All Asia Pacific articles – Page 215
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NewsGaruda Indonesia details $580 million government funding
Garuda Indonesia has disclosed details of Rp8.5 trillion ($580 million) in government funding approved by parliament in July. This will take the form of a seven-year unsecured bond that will be converted to new shares at maturity. Source: Airbus Garuda Indonesia says government funding is necessary for ...
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NewsAmedeo sees mixed fortunes from Thai and Emirates
Lessor Amedeo has reported mixed fortunes regarding two of its major lessees, Thai Airways International and Emirates, with one airline paying steady rentals and even operating some of its aircraft, while the other remains grounded and makes little to no rental payments. The insight derives from public disclosures from the ...
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AnalysisAsian airframers tread diverging paths through the crisis
The coronavirus outbreak, which upended nearly everything in the aerospace industry, has fuelled the diverging trajectory Asian airframers Comac and Mitsubishi Aircraft are taking.
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NewsQantas and Jetstar resume trans-Tasman flights
Australian carriers have resumed flights to New Zealand, under the one-way safe travel zone established between the two countries. Qantas and subsidiary Jetstar today operated their first flights between Sydney and Auckland under the scheme, which allows eligible passengers to travel from New Zealand and without needing to quarantine upon ...
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NewsHong Kong extends waiver on airport fees until year-end
Hong Kong has extended a relief package for the aviation sector for a further two months until the end of 2020. Airport Authority Hong Kong (AA) says it made the move “in response to the ongoing challenges arising from the Covid-19 pandemic”. Source: Mary416/Shutterstock Parked aircraft in Hong ...
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NewsFirefly reverts to jet operations amid broad restructuring
Malaysian regional carrier Firefly – most recently the subject of speculation that it might become the country’s flag carrier – will commence jet operations from next year, reverting to an earlier plan which was eventually shelved. Announcing the move, parent company Malaysia Airlines says the carrier will add up ...
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Airline BusinessAsia-Pacific ‘travel bubbles’ fail to inflate
Despite government talk about “travel bubbles,” “green lanes” and the like, the Asia-Pacific’s biggest international air travel markets remain a long way from anything approaching normalcy. While domestic travel is picking up strongly in markets such as China and Vietnam, international travel still remains largely grounded. Three major country pairings ...
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Airline BusinessHow domestic capacity return varies across key markets
Domestic markets have been a salvation for many airlines as the global pandemic continues to batter international travel.
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NewsPhilippines takes formal delivery of six Super Tucanos
The Philippine air force has taken delivery of six Embraer A-29 Super Tucano close air support aircraft, and could be eyeing an additional six examples. All six aircraft were handed over on 14 October at Clark air base, says Embraer. The first four of these had arrived in the Philippines ...
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NewsHong Kong and Singapore agree to set up travel bubble
Hong Kong and Singapore have reached an in-principle agreement on an air travel bubble to help boost traffic between the two aviation hubs, ministers said today. Under the plans, travellers will be required to return a negative Covid-19 polymerase chain reaction (PCR) test and will not be subject to any ...
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NewsAir New Zealand outlines ‘safe travel zone’ ops to Australia
Air New Zealand has outlined its operations under a bilateral “safe travel zone” arrangement that allows one-way quarantine-free travel from New Zealand to Australia, starting 16 October. The carrier currently operates eight return flights between Auckland and Sydney each week, and is looking to operate six of these as quarantine-free ...
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NewsKhazanah banking on Firefly if MAB restructuring fails: report
Malaysia’s regional turboprop operator Firefly could replace its parent as national carrier should Malaysia Airlines fail to reach an agreement with creditors on restructuring plans, the managing director of the country’s sovereign wealth fund Khazanah Nasional has said. “Among the alternative options that can be considered is [that] Khazanah is ...
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NewsJayne Hrdlicka to replace Scurrah as Virgin Australia boss
Virgin Australia chief executive Paul Scurrah will step down from his position following the conclusion of the airline’s sale to Bain Capital. “Over the last 18 months, I have had the great privilege of being the CEO and Managing Director of the Virgin Australia Group,” he says. Source: ...
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NewsVaccine key to full travel recovery: Singapore transport minister
Singapore Transport Minister Ong Ye Kung has offered a cautious outlook for air travel amid the coronavirus pandemic. In an interview with Bloomberg television, Ong described the tradeoff leaders faced in March, when covid-19 was less understood and there was a shortage of testing capacity. Source: Greg Waldron ...
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NewsEastar Jet seeks new buyer with job cuts, restructuring: reports
South Korea’s Eastar Jet is going ahead with plans to cut 605 jobs as part of its efforts to attract a new investor, according to local media reports. Further job cuts are expected following additional restructuring measures, broadcaster KBS World reported on 13 October. Source: Wikimedia Commons An ...
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InterviewMRO Japan taps domestic market for growth amid pandemic
Travel restrictions stemming from the coronavirus pandemic may have crimped international travel, but for one Japanese MRO company, it has presented an opportunity to look inward. MRO Japan, an All Nippon Airways joint venture based on Okinawa island, had intended to begin line maintenance services to carriers from Asian ...
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NewsVietnam Airlines warns of big loss for first nine months of 2020
Vietnam Airlines has warned of a consolidated loss of D10.8 trillion ($464 million) in the first nine months of 2020, as the coronavirus pandemic takes its toll on operations. The company adds that it expects consolidated revenues of D23.9 trillion for the first nine months of the year, a quarter ...
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NewsRotorcraft Asia postponed three months to mid-2021
The organiser of Singapore’s biennial Rotorcraft Asia and Unmanned Systems Asia (RCA-UMSA) event have postponed the show three months to 27-29 July 2021. The show, co-located at Changi Exhibition Centre with the Imdex naval show, had originally been planned for 30 March to 1 April 2021. Source: Greg ...
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NewsChina Southern prices CNY16 billion convertible bond
China Southern Airlines has announced pricing of an upcoming convertible bond issue that is set to raise CNY16 billion ($2.4 billion) for the carrier. The bonds, convertible to mainland China-listed A-shares, will bear 0.2% interest in the first year, 0.4% in the second year, 0.6% in the third year, 0.8% ...