Asia Pacific – Page 285
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Passenger demand keeps Air China’s first half profit up
Air China’s operating profit rose 1.5% to CNY6.7 billion ($935 million) in the first half of 2019 as significant losses in the cargo segment dampened stonger healthy passenger demand.
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PICTURE: Second five-blade H145 prototype on maiden test flight
The second prototype of Airbus Helicopters’ five-bladed H145 variant embarked on its first test flight, as it makes progress in achieving type certification early next year.
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Depreciation costs drag AirAsia Q2 profit down 53%
Sharply higher depreciation resulting from its recent sale-and-leaseback activity saw AirAsia Group report a 53% slide in operating profit to MYR207 million ($49 million) for the second quarter.
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MAKS: Russian Helicopters in deals for Mi-8AMT, VRT500
Russian Helicopters has announced deals for 10 Mil Mi-8AMT and five VRT500 rotorcraft.
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Cathay defends firings, renews Air China pact
Cathay Pacific is “duty-bound” to comply with regulations from the countries it operates from, including having to submit the names of personnel lists for China-bound flights.
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MAKS: US sanctions make air forces wary of Russian jets
The USA’s Countering America’s Adversaries Through Sanctions Act (CAATSA) is making air forces wary of buying Russian aircraft and other weapons.
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Indonesia's Citilink returns to profit in first half
Garuda Indonesia's budget unit Citilink has posted an operating profit of $42.9 million for the first six months of 2019, turning around its $19.7 million loss for the same period last year.
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MAKS: CR929 programme moves to select suppliers
The CRAIC consortium for the CR929 widebody programme continues to work towards securing launch customers for the ambitious Sino-Russian widebody programme.
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NewsChina Southern first half profit rises 12%
China Southern Airlines saw an 11.8% increase in operating profits for the first half of the year to CNY5.23 billion ($730 million), on the back of better cost control.
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Creditors try again to woo new investors for Jet Airways
The resolution professional handling the insolvency of Jet Airways has again extended the expression of interest process in hopes of finding investors willing to revive the stricken carrier.
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Smith, Macarthur out as Virgin Australia rejigs executive team
Chief financial officer Geoff Smith and acting chief commercial officer Merren Macarthur will leave Virgin Australia before the end of the year as part of a restructure of its executive team.
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Virgin Australia to cut jobs as it turns in full-year loss
Virgin Australia will axe 750 jobs and seek other cost savings after reporting an underlying loss of A$75 million ($50.7 million) for the year to 30 June.
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Air China A330 suffers fire damage at Beijing Capital
One of Air China's Airbus A330-300s has suffered serious damage during a fire at Beijing Capital airport.
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AVIC Aircraft sees significant H1 profit increase
AVIC Aircraft saw operating profits for the first half of the year increase to CNY270 million ($37.7 million), a 54% increase compared to the same period last year.
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PICTURE: Qantas welcomes first 747-8F
Qantas Freight has welcomed the first of two Boeing 747-8 Freighters it has wet-leased from US cargo specialist Atlas Air.
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PICTURE: Indian Air Force takes final C-17 delivery
The Indian Air Force has received its 11th and final Boeing C-17 strategic airlifter, in the last delivery of the type.
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InterviewMyanmar Airways International looks northward
Myanmar has proven to be a turbulent market for airlines but Myanmar Airlines International (MAI) is planning for better days ahead.
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Airline BusinessHogg the fall guy as China shines spotlight on Cathay
Cathay Pacific’s chief executive Rupert Hogg resigned on 16 August after the airline had become a focus for mainland media and regulatory scrutiny amid pro-democracy protests in Hong Kong.
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Malindo Air names new chief executive
Malindo Air has named Mushafiz Mustafa Bakri its new chief executive, where he will succeed Chandran Rama Muthy on 23 September.
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Regional Express braces for turbulence as profit falls flat
Australian carrier Regional Express reported a flat full-year profit of A$25.2 million ($17 million) and expects it to fall by up to 20% in 2020 due to the slowing economic environment and weaker Australian dollar.