Asia Pacific – Page 214
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NewsKorean Air raising cash from government subsidy and land sales
Korean Air is looking to raise additional cash, seeking a government subsidy from the state-run Korea Development Bank (KDB) and separately, from the sale of land in downtown Seoul. “We cannot confirm the exact figures as we are still in discussion with the relevant parties,” the airline tells Cirium. ...
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NewsCathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...
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AnalysisLandmark Taiwan MQ-9 sale would vex Beijing
A reported US plan to sell the General Atomics Aeronautical Systems MQ-9 unmanned air vehicle to Taiwan will complicate Beijing’s incessant prodding of the island’s defences.
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NewsAirAsia Group carriers weigh up Covid-19 measures
AirAsia Group carriers are seeking cash and eyeing tough restructuring measures as they grapple with the effects of the Covid-19 pandemic. The group’s low-cost long-haul arm, AirAsia X has “run out of money” and needs fresh capital, newly appointed deputy chairman Lim Kian Onn told Malaysian paper The Star in ...
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NewsJet Airways could fly again in four to six months
India’s Jet Airways could be flying again in as little as four to six months after its creditors approved a bid from entrepreneur Murari Lal Jalan and asset management firm Kalrock. “The expectation is that in the next four to six months one should be able to see Jet back ...
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NewsChina Express details delivery schedule of initial 50 domestic jets
China Express Airlines has detailed its agreement to take 100 domestically-built jets, with at least 50 set to be Comac ARJ21s. It had previously disclosed, in June, provisional plans to acquire a mix of ARJ21s and Comac C919s. China Express says that “all or part” of the balance of 50 ...
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NewsSingapore Airlines marks return to New York with JFK nonstop
Singapore Airlines (SIA) will launch nonstop flights between Singapore and New York JFK from 9 November – the first time the carrier will operate such flights between the two airports. Announcing the route’s launch, the SIA says it will operate thrice-weekly flights using its Airbus A350-900s. ...
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NewsRNZAF stands up new NH90 simulator from CAE
The Royal New Zealand Air Force (RNZAF) has officially received a CAE flight training device to train crews for its NH Industries NH90 helicopters.
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NewsMQ-9B SeaGuardian commences validation flights in Japan
The General Atomics Aeronautical Systems MQ-9B SeaGuardian has commenced a two-month validation campaign for the Japan Coast Guard.
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NewsGlacial recovery will see Cathay operate below half capacity in 2021
Cathay Pacific will operate only around 10% of its capacity for the rest of year, and just about half for the coming year. This comes as it warns of a very slow recovery in passenger traffic, despite seeing some signs of month-on-month growth. Source: Max Kingsley-Jones/FlightGlobal Cathay Pacific ...
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AnalysisChinese H-6N appears with mysterious ballistic missile
A brief video has emerged of a Xian H-6N bomber carrying what could be a ballistic missile or boost-glide vehicle along its centreline. The video appeared on the Chinese internet on 17 October. It goes some way to confirming a long-held theory that one mission for the H-6N, the most ...
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NewsQantas to exit joint venture with Vietnam Airlines: report
Australia’s Qantas plans to give up its stake in low-cost carrier Pacific Airlines to joint venture partner Vietnam Airlines, according to a media report. This will be transferred at no cost and the deal is expected to be finalised by the end of October, DealStreetAsia, a Nikkei-owned Asia-focused financial publication, ...
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NewsJet Airways creditors accept Jalan-Kalrock bid
Creditors of grounded Indian carrier Jet Airways have voted to accept a bid for the airline from entrepreneur Murari Lal Jalan and asset management firm Kalrock. The creditors’ committee had discussed two rival bids for the company at a meeting on 3 October, and decided to put them to an ...
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NewsChina’s ‘Big Three’ see full domestic traffic recovery in September
China’s three biggest carriers recorded year-on-year domestic passenger traffic growth for the first time since the coronavirus outbreak began. Releasing their traffic results for September, the ‘Big Three’ — comprising Air China, China Southern Airlines and China Eastern Airlines — each carried more passengers compared to the same month ...
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NewsGaruda Indonesia details $580 million government funding
Garuda Indonesia has disclosed details of Rp8.5 trillion ($580 million) in government funding approved by parliament in July. This will take the form of a seven-year unsecured bond that will be converted to new shares at maturity. Source: Airbus Garuda Indonesia says government funding is necessary for ...
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NewsAmedeo sees mixed fortunes from Thai and Emirates
Lessor Amedeo has reported mixed fortunes regarding two of its major lessees, Thai Airways International and Emirates, with one airline paying steady rentals and even operating some of its aircraft, while the other remains grounded and makes little to no rental payments. The insight derives from public disclosures from the ...
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AnalysisAsian airframers tread diverging paths through the crisis
The coronavirus outbreak, which upended nearly everything in the aerospace industry, has fuelled the diverging trajectory Asian airframers Comac and Mitsubishi Aircraft are taking.
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NewsQantas and Jetstar resume trans-Tasman flights
Australian carriers have resumed flights to New Zealand, under the one-way safe travel zone established between the two countries. Qantas and subsidiary Jetstar today operated their first flights between Sydney and Auckland under the scheme, which allows eligible passengers to travel from New Zealand and without needing to quarantine upon ...
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NewsHong Kong extends waiver on airport fees until year-end
Hong Kong has extended a relief package for the aviation sector for a further two months until the end of 2020. Airport Authority Hong Kong (AA) says it made the move “in response to the ongoing challenges arising from the Covid-19 pandemic”. Source: Mary416/Shutterstock Parked aircraft in Hong ...