Asia Pacific – Page 240
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NewsJet Airways invites expressions of interest for a fourth time
Jet Airways, the Indian carrier that suspended operations last year amid financial difficulties, has launched a fourth search for a buyer. A document on the Mumbai-based carrier’s website, a version of which was also published in various Indian newspapers, sets a deadline of 28 May 2020 for expressions of interest. ...
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NewsBangkok Airways swings to first-quarter loss
Bangkok Airways posted an operating loss of over Bt260 million ($8.1 million) in the first quarter of 2020, undoing the Bt870 million operating profit in the same period last year. Revenue for the quarter ended 31 March fell 17.5% year-on-year to Bt6.42 billion. Passenger revenue declined 25.3% to Bt4.45 billion, ...
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NewsNew naval JL-9 trainer takes flight in China
A new variant of the AVIC Guizhou JL-9 Mountain Eagle advanced jet trainer modified to train naval pilots has conducted its maiden flight.
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NewsQantas postpones new Airbus, Boeing deliveries
Qantas is pushing back aircraft deliveries for as long as the Covid-19 pandemic persists. “We have advised Boeing and Airbus that we won’t be taking delivery of any new aircraft while the current [Covid-19] crisis continues and present levels of uncertainty persist,” the carrier tells Cirium. “Naturally ...
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NewsAvalon Airshow pushed back to late 2021
Next year’s Avalon air show has been postponed owing to the coronavirus pandemic, with a new date proposed for late 2021. The event had been scheduled for 23-28 February 2021, but the organiser, AMDA Foundation, says the event will be pushed back several months, potentially to November. Source: ...
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NewsAustralia’s Rex studies launch of capital city flights
Australia’s Regional Express has confirmed plans to expand into capital city flights within Australia. “Rex discloses that it has been approached by several parties interested in providing the equity needed for Rex to start domestic operations in Australia,” it said in a statement to the Australian Securities Exchange (ASX) today, ...
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NewsThai AirAsia parent slips into first-quarter loss
Thai AirAsia’s parent company has posted an operating loss of Bt1.37 billion ($42.7 million) in the first quarter of 2020, partly due to a fall in its total revenue. This contrasts to an operating profit of Bt1.12 billion for the same quarter last year. Asia Aviation’s revenue for the quarter ...
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NewsTokyo’s first V-22 Ospreys reach Japan
Tokyo has received its first pair of Bell Boeing V-22 Osprey tiltrotors, as the nation continues to build up its amphibious capabilities.
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NewsMitsubishi to halve SpaceJet budget, review M100 development
Mitsubishi Aircraft’s parent company will review the development of a 76-seater variant of its regional jet programme nearly a year after its launch, as full-year losses related to the programme widened. Mitsubishi Heavy Industries (MHI) will also halve the budget allocated for the SpaceJet regional aircraft programme to Y60 ...
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NewsChangi airport to close Terminal 4 indefinitely from 16 May
Singapore’s Changi airport will temporarily close Terminal 4 (T4) from 16 May, “in view of the small number of flights still operating in the terminal”. “The timing of [when T4 will resume operations] will depend on when air travel demand picks up and on the requirements of airlines seeking to ...
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NewsAuckland airport uses Covid-19 downtime for runway replacement
Auckland airport is bringing forward runway pavement replacement work while operations are at a minimum during the Covid-19 outbreak. “We’ve experienced a significant reduction in flights and passenger numbers, with aircraft movements currently 90-95% lower than a normal busy day,” Andre Lovatt, general manager of airport development and delivery, said ...
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NewsJeju Air falls deeper into the red
Jeju Air’s first-quarter losses far exceed those reported in the full year 2019, and provisional financial results indicate a W63.8 billion ($52 million) operating loss for the January to March period. The group reported a W34.8 billion operating loss for the whole of 2019, encompassing a W57.8 billion operating profit ...
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Airline BusinessAsia-Pacific April deliveries collapse amid travel restrictions
Asia-Pacific airlines received just two new aircraft during April 2020, as travel restrictions stemming from the coronavirus epidemic played havoc with delivery schedules. Only two Chinese carriers received new jets, according to Cirium fleets data. Loong Air took an Airbus A320neo and Chengdu Airlines took a Comac ARJ21. ...
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NewsAir New Zealand to add more domestic flights, but no cheap fares
Air New Zealand is preparing to add more domestic flights as the country eases lockdown restrictions but warns that cheap fares will not be available. The carrier said today it plans to fly to most domestic airports when New Zealand moves to Level 2 of its lockdown, adding destinations such ...
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NewsAngkasa Pura II seeks strategic partner for airport development
Indonesian airport operator Angkasa Pura II (AP II) is searching for a strategic partner to jointly develop some of the airports it manages. Medan’s Kuala Namu International airport is one such airport, and discussions with potential candidates are ongoing. “We are pursuing the development of airports with a strategic partner, ...
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NewsNo further exposure to Virgin Australia, says SIA Group
Singapore Airlines Group says its financial exposure to Virgin Australia is limited and it is not obliged to inject capital. “On the recent announcement of Virgin Australia entering into voluntary administration, the SIA Group has no requirement or obligation to provide capital to Virgin Australia,” it said today in a ...
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NewsSIA Group flags ‘material’ final-quarter loss; renegotiates deliveries
The Singapore Airlines Group expects a “material” quarterly operating loss from the “severe impact” of the coronavirus outbreak, as it seeks to readjust aircraft deliveries and defer payments to its suppliers. However, it will still be in the black for the full financial year ended 31 March, thanks to “the ...
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NewsKorean Air to restart some international flights in June
Korean Air is reopening flights to international destinations in North America, Europe and Asia in June, as it prepares for Covid-19-related travel restrictions to ease. South Korea’s biggest airline said on May 7 that it will operate 32 of its 110 international routes in June, equivalent to 146 flights per ...
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NewsTrans-Tasman bubble efforts gather pace
A joint Australia-New Zealand business-led initiative has set up a new group to develop proposals for reopening the border between the two countries to drive travel as they recover from the Covid-19 crisis. Both Australia and New Zealand are currently closed to non-residents and anyone entering must undergo a 14-day ...
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AnalysisThe lessors exposed to Hainan Airlines’ financial woes
In April HSBC contended that the Chinese airline market was ripe for another round of consolidation, nearly 20 years after it saw a massive shake-up.