Asia Pacific – Page 224
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NewsCovid-19 travel restrictions bog down Fiji Airways
Fiji seems unlikely to resume international air travel soon, especially as its national carrier cancelled scheduled international passenger service through the end of September. “This is due to ongoing border closures and travel restrictions as a consequence of the Covid-19 pandemic,” Fiji Airways said in a 12 August statement. The ...
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NewsKhona returns to head Indian carrier GoAir as Dube leaves
Former Jet Airways chief executive Vinay Dube is to leave Indian low-cost carrier GoAir after just six months, to be replaced by the carrier’s former boss Kaushik Khona.
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NewsHAL LCH dispatched to India’s high-altitude Leh base
The Hindustan Aeronautics (HAL) Light Combat Helicopter (LCH) has been dispatched to India’s north for high-altitude operations.
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NewsNokScoot woes drag Nok Air deeper into red
Thai low-cost carrier Nok Air saw a staggering increase in its first-quarter losses, led mostly by trouble at its now-shuttered long-haul subsidiary NokScoot. Nok, which recently took a similar path as compatriot Thai Airways to file for business rehabilitation, reported an operating loss of Bt4.4 billion ($141 million) for the ...
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NewsTroubled Thai sees operating loss more than double
Thai Airways International, which recently entered court-supervised business rehabilitation amid longstanding financial woes, plunged deeper into the red in its half-yearly financial results. For the six months ended 30 June, the Star Alliance carrier reported an operating loss of Bt18.3 billion ($590 million), widening the Bt7.9 billion operating loss it ...
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NewsST Engineering Aerospace sees first-half profit shrink
ST Engineering’s aerospace unit remained profitable in its half-yearly financial results, though both operating and net profits saw year-on-year declines. For the six months ended 30 June, the unit made an operating profit of S$116 million ($84.4 million), a 21% decrease year on year. It also saw net profit fall ...
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InterviewBabcock Australasia sees Bell 429 as special forces star
While UK-headquartered Babcock’s defence credentials in Australia are clear – notably in the naval sector – the company hopes that its civil rotorcraft experience in the country will enable it to prevail in a three-way contest to supply Canberra with new special forces helicopters.
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NewsCebu Pacific’s losses worsen in second quarter
Cebu Pacific’s financial losses deepened in the second quarter of this year as the impact of the Covid-19 pandemic began to be felt more severely. The Philippine airline and its subsidiaries made an operating loss of Ps6.29 billion ($129 million) in the three months ended 30 June, it reports. This ...
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NewsHong Kong airport resumes transit for passengers from mainland
Hong Kong International Airport will allow passengers arriving from mainland China to transit during the period 15 August to 15 October. “On the other hand, transfer/transit services to destinations in mainland China will remain unavailable at HKIA,” says the airport. It did not give a reason for the resumption and ...
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NewsTaiwanese carriers bounce back to profitability despite global downturn
China Airlines and EVA Air reported operating profits for their latest quarterly financial results, placing them among the few airlines to turn a profit during a pandemic-induced economic downturn. For the three months ended 30 June, both carriers made a strong comeback from a loss-making previous quarter — despite ...
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NewsST Engineering aerospace unit sees leadership change
ST Engineering aerospace president Lim Serh Ghee will be stepping down from his current role, and be appointed the group’s chief operating officer. His current deputy, Jeffrey Lam, will be promoted to lead the aerospace unit. Source: ST Engineering Outgoing ST Engineering aerospace chief Lim Serh Ghee ...
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NewsSikorsky secures five-year support deal for Australian MH-60Rs
Sikorsky has secured a $200 million sustainment contract for the Royal Australian Navy’s fleet of 24 MH-60R maritime helicopters.
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NewsCathay appears to switch more A350-1000s to -900s
Cathay Pacific appears to have converted a pair of Airbus A350-1000s to the smaller -900 variant, the Hong Kong-based carrier’s half-year accounts indicate. Airbus’s backlog figures to the end of July show Cathay had ordered 46 A350s, a mix of 26 A350-900s and 20 of the larger -1000s. It has ...
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NewsCathay not cancelling 777-9 orders, as it warns of bleak second half
Cathay Pacific has stressed that it is in discussions with Boeing about deferring — not cancelling — its orders for the 777-9 widebody. At a briefing after it disclosed record first half losses, Cathay chief operations and service delivery officer Greg Hughes says it is a “deferral of all 21 ...
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Airline BusinessSriLankan focuses on cargo, repatriation pending traffic recovery
SriLankan Airlines chairman Ashok Pathirage has had to navigate an extremely challenging environment since assuming his role in December 2019. A prominent Sri Lankan businessman, Pathirage is also the chairman and founder of local conglomerate Softlogic Holdings, and runs other local companies as well. He joined the national carrier at ...
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NewsCathay plunges to record HK$8.7 billion loss in ‘most challenging’ first half
Cathay Pacific Group reported a staggering operating loss of HK$8.7 billion ($1.13 billion) for its half-year financial results, in what its chairman called the “most challenging” period for the group in its 70-year history. Cargo proved to be the sole bright spot for the troubled group, which in recent months ...
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NewsThai AirAsia posts big operating loss amid broader group woes
Thai AirAsia’s dismal financial performance in the second quarter underlines the devastating impact of coronavirus for the AirAsia Group. Thai AirAsia parent Asia Aviation saw its operating loss for the quarter ended 30 June more than double to Bt1.8 billion ($58 million), from Bt798 billion a year earlier. Revenue fell ...
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NewsEVA Air hints at changes to 787 orderbook
EVA Air has entered negotiations with Boeing about its remaining 787-10 orders, hinting at a possible deferral or cancellation of some aircraft. The Star Alliance carrier says it is doing so “in response to changes in market demand and continuous optimisation of…network and fleet”, as a result of depressed travel ...
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NewsOver 6,000 SIA staff have taken unpaid leave since March
More than 6,000 Singapore Airlines Group employees, including ground staff, pilots and cabin crew have taken varying days of unpaid leave since they were first offered to do so in March. Singapore Airlines tells Cirium that the leave starts from a minimum of seven days and that more than 1,700 ...
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Airline BusinessAsia-Pacific airlines temper optimism with caution - but for how long?
While capacity is expected to increase in coming months, airlines in and around the region warn of material losses in upcoming financial results. With the pandemic-induced downturn showing no sign of easing off anytime soon, they are finding it increasingly trickier to match expectation with reality.