Asia Pacific – Page 207
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NewsSIA raises S$500 million from privately placed 10-year bonds
Singapore Airlines has raised S$500 million ($373 million) from a private placement of new 10-year, 3.5% bonds. The offer was launched at S$300 million and upsized to S$500 million, “after a strong appetite was apparent from a select group of private investors”, says the group. Source: Greg Waldron ...
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Airline BusinessAsian and North American airlines to lead recovery but all regions loss-making in 2021
IATA expects airlines in Asia-Pacific and North America to lead the recovery in 2021 aided by strong domestic markets, though it still sees all regions loss-making as international passenger markets struggle to recover from the pandemic.
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NewsAirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...
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NewsGovernments beware: Walsh promises ‘different style’ as IATA leader
Former IAG chief Willie Walsh has promised a “different style” of leadership when he takes over from Alexandre de Juniac as the director general of IATA in April 2021 – particularly when it comes to working with governments.
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News‘When the house is on fire, you don’t pontificate’: IATA chief
IATA is working full-out to secure further government financial support for struggling airlines, alongside the introduction of Covid-19 testing regimes to reopen borders, Alexandre de Juniac explained in his final AGM as IATA director general today.
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NewsIATA deepens airline net loss forecast for 2020 to $118bn
IATA now expects the global airline industry to record a net loss of $118 billion in 2020, some $34 billion deeper than the figure it projected in June.
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Airline BusinessA year in headlines: IATA grapples with airline industry’s gravest crisis
In this timeline, we recall some of industry body’s key moments from an unprecedented period for airlines and the wider travel sector
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NewsExxonMobil orders two H145s for Papua LNG work
ExxonMobil has ordered a pair of Airbus Helicopters H145s to support a liquified natural gas (LNG) project in Papua New Guinea. The five-bladed H145 will support the PNG LNG project, says Airbus Helicopters. It will be used to transport both personnel and equipment. Source: Airbus Helicopters The five-bladed ...
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NewsFlexibility on airport slots should be extended to summer 2021: IATA
The suspension of the 80:20 ‘use it or lose it’ rule on slots should be extended into the 2021 summer season and possibly beyond, in the view of IATA’s head of worldwide airport slots Lara Maughan.
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NewsIATA to launch health passport in push to reopen international travel
IATA is close to launching a digital health passport that it believes will aid the reopening of borders to international travel through the secure sharing of information on Covid-19 testing and vaccinations.
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NewsQantas likely to mandate Covid-19 vaccine for international passengers
Being vaccinated against Covid-19 is likely to become a prerequisite of flying internationally with Qantas, according to the airline’s chief executive Alan Joyce.
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Airline BusinessWomen have 14% of top airline jobs in slow trend towards parity
FlightGlobal’s survey of the crisis-hit airline industry reveals progress has been made on improving the C-suite gender balance over the past 12 months – but from a low base
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NewsHAL HJT-36 has another go at spin testing
The Hindustan Aeronautics (HAL) HJT-36 Sitara Intermediate Jet Trainer (IJT) has commenced spin testing following extensive work to rectify previous issues with this area of the flight envelope. The HJT-36 has already cleared the full envelope in areas such as speed, altitude, and load factors, says HAL. In addition, drop ...
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NewsBOC Aviation, ILFC win civil suits against AirAsia X
Troubled long-haul, low-cost carrier AirAsia X has lost civil suits mounted by two lessors over lease debts for six aircraft.
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Airline BusinessThe real trouble with travel bubbles
A two-week delay in the Hong Kong-Singapore air travel bubble starkly illustrates how fragile an Asia-Pacific air travel recovery will be absent a universal coronavirus vaccine.
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NewsSingapore-Hong Kong travel bubble postponed, after surge in coronavirus cases
Singapore and Hong Kong have pushed back the start of air travel bubble arrangements, a day before it was due to commence, and following a spike in coronavirus cases in Hong Kong.
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Airline BusinessCrisis CO2 levels highlight scale of airline challenge: IATA sustainability chief
The huge reduction in emissions from commercial airlines in 2020 paradoxically highlights the scale of the challenge ahead for the industry to meet its sustainability targets, according to IATA’s director of aviation environment, Michael Gill.
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NewsGaruda gets shareholders’ nod for Rp8.5 trillion government funding
Garuda Indonesia’s shareholders have overwhelmingly approved the sale of convertible bonds — worth up to Rp8.5 trillion ($602 million) — giving the struggling carrier a much-needed financial lifeline to tide through the coronavirus crisis.
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NewsChina in no hurry to return 737 Max to service
China’s civil aviation authorities have reiterated comments made a month ago that there was “no set timetable” to lift the grounding of Boeing 737 Max. In comments reported by state broadcaster CCTV on 19 November, the Civil Aviation Administration of China (CAAC) restated three key rules it laid out in ...
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NewsAirAsia X plunges deeper into red amid ongoing grounding
Troubled long-haul, low-cost carrier AirAsia X widened its quarterly loss, as it remained grounded amid the coronavirus pandemic.