Asia Pacific – Page 252
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NewsVistara receives first Boeing 787
India’s Vistara has taken delivery of the first widebody aircraft in its fleet, a Boeing 787-9. The GEnx-1B powered aircraft, registered VT-TSD, is the first of six 787s that Vistara has on order. Vistara takes first Boeing 787-9 The carrier, a joint venture ...
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NewsJeju Air closes Eastar Jet acquisition for $46 million cash
South Korea’s Jeju Air will acquire a majority stake in compatriot Eastar Jet as planned for a W54.5 billion ($45.8 million) cash consideration. The amount is lower than the W69.5 billion previously announced. W11.95 billion of the acquisition price has already been paid as down payment for the stock sale ...
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NewsThai Airways 2019 losses widen despite increased traffic
Thai Airways International’s losses widened by Bt3.4 billion ($109 million) to Bt12.4 billion in 2019, as revenues fell despite increased passenger numbers. Operating revenue declined by 7.7% to Bt184 billion, as passenger revenue fell 7% to Bt149 billion while the cargo segment plunged 20.4% to Bt17.8 billion. Among the factors ...
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NewsAir Macau exercises option for A320neo from CALC
Air Macau has exercised the option to purchase one Airbus A320neo from Hong Kong-based lessor China Aircraft Leasing (CALC). The flag carrier was granted the option on 11 March 2019 to buy one A320neo that it was set to take on operating lease from CALC by the end of 2019. ...
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NewsLion Air delaying decision on IPO
Indonesia’s Lion Air Group has put on hold plans for an initial public offering, a source tells Cirium. The company was expected to make the call at the end of February, but the person says some investors have been reluctant to hold face-to-face meetings amid the coronavirus outbreak. Moreover, it ...
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NewsUnited’s capacity reduction in Asia extends beyond China
United Airlines has suspended some of its flights to Tokyo, Osaka, Singapore and Seoul and extended its flight cancellations to mainland China and Hong Kong through 30 April. The Chicago-based airline has cancelled flights from Los Angeles and Houston to Tokyo Narita between 8 March and 24 April, and flights ...
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NewsBangkok Airways consortium ‘best’ bidder for U-Tapao hub project
A three-party consortium that includes Bangkok Airways has emerged as the bidder that made “the best offer” to develop an aviation hub at Thai airport U-Tapao International. Along with with BTS Group and Sino-Thai Engineering & Construction, the carrier submitted a joint bid for the “U-Tapao International Airport and Eastern ...
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NewsBangkok Airways’ 2019 profit up despite dip in passenger revenue
Bangkok Airways boosted operating profit 18% to Bt1.68 billion ($53.2 million) last year, despite a decline in revenue from the passenger segment. Revenue rose 2.4% to Bt28.6 billion. However, passenger revenue fell 6.9% to nearly Bt18.9 billion, which the carrier attributed to a strengthening of the Thai baht against major ...
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NewsAirAsia X to renegotiate aircraft leases, defer A330neos
AirAsia X will ask lessors for lease reductions across its entire fleet as the coronavirus crisis puts a strain on its business. The Malaysian low-cost long-haul carrier has targeted a 30% lease reduction and plans to renegotiate maintenance reserves. It is also seeking the early return of five leased aircraft ...
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NewsAirAsia X cuts 2019 loss despite revenue decline
AirAsia X narrowed its operating loss to MYR90.1 million ($21.3 million), despite a decline in passenger numbers which affected its total revenue. The loss posted in 2019 is an improvement to the MYR204 million loss made in 2018. Revenue for the year ended 31 December 2019 declined 4% to MYR4.4 ...
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NewsUK and Australia open F-35 reprogramming lab in USA
The UK and Australia have opened a joint facility related to the Lockheed Martin F-35 at Eglin AFB, Florida. The “Reprogramming Laboratory” produces mission data files that include details about the operating environment and assets in an area, which are then loaded onto aircraft using a portable hard drive. “Combined ...
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NewsNok Air optimised fleet and narrowed 2019 losses
Nok Air saw efficiency gains from implementing a turnaround programme last year and narrowed financial losses, but ended 2019 in a weaker cash position. The Thai low-cost carrier says it is expanding route and flight network, aircraft utilisation rate and “efficiency in business operation”, while reducing its fleet will allow ...
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NewsATSB issues preliminary report on C-130 firefighting crash
The Australian Transport Safety Bureau (ATSB) has released its preliminary report into the fatal crash of a Lockheed Martin EC-130Q during firefighting operations. The crash occurred at 13:16 local time on 23 January near Peak View, New South Wales, killing all three crew members. The aircraft involved was operated by ...
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NewsAirAsia slips to full-year loss
AirAsia Group has reported a full-year net loss of MYR286 million ($67.9 million) for 2019, after a MYR1.7 billion net profit the previous year. The airline group says the negative result was due partly to “accounting treatment” associated with its move from owning to leasing aircraft, and partly to losses ...
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NewsTanker variant of China’s Y-20 set to emerge: report
New variants of the Xian Y-20 strategic transport look set to make their public debut, as the four-engined type assists relief operations related to the Coronavirus outbreak in the city of Wuhan. In addition to the transport variant, a tanker variant and an airborne early warning (AEW) variant are planned, ...
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NewsHawaiian Airlines suspends flights to South Korea
Hawaiian Airlines says it is suspending flights to Seoul Incheon International airport in South Korea, becoming the second US carrier to stop flying to the country since the outbreak of the coronavirus, also known as COVID-19, several weeks ago.
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NewsThai AirAsia parent slips to loss in 2019
Thai AirAsia’s parent company posted an operating loss of Bt100 million ($3.14 million) for the whole of 2019, as costs outpaced revenues. This contrasts with a Bt660 million operating profit in 2018. Asia Aviation’s revenue for the year ended 31 December 2019 rose 3% to Bt41.6 billion. The company attributed ...
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NewsKorean Air flight attendant tests positive for coronavirus
A Korean Air flight attendant has emerged as the first instance of a cabin crew member testing positive for the coronavirus since it first broke out of the Wuhan city epicentre in January. Citing information from the Korea Centers for Disease Control and Prevention (KCDC), the carrier states that the ...
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NewsCALC buys three 737-800s from aircraft recycling subsidiary
China Aircraft Leasing has agreed to acquire three 2014-vintage Boeing 737-800s from the affiliated Aircraft Recycling International before leasing them to an unnamed Chinese airline. “Based on the rolling encumbered valuation of the aircraft (obtained from two independent appraisers), the consideration payable by the company to ARI represents a discount ...
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NewsMalaysia Airlines and Revima in landing gear MRO partnership
Malaysia Airlines will partner with MRO firm Revima to provide landing gear services to third-party customers. This means that Malaysia Airlines will be able to service Revima customers at its Kuala Lumpur maintenance facilities. Revima, in turn, will support landing gear overhauls for Malaysia Airlines’ customers at any one its ...