All articles by Alfred Chua – Page 63
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Vindicated by creditors’ approval for restructuring, AirAsia X slams critics
AirAsia X has hit back at its critics — including what it calls “pundits” hoping the airline would be liquidated — in a strongly-worded statement after it gained creditors’ approval for debt restructuring.
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AirAsia X aims to complete restructuring by Q1 2022, after securing creditor approval
Beleaguered long-haul, low-cost carrier AirAsia X has gained crucial approval from creditors for debt restructuring, following a series of court-convened meetings on 12 November.
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Scoot adds London Gatwick to European network
Scoot will commence one-stop flights between Singapore and London Gatwick in December, with a new service via Bangkok Suvarnabhumi.
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Zipair launches Los Angeles as inaugural long-haul destination
Zipair will become the first low-cost carrier to operate trans-Pacific flights, as it announces Los Angeles as its “much-anticipated” inaugural long-haul destination.
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Covid-19 resurgence pushes Thai AirAsia parent deeper in the red
Thai AirAsia parent company Asia Aviation widened its third-quarter operating loss, amid a sharp revenue plunge from having to suspend operations during Thailand’s worst wave of coronavirus infections.
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Singapore Airlines cuts half-year losses as travel lanes, cargo lift demand
Singapore Airlines Group narrowed its half-year losses on the back of a significant revenue uplift, as it anticipates a continued rise in travel demand in the near-term, with more countries easing border restrictions.
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South Korea targets UAM commercialisation by 2025
South Korea hopes to roll out air taxi services in capital Seoul in 2025, as it doubles down on efforts to commercialise urban air mobility (UAM), including developing an indigenous electric vertical take-off and landing (eVTOL) aircraft.
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Outgoing Auckland airport chief calls for ‘more certainty’ about border reopening
The outgoing chief executive of Auckland Airport has hit out at the New Zealand government over uncertainty about when the country’s borders will reopen, while pressing them to “make a commitment now” about allowing fully-vaccinated travellers into the country without the need for quarantine or testing.
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Freighter conversions buoy ST Engineering aerospace revenue
ST Engineering’s commercial aerospace unit is ramping up its passenger-to-freighter conversion capacity, as it discloses that conversion slots for Airbus aircraft have been fully booked through mid-2025.
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Cebu Pacific narrows Q3 losses as revenue jumps 62%
Cebu Pacific Air cut its third-quarter operating losses slightly on the back of a significant increase in revenue, though hefty foreign exchange losses widened the carrier’s net loss.
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Vietnam plans for imminent international border reopening
Vietnam is set to crack open its tightly shut international borders, with the first international arrivals starting as early as the end of the year.
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China Eastern picks Safran for A330 landing-gear overhaul
China Eastern Airlines has signed a five-year contract with Safran’s landing systems unit for the maintenance of landing gear.
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SIAEC swings to net profit; warns of pandemic’s ‘uncertain and uneven impact’
SIA Engineering swung to a net profit for the half-year, helped by better operating performance and a lack of hefty impairment costs.
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Taiwanese carriers swing back to profitability as revenues rise
Taiwan’s two largest carriers — China Airlines and EVA Air — were back in the black for the third quarter of the year, helped by a steady increase in revenue.
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VietJet confirms A330 fleet plans; first jet to be delivered in November
Vietnamese low-cost carrier VietJet Air has confirmed it will lease up to three Airbus A330s, as part of fleet development plans “to better meet travel demand” in the future.
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AirAsia logistics unit takes first freighter, eyes Airbus orderbook conversion
AirAsia Group’s logistics arm Teleport is considering converting a ‘meaningful chunk’ of AirAsia’s massive order book to freighters in the future, as it takes delivery of its first dedicated cargo aircraft.
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Vietnam Airlines eyes scheduled USA flights from end-November
Vietnam Airlines expects to commence scheduled direct flights between Vietnam and the USA from end-November, after it secures regulatory approval from the US Federal Aviation Administration (FAA).
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Extended restrictions to cost Asia-Pacific airports $34 billion of revenue in 2021
The Airports Council International (ACI) has warned that airports in the Asia-Pacific region could face a $34 billion revenue decline, if travel restrictions remain and border reopenings fail to gather pace.
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Hainan Airlines secures court approval for restructuring
Hainan Airlines Holdings has gained the crucial green light from a local court for its restructuring plan, which will see it merge with 11 smaller airlines into a single carrier.
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AirAsia X faces possible delisting after auditors issue disclaimer of opinion
Beleaguered long-haul, low-cost carrier AirAsia X could be delisted from the Malaysian stock exchange if it fails to successfully restructure its business.