Asia Pacific – Page 145
-
NewsAirAsia X aims to complete restructuring by Q1 2022, after securing creditor approval
Beleaguered long-haul, low-cost carrier AirAsia X has gained crucial approval from creditors for debt restructuring, following a series of court-convened meetings on 12 November.
-
NewsKorean Air operating profit sharply higher on cargo strength
A strong cargo performance propelled Korean Air’s operating profit to W439 billion ($372 million) for the third quarter of 2021.
-
NewsSIA confident of continued strong cargo performance
Singapore Airlines enjoyed record high cargo revenues in the first half of its 2021/22 financial year, and expects demand to remain strong.
-
NewsScoot adds London Gatwick to European network
Scoot will commence one-stop flights between Singapore and London Gatwick in December, with a new service via Bangkok Suvarnabhumi.
-
NewsJakarta, Seoul bridge cost differences for KF-21/IF-X fighter
Jakarta and Seoul have reached an agreement about development costs related to the Korea Aerospace Industries KF-21/IF-X fighter.
-
NewsZipair launches Los Angeles as inaugural long-haul destination
Zipair will become the first low-cost carrier to operate trans-Pacific flights, as it announces Los Angeles as its “much-anticipated” inaugural long-haul destination.
-
NewsCovid-19 resurgence pushes Thai AirAsia parent deeper in the red
Thai AirAsia parent company Asia Aviation widened its third-quarter operating loss, amid a sharp revenue plunge from having to suspend operations during Thailand’s worst wave of coronavirus infections.
-
NewsSingapore Airlines cuts half-year losses as travel lanes, cargo lift demand
Singapore Airlines Group narrowed its half-year losses on the back of a significant revenue uplift, as it anticipates a continued rise in travel demand in the near-term, with more countries easing border restrictions.
-
NewsSouth Korea targets UAM commercialisation by 2025
South Korea hopes to roll out air taxi services in capital Seoul in 2025, as it doubles down on efforts to commercialise urban air mobility (UAM), including developing an indigenous electric vertical take-off and landing (eVTOL) aircraft.
-
NewsResolute action need to re-boot Australian air travel: Inmarsat
A whitepaper sponsored by Inmarsat Aviation contends that Australia was particularly hard hit by coronavirus related travel restrictions, and that the country needs a unified approach for air travel to recover.
-
NewsOutgoing Auckland airport chief calls for ‘more certainty’ about border reopening
The outgoing chief executive of Auckland Airport has hit out at the New Zealand government over uncertainty about when the country’s borders will reopen, while pressing them to “make a commitment now” about allowing fully-vaccinated travellers into the country without the need for quarantine or testing.
-
NewsKAI secures $360 million deal to support Iraqi T-50IQs
Korea Aerospace Industries (KAI) has secured an $360 million operational support deal for Iraq’s fleet of 24 T-50IQ advanced jet trainers.
-
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.
-
NewsIHI sees improving demand for spares with air travel recovery
The aero engine, space and defence unit of Japanese firm IHI generated revenues of Y108.2 billion ($957 million) for the first half of its 2021 financial year, up 9% from a year earlier as the airline sector starts to recover from the coronavirus pandemic.
-
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.
-
Airline BusinessAirline Business Covid-19 recovery tracker: November 2021 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
-
NewsFinnair focuses on Japan in 2022 schedule as China uncertainty continues
Finnair has added Tokyo Haneda to its schedules for summer 2022, as it focuses on serving Japan amid uncertainties over the reopening of China to non-essential travel.
-
NewsChinese spy convicted for trying to steal GE Aviation composite technology
A Chinese spy has been convicted in the USA of attempting to steal trade secrets related to GE Aviation composite technology.
-
Airline BusinessQR quandary trips up re-boot of USA-Singapore air travel
Singapore’s acceptance of only one form of accreditation for travelers vaccinated in the USA highlights the thorny questions governments can encounter when reopening air travel.
-
NewsAsia-Pacific to lead air traffic growth through 2040: Boeing
Boeing sees the Asia-Pacific region leading demand for new aircraft in the 2020s and 2030s, forecasting that air traffic growth in the region will outpace both world air traffic growth and world gross domestic product (GDP) growth.