Asia Pacific – Page 66
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NewsMitsubishi Heavy eyes revenue uplift from engines business
Mitsubishi Heavy Industries (MHI) expects its aero engines business to surpass pre-pandemic revenue in the year ended 31 March, amid an uptick of MRO demand.
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NewsGlobal passenger traffic in February hit 85% of pre-pandemic levels: IATA
Global airline passenger traffic in February was significantly higher year-on-year amid “continued strong growth in travel demand” – particularly in the Asia-Pacific region – but still lagged pre-pandemic levels.
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NewsRNZAF P-8As deploy to Fiji, Australia pending service entry
The Royal New Zealand Air Force (RNZAF) is readying for the start of Boeing P-8A Poseidon operations, with an aircraft deployed to Fiji and the service also co-operating with the Royal Australian Air Force (RAAF).
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NewsAir Vanuatu’s sole 737 grounded with no spare parts, following mechanical issues
Air Vanuatu has cancelled flights to Australia and New Zealand after mechanical issues forced the grounding of its sole Boeing 737-800.
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NewsSpiceJet hives off its air cargo business
Indian low-cost carrier SpiceJet has finally spun off its SpiceXpress freighter business as it looks to grow the company.
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Airline Business‘Low cost is still our core’: Scoot chief looks beyond recovery
As low-cost carrier Scoot approaches full recovery, chief executive Leslie Thng says the airline wants to be the region’s leading operator, not the largest
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NewsIndia conducts runway landing test of reusable spacecraft
The Indian Space Research Organisation (ISRO) has successfully conducted a runway test landing of a developmental reusable spacecraft.
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NewsDomestic recovery to push China’s ‘Big Three’ back into black: HSBC
China’s three largest carriers are expected to have a “profitable recovery” in 2023, amid tightening yields and “aggressive” capacity expansion, according to analysts from HSBC Global Research.
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NewsSIA cargo head to lead SIA Engineering
The SIA Group has announced two senior management changes, including the designation of a new chief executive officer for SIA Engineering Company (SIAEC).
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NewsASL expands into Australia with acquisition of Pionair
Irish-based operator ASL Aviation Holdings has acquired the Australian charter and wet-lease carrier Pionair, which will be rebranded to align with other ASL airlines. The operation, which will become ASL Airlines Australia, has 12 aircraft including Embraer 190-E2 twinjets and BAE Systems Avro models. But the parent company expects to ...
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NewsIndonesian cargo start-up Raindo to lease 737-800 freighters
Indonesian start-up cargo operator Raindo United Services is to lease a pair of Boeing 737-800 converted freighters to conduct flights. The aircraft will be leased through AerCap, the Irish lessor states. AerCap adds that the initial aircraft will be converted at Boeing Shanghai Aviation Services, while a second will undergo ...
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NewsIHI develops 250kW electric aircraft motor prototype
Japan’s IHI and local collaborators have created a prototype 250kW electric motor for aircraft use.
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NewsPNG probes Air Niugini Fokker 70 pressurisation event
Investigators in Papua New Guinea are probing a serious inflight pressurisation event involving an Air Niugini Fokker 70.
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NewsHAL generates record revenues in latest financial year
Indian airframer Hindustan Aeronautics (HAL) generated record revenue in its 2022-23 financial year, as the company enjoyed strong order flow.
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NewsSIAEC signs S$121 million services agreement with Scoot
SIA Engineering has signed a two-year comprehensive services agreement worth close to S$121 million ($90.7 million) with low-cost operator Scoot.
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Airline BusinessAirline Business performance tracker: Asia-Pacific Q4 2022
Key data from the most-recent Asia-Pacific earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsPAL enjoys profitable 2022 on back of post-pandemic boom
Philippine Airlines (PAL) swung to an operating profit of $298 million in 2022, the first positive operating figure since 2019.
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NewsChina’s ‘Big Three’ post record full-year losses amid ‘unprecedented difficulties’
China’s three largest airlines plunged to record losses in 2022, a year that was marked by “unprecedented difficulties” as the country’s ‘zero Covid’ policy came to head with a spike in infections.
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NewsBullish Bonza opens new Melbourne base, eyes network expansion
Australian low-cost start-up Bonza has opened a second operations base in Melbourne - two months after it commenced operations - as it rolls out 11 new routes from the city.
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NewsChina Eastern, China Southern to resume 737 Max deliveries
Two of China’s three largest airlines are set to restart deliveries of Boeing 737 Max aircraft this year, a move that provides some clarity about the fate of the type in one of Boeing’s key markets.