Asia Pacific – Page 122
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NewsCovid-19 hammers Vietjet revenue in 2021
Vietnam low-cost carrier Vietjet Air had a challenging 2021, with revenue and gross profit down from 2020.
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NewsAustralia to accelerate JASSM-ER acquisition for Super Hornets
Canberra has approved an A$3.5 billion ($2.6 billion) plan to accelerate the acquisition of advanced strike capabilities, including the Lockheed Martin AGM-158 Joint Air-to-Surface Standoff Missile Extended Range (JASSM-ER).
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AnalysisSino-Russian CR929 to be another casualty of Ukraine invasion
As Russia’s aerospace sector reels under sanctions following Moscow’s invasion of Ukraine, a longer-term victim is likely to be the ambitious CR929 widebody, jointly developed by China and Russia.
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News737 Max faces mixed fate in China, as first delivery post-grounding looms
Two of China’s three largest carriers appear to be putting off taking new Boeing 737 Max aircraft in the near term, casting uncertainty the twinjet’s prospects in one of Boeing’s largest markets.
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NewsCanberra kills big acquisition of MQ-9B SkyGuardian
Canberra has moved to axe its acquisition of 12-16 General Atomics Aeronautical Systems (GA-ASI) MQ-9B SkyGuardian unmanned air vehicles (UAVs).
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NewsUS investigators assist probe into China Eastern 737 crash
US investigators have arrived in China to assist an ongoing probe into the crash of a China Eastern Airlines Boeing 737-800.
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NewsFraport withdraws from Chinese airport market with Xi’an divestment
German airport operator Fraport is withdrawing from the Chinese market, having been unable to build on its involvement with Xi’an Xianyang airport. The company is selling its entire 24.5% shareholding in the airport operator, ending a 14-year partnership which has run since the company acquired the stake in 2008. Fraport ...
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NewsIndiGo commercial chief Boulter steps down; second executive to leave in two days
IndiGo’s chief commercial officer Willy Boulter is stepping down in July, the second senior executive to leave the low-cost carrier in two days.
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Airline BusinessMore airlines able to look forward with confidence about recovery
A notable theme over the past week has been the shift in global airline narrative towards renewal, as more markets emerge from the worst of the Covid-19 crisis.
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NewsQantas targets 25% emissions cut by 2030 in push towards net-zero
Qantas expects to cut emissions by 25% by 2030, as part of a broader goal to achieve net-zero emissions by 2050.
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NewsChina’s ‘Big Three’ prolong loss-making streak as rising fuel costs, restrictions bite
China’s three largest carriers were deep in the red for a second consecutive year, widening their net losses and bucking a trend seen among some of the region’s airlines which have bounced back to profitability.
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AnalysisC-130J deliveries pass 500 aircraft: we analyse type’s global fleet mix
Lockheed Martin recently delivered its 500th C-130J tactical transport: we look at the global fleet mix for its Super Hercules product.
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NewsAir New Zealand to raise NZ$2.2 billion for post-pandemic recovery
Air New Zealand has rolled out a NZ$2.2 billion ($1.53 billion) recapitalisation package - aimed at boosting its war chest for post-pandemic recovery - as it expects to continue to be loss-making in the near-term.
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NewsIndiGo appoints new finance chief
Indian low-cost carrier IndiGo has promoted Gaurav Negi as its new chief financial officer from 1 April.
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NewsKazakh authority proposes airline divestments to increase competition
Kazakhstan’s government is proposing to increase competition in the air transport sector by selling shares in airlines which are part of the Samruk-Kazyna sovereign fund. The country’s Agency for the Protection and Development of Competition points out that airlines with state participation – including Air Astana, its budget operation FlyArystan ...
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NewsAsia-Pacific traffic in February weak despite ‘increasing momentum’ for reopening: AAPA
While Asia-Pacific carriers are reporting a significant year-on-year uptick in passenger traffic in February, meaningful recovery is still far off, says the Association of Asia Pacific Airlines (AAPA).
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NewsWellington extends cargo support scheme for Air New Zealand
Air New Zealand has been awarded another year of government financial support for operating cargo flights through end-March 2023.
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NewsCathay restarts cadet pilot programme, aims to recruit over 800 trainees by 2025
Cathay Pacific is restarting its cadet pilot training programme – two years after suspending it during the onset of the coronavirus pandemic – as the beleaguered carrier stresses its confidence in future recovery.
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NewsQantas returns A380s to Melbourne in capacity ramp-up
Qantas is set to increase capacity from Melbourne to North America, including returning its Airbus A380s to Australia’s second largest city.
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NewsFlight-data recorder of crashed China Eastern 737 located
Rescuers have found the flight-data recorder of the China Eastern Airlines Boeing 737-800 that crashed in south China, as officials confirm that there are no survivors from the crash.