Asia Pacific – Page 189
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News
Troubled Nok given extension to submit rehabilitation plan
Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan.
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News
CALC’s 2020 operating profit steady as fundamentals ‘unscathed’
China Aircraft Leasing reported steady operating profit and revenues in 2020, as the key fundamentals supporting its operations for the long term “remain unscathed”, despite a massive hit to its bottom line.
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Asia-Pacific has largest share of full border closures by region
Asia-Pacific has the biggest proportion of total border closures compared to other regions, reflecting local governments’ relative caution that has curbed confirmed Covid-19 case numbers but heavily impacted air traffic recovery.
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Singapore and Australia plan travel bubble
Singapore is looking to re-establish air connectivity with Australia, and this includes plans for a quarantine-free air travel bubble.
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News
Virgin Australia, AAT team up for Brisbane 737 training
Virgin Australia and Ansett Aviation Training (AAT) plan to expand their business partnership through a co-branded training centre in Brisbane.
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Vietnam mulls airspace permission for 737 Max
The Civil Aviation Authority of Vietnam (CAAV) is proposing to allow the Boeing 737 Max transit through the country’s airspace, paving the way for a possible lifting of the aircraft’s grounding.
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Fatalities as military An-26 crashes near Almaty
Kazakhstan’s government has disclosed that four fatalities resulted from a military Antonov An-26 accident at Almaty on 13 March. Radar contact with the aircraft, operating from the capital Nur-Sultan, was lost at 17:22 according to the country’s ministry of emergency situations. The An-26 came down near Almaty airport, it adds. ...
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SIA to ‘progressively’ bring 737 Max fleet out of desert
Singapore Airlines will “progressively” return four remaining Boeing 737 Max aircraft to Singapore from storage in Australia, as a cabin retrofit programme gets underway for the type.
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Ukrainian government to nationalise Motor Sich
Ukraine’s government has decided to nationalise aircraft engine maker Motor Sich, weeks after effectively scotching a bid from Chinese firm Skyrizon to buy the company. President Volodymry Zelensky chaired an 11 March meeting with the national security and defence council at which the Motor Sich issue was discussed, alongside other ...
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Thai Airways tests market appetite for sale of A380 pair
Thai Airways International is gauging market interest for two of its Airbus A380s.
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Embattled Cathay Pacific sees February traffic weaken further
Cathay Pacific expects to carry few than 600 passengers a day in March, while operating a “skeleton passenger flight schedule”, as new crew quarantine measures introduced by the Hong Kong government kick in.
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News
Vietnam’s central bank proposes $174m loan for flag carrier
Vietnam’s central bank is proposing to offer D4 trillion ($174 million) of loans to help the national flag carrier as it struggles amid the Covid-19 pandemic. The funds will be provided to Vietnam Airlines through credit institutions and refinanced by the central bank, which will not charge interest on the ...
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News
BOC Aviation’s profit dips by a quarter on record revenue
BOC Aviation’s net profit dropped by over a quarter in 2020 mainly due to the Covid-19 pandemic, although it managed to break the $2 billion revenue barrier for the first time.
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Airline Business
Asia-Pacific cargo yields on steroids amid bellyhold blues
Recent financial results from Asia-Pacific airlines highlight how the disappearance of bellyhold space has given a massive boost to cargo yields.
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News
Australia extends A$1.2bn ‘ticket to recovery’ for tourism, airline sectors
Australia has rolled out its latest round of financial support for its tourism and airline sectors, which have acutely felt the impact of the coronavirus pandemic.
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News
Jetstar to shift six A320s from Japan to Australia
Low-cost carrier group Jetstar is to “temporarily” move six Airbus A320s from its Jetstar Japan unit to its Australian operation, as the latter’s relatively strong domestic market provides an outlet for capacity.
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News
Cathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.
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News
Cathay retires 34 aircraft early, parks nearly half its fleet overseas
Troubled Cathay Pacific Group took a one-time HK$2.8 billion ($361 million) impairment charge relating to the early retirement of 34 aircraft, as it discloses that nearly half of its fleet are in long-term storage overseas.
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News
Covid-19 pushes Cathay to record operating loss
Cathay Pacific Group saw its full-year passenger revenue collapse to just 2-3% of pre-pandemic levels, as it warned that its immediate outlook continues to be challenging.
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News
PW100 failure highlights danger of maritime corrosion: ATSB
Corrosion related to extensive low-level flying over the ocean led to the failure of a Pratt & Whitney Canada (P&WC) PW100 engine aboard a De Havilland Canada DHC-8-315 operated by Surveillance Australia.