Asia Pacific – Page 271
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KAC to construct new Chinchero-Cuso international airport
Korea Airports Corporation (KAC) will undertake construction of a new international airport Chincero, Peru, in a government-to-government deal valued at $500 million.
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AVIC Aircraft Q3 profits soar despite lower revenue
AVIC Aircraft recorded a third-quarter operating profit of CNY130 million ($18.5 million), an increase of nearly 35% year-on-year.
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Singapore to use third runway during Changi East upgrading
Singapore's Changi Airport will switch to using its first and third runway from 25 October 2020, while shutting the second runway to facilitate infrastructure works.
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Hong Kong Airlines axes Los Angeles as it cuts operations by 6%
Hong Kong Airlines (HKA), which has recently been plagued by financial troubles, is trimming its operations by about 6%, following an intervention by the territory's civil aviation authorities.
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EHang readies $100m IPO on Nasdaq
Chinese electric vertical take-off and landing aircraft developer EHang is preparing to launch an initial public offering (IPO) on the Nasdaq stock exchange, offering $100 million in American Depositary Shares.
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India’s DGCA orders all A320neo PW engines replaced
Indian authorities have instructed the country's Airbus A320neo operators to replace the Pratt & Whitney PW1100G engines on the type with an upgraded version of the powerplant by the end of January 2020.
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Vietnam Airlines' nine-month results on target
Vietnam Airlines posted a consolidated pre-tax profit of D3.3 trillion ($143 million) for the first nine months of 2019, which it says is 97.9% of its full-year target.
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Singapore mandates unmanned aircraft registration
The Civil Aviation Authority of Singapore (CAAS) is implementing mandatory registration of all unmanned aircraft — such as drones — from next year.
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Cebu Pacific firms up A330-900 commitment
Cebu Pacific has firmed up its commitment to acquire 16 Airbus A330-900 aircraft, first made at the Paris air show in June.
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Garuda's nine-month result shows return to profitability
Garuda Indonesia posted an operating of $253 million for the first nine months of 2019, a significant turnaround from a $70.8 million operating loss in the year-ago period.
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JAL adds new routes in 2020
Japan Airlines (JAL) has announced the routes it will launch in 2020, covering flights within Asia-Pacific and to the United States.
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Loss-making Thai Airways' chairman quits
Thai Airways International's chairman has stepped down amid continuing pressure over the loss-making airline's financial performance.
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Thomas Cook shareholder Fosun picks up brand name
Leisure firm Thomas Cook's brand has been acquired by shareholder Fosun Tourism Group as part of an £11 million ($14 million) agreement to pick up assets from the collapsed company.
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SIA Engineering claims strong rise in quarterly profit
Singapore's SIA Engineering boosted operating profit 73% in its fiscal second quarter, to S$19.6 million ($14.4 million).
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Mitsubishi Heavy’s aviation unit turns profitable in first half
Mitsubishi Heavy Industries’ (MHI) aircraft, defence and space unit continued to remain in the black, posting a first-half operating profit of Y12.6 billion ($117 million).
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GMF AeroAsia’s nine-month profit tumbles 37%
Indonesian MRO firm GMF AeroAsia saw its nine-month profit nosedive, falling 37% to $24.5 million, as a result of higher operating expenses.
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VietJet to take 20 A321XLRs
VietJet Air is acquiring 20 Airbus A321XLR through a combination of a fresh order placement and converting part of its existing order backlog.
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Ameco obtains EASA approval for 747-8 D-checks
Chinese MRO firm Ameco will conduct the world’s first D-check on a passenger Boeing 747-8, after clinching approval from the European Union Aviation Safety Agency (EASA).
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Qantas grounds two more 737NGs found with cracks
Qantas has grounded two more Boeing 737-800s found to have structural cracks, a day after it removed one aircraft that was found to have a similar issue from service.
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Weak international demand hits JAL's first-half result
Japan Airlines' operating profit fell 16% to Y81.3 billion ($751 million) in the six months ended 30 September, amid weakness in its international business.