All articles by Alfred Chua – Page 74
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NewsFreighter 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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NewsCebu 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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NewsVietnam 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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NewsChina 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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NewsSIAEC 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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NewsTaiwanese 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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NewsVietJet 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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NewsAirAsia 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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NewsVietnam 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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NewsExtended 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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NewsHainan 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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NewsAirAsia 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.
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NewsCovid-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.
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NewsAirAsia 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.
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NewsANA 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.
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Airline BusinessCathay 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.
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NewsPhilippine 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 .
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NewsJAL picks ST Engineering for 787 component support
ST Engineering’s commercial aerospace unit has signed a Boeing 787 component support contract with Japan Airlines.
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NewsAir 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.
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NewsGMF 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.