All articles by Alfred Chua – Page 71
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NewsSIA Group sees July load factor drop amid capacity boost
Singapore Airlines Group reported a drop in passenger load factor for July, even as it flew more passengers in the month and significantly grew capacity.
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NewsSydney Airport rejects consortium’s revised takeover bid
The operator of Sydney Airport has rejected — for a second time — an acquisition attempt by a group of infrastructure investors, reiterating that the deal “undervalues” its operations and “is not in the best interests” of its shareholders.
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NewsHSBC raises Chinese ‘Big Three’ loss forecast
HSBC has widened its loss estimates for China’s three largest state-owned carriers, while forecasting a full domestic travel recovery by 2023.
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NewsThai Airways narrows H1 operating loss; revenue down 75%
Thai Airways swung to a net profit — and narrowed its half-yearly operating loss — as cost-cutting measures appear to bear some fruit.
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NewsRex furloughs 500 staff amid prolonged domestic lockdowns
Australia’s Regional Express has stood down 500 staff members for nearly a month, as domestic lockdowns — meant to contain the spread of the coronavirus — show no sign of letting up.
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NewsThai AirAsia parent widens second-quarter operating loss
Thai AirAsia parent company Asia Aviation widened its second-quarter operating loss — with revenue decline outpacing cost reduction efforts — as the low-cost carrier eyes alternative revenue streams in e-commerce and cargo.
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NewsCathay expects demand boost following traffic improvement in July
Cathay Pacific has reported “improvements” in passenger travel demand in July — despite seeing a slight dip in capacity for the month — as it anticipates a further boost to demand in August and September.
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NewsCathay narrows half-year losses, as ‘toughest period in our history’ continues
Cathay Pacific Group narrowed its half-yearly losses on the back of significant cost-cutting, but has warned that the pace and timing of a travel recovery “remain uncertain”.
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News737 Max takes off for test flight in China
A Boeing 737 Max has taken off in China for what appears to be its first test flight in its local recertifcation campaign, possibly paving the way for a return to service in one of Boeing’s key international markets.
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NewsCollins’ Enhanced Vision sensor to be integrated into A320
Collins Aerospace’s Enhanced Vision sensor will be integrated into Airbus A320 flight vision systems, and will be rolled out to other Airbus types in the future.
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NewsIndonesia’s Super Air Jet kicks off operations
Super Air Jet, the new Indonesian carrier with links to Lion Group founder Rusdi Kirana, has commenced operations, weeks after teasing an imminent launch.
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NewsRex to furlough employees as forecasted loss widens
Australia’s Regional Express will furlough an unspecified number of employees in the coming months, as it flags a deeper full-year loss amid ongoing lockdowns in several parts of the country.
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NewsAmeco begins work on ARJ21 modifications
Chinese MRO Ameco has commenced modification works on Comac’s ARJ21 regional jet.
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NewsTaiwanese carriers remain profitable in challenging quarter
Taiwan’s two largest carriers remained in the black in the second-quarter earnings, despite a resurgence of infections on the island.
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NewsST Engineering lands CFM56 contracts, eyes Leap work
Singapore’s ST Engineering will roll out MRO services for the CFM Leap-1B turbofan — which power the Boeing 737 Max — by the end of the year.
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NewsST Engineering incorporates freighter leasing venture
Singapore’s ST Engineering has disclosed more details about its joint venture specialising in dedicated freighter leasing, following the latter’s incorporation.
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NewsNok Air creditors approve business rehabilitation plan
Thai low-cost carrier Nok Air has gained the green light from creditors to restructure under a business rehabilitation process.
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NewsMitsubishi Heavy aerospace business ekes out quarterly profit
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit returned to the black in its first-quarter financial results, despite slightly lower revenue.
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NewsBeijing approves cargo carrier linked to e-commerce giant JD.com
A Chinese cargo carrier with links to e-commerce giant JD.com has received preliminary approval from civil aviation regulators to launch operations.
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NewsDelta variant outbreak upends China’s domestic recovery prospects
China has imposed strict domestic travel restrictions, amid a fast-growing spread of the more contagious Delta variant of coronavirus in the country.