All articles by Alfred Chua – Page 64
-
News
Covid-19 resurgence pushes China’s ‘Big Three’ deeper in the red
China’s three largest carriers widened their net losses for the third quarter of the year — despite an increase in revenue — as recent spikes in coronavirus infections dealt a “sustainable impact” on profitability.
-
News
AirAsia carriers optimistic of strong year-end recovery, amid Q3 traffic collapse
AirAsia Group’s airline units expect a “strong revival” for the year-end period, as key South-east Asia markets begin reopening to tourism.
-
News
ANA cuts full-year earnings forecast, citing ‘delay’ in recovery
All Nippon Airways parent ANA Holdings expects to be loss-making for the full-year, as it cites a “delay in full recovery” from the “extended impact” of a prolonged coronavirus pandemic globally.
-
Airline Business
Cathay recovery still uncertain, amid prolonged border closures, fresh competition
More than a year after a massive restructuring, Hong Kong’s embattled Cathay Pacific looks to enter 2022 with its recovery in jeopardy, as the city’s international borders remain tightly shut, and new competition takes shape in its home turf.
-
News
Philippine court grants local recognition for PAL Chapter 11 filling
Philippine Airlines has gained approval from a local court for a petition to formally recognise its Chapter 11 bankruptcy protection process in the USA .
-
News
JAL picks ST Engineering for 787 component support
ST Engineering’s commercial aerospace unit has signed a Boeing 787 component support contract with Japan Airlines.
-
News
Air New Zealand draws further from loan facility amid pandemic uncertainty
Air New Zealand has suspended its cash burn forecast citing “ongoing uncertainty” around New Zealand’s coronavirus situation, as it draws down further from a government loan facility.
-
News
GMF AeroAsia eyes Makassar expansion
GMF AeroAsia has signed a memorandum of understanding with Indonesian airport operator Angkasa Pura I (AP I) for the expansion of MRO operations.
-
News
Vietnam eases domestic flight restrictions further; eyes Singapore air links
Vietnam will allow airlines to increase flight frequencies on major domestic routes through end-November, as the country eyes restoring regular flights with Singapore.
-
News
Embraer inks E-jet component pool agreements with European carriers
Embraer has signed a component pool agreement with newly-formed Air Montenegro, and renewed a similar agreement with TAP Express — covering both carriers’ fleets of E-jets.
-
News
Japan Airlines to acquire up to 100 Vertical Aerospace eVTOLs from lessor Avolon
Japan Airlines intends to lease or purchase up to 50 of Vertical Aerospace’s in-development VA-X4 air taxis from aircraft lessor Avolon.
-
News
New South Wales government, Sydney Airport dangle A$120 million carrot to attract airlines
The New South Wales government has launched a A$60 million ($45 million) fund aimed at luring back international carriers to Sydney, as the country begins to crack open its borders.
-
News
Thai AirAsia parent to raise capital, adjust shareholding in revised restructuring plans
Thailand’s Asia Aviation is set to inject fresh capital into its low-cost airline unit Thai AirAsia, as part of a broader revised restructuring plan that will see significant changes to both companies’ shareholding structures.
-
News
Hong Kong quarantines continue to pummel Cathay passenger traffic
Cathay Pacific has cited Hong Kong’s “strict quarantine requirements” as a key reason for low passenger travel demand into the territory.
-
News
SIA expects capacity uptick by year-end as travel lanes lift September traffic
Singapore Airlines Group expects to operate at 37% pre-pandemic capacity by the end of the year, amid an increase in passenger traffic following Singapore’s limited border reopening to fully-vaccinated travellers.
-
News
Tycoon Lucio Tan to inject nearly Ps13 billion into PAL parent company
Filipino billionaire Lucio Tan is extending Ps12.8 billion ($251 million) in “fresh and additional capital” to the parent company of beleaguered Philippine Airlines.
-
News
China’s ‘Big Three’ domestic traffic rebounds in September, though recovery some way off
After falling to an all-year low in August amid a resurgence of coronavirus infections, China’s three largest carriers reported a sharp rebound in domestic traffic — though recovery still appears to be some way off.
-
News
AirAsia Group reorganises airline units; eyes Cambodia airline venture
AirAsia Group has formed a new holding company for its four airline units, in a group-wide business reorganisation to better distinguish its airline and digital ventures.
-
News
Travel restrictions force AAPA annual meeting online again
For the second year running, the Association of Asia Pacific Airlines (AAPA) will be holding annual meeting of presidents virtually, amid ongoing travel restrictions in the region that have prevented an in-person meeting from taking place.
-
News
Singapore sees ‘good take-up’ in quarantine-free travel scheme
Singapore expects visitor arrivals to grow by the year-end, as it reports a “good take-up” in its quarantine-free travel arrangement for fully-vaccinated travellers.