All articles by Alfred Chua – Page 49
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NewsBullish Korean Air betters Q3 profit as passenger revenue soars
Korean Air saw a significant jump in its third-quarter operating profit, amid an upswing in passenger revenue following South Korea’s move to ease all Covid-19-related travel restrictions.
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NewsAustralia-South Korea flights get year-end capacity boost with Jetstar, Qantas entry
Australia’s Jetstar has commenced operations from Sydney to Seoul Incheon, the first in a series of newly-launched flights between Australia and South Korea.
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NewsAirAsia India to merge with Air India Express by end-2023
Air India has kickstarted a review process that will ultimately result in the merger of low-cost carriers Air India Express and AirAsia India, after fully acquiring the latter operator.
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NewsAir New Zealand takes first A321neo configured for domestic operations
Air New Zealand has taken delivery of its first Airbus A321neo for deployment on domestic services.
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NewsAirAsia exits India business with sale of shares to Tata Group’s Air India
AirAsia Aviation Group has sold its remaining shareholding of its Indian unit to Tata Sons-owned Air India, a move that likely paves the way for an eventual merger with Air India’s low-cost unit, Air India Express.
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NewsSIA Engineering widens Q2 loss as costs outpace revenue uptick
SIA Engineering (SIAEC) widened its second-quarter operating loss despite an increase in revenue, as higher operating costs drove up expenses.
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NewsGAMECO completes China’s first 767-300BCF conversion
Chinese MRO provider GAMECO has completed work the country’s first 767-300 Boeing Converted Freighter (BCF), more than half a year since the widebody conversion line began operations.
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NewsMitsubishi Heavy aerospace business doubles profit as order intake rises
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit more than doubled its half-year profits, helped by up an uptick in orders at its aerostructures business.
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NewsChinese twin-tailed civilian UAV makes maiden sortie: state media
A four-engined, twin-tailed UAV – known as the ‘Double-tailed Scorpion’ – took off on its first flight in Sichuan province in China.
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NewsHAECO, Ehang explore wide-ranging advanced air mobility cooperation
HAECO has signed a memorandum of understanding with Chinese advanced air mobility firm EHang to explore cooperation in the “blooming new segment”.
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NewsChina’s ‘Big Three’ plunge to steeper losses amid relentless Covid-19 battles
China’s three largest carriers were deeper in the red in their third-quarter earnings, as they were hit by a double whammy of the country’s long-drawn zero-infection strategy and rising fuel costs.
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NewsCompetition watchdog delays verdict again on Qantas’s Alliance buy
Australia’s competition regulator has delayed its findings - for the third time - on Qantas’ proposed acquisition of Alliance Aviation, prompting the national carrier to express “disappointment” at what it calls one of the “longest processes for informal clearance”.
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NewsBoeing cuts China market forecast as 737 Max delivery uncertainty looms large
Boeing has cut its commercial fleet forecast for the Chinese market amid uncertainty over whether deliveries of the 737 Max will eventually resume in China, though it stresses it still had “full confidence” in its recovery.
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NewsStrong international rebound lifts AirAsia Aviation Q3 traffic
AirAsia Aviation carriers reported a significant uplift in passenger traffic for the third quarter of the year, led mainly by a rebound in international travel demand.
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NewsAsia Pacific passenger recovery robust, though cargo outlook subdued: AAPA
Asia Pacific carriers continue to see robust recovery in their September passenger traffic, with load factors for the month closing in on pre-pandemic levels.
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NewsAsiana returns sole 747-400 to passenger service in China ramp-up
Asiana Airlines is to resume operating its sole Boeing 747-400 – Asia-Pacific’s last in-service example – as it ups capacity on its China network.
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NewsBamboo Airways eyes alliance membership
Vietnam’s Bamboo Airways has hinted at joining an airline alliance as part of plans for longer-term growth.
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NewsVirgin Australia ‘well advanced’ to profitability two years after exiting administration
Virgin Australia is on track to return to profitability in the year to 30 June 2023, two years after it left administration under owners Bain Capital, and as cost base restructuring efforts pay off.
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NewsKorean Air A330 involved in runway excursion at Cebu airport
A Korean Air Airbus A330 suffered a runway excursion after landing at Cebu international airport in bad weather.
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NewsAustralian competition watchdog seeks to block Virgin Australia-Alliance partnership renewal
Australia’s competition watchdog is proposing to reject an extension of a charter partnership between Virgin Australia and Alliance Aviation, citing concerns that it could “eliminate competition” in the lucrative Fly-In, Fly-Out (FIFO) market.