All articles by Alfred Chua – Page 100
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NewsTigerair Taiwan gets capital boost from parent China Airlines
China Airlines plans to inject more capital into low-cost unit Tigerair Taiwan, as part of a move to “optimise the capital structure” of the LCC. The SkyTeam carrier discloses that it will pump about NT$657 million ($23 million) into Tigerair Taiwan, bringing its total shareholding to nearly 76%. ...
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NewsGA Telesis to remarket China Airlines 747-400s
China Airlines has picked GA Telesis’ aircraft asset management unit to remarket and sell its four remaining Boeing 747-400 aircraft, with deliveries expected as early as the first quarter of 2021. The four 747s (MSNs 33734, 33735, 33736 and 33737) are currently in storage, Cirium fleets data indicates. China ...
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NewsCollapse in MRO work pushes SIA Engineering into red for half-year
Plummeting MRO volumes on the back of coronavirus-driven fleet groundings pushed SIA Engineering (SIAEC) into the red at an operating level in the first-half of its financial year.
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NewsChina Southern to form 777F cargo unit
China Southern Airlines has applied to the Civil Aviation Administration of China (CAAC) for approval to establish a cargo subsidiary. To be based in Guangzhou, the new carrier, known as China Southern Airlines Cargo, will be wholly-owned by China Southern. Neither the CAAC nor China Southern gave any indication of ...
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NewsIndonesia plans to merge Garuda Indonesia with tourism companies
The Indonesian government has outlined plans to merge nine state-owned tourism companies, including flag carrier Garuda Indonesia, in a move to maximise operational efficiencies. The country’s state-owned enterprises ministry states that the nine entities will be merged under a single holding company. Source: Airbus Indonesia has outlined plans ...
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NewsChina Southern first among ‘Big Three’ to return to profitability since pandemic began
China Southern Airlines became the first of China’s three largest carriers to report a quarterly operating profit since the coronavirus outbreak began, breaking its loss-making streak in the first half of the year. Its compatriots Air China and China Eastern Airlines, while still in the red for the three ...
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NewsJAL to reduce 777 fleet amid swing to steep first-half loss
Japan Airlines will retire up to 24 of its Boeing 777 aircraft over the next three years, as it battles the coronavirus crisis that saw it rack up significant losses for its half-yearly results. Elaborating on its future fleet plans, the Oneworld carrier states that 11 777-200ERs used in its ...
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NewsMitsubishi imposes ‘temporary pause’ on SpaceJet; certification work continues
Mitsubishi Heavy Industries (MHI) will further trim the budget of its troubled SpaceJet programme and “temporarily pause” most related activities, as it mulls a “possible programme restart”. Releasing its medium-term business plan for its 2021-23 fiscal years, MHI adds that it will, however, still carry on with type certification documentation ...
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NewsAirbus delivers 500th China-built A320 to China Southern
Airbus has delivered the 500th Airbus A320 family aircraft built in its Tianjin plant in China, more than a decade after the Chinese final assembly line began operations. The aircraft, an A320neo registered B-30FX, went to China Southern Airlines. It is equipped with CFM International Leap-1A engines and is configured ...
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NewsAAPA calls on governments to do more for air travel
While there have been “positive” steps taken to establish travel bubbles and essential travel ‘green lanes’ in the Asia-Pacific region, more can be done to better coordinate an air travel recovery amid the coronavirus crisis. Releasing its traffic data for September, the Association of Asia Pacific Airlines (AAPA) doubled ...
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NewsSIA Engineering flags ‘material impact’ on first-half earnings
SIA Engineering will recognise a non-cash impairment provision against its base maintenance assets in its upcoming financial results for the six months ended 30 September, where it expects a “material impact” from the coronavirus crisis. Releasing its profit guidance for the period, SIAEC adds that it was working on ...
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NewsFirst A321P2F enters service with Qantas
The first Airbus A321P2F converted freighter has entered service with launch customer Qantas, which will operate it under a partnership with Australia Post. Qantas will take up to three A321P2Fs, which it notes offers an additional 9t payload over the Boeing 737-300Fs it uses on domestic freight services. ...
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NewsANA swings to big first-half operating loss amid pandemic havoc
All Nippon Airways’ parent company ANA Holdings ended its first half of fiscal 2020 deep in the red, as it forecast a record full-year net loss of Y510 billion ($4.7 billion), citing a “significant decline” in passenger travel demand. The group also expects to book significant impairment losses – ...
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NewsMyanmar Airways International takes first E190
Myanmar Airways International (MAI) has taken delivery of its first of two Embraer E190s, which it will utilise on domestic routes. The aircraft, registered M-ABNH, arrived at Yangon on the morning of 26 October, having flown in from Guangzhou. The carrier signed a lease agreement with CDB Aviation in ...
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NewsHoneywell rolls out A320 family APU upgrade
Honeywell has released an upgrade for its APU fitted on Airbus A320 family aircraft, which it says will help reduce fuel burn and increase time-on-wing hours. The roll-out for the 131-9A APU upgrade will commence this month for existing Honeywell maintenance services customers, before being available to other operators next ...
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AnalysisFor Malaysia Airlines, clarity and urgency in restructuring is key
The future of Malaysia Airlines was recently thrust back into the spotlight, as it undertakes an urgent restructuring exercise. Again it confronts an existential dilemma about what, exactly, it needs to do.
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Airline BusinessHow 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.
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NewsHow ST Engineering’s Lee Hui Fung led gender diversity drive
Lee Hui Fung is ST Engineering’s vice-president for Smart MRO, and has been in the industry for nearly 30 years. She tells FlightGlobal how gender diversity in the aerospace engineering sector in Singapore has changed for the better.
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NewsCathay 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”.
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NewsCathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...