All Asia Pacific articles – Page 209
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NewsCALC expects 2020 profit to be nearly two-thirds down on 2019
China Aircraft Leasing (CALC) expects its net profit attributable to shareholders for 2020 to be down 60-65% on 2019 due to a loss on an investment in an Indonesian airline as well as an exchange-rate loss.
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NewsChina's CAAC yet to approve test flights for 737 Max return-to-service
China’s civil aviation regulator is discussing with Boeing a restoration plan for 737 Max services, but is yet to be satisfied to the extent necessary to advance the type’s return to operation. The Civil Aviation Administration of China’s deputy director, Dong Zhiyi, disclosed the state of progress during a State ...
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NewsChina Eastern firms orders for five C919s, eyes service launch
China Eastern Airlines has firmed up orders for five Comac C919s, with the first example reported to arrive within the year and start operating major domestic trunk routes.
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NewsSIA Cargo 747-400F suffers puncture damage near undercarriage
A Singapore Airlines freighter has completed repairs in Brussels after punctures were discovered near the aircraft’s undercarriage.
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NewsRex launches 737 services, warns of tough months ahead
Australia’s Regional Express (Rex) has commenced narrowbody operations in Australia, as it warns of continued challenges in the country’s airline market.
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NewsAirAsia X continues loss-making streak amid grounding, restructuring
Beleaguered AirAsia X stayed in the red at the operational level, despite narrowing its losses on a quarter-to-quarter basis.
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NewsBetter use of space assets eyed for Asia-Pacific ATM
Singapore is conducting work related to how space-based technology can improve air traffic management (ATM), while IATA is working to improve traffic flows during the pandemic.
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NewsFinal lessor creditor agrees to Malaysia Airlines’ restructuring
The final lessor creditor under Malaysia Airlines’ scheme of arrangement has given consent to that scheme as well as the carrier’s wider restructuring after previously facing challenges getting approval from its financiers. Justice Richard Snowdon, a judge at the High Court of England and Wales, said in a judgement dated ...
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NewsBangkok Airways posts 69% decline in full-year operating revenue
Bangkok Airways’ losses widened in 2020, as it reports a 69% decline in operating revenue to Bt7.95 billion ($262 million) for the year. Revenue from its airline business, which accounted for 55% of the company’s total revenue in 2020 versus 67% in 2019, was down 70% year-on-year to Bt5.64 billion ...
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NewsKelley Aerospace unveils supersonic combat drone concept
Singapore-based aerospace company Kelley Aerospace has officially launched its supersonic unmanned combat air vehicle (UCAV) concept, and has reportedly secured over 100 orders from undisclosed customers.
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NewsAustralian competition watchdog re-authorises American, Qantas joint venture
The Australian Competition & Consumer Commission (ACCC) will re-authorise the joint venture between Qantas Airways and American Airlines across the Pacific.
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NewsAustralia first in Asia-Pacific to lift 737 Max grounding
Australia has become the first country in the Asia-Pacific to lift a ban on Boeing 737 Max flights to and from the country.
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NewsThai Airways to sell 10 747-400s as part of rehabilitation plan
Thai Airways International intends to put 10 Boeing 747-400s up for sale as part of its rehabilitation plan and has issued a request for proposals (RFP) to assess interest from buyers.
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NewsHK businessman becomes substantial shareholder of AirAsia Group
AirAsia Group has disclosed that existing shareholder Stanley Choi Chiu Fai is now a substantial shareholder, having acquired a chunk of new shares offered in the first tranche of the company’s private placement.
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NewsThai Airways plunges to record full-year net loss; faces possible delisting
Thai Airways reported its worst-ever full-year net loss — dragged down by significant one-time costs — as it faces possible delisting from the Stock Exchange of Thailand (SET) because of negative equity.
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NewsAir New Zealand mulls ‘opportunities to adjust’ widebody fleet amid half-year loss
Air New Zealand will take no new aircraft before June as it eyes “opportunities to adjust” its future widebody fleet, including reducing the number of Boeing 777-300ERs and delaying 787 deliveries.
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NewsBoeing bullish on growth in Southeast Asia, including 737 Max prospects
While Boeing will “continue to defer” to civil aviation regulators in Southeast Asia for the recertification and return to service of the 737 Max, it remains optimistic about the narrowbody’s long-term demand.
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NewsAirAsia Japan closure has cost group $80 million so far
AirAsia Japan’s closure has cost the Malaysia-based AirAsia Group nearly $80 million over three quarters.
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NewsQantas delays international network restart to end-October
Qantas expects to gradually resume regular international passenger flights by the end of October — about four months later than it had previously projected.
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NewsQantas swings to massive interim loss amid Covid-19 crisis
Qantas swung to an underlying loss before tax of A$1.03 billion for the six months ended 31 December 2020, as the carrier continued to suffer from the collapse in air traffic amid the coronavirus pandemic.