Asia Pacific – Page 170
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Airline BusinessAirline Business Friday Briefing: Early call for aircraft orders
This is an industry that has to both plan for and bet on future demand, and while United’s order may feel like a resumption of business as usual for airlines, the reality is that the here and now remains firmly in crisis.
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NewsSouth Korea’s Air Premia close to launch
South Korea’s Air Premia expects to receive its second aircraft in July and is close to launching revenue service.
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NewsIndonesia 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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NewsInternational carriers make Phuket return
Etihad Airways, Qatar Airways, El Al and Singapore Airlines all resumed flights to Phuket today, while Air Arabia, Emirates and Oman Air are due to carry out flights tomorrow.
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NewsSpectre of third Covid-19 wave haunts Indian traffic recovery
Indian airline traffic is starting to pick up, but concerns about a third wave of Covid-19 will weigh on a full recovery.
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NewsIndian 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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NewsJAL 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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NewsKAL-ASD signals intent for South Korean SIGINT aircraft work
The Korean Air Aerospace Division (KAL-ASD) will bid to be the main contractor in South Korea’s second Baekdu signals intelligence (SIGINT) aircraft programme.
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NewsSpiceJet 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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NewsAirlines ready to play in the Phuket Sandbox
Airlines are poised to ramp up capacity into Phuket, where a quarantine-free Sandbox will open on 1 July.
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NewsIAI to reactivate Sri Lankan Kfir fleet
Israel Aerospace Industries (IAI) has secured a $50 million contract to upgrade and reactivate the Sri Lankan air force’s stored Kfir fighters.
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NewsKorean 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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NewsRex 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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NewsVietJet to raise 15% of charter capital and $300m in bonds
VietJet’s shareholders have approved a private shares placement for up to 15% of its charter capital and a $300 million bond offering.
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NewsTrans-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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NewsAsiana Airlines issues $97 million corporate bond
South Korea’s Asiana Airlines has raised W110 billion ($97 million) from privately placed corporate bonds.
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NewsAAPA 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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NewsSingapore’s Scoot eyes post-pandemic opportunities
Singapore low-cost carrier Scoot expects to see significant opportunities when the Asia-Pacific finally emerges from the coronavirus pandemic.
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Airline BusinessSwissport chief Warwick Brady outlines ambitions for restructured handling giant
With a reduction in debt of €1.9 billion and a capital injection of €500 million, Swissport is aiming to emerge from the pandemic as a leaner but stronger business.
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NewsGaruda aiming to complete restructuring by year-end
Garuda Indonesia is targeting to complete its restructuring within the year but did not commit to a timeline for the process or further steps to pay off its debts.