All Asia Pacific articles – Page 224
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NewsSydney Airport rejects consortium’s revised takeover bid
The operator of Sydney Airport has rejected — for a second time — an acquisition attempt by a group of infrastructure investors, reiterating that the deal “undervalues” its operations and “is not in the best interests” of its shareholders.
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NewsHSBC raises Chinese ‘Big Three’ loss forecast
HSBC has widened its loss estimates for China’s three largest state-owned carriers, while forecasting a full domestic travel recovery by 2023.
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NewsKabul airport occupied by panicked civilians
The civilian section of Kabul’s Hamid Karzai International Airport has been overrun by panicked Afghans, desperate to flee the country after the fall of the capital to Taliban militants.
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NewsForgotten screwdriver tip caused Jetstar A320 engine failure: ATSB
The Australian Transport Safety Bureau (ATSB) has highlighted the danger of foreign object debris (FOD) after a screwdriver tip damaged the engine of Jetstar Airways Airbus A320.
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NewsThai Airways narrows H1 operating loss; revenue down 75%
Thai Airways swung to a net profit — and narrowed its half-yearly operating loss — as cost-cutting measures appear to bear some fruit.
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NewsJeju Air to raise $180 million via share issue
Jeju Air aims to raise nearly W210 billion ($180 million) from an equity raise.
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NewsRex furloughs 500 staff amid prolonged domestic lockdowns
Australia’s Regional Express has stood down 500 staff members for nearly a month, as domestic lockdowns — meant to contain the spread of the coronavirus — show no sign of letting up.
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NewsThai AirAsia parent widens second-quarter operating loss
Thai AirAsia parent company Asia Aviation widened its second-quarter operating loss — with revenue decline outpacing cost reduction efforts — as the low-cost carrier eyes alternative revenue streams in e-commerce and cargo.
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NewsSpiceJet Q1 losses widen amid India’s second Covid-19 wave
Indian carrier SpiceJet saw its net loss for the first quarter of its 2022 financial year widen to INR7.29 billion, compared with INR 5.9 billion a year earlier.
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NewsCathay expects demand boost following traffic improvement in July
Cathay Pacific has reported “improvements” in passenger travel demand in July — despite seeing a slight dip in capacity for the month — as it anticipates a further boost to demand in August and September.
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NewsKorean Air’s operating profit rises on record cargo performance
Korean Air lifted its second quarter operating profit 31% to W197 billion ($174) million on the back of a record performance from its cargo business.
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NewsBangkok Airways narrows losses in challenging second quarter
Bangkok Airways narrowed its second quarter operating loss to Bt493 million ($14.8 million) from Bt2.7 billion a year earlier, as it continued to suffer from the collapse of Thailand’s tourism market amid the coronavirus pandemic.
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NewsAir New Zealand defers equity raise to first quarter of 2022
Air New Zealand will defer a planned equity raise to at least the first quarter of 2022, in accordance with New Zealand’s latest action plan for a phased reopening.
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NewsTokyo cuts LRASM weapon from F-15J upgrade programme on cost fears
Japan’s defence ministry has confirmed that an upgrade programme for 70 Boeing F-15Js will no longer include Lockheed Martin’s Long Range Anti-Ship Missile (LRASM) due to cost and schedule concerns.
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NewsST Engineering’s Commercial Aerospace unit reports S$89.7m H1 profit
ST Engineering’s Commercial Aerospace segment has reported an operating profit of S$89.7 million ($66 million) for the first half of 2021.
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NewsCovid-19 creates vexing planning environment: Cathay chairman
Cathay Pacific Group chairman Patrick Healy has highlighted the difficulties the coronavirus pandemic poses for planning airline operations.
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NewsIHI sees glimmers of hope in civil aircraft engine business
Japan’s IHI sees signs of recovery in its civil aircraft engines business, but warns of continued impact of coronavirus pandemic.
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NewsJakarta reaffirms interest in KF-21/IF-X; engineers returning to Korea
Indonesian aerospace engineers will return to South Korea to continue work on the Korea Aerospace Industries (KAI) KF-21/IF-X, underlining Jakarta’s continued support of the programme.
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NewsCebu Pacific suffers another tough quarter amid Covid-19
Cebu Pacific Air narrowed its second quarter operating loss to P5.8 billion ($115 million), with revenue more than doubling to P3.2 billion from a year earlier.
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NewsRoyal Brunei Airlines cuts July-October schedule amid outbreak
Royal Brunei Airlines will reduce flight operations to a few direct services between July and October, amid a new wave of Covid-19 infections.