All Asia Pacific articles – Page 204
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NewsPandemic pushes China’s ‘Big Three’ into big full-year losses
China’s three largest carriers swung deeply into the red in 2020, despite a domestic air travel recovery, as the “unprecedented impact” of the coronavirus outbreak punished their profitability.
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NewsCebu Pacific swings to massive operating loss in 2020
Philippine low-cost carrier Cebu Pacific Air swung to an operating loss of Ps20.8 billion ($428 million) for 2020 amid the impact of the coronavirus pandemic.
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NewsJapanese coast guard orders two additional H225s
The Japan Coast Guard has ordered two additional H225s, to be used for search and rescue (SAR) and other missions.
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NewsKorean Air floats 2024 for finalisation of Asiana acquisition
Korean Air estimates that “all aspects” of its acquisition of Asiana Airlines will be finalised by 2024, as the flag carrier has “readjusted” its timeline for international regulatory approvals.
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Airline BusinessAirAsia ups 2021 fleet plan as it eyes vaccine rollouts
The AirAsia Group has revised its fleet plan for 2021 upwards, expecting to operate 231 aircraft by December 2021, compared to its previous forecast of 221.
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NewsHainan’s creditors seek to claw back more CNY200 billion
More than 1,500 creditors are hoping to claim more than CNY201 billion ($36 billion) from Hainan Airlines, the embattled flagship airline unit of China’s HNA Group, as a creditors’ meeting draws nearer.
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NewsWisk to begin eVTOL programme in New Zealand this year
Urban air mobility developer Wisk will later this year kick off a trial programme in New Zealand that is eventually intended to involve passenger flights on the company’s autonomous electric aircraft, Cora.
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NewsAirAsia sees recovery signs ahead after heavy 2020 loss
Low-cost carrier group AirAsia posted a net loss of MYR5.9 billion for 2020 as revenue slumped 74% and it was hammered by one-off costs during the pandemic-hit year.
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AnalysisFrom record profits to Covid-19 devastation, de Juniac saw it all as IATA chief
In 2016, Alexandre de Juniac brought his French government and airline industry experience to a role that required diplomacy and a steady hand on the tiller. From 2020 onwards, unprecedented crisis-management skills were the order of the day.
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NewsH225M delivery kicks off Singapore rotorcraft update
Singapore has taken delivery of its first Airbus Helicopters H225M, which will replace the Republic of Singapore Air Force’s (RSAF’s) AS332 Super Pumas.
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NewsThai eyes profitability from 2023, as potential delisting looms
Embattled Thai Airways has disclosed that it expects to become profitable again from 2023 and return to positive equity by 2030.
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NewsChinese airlines up domestic capacity from March-October
Chinese carriers will increase their domestic capacity for the summer and autumn schedules, by mounting extra flights and unveiling new domestic routes.
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NewsLessor CDB Aviation cancels 20 737 Max orders
Lessor CDB Aviation has terminated the purchase and delivery of 20 undelivered 737 Max aircraft from Boeing.
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NewsCivil aviation minister forecasts bleak 2020 results for Air India
Air India is forecast to widen its full-year net loss to Rs97.8 billion ($1.35 billion), even as the Indian government reiterated its support for the long-drawn divestment of the national carrier.
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NewsAAPA reports dismal February for international traffic
International air travel in the Asia-Pacific region remains extremely weak, although air cargo continues to prosper, says the Association of Asia Pacific Airlines (AAPA).
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Airline BusinessSecond time lucky? Asia-Pacific countries flirt with travel bubbles - again
A year since the coronavirus pandemic turned the aviation industry on its head, the drumbeat of establishing travel bubbles is picking up again. After several botched attempts at creating travel bubbles, will the latest attempts — now running alongside a vaccination rollout — finally succeed?
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NewsThai Airways challenges lessors’ future rental claims
Thai Airways International is challenging lessors’ claims for future rentals agreed under long-term lease agreements, according to a lawyer acting for some of the airline’s creditors.
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NewsLessor CALC axes 26 737 Max jets from orderbook
Lessor China Aircraft Leasing (CALC) has cut its orders for the Boeing 737 Max to 66 aircraft from 92 previously. In addition to cutting 26 orders for the Max, it will also “reschedule the delivery of certain aircraft,” says the company in a stock exchange statement. Source: BlueBarron ...
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NewsCambodian firm orders country's first Bell 429
The Bell 429 has secured its first order in Cambodia, with the country’s Chip Mong Group placing an order for one example.
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NewsAirports body predicts travel surge but warns of $94bn revenue loss in 2021
Airports industry body ACI World expects a “surge” in travel demand during the second half of 2021, but that global passenger numbers will still be down some 47.5% for the full year compared with pre-Covid levels.