Asia Pacific – Page 178
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NewsThai AirAsia eyes year-end international restart amid worsening financial results
Thai low-cost carrier Thai AirAsia has warned that the third wave of coronavirus infections in April will impact its profitability, as it sank deeper in the red amid plunging revenue.
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NewsJapan’s IHI slips to annual loss amid declining engine activity
Japanese engineering group IHI saw its operating profit decrease 42%, to Y28 billion ($256 million), in its financial year ended 31 March, amid a significant decrease in sales from its civil aero engines business.
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NewsChina’s ‘Big Three’ see staggering domestic traffic growth in April
China’s three largest carriers — Air China, China Eastern Airlines and China Southern Airlines — continued their impressive domestic traffic growth in April, reporting threefold increases in passenger numbers.
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NewsRebranding Indian low-cost carrier GoAir files for IPO
Indian low-cost carrier GoAir has filed a prospectus with the Indian Capital Markets authority for a planned market listing and is rebranding as Go First.
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NewsKAI confirms preliminary investigations into jet-powered tactical transport
Korea Aerospace Industries is investigating the possibility of developing a tactical transport powered by two turbofan engines.
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NewsCargo helps Korean Air swing to W125 billon Q1 operating profit
Strong cargo demand propelled Korean Air to an operating profit of W125 billion ($110 million) in its first quarter results, compared with an operating loss of W65.7 billion a year earlier.
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NewsSingapore-Hong Kong travel bubble in jeopardy following case spike
Singapore is “very unlikely” to meet the criteria required to commence travel bubble arrangements with Hong Kong, following a surge in locally-transmitted coronavirus cases in the city-state.
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Airline BusinessJapanese majors pin recovery hope on low-cost units
Recent announcements from JAL and ANA underscore the importance of low-cost carriers in the broader airline strategy and mark a mindset shift for the two carriers, who were previously wary about growing their low-cost offerings. But given the current pandemic, are the two carriers putting all their eggs in one basket?
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NewsKorean Air to maintain Asiana’s PW4000 engines
Korean Air and compatriot Asiana Airlines have inked a multi-year engine MRO contract, covering the latter’s Pratt & Whitney PW4090 powerplants.
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NewsAirbus appears to deliver A321neo test aircraft to VietJet
Airbus appears to have delivered the first A321neo manufactured, the MSN6673 test aircraft, to Asian carrier VietJet Air. The twinjet – powered by Pratt & Whitney PW1100G engines – was the first A321neo for which Airbus completed initial assembly. But it was beaten to the variant’s maiden flight in February ...
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NewsVirgin Australia defers most short-haul international service
Virgin Australia Group is postponing most short-haul international flying, including flights to Fiji’s Nadi and Bali in Indonesia, until at least December amid shifting projections around international border restrictions.
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NewsAerodata to modify Praetor 600 for Korean flight inspection work
German firm Aerodata will modify an Embraer Praetor 600 business jet to perform flight inspection work for South Korea’s Ministry of Land, Infrastructure and Transport (MOLIT).
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NewsSeoul forges ahead with autonomy for UAVs
South Korea’s Agency for Defense Development (ADD) has developed an autonomous navigation system for unmanned air vehicles (UAVs) that helps them avoid threats and dangerous situations.
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NewsAirAsia Group MRO unit gets base maintenance regulatory approval
Asia Digital Engineering (ADE), the MRO unit of AirAsia Group, has obtained regulatory approval to perform base maintenance works.
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NewsQantas’ international restart faces fresh delays
Qantas has pushed back a planned resumption of international flights, following indications from the Australian government that the country’s borders will only reopen in 2022.
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NewsThailand’s third wave complicates restructuring plans
Two major Thai airlines, Thai Airways International and Nok Air, are at different stages of putting together business reorganisation plans outlining how they will restructure their businesses under court protection and emerge stronger from the Covid-19 pandemic.
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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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NewsATR recruits Skyways Technics for flight-control repairs
Turboprop manufacturer ATR is co-operating with Danish maintenance provider Skyways Technics to facilitate structural component repairs for Asia-Pacific operators.
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NewsST Engineering sets up leasing venture for converted freighters
Singaporean modification and maintenance firm ST Engineering is to establish a joint venture specialising in dedicated freighter leasing, in response to increased demand for cargo aircraft. ST Engineering’s asset-management arm will equally-own the venture with partner Temasek. Over the next five years the venture will acquire passenger aircraft – primarily ...
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NewsKAI MRO unit, Airbus team up for CN235, C212 support
The MRO unit of Korea Aerospace Industries (KAI) and Airbus have signed a memorandum of understanding (MOU) for support of the CN235 and C212 tactical transports.