Asia Pacific – Page 221
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NewsBOC Aviation sues AirAsia X over $23 million of lease debts
Singapore-based lessor BOC Aviation has filed a claim in a London court against AirAsia X for nearly $23 million due, pertaining to the lease of four aircraft. AirAsia X and its indirect wholly-owned subsidiary AAX Leasing Two received on 25 August a letter dated 19 August from the lessor, the ...
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NewsEU-China bilateral safety agreement comes into effect
A bilateral safety agreement between European and Chinese aviation regulators came into effect on 1 September, paving the way for simpler evaluation and certification processes for airframers of the two regions. The European Union Aviation Safety Agency says it held a joint meeting with its Chinese counterparts on 3 September, ...
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Airline BusinessAirline coronavirus recovery tracker: September 2020 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, airport passenger throughput, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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AnalysisH-6 evolves from Cold War relic to Beijing’s hammer
Beijing’s years of patient investment in the Xian H-6 bomber, a local variant of the Cold War-era Tupolev Tu-16, have created an attack asset which is of significant concern to Washington DC. If aircraft mentions are anything to go by, the Pentagon’s recent China Military Power Report suggests the flexible, ...
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NewsVirgin Australia creditors give green light for Bain sale
Virgin Australia’s creditors have approved the sale of the carrier to US private equity group Bain Capital, with the full transfer of ownership expected to complete by end October. At the second creditors’ meeting on 4 September, the carrier’s creditors voted in favour of Bain’s proposal, which will see unsecured ...
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NewsKorean Air approved to convert 777-300ER for cargo operations
Korean Air has received approval from the Ministry of Land, Infrastructure and Transport (MOLIT) to remodel a Boeing 777-300ER passenger aircraft for cargo operations. This is the first such approval it has received, the airline tells Cirium, and it plans to convert one more 777-300ER, having based its decision on ...
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NewsSouth Korea embarks on final assembly of KF-X prototype
Final assembly of the first Korea Aerospace Industries KF-X fighter has commenced in Sacheon, South Korea.
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NewsTokyo evaluates AW609 to connect remote islands
The Tokyo Metropolitan Government will evaluate the capabilities of the Leonardo Helicopters AW609 civil tiltrotor, as it mulls future air connections with the outlying island of Ogasawara. Located about 1,000km (540nm) away from Tokyo, Ogasawara island lacks direct air links with major Japanese cities. Source: Leonardo ...
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NewsAir New Zealand’s chief commercial officer Cam Wallace resigns
Cam Wallace has resigned as Air New Zealand’s chief commercial and customer officer after 19 years with the organisation. He will leave at the end of September and will provide consultancy support to chief executive Greg Foran until the end of 2020, the carrier announced today. Source: Air ...
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NewsChina to restart direct flights to Beijing from eight countries
China will begin allowing direct flights to Beijing from eight countries, starting 3 September. Flights from Thailand, Cambodia, Pakistan, Greece, Denmark, Austria, Sweden and Canada will be “restored to Beijing”, the Civil Aviation Administration of China (CAAC) said on 2 September. The first flight will be on 3 September from ...
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In depthBeijing continues progress with fighters and support aircraft: Pentagon
Beijing continues to make strides with its fighter fleet, as well as with key enabling capabilities such as airborne early warning and control (AEW&C) and air-to-air refuelling.
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NewsBOC Aviation cancels order for 18 A320neos
BOC Aviation has cancelled an entire order for 18 Airbus A320neo family aircraft, after its airline customer opted to purchase the aircraft directly from the manufacturer, a 30 August filing to the Hong Kong stock exchange shows. The order, first announced on 31 December, was scheduled for delivery between 2022 ...
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NewsStarburst accelerator launches Singapore programme for startups
Starburst, an aerospace-focused startup incubator and consulting firm, has partnered with the government of Singapore, Singapore Airlines, Panasonic Avionics Corporation and others to launch its first aviation tech accelerator programme in the southeast Asian nation.
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NewsGovernments ‘killing aviation’ by not managing border risks: IATA
The lack of co-operation between governments is stymieing the restart of commercial air travel amid the coronavirus pandemic, potentially causing “irreparable demand to global connectivity”, according to IATA.
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NewsAir cargo traffic stabilises in July as capacity crunch continues
Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne kilometre (CTK) terms fell by 13.5% year on year in July. IATA ...
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Airline BusinessNew Jeju Air boss sees pandemic as defining moment
The chief executive of South Korean low-cost carrier Jeju Air is focusing on the basics as the airline grapples with the effects of the coronavirus pandemic. E-Bae Kim has been chief executive of Jeju Air since 1 June, following a 30-year career with Asiana Airlines. His predecessor in the role, ...
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NewsAustralia’s regional aviation to normalise within two years: Rex
Government grants and subsidies have kept Australia’s Regional Express afloat, the company says, and it expects regional aviation to return to normalcy within two years. The Rex Group managed a marginal 1.3% increase in revenue for the fiscal year (FY) ended 30 June, as government grants and subsidies mitigated the ...
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NewsThai airlines petition prime minister for $774m in soft loans
Senior management of seven Thai airlines have petitioned the country’s prime minister to provide Bt24 billion ($774 million) in soft loans to local carriers. The government said in a 28 August statement posted on its website that executives from Thai AirAsia, Thai AirAsia X, Thai Smile, Thai Lion Air, Thai ...
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NewsNok Air narrows losses in second quarter
Thai budget carrier Nok Air narrowed its losses in the second quarter despite the impact of the Covid-19 pandemic, though overall losses for the first half of the year were significantly higher than the year-ago period. Apart from Covid-19, other factors that contributed to its first-half performance include greater foreign ...
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NewsJAL in consortium to study drone deliveries in Tokyo
Japan Airlines has joined a consortium of four other Japanese companies in a feasibility study on drone deliveries in Metropolitan Tokyo. The two-year project will see the group study the feasibility of drone deliveries in the medical, food, as well as security sectors. Source: Japan Airlines Japan Airlines ...