Asia Pacific – Page 198
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NewsANA to retire domestic large aircraft ‘ahead of schedule’
All Nippon Airways will retire large aircraft operating domestic flights “ahead of schedule” — and cut their utilisation by half — as it discloses that domestic operations will “make up the core” of its earnings in the coming financial year, which begins on 1 April.
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NewsCebu Pacific outlines $250m convertible preferred shares issue
Cebu Pacific has outlined the details of a $250 million stock rights offering, which it intends to use to finance its debt obligations.
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NewsQuarantine moves prompt Cathay to flag higher cash burn and capacity cuts
Cathay Pacific Group expects monthly cash burn to increase by around HK$300-400 million ($38.7-51.6 million), following the Hong Kong government’s decision to impose mandatory quarantine measures on all flight crew entering the city for more than two hours.
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Airline BusinessStage set for battle royale among Australia’s domestic carriers
With international borders likely to be shut for most of the year, Australia’s airlines are focusing their energies on capturing domestic market share. This year, new entrant Rex enters the domestic trunk network, while a rebooted Virgin Australia takes flight after exiting administration. How will this battle shape out, and will there be casualties?
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NewsTurkmenistan to take first Airbus jets through A330 freighter conversion
Turkmenistan Airlines has ordered a pair of Airbus A330-200 converted freighters, the first time the Central Asian operator has signed for the airframer’s aircraft. The aircraft are set to be delivered in 2022, following the modification work. Airbus has not detailed the source of the airframes to be converted. Turkmenistan ...
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NewsHong Kong’s Greater Bay Airlines seeks rights to fly to over 100 cities
Hong Kong’s newest carrier Greater Bay Airlines has formally applied for air transportation rights to operate to more than 100 points in the Asia-Pacific region.
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NewsVietnam tightens rules on in-storage aircraft
The Civil Aviation Authority of Vietnam (CAAV) has issued a directive on aircraft storage and maintenance, requiring that airlines rotate between in-service and stored aircraft every month.
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NewsAirAsia Group plans $113 million private placement for cash needs
AirAsia Group is looking to raise MYR454.5 million ($113 million) from a private placement of shares, to meet its cash needs over the next three to 12 months.
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NewsSriwijaya Air crash victim search halted; hunt for CVR continues
Indonesian officials have officially halted search and rescue efforts to locate more victims of the Sriwijaya Air crash, but are continuing their hunt for the Boeing 737-500’s cockpit-voice recorder (CVR).
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NewsC919 completes cold-weather testing
The Comac C919 narrowbody programme has completed cold-weather testing in China’s Inner Mongolia region.
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NewsIndia’s Hawk-i tests indigenous anti-airfield weapon
A Hindustan Aeronautics (HAL) Hawk-i advanced jet trainer (AJT) has conducted a successful test firing of India’s Smart Anti-Airfield Weapon (SAAW).
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NewsRestructuring Thai Airways and Asiana offload non-core subsidiaries
Thai Airways International and Asiana Airlines, both undergoing restructuring, have disclosed details about selling off non-core subsidiaries.
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NewsMalaysia Airlines gets UK court green light for creditors’ meeting
Malaysia Airlines’ parent company has been given the green light by the UK courts to commence a “major component” of its restructuring programme, which it hopes to wrap up by the end of the first quarter of this year.
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NewsChangi Airport’s full-year passenger traffic nosedives 83%
Singapore’s Changi Airport reported a staggering 83% year-on-year plunge in passenger movement in 2020, amid a pandemic-driven collapse in international travel demand.
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NewsThyssenkrupp Aerospace secures KAI supply contract
Thyssenkrupp Aerospace has secured a three-year materials supply contract from Korea Aerospace Industries (KAI).
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NewsSIA Engineering to invest over S$40 million in digitalisation, automation
SIA Engineering (SIAEC) has rolled out the second phase of its business transformation efforts, where it will invest more than S$40 million ($30.2 million) in technological areas such as digitalisation and automation.
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AnalysisAirAsia X restructuring places creditors in a bind
AirAsia X’s debt restructuring negotiations highlight the dilemma creditors face when deciding whether to stand by a struggling airline during the Covid-19 pandemic.
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NewsSriwijaya crash probe aims for preliminary findings in early February
Indonesian investigators are aiming to publish preliminary findings regarding the Sriwijaya Boeing 737-500 crash in early February, in line with ICAO standards. Investigation authority KNKT says the flight-data recorder download has yielded information on 370 parameters. KNKT head Nurcahyo Utomo says the authority hopes to publish a preliminary report on ...
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NewsAustralia wary on reopening international borders this year despite vaccine
Australian officials have indicated its international borders are unlikely to reopen this year, even while it gets underway with vaccinating its population.
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NewsChina Eastern sees senior management reshuffle
China Eastern Airlines vice president Jiang Jiang has resigned from his role, amid broader senior management changes that will see replacements in its supervisory committee.