helicopters, a Bell 505 and a Bell 407GXi, doubling their current rotorcraft fleet.
Australia’s Alliance Aviation exits turboprop operations with Fokker 50 retirement
Australia’s Alliance Aviation has retired – and sold – its fleet of Fokker 50s, citing customer preference for jet aircraft on charter operations.
China adjusts suspension measures for international flights
China has again tweaked penalties for international flights found to carry passengers testing positive for the coronavirus.