All Asia Pacific articles – Page 231
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NewsThai pitches simplified fleet and rental haircuts: sources
Thai Airways International has outlined a broad plan to its lessors that would involve reductions in both its total fleet size and the number of aircraft types it operates, plus haircuts for lessors, sources have revealed. The flag carrier’s chief financial officer presented the proposals during a 21 October virtual ...
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NewsMitsubishi Heavy considers cutting SpaceJet programme again: reports
Several Japanese news outlets are reporting that Mitsubishi Heavy Industries (MHI) is mulling whether to further scale back Mitsubishi Aircraft’s SpaceJet development programme.
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NewsIndian regional Alliance Air posts first profit prior to pandemic
Air India regional unit Alliance Air posted its first ever operating profit in the year immediately prior to the global pandemic hitting air travel demand.
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Airline BusinessResilient Philippine Airlines fights the odds against coronavirus
The Philippines has had a tough run during the coronavirus pandemic, but Philippine Airlines (PAL) is determined to keep fighting to preserve the island nation’s connectivity.
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NewsGMF AeroAsia targets 10% revenue from gas turbines
GMF AeroAsia is looking outside its core aviation business and targets over 10% revenue to come from the industrial gas turbine engine (IGTE) sector. “In the midst of the Covid-19 pandemic which greatly affects the business climate of the aviation industry, the company needs to diversify its business and optimise ...
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NewsBoeing Australia ‘loyal wingman’ conducts first taxi test
Boeing has conducted the first taxi test of the Airpower Teaming System (ATS) loyal wingman aircraft being developed in Australia. Boeing Australia notes that this is the first time the unmanned aircraft has moved under its own power, and reiterated that a maiden sortie is planned by the end of ...
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NewsUSA approves anti-ship missile and long-range reconnaissance pod sale to Taiwan
In a move that is sure to provoke a backlash from Beijing, the US State Department has approved a package of weapons for a possible Foreign Military Sale to Taiwan, including dozens of anti-ship missiles, rocket artillery and long-range airborne reconnaissance pods.
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NewsDeal restores flights between India and Germany
India has struck a deal to restore flights to Germany, which had ended abruptly in late September amid a row over parity of services.
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Airline BusinessHow protests and pandemic pushed Cathay to the brink
As Covid-19 tore into the aviation industry, some airlines were able to fall back on the profits of previous years, but the impact of anti-government protests removed any possible cushion for Hong Kong’s flag carrier.
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NewsHow ST Engineering’s Lee Hui Fung led gender diversity drive
Lee Hui Fung is ST Engineering’s vice-president for Smart MRO, and has been in the industry for nearly 30 years. She tells FlightGlobal how gender diversity in the aerospace engineering sector in Singapore has changed for the better.
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NewsVietjet A321 suffers 4.27g hard landing at Dong Hoi
One of Vietjet Air’s Airbus A321s has apparently suffered structural damage after a hard landing at Dong Hoi airport in central Vietnam. FlightGlobal understands that the accident occurred in the early evening on 16 October as the aircraft, VN-A639, landed on a wet runway in Dong Hoi after operating flight ...
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NewsSIA Group utilised 70% of proceeds from June rights issue
SIA Group has utilised S$6.2 billion ($4.6 billion) of S$8.8 billion gross proceeds from a rights issue completed in June. The amount was drawn down between 8 June and 13 October, and besides a one-time S$2 billion repayment of a bridge loan from DBS Bank, key components are S$1.6 billion ...
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NewsAirAsia Berhad secured new loan: airline chief
Budget carrier AirAsia Berhad has agreed fresh funding as it seeks to navigate its way through the Covid-19 crisis. The Kuala Lumpur-based airline tells Cirium in a statement that it is unable to disclose the lenders or the amount being made available. Source: AirAsia AirAsia has confirmed that ...
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NewsCathay confirms 777-9 deliveries delayed to ‘beyond 2025’
Cathay Pacific has given an indication of the timeline surrounding deferrals of its Boeing 777-9 aircraft, confirming that the widebodies will only be delivered “beyond 2025”.
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NewsKorean Air raising cash from government subsidy and land sales
Korean Air is looking to raise additional cash, seeking a government subsidy from the state-run Korea Development Bank (KDB) and separately, from the sale of land in downtown Seoul. “We cannot confirm the exact figures as we are still in discussion with the relevant parties,” the airline tells Cirium. ...
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NewsCathay shutters Cathay Dragon brand, axes 5,900 jobs
Cathay Pacific Group will cut 5,900 jobs, in a HK$2.2 billion ($284 million) restructuring exercise that will also see the Cathay Dragon brand cease operations effective immediately. As part of restructuring efforts, the group will eliminate 8,500 positions, or about 24% of its existing headcount. Of these, 2,600 ...
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AnalysisLandmark Taiwan MQ-9 sale would vex Beijing
A reported US plan to sell the General Atomics Aeronautical Systems MQ-9 unmanned air vehicle to Taiwan will complicate Beijing’s incessant prodding of the island’s defences.
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NewsAirAsia Group carriers weigh up Covid-19 measures
AirAsia Group carriers are seeking cash and eyeing tough restructuring measures as they grapple with the effects of the Covid-19 pandemic. The group’s low-cost long-haul arm, AirAsia X has “run out of money” and needs fresh capital, newly appointed deputy chairman Lim Kian Onn told Malaysian paper The Star in ...
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NewsJet Airways could fly again in four to six months
India’s Jet Airways could be flying again in as little as four to six months after its creditors approved a bid from entrepreneur Murari Lal Jalan and asset management firm Kalrock. “The expectation is that in the next four to six months one should be able to see Jet back ...
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NewsChina Express details delivery schedule of initial 50 domestic jets
China Express Airlines has detailed its agreement to take 100 domestically-built jets, with at least 50 set to be Comac ARJ21s. It had previously disclosed, in June, provisional plans to acquire a mix of ARJ21s and Comac C919s. China Express says that “all or part” of the balance of 50 ...