All articles by Alfred Chua – Page 50
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China Eastern to raise CNY15 billion to fund delivery of 38 new jets
China Eastern Airlines intends to raise up to CNY15 billion ($2.2 billion), with the bulk of funds going towards the delivery of 38 new aircraft.
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Cathay to reduce cash burn as Hong Kong eases travel curbs
Cathay Pacific expects to cut its monthly cash burn significantly over the next few months, as Hong Kong gradually eases onerous travel restrictions.
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Singapore conditionally okays SIA-Malaysia Airlines partnership
Singapore’s competition watchdog has conditionally approved a wide-ranging commercial partnership between Singapore Airlines and Malaysia Airlines.
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Nigeria’s GIG Aviation to acquire two ATR 72 freighters
Lagos-based GIG Aviation is to acquire two ATR 72-500 freighters as part of plans to expand its logistics network in Africa. The company is the airline arm of Nigerian logistics firm GIG Group, and the turboprop acquisition represents its foray into air cargo operations, says ATR. ...
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Qatar Airways, Virgin Australia team up for codeshares
Qatar Airways has signed a wide-ranging strategic partnership with Virgin Australia, becoming the latest Middle Eastern carrier to join forces with an Australian airline.
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Taiwanese carriers swing to Q1 profits
Taiwan’s two major carriers rebounded to the black for the first quarter of 2022, as revenue growth outpaced rising operating costs.
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EVA Air orders additional 777F amid strong cargo demand
EVA Air has ordered one Boeing 777 freighter, as the airline eyes opportunities in a buoyant cargo market.
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Rex leases additional 737-800 for fleet expansion
Australia’s Regional Express has signed a letter of intent to lease one Boeing 737-800, as part of fleet expansion plans.
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Japan Airlines narrows full-year operating loss; eyes returns to profit
Japan Airlines narrowed its full-year operating losses amid an uptick in passenger travel revenue, and expects a swing to profitability in the new financial year.
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SIA Engineering swings to net profit as recovery gathers pace
SIA Engineering bounced back to a full-year net profit, as the travel recovery continues, though it was still loss-making at the operational level.
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Jet Airways inches closer to restart following test flights
India’s Jet Airways is a step closer to an operational restart, following the completion of its first test flight.
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Changi Airport passenger volumes double in April
Singapore has seen a “significant improvement” in air travel, with passenger movements at Changi Airport more than doubling in the month following the country’s full opening of its borders.
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Qantas to acquire Alliance Aviation in A$614 million deal
Qantas will acquire compatriot Alliance Aviation in a A$614 million ($445 million) deal that will see the national carrier gain a foothold in charter operations for the country’s resources industry.
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Hainan makes leap back to profitability in 2021
Hainan Airlines swung back to profitability in 2021, but began the new year in the red as China’s pandemic-related curbs impacted travel demand.
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Qantas to launch Project Sunrise flights in 2025 as airline locks in A350 orders
Qantas has confirmed its order for 12 Airbus A350-1000s for its ultra-long-haul Project Sunrise initiative, with the first flights from Sydney to New York and London slated for a late-2025 launch.
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China’s ‘Big Three’ widen Q1 losses as Covid-19 battle rages on
China’s three largest carriers plunged deeper in the red, as a surge in coronavirus infections comes to head with the country’s strict ‘Zero-Covid’ strategy.
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Virgin Australia to add four 737 Max 8s amid demand boost
Virgin Australia is to take four Boeing 737 Max 8s – with the first aircraft to enter service from 2023 – more than a year after it cancelled a long-standing order for the variant in favour of the larger Max 10.
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Lion Air reactivates stored jets for holiday season, but 737 Max out of picture
Indonesia’s Lion Air is set to return stored aircraft to service during the Eid holiday season, though its fleet of Boeing 737 Max jets will remain parked.
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Indonesia AirAsia parent cuts 2021 losses despite 61% revenue decline
AirAsia Indonesia narrowed its full-year operating loss, despite a plunge in revenues caused by the coronavirus pandemic.
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Travel recovery ‘well underway’, as AirAsia carriers report jump in Q1 traffic
AirAsia Aviation Group is seeing robust traffic growth in the quarter to 31 March, as it believes travel revival is “well underway” amid easing of travel restrictions in the region.