All Asia Pacific articles – Page 227
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NewsChinese carriers poised to recapture international travel market share: HSBC report
With many of their foreign competitors in the doldrums amid a pandemic-led downturn, China’s three largest carriers — having already experienced a steady domestic recovery — are well-placed to recapture market share in the international air travel market.
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NewsIHI sees profitable aftermarket for engine spares dry up
Japanese firm IHI continues to see weakness in its civil aircraft engines business owing to the coronavirus pandemic. “Sales of engines and spare parts in the civil aero engines business is greatly decreasing owing to the drastic decline in demand for aero transportation and the deterioration of business conditions for ...
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NewsBoeing buoyant about robust China market growth
Boeing estimates Chinese carriers to require 8,600 new aircraft — at a pricetag of over $1.4 trillion — over the next 20 years, underscoring the airframer’s optimism about what it deems a key market.
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NewsSpiceJet Q2 losses narrow on cargo revenue growth
A steady increase in cargo revenue helped Indian low-cost carrier SpiceJet narrow its quarterly operating loss, even as passenger travel demand remains in the doldrums amid the coronavirus pandemic.
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NewsSMBC Aviation Capital sues Garuda over unpaid rent
SMBC Aviation Capital has joined the list of lessors that are suing Garuda Indonesia over unpaid aircraft lease rentals.
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AnalysisHong Kong’s cautious approach to travel bubbles
Hong Kong’s government will take a safety-first approach when its travel bubble with Singapore launches on 22 November, and the launching of further bubbles with other countries or regions will come with strict anti-Covid-19 preconditions. “It takes two to tango,” the city’s secretary for commerce and economic development Edward Yau ...
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NewsRevenue collapse widens Cebu Pacific third-quarter loss
Cebu Pacific continued its loss-making streak for the third quarter this year, as it widened its operating losses on the back of a steep revenue decline. For the quarter ended 30 September, the Philippine low-cost carrier and its subsidiaries reported an operating loss of Ps6.7 billion ($139 million), reversing ...
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NewsSingapore, Hong Kong travel bubble begins 22 November
The air travel bubble between Singapore and Hong Kong — the first such arrangement for both cities — will commence on 22 November, allowing for all forms of travel without having to undergo a 14-day quarantine. Outlining further details on the travel arrangements, the Civil Aviation Authority of Singapore ...
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NewsComac delivers first ARJ21 to China Express
China Express Airlines has become the country’s seventh operator of the Comac ARJ21 regional aircraft, after taking delivery of its first example.
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NewsGAMECO completes first 737-800 freighter conversion
Chinese MRO GAMECO has completed its first Boeing 737-800 passenger-to-freighter conversion, nearly half a year since it launched the programme. The first aircraft, a former AeroMexico example registered N520AM, was inducted into the Boeing Converted Freighter (BCF) line in Guangzhou in late May. GAMECO completes first Boeing 737-800 passenger ...
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NewsManila receives first five S-70i Black Hawks
Five new Sikorsky S-70i Black Hawk Helicopters have arrived in the Philippines, the first batch of a 16-rotorcraft order.
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NewsCFM picks up Leap orders, maintenance work with Chinese carriers
CFM International has inked long-term contracts with China Eastern Airlines and Zhejiang Loong Air for the maintenance of Leap-1A engines on their Airbus A320neo aircraft. The enginemaker, a joint venture between France’s Safran and GE Aviation, signed a 12-year, rate-per-flight-hour agreement with both carriers, which will see it base maintenance ...
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NewsChina surpassing Russia in airpower technology: RUSI
The Royal United Services Institute (RUSI) has concluded that China is well on its way to eclipsing Russia in the field of combat aircraft. In a recent report, the UK-based think tank contends that Russia and China are on different trajectories in combat aircraft development, with China taking a clear ...
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OpinionPositive vaccine news comes just as airline industry needed it the most
Carriers in the northern hemisphere are heading into a winter season that is likely to be bleaker than even their worst pre-pandemic nightmares could have imagined.
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NewsGaruda sees quarterly losses narrow on revenue uptick
Garuda Indonesia trimmed its quarterly losses — led by a modest uptick in revenue — as it saw some degree of domestic recovery amid the coronavirus crisis. Releasing its results for the quarter ended 30 September, the Indonesian flag carrier posted an operating loss of $346 million, reversing the $171 ...
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NewsSIA edges capacity up as brutal 2020 nears end
Singapore Airlines (SIA) Group passenger capacity continues to rise as 2020 draws to a close, with the airline basing a fuel hedging metric on the assumption it will operate nearly 50% of pre-pandemic capacity by the end of 2021. In December 2020, the Group expects to operate 16% of pre-coronavirus ...
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NewsSIA converts two 777-300ERs into temporary freighters
Singapore Airlines has modified two Boeing 777-300ERs to carry cargo in the passenger cabins, tapping into freight as an alternative revenue stream as it copes with depressed passenger demand from the coronavirus crisis. The carrier states that the first of the two converted aircraft took off on 5 November, ...
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NewsSIA seals Airbus deferrals, Boeing negotiations reach ‘advanced stage’
Singapore Airlines Group has confirmed that its outstanding Airbus aircraft on order have been deferred and that it is close to concluding similar talks with Boeing. In today disclosing record half year losses amid the coronavirus crisis, SIA Group states that it has “concluded negotiations with Airbus on a revised ...
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NewsSteep impairment costs drag SIA to record S$3.5 billion net loss for half year
Singapore Airlines Group took on a hefty impairment charge of S$1.33 billion ($987 million) from the early retirement of 26 older aircraft — including seven Airbus A380s — which led to a record net loss in its half-yearly earnings. The group says that the 26 aircraft were “deemed surplus to ...
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Airline BusinessOnce prolific operators, Japanese majors bid sayonara to venerable 777 ‘Classics’
Once profilic operators of the Boeing 777, Japan Airlines and All Nippon Airways have recently announced that they will cut their 777 fleets by significant numbers. While not entirely a surprise given the state of the aviation industry, this marks the passing of an era for Japanese carriers, which have been intimately entwined with programme from its infancy decades ago.