All Asia Pacific news – Page 223
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NewsFiji Airways now ‘focused on survival’ after bumper year in 2019
Fiji Airways had a bumper year in 2019, increasing its revenue, profit and passenger numbers despite high-priced fuel, foreign exchange fluctuations and increased competition from major shareholder Qantas, but 2020 saw the airline enter survival mode after the Covid-19 pandemic struck. Group operating profit before tax for the year ended ...
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NewsAirline Business podcast: uncertainties prevail after bleak Q2 results
Graham and Lewis discuss a bleak financial results season, as airlines count the costs of a ruinous April-June period while grappling with a bumpier-than-expected comeback in the current quarter.
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NewsVietnamese airlines press PM for liquidity support
Vietnamese airlines have asked the government to set up a credit package of D25-27 trillion ($1.1-1.3 billion) to help see them through the coronavirus crisis. According the Civil Aviation Authority of Vietnam (CAAV), the Vietnam Association of Aviation Enterprises has made a direct appeal to the prime minister’s office. ...
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NewsSeoul orders two KUH-1P Chamsuri police helicopters
The South Korean government has signed a W47.1 billion ($39.7 million) contract with Korea Aerospace Industries (KAI) for two additional KUH-1P Chamsuri helicopters for police work. The two rotorcraft are parapublic variants of the Surion military helicopter, and will be delivered by February 2023, says KAI. Source: KAI ...
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AnalysisCan sightseeing flights tap pent-up air travel demand?
Two Asia-Pacific airlines have this month operated domestic sightseeing flights to meet pent-up flying demand as Covid-19 limits air travel, but how much potential does this market offer in the long run? DINE AND FLY Royal Brunei Airlines’ first-ever scenic flight took off on 16 August, departing from Brunei International ...
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NewsPegasus talks to Airbus about changes to A320neo-family deliveries
Turkish budget carrier Pegasus has indicated that it will push back some aircraft deliveries, as it continues negotiations with Airbus regarding the A320neo-family twinjets it has on order.
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NewsQantas A380s could re-enter service in three years: Alan Joyce
Qantas Airways chief executive Alan Joyce expects that the airline will only recover 50% of its international market by its 2022 fiscal year.
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NewsSIA Group depletes half of $6.4 billion funds raised
SIA Group has utilised half the proceeds from a S$8.8 billion ($6.4 billion) rights issue completed on 5 June. The company has drawn down a further S$2.2 billion between 15 June and 14 August, in addition to the use of S$2.2 billion previously detailed in June. Source: Max ...
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Airline Business‘X’ doesn’t mark the spot for A330neo
The coronavirus is a disaster for all airlines and airframers, but a concentration of orders with troubled Southeast Asian carriers presents a particular challenge for the Airbus A330neo. The world was very different in July 2014. Brent crude stood at well over $100 a barrel, a price that seemed to ...
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NewsQantas ekes out full-year profit despite pandemic hit
The Qantas Group says its 2020 fiscal year was the worst in its 100-year history, but still managed to turn an underlying profit before tax of A$124 million ($90 million). The A$124 million figure for the 2020 financial year ended 30 June was 91% lower than a year earlier, with ...
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NewsFive Southeast Asian countries cleared for Singapore transit via SIA Group
Malaysia, Indonesia and Thailand have joined the list of countries approved for transit flights through Singapore operated by Singapore Airlines Group’s three carriers. Two other Southeast Asian nations, Vietnam and Cambodia, were previously approved for such flights, from Hanoi, Ho Chi Minh City, and Phnom Penh. Source: Greg ...
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NewsUS and Chinese carriers can double flights between countries: DoT
The four Chinese airlines currently operating scheduled passenger services to the USA may double their services to eight weekly round-trip flights, according to the US Department of Transportation. “This aggregate level of service is equivalent to the total number of flights now permitted by the Chinese aviation authorities for US ...
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NewsIndia’s aviation minister hints at travel bubbles with neighbours
The Indian government has proposed creating “air bubbles” with five neighbouring countries, according to civil aviation minister Hardeep Singh Puri. Proposals have been made to Sri Lanka, Bangladesh, Afghanistan, Nepal and Bhutan, he said in an 18 August Twitter post. Source: IndiGo Indian sailors check-in at Doha for ...
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NewsCourt sets additional hearing dates for Thai Airways rehab
Thailand’s Central Bankruptcy Court has set two additional hearing dates to decide whether the country’s flag carrier should be granted its request for business rehabilitation. After its much-anticipated first day in court on 17 August, Thai Airways said in a same-day filing to the Stock Exchange of Thailand that the ...
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NewsUK regulator allows PIA to resume flights using wet-leased jets
UK aviation regulators have approved a request from Pakistan International Airlines to operate Birmingham and Manchester flights using aircraft chartered from Portuguese wet-lease operator Hi Fly.
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Airline BusinessKorean doubles down on cargo amid challenging passenger market
Korean Air’s second quarter operating profit on the back of strong cargo performance offered a dash of positive news to a sector reeling from the coronavirus pandemic.
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NewsBeijing hypes airbase-killer munition following Lockheed F-16 contract
Following a major US government contract award related to Lockheed Martin F-16s for foreign military sales customers, Beijing has released information about a glide weapon designed to attack airbases. On 14 August the US government announced that Lockheed had received a 10-year contract worth up to $62 billion for new-build ...
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NewsThai tourism travails clobber Bangkok Airways earnings
Bangkok Airways has followed other major Thai airlines by reporting a massive operating loss in its second quarter, with the carrier particularly hard hit by the collapse in international visitors. Operating losses for the three months ended 30 June ballooned to Bt2.6 billion ($83 million) from an operating loss of ...
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NewsT’way Air sinks deeper into the red without international network
T’way Air reported a W85.1 billion ($72 million) net loss for the first half of 2020, as Covid-19 all but wiped out its international network in the second quarter. Sales revenue at the South Korean low-cost carrier declined by 56% to W174 billion for the January to June period, and ...
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NewsTransit passengers lift Cathay July traffic figures
Cathay Pacific, which recently reported a record first half operating loss, carried a significantly higher number of passengers for July, as transit passengers lifted passenger volume for the month. Together with its regional arm Cathay Dragon, the carrier carried nearly 43,000 passengers in July, a 58.5% month on month ...