All articles by Alfred Chua – Page 74
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‘Enormous turbulence’ pushes Changi Airport Group to full-year loss
Singapore’s Changi Airport Group (CAG) swung to the red in its annual financial results, as it felt the “enormous turbulence” wrought by the coronavirus pandemic.
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Indonesia AirAsia suspends all flights as tightened restrictions kick in
Indonesia AirAsia will suspend all scheduled flights across its network for a month, as Indonesia tightens restrictions on the islands of Bali and Java to curb the spread of coronavirus.
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Sydney Airport receives A$22.3 billion takeover offer
A group of infrastructure investors have launched a A$22.3 billion ($16.7 billion) takeover bid for the operator of Sydney Airport, in what could be Australia’s largest acquisition deal this year.
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Indonesia AirAsia parent widens Q1 loss
The parent company of low-cost carrier Indonesia AirAsia widened its operating loss for the first quarter, amid a revenue plunge from the coronavirus pandemic.
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Indian low-cost carrier Go First faces delay in IPO
Indian low-cost carrier Go First — formerly known as GoAir — hit a roadblock in its planned market listing, with the securities and exchange regulator temporarily halting the airline’s IPO.
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JAL fortifies low-cost strategy with Jetstar Japan, Spring Japan investments
Japan Airlines will make additional investments in two of its three low-cost units, Jetstar Japan and Spring Japan, as it looks to build up a low-cost network centred around its Tokyo Narita hub.
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SpiceJet to raise Rs25 billion as loss-making streak continues
Indian low-cost carrier SpiceJet will raise Rs25 billion ($336 million) to beef up its war chest against the coronavirus pandemic, which has battered its profitability.
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Korean Air on track for Asiana acquisition
Korean Air has cleared another milestone in its acquisition of Asiana Airlines, with state-backed Korea Development Bank (KDB) approving the carriers’ integration plan.
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Rex eyes fleet of 10 737s by year-end
Australia’s Regional Express is looking to bring its fleet of Boeing 737-800s to 10 examples by the end of the year, as it continues to grow its mainline network.
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Trans-Tasman travel bubble suspension extended
New Zealand has extended the suspension of quarantine-free travel arrangements with neighbouring Australia for another five days, and will require all incoming travellers to be tested for the coronavirus before arrival.
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AAPA urges state support as air traffic remains stagnant
The Association of Asia Pacific Airlines (AAPA) has renewed calls for “additional government support” for the airline industry, as it says the region’s international passenger traffic remains “largely stagnated” with no improvement seen for over a year.
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Trans-Tasman bubble suspended amid Australian Covid-19 spike
New Zealand has suspended its ‘travel bubble’ arrangement with Australia for three days, after the latter reported a surge in coronavirus infections in multiple states.
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Singapore floats travel restart prospect amid vaccination ramp-up
Singapore has hinted that its residents could be allowed to travel abroad, if the city-state’s vaccination rates keep up.
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Asia low-cost chiefs differ on recovery forecasts
Two low-cost carrier chiefs offered different views on how travel in the region might recover from the coronavirus pandemic.
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New Zealand lifts 737 Max grounding
New Zealand has allowed the Boeing 737 Max to resume flying into the country, effectively lifting the two-year grounding imposed on the troubled type.
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India’s Alliance Air eyes growth after parent Air India divestment
Indian regional operator Alliance Air is looking to ink more codeshare agreements with other international carriers, as part of its growth strategy following the privatisation of its parent company Air India.
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Competition watchdog investigates Rex dumping complaints
Australia’s competition regulator has once again weighed in on the long-standing spat between Regional Express and Qantas, warning that it could “take enforcement action” if an airline is found to be anti-competitive.
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Qantas finds rivals Rex, Virgin Australia eating into market share
While Qantas Group’s domestic market share remains higher than pre-pandemic levels, resurgent rivals are eroding its dominance.
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‘Remiss’ to overlook business travel comeback: Star Alliance chief
While leisure travel will likely be first to pick up after being battered by the coronavirus pandemic, airlines “would be remiss” to underestimate the return of business travel demand, says Star Alliance chief executive Jeffrey Goh.
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Japan gives pandemic-hit airlines a shot in arm
The Japanese government has rolled out a series of measures — including slashing taxes and fees and extending financial loans — to support the country’s pandemic-hit airline industry.