All articles by Alfred Chua – Page 36
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News
Embattled Hong Kong Airlines gains creditor approval for restructuring
Hong Kong Airlines (HKA) has cleared a first crucial step in its debt restructuring process in the UK, after it clinched approval from its creditors for its restructuring plan.
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News
Greater Bay Airlines adds Tokyo, Taipei as restrictions ease
Hong Kong’s Greater Bay Airlines is to commence flights to Tokyo in January, its third destination since commencing operations in July.
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News
Jetstar Group, Changi Airport end terminal reallocation impasse
Jetstar Group is to relocate its operations to Changi Airport’s Terminal 4 from end-March 2023, months after it slammed the airport operator for “unilaterally” relocating its carriers.
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News
Indonesia AirAsia parent still in the red despite fivefold increase in revenue
AirAsia Indonesia remained in the red in its third-quarter earnings, only narrowing its operating losses slightly despite a fivefold jump in revenue for the period.
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News
AirAsia Aviation sees ‘encouraging’ tailwinds as group returns to black
AirAsia Aviation Group expects further improvement in its performance in the near-term, helped by a continued upswing in travel demand, as the group’s carriers remained profitable for a second consecutive quarter.
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Airline Business
Why Capital A is bringing AirAsia and AirAsia X together
An AirAsia consolidation with its medium-haul affiliate AirAsia X would bode well for both carriers – and is a long time coming – given that both companies are starting to overlap in operations.
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News
Comac clinches C919 production certificate
The Civil Aviation Administration of China (CAAC) has awarded Comac’s C919 programme its production certificate, paving the way for mass production of the type.
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News
Cathay eyes new freighters, medium-haul aircraft
Cathay Pacific has confirmed it is in talks with airframers over potential orders for new medium-haul and cargo aircraft, as it continues to rebuild its operations after more than two years of depressed travel demand.
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News
UK competition watchdog ‘to consider’ revised Korean Air-Asiana merger plan
The UK’s Competition and Markets Authority (CMA) is considering approving a revised plan from Korean Air over its proposed acquisition of compatriot Asiana Airlines.
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News
ST Engineering aerospace unit says no full recovery yet, despite steady revenue rise
ST Engineering’s commercial aerospace unit has acknowledged that it has yet to fully recover to pre-pandemic levels, despite reporting a steady increase in revenue this year.
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News
Thai Airways promotes finance chief as new CEO
Thai Airways International has promoted Chai Eamsiri, its current chief financial officer, to helm the airline as it undergoes business rehabilitation.
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News
Rex to turn profitable by end-June
Australia’s Regional Express expects to report a profit for its current financial year, which ends on 30 June 2023, as its domestic jet operations continue to be profitable.
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News
Malaysia Airlines axes Brisbane following ‘thorough business review’
Malaysia Airlines is to suspend flights to Brisbane from end-March 2023, following a network rationalisation exercise undertaken as part of a “thorough business review”.
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News
AirAsia India becomes India's second largest low-cost operator
AirAsia India has become the country’s second largest domestic low-cost operator, overtaking rivals SpiceJet and Go First in domestic market share.
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News
Qantas ups profit forecast amid travel boom
Qantas has upgraded its profit forecast for the first half of its 2023 financial year – on the back of “continued strength” in travel demand, especially on its domestic network.
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News
AirAsia X to double A330 fleet by mid-2023
A bullish AirAsia X expects to double its operational fleet of Airbus A330s by mid-2023, as it aims to restore its pre-pandemic network in the coming year.
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News
‘We are back indeed’: AirAsia X swings to quarterly profit
AirAsia X swung back to profitability in its latest quarterly earnings, helped by strong recovery in passenger traffic amid “significant consumer demand”.
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News
SIA nixes A380s from North America network, as Asia-Pacific sees capacity boost
Singapore Airlines is to axe its sole Airbus A380 operation to North America, as part of a network rejig in 2023 that will see it ramp up Asia-Pacific flights amid “stronger demand”.
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News
Asia-Pacific to take lion’s share of freighter deliveries: Boeing 20-year forecast
Boeing forecasts operators in Asia-Pacific to take delivery of 40% of all freighters – the largest proportion of all regions – as it remains bullish about longer-term demand for cargo services.
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News
Cathay flags ‘substantial’ 2022 loss despite improving environment
Cathay Pacific Group expects to post a “substantial” full-year loss for 2022, despite being cash positive and seeing good recovery progress through the year-end.