All Asia Pacific articles – Page 230
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NewsNok receives no objections to entering business rehabilitation
Nok Air looks set to be allowed to restructure under court supervision, after nobody raised objections during a court hearing today, according to a 27 October filing to the Stock Exchange of Thailand. The Thai budget carrier says the order on its business rehabilitation petition will be issued at 09:00 ...
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NewsAirline cash burn to continue throughout 2021: IATA
Airlines will struggle to cut unit costs sufficiently to prevent cash burn continuing throughout 2021, based on current demand assumptions, according to IATA.
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NewsFirst A321P2F enters service with Qantas
The first Airbus A321P2F converted freighter has entered service with launch customer Qantas, which will operate it under a partnership with Australia Post. Qantas will take up to three A321P2Fs, which it notes offers an additional 9t payload over the Boeing 737-300Fs it uses on domestic freight services. ...
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NewsBOC Aviation, Malaysia Airports challenge AirAsia X restructuring
Two of AirAsia X’s creditors – BOC Aviation and Malaysia Airports (Sepang) (MASSB) – have taken legal action to challenge its proposed debt restructuring, according to the airline group. AirAsia X was served on 15 October a sealed copy of BOC Aviation’s application in the High Court of Malaya, dated ...
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NewsANA Group plans new airline, big fleet cuts
The All Nippon Airways (ANA) Group will conduct a major revamp of its business model that involves launching a new airline brand and retiring far more aircraft than originally planned. The group will make these and other significant changes as part of its response to the coronavirus pandemic that has ...
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NewsANA swings to big first-half operating loss amid pandemic havoc
All Nippon Airways’ parent company ANA Holdings ended its first half of fiscal 2020 deep in the red, as it forecast a record full-year net loss of Y510 billion ($4.7 billion), citing a “significant decline” in passenger travel demand. The group also expects to book significant impairment losses – ...
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NewsMyanmar Airways International takes first E190
Myanmar Airways International (MAI) has taken delivery of its first of two Embraer E190s, which it will utilise on domestic routes. The aircraft, registered M-ABNH, arrived at Yangon on the morning of 26 October, having flown in from Guangzhou. The carrier signed a lease agreement with CDB Aviation in ...
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NewsRAAF F/A-18A ‘Classic’ Hornet makes final journey to museum
A Boeing F/A-18A ‘Classic’ Hornet formerly operated by the Royal Australian Air Force (RAAF) has made its way by road to the Australian War Memorial in Canberra.
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NewsCebu Pacific and SIAEC dismantle maintenance joint ventures
Cebu Pacific Air (CEB) and SIA Engineering are unwinding their partnership in both their joint venture MRO companies based in the Philippines. These are Aviation Partnership (Philippines) Corporation (APPC), 51% owned by SIAEC and 49% by CEB, and SIA Engineering Philippines Corporation (SIAEP), 65% owned by SIAEC and 35% by ...
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NewsChina to sanction Boeing Defense, Raytheon and Lockheed Martin over Taiwan weapons sale
China plans to sanction Boeing Defense, Raytheon and Lockheed Martin over a possible $1.8 billion Foreign Military Sales package for Taiwan.
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NewsANA signs SAF deal with Neste as Japan sets new climate goals
All Nippon Airways has signed a deal to procure sustainable aviation fuel (SAF) from Finland’s Neste, with the first flights using the fuel to take off from Japan this month. It comes as Japan’s new prime minister Yoshihide Suga brings forward climate targets, pledging today to achieve a carbon-neutral society ...
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NewsAirAsia Group secures loan for logistics pivot
Malaysia’s AirAsia Group has secured a MYR300 million ($72 million) loan from the Sabah Development Bank, mainly to enhance its logistics network within the state. “This loan is in line with AirAsia’s pivot into the digital business. The main purpose of the loan is to enhance logistics in Sabah by ...
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NewsHoneywell sees behaviour shift among Asia-Pacific airlines
Honeywell’s airline support business has observed significant changes among its Asia-Pacific customers as the effects of the coronavirus pandemic ripple through the industry. One major change relates to spare parts, with airlines electing to keep parts ‘on wing’ for longer, and showing greater openness to relying on used parts. ...
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NewsMalaysia Airports justifies AirAsia X lawsuit
Malaysia Airports (MAHB) has defended its decision to sue AirAsia X (AAX) for RM78.2 million ($19 million) in unpaid charges, stating that it is only defending its core interests. The airport operators’ defence follows a 24 October report in The Star newspaper, which suggested that the airport operator is seeking ...
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AnalysisDomestic travel green shoots in New Zealand, Australia
Air New Zealand is relaunching its mystery holiday packages, showing how domestic travel remains a key focus in the region while Covid-19 continues to decimate international travel. Domestic travel is virtually the only way airlines in the Asia-Pacific region can get passengers to board their aircraft these days. In both ...
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NewsMalaysia Airports sues AirAsia X for MYR78.2 million in unpaid charges
Malaysia Airports Holdings (MAHB) is claiming against AirAsia X MYR78.2 million ($19 million) in unpaid aeronautical charges. The operator group’s wholly owned subsidiary Malaysia Airports (Sepang) has filed a writ of summons and statement of claim in the Kuala Lumpur High court on 22 October, it says in a same-day ...
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NewsQantas eyes pivot to Asia destinations in Covid-19 recovery
Qantas is eyeing new international destinations and a larger share of Australia’s domestic market as it emerges from the Covid-19 crisis, company executives said today. The airline is keeping an eye on the potential for travel bubbles with parts of Asia, chairman Richard Goyder said at the flag carrier’s annual ...
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NewsMHI denies reports of SpaceJet development freeze
Mitsubishi Heavy Industries (MHI) has denied reports that it will freeze development of the Mitsubishi Aircraft SpaceJet, but is looking at “possibilities” for the regional jet programme. “MHI is continuing a detailed review of the schedule of the SpaceJet program, in view of the impact of COVID-19, and is moving ...
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NewsVirgin Australia board resigns en masse
Nine members of Virgin Australia’s board, including chairperson Elizabeth Bryan, have tendered or indicated their resignations, while the airline finalises a sale to Bain Capital. Bryan and five others – Trevor Bourne, Kenneth Dean, Allan Houston, Judith Swales, and Marvin Tan – have resigned as the company’s directors effective 20 ...
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NewsLion Air tries new approach with lessors
Lion Air has approached its lessors with an alternative proposal for their leased aircraft on the back of their feedback on its requests for by-the-hour arrangements, according to sources and an email seen by Cirium. The Indonesian carrier is proposing a four-part plan, involving the partial payment of rentals over ...