All articles by Alfred Chua – Page 88
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NewsST Engineering sees narrowbody MRO, freighters to lead recovery
ST Engineering’s commercial aerospace unit believes that domestic travel and air cargo will lead the recovery from the coronavirus downturn.
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NewsQuickstep, Triumph sign aftermarket services agreement
Australia-based composites manufacturer Quickstep has entered an aftermarket services agreement with Triumph Aviation Services Asia (TASA), covering the Australasia region.
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NewsMHI aerospace business narrows full-year losses
Mitsubishi Heavy Industries’ aircraft, defence and space unit narrowed its full-year losses, though the group’s SpaceJet regional aircraft programme will remain frozen in the near term.
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NewsChengdu Aircraft to build UAV industrial park in Sichuan
Avic unit Chengdu Aircraft Industry Group will lead efforts to build an unmanned aerial vehicle industrial park in Sichuan province, with the goal of becoming a “world-class UAV manufacturing” cluster.
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NewsRex eyes breakeven by July amid ‘uneven’ regional demand recovery
Australia’s Regional Express (Rex) is hopeful it will break even by July this year, even as it acknowledges that its regional operations are loss-making “at current demand levels”.
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NewsJAL to acquire Spring Airlines Japan as subsidiary
Japan Airlines will acquire Spring Airlines Japan to become a consolidated subsidiary, as part of a move to streamline its low-cost units and tap into future growth potential.
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NewsJAL domestic 777s to exit by 2023, A350s to become flagship
Japan Airlines has picked the Airbus A350 as its future flagship aircraft, as it retires its fleet of domestic Boeing 777s by 2023, and reduces the number of large widebodies in the medium term.
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NewsCovid-19 crushes AirAsia Group Q1 traffic figures
AirAsia Group carriers reported a significant decline in passenger traffic for the first quarter of 2021, amid an uptick in coronavirus cases in key markets that threaten hopes of a recovery.
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NewsTaiwanese carriers in the red for first quarter
Taiwan’s two main carriers — China Airlines and EVA Air — were both loss-making in their first quarter earnings as revenue took a hit.
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NewsQantas Group to grow Brisbane, Melbourne MRO facilities
Qantas Group has announced a suite of changes to its maintenance portfolio, which will see some facilities expanded and enhanced.
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NewsBoeing to open first 737 freighter conversion line in Latin America
Boeing has tapped Costa Rican MRO Coopesa to launch Latin America’s first Boeing 737-800 Boeing Converted Freighter (BCF) production line.
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NewsSIA Engineering warns outlook ‘still fraught with risks’ amid full-year loss
SIA Engineering fell into the red for its full-year financial results, saying that the aerospace industry’s path to recovery is “still fraught with risks”, including the emergence of new coronavirus strains and a resurgence in virus cases.
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News‘Some safe opening’ of air travel expected: Singapore transport minister
Singapore’s transport minister has played down any indication of a V-shaped recovery of the aviation industry this year, but notes that the first shoots of recovery are starting to form and this is something “worth working towards”.
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NewsAir New Zealand, Air China renew partnership
Air New Zealand has extended its strategic alliance partnership with Air China for another five years, as both carriers reiterated their commitment to work together as the airline industry recovers from the coronavirus pandemic.
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NewsSingapore Airlines secures S$2 billion in sale-and-leasebacks
Singapore Airlines has raised S$2 billion ($1.5 billion) in sale-and-leaseback transactions involving 11 aircraft.
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NewsPIA outlines latest restructuring plan to return to profitability
Pakistan International Airlines (PIA) has confirmed that a restructuring plan is in place to return the airline back to profitability, though the coronavirus pandemic has delayed some of these plans.
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Airline BusinessA-OK at South Korea’s low-cost start-up Aero K
South Korean low-cost start-up Aero K has big plans to become a “global best practice low-cost airline”, but the path to take-off was not an easy one, says airline chief Mike Kang.
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NewsANA forecasts profit return for year ahead after pandemic losses
All Nippon Airways’ (ANA) parent company expects to swing back to profitability for the current business year, on the back of air travel recovery helped by an improving global economy and vaccine rollouts.
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NewsChina’s ‘Big Three’ still in the red, though quarterly losses narrow
China’s three largest airlines warned that they were far from being out of the woods, despite narrowing their losses and a pickup in passenger traffic.
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NewsSteep impairment costs drag troubled Hainan Airlines to record full-year loss
Troubled Hainan Airlines reported a record operating loss for the year ended 31 December, as heavy impairment costs and a steep decline in revenue punished its earnings.