All Asia Pacific articles – Page 244
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NewsTrigana 737F captain dismissed go-around call before hard-landing accident
Indonesian investigators have determined that a Trigana Air Service Boeing 737-300F captain dismissed go-around suggestions during a visual approach in poor weather, before a hard landing that destroyed the aircraft’s undercarriage and caused it to veer off the runway. The twinjet (PK-YSY) was conducting a visual approach to Wamena airport’s ...
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NewsSpaceJet-related losses hurt Mitsubishi Heavy earnings
The beleaguered SpaceJet regional aircraft programme, which recently saw its developmental budget halved, made up the bulk of losses parent company Mitsubishi Heavy Industries (MHI) incurred, in its first quarter earnings. For the quarter ended 30 June, the SpaceJet programme made a loss of Y68.8 billion ($648 million), due mainly ...
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NewsGaruda posts $723 million first-half loss
Garuda Indonesia was $723 million in the red for the six months ended 30 June, having taken a near-60% hit to operating revenues. Operating revenues came in at $917 million, compared with $2.2 billion in the year-ago period, as revenues from scheduled services declined by 60%. On the other hand, ...
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NewsSpiceJet secures Heathrow landing slots
Indian low-cost carrier SpiceJet has secured landing slots at London Heathrow Airport, effective 1 September. The slots fall under the “bubble arrangement” between India and the UK, and are effective until 23 October, says SpiceJet. Source: SpiceJet SpiceJet’s fleet is comprised entirely of 737s and Dash-8 Q400s ...
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NewsHigher expenses, revenue collapse punish GMF AeroAsia H1 earnings
GMF AeroAsia fell deeper into the red for its half-yearly earnings, on the back of increased expenses and a significant decline in revenue, amid the economic downturn caused by the coronavirus outbreak. For the six months ended 30 June, the MRO unit of Garuda Indonesia posted an operating loss of ...
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NewsNok Air CFO resigns after less than three weeks
Nok Air’s chief financial officer Nuanwan Bhuprasert has resigned effective today, less than three weeks after starting the job and four days after the airline filed for bankruptcy protection. The budget carrier’s chief executive Wutthiphum Jurangkool will resume the role of acting CFO, effective 4 August. Nok Air did not ...
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NewsCovid-19 wipes out 78% of JAL’s first-quarter operating revenue
Japan Airlines posted a Y93.7 billion ($885 million) net loss in the April to June period, as Covid-19-related travel and quarantine measures nearly wiped out the carrier’s passenger revenues. Operating revenues declined by 78.1% year-on-year to Y76.3 billion in the first quarter of the fiscal year (FY) ending 31 March ...
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NewsTUI agreement further lifts BOC Aviation's 737 Max sale-and-leases
TUI Group has carried out a sale-and-leaseback of five Boeing 737 Max jets with the Singaporean-based lessor BOC Aviation. The European holiday company values the agreement – reached with UK subsidiary TUI Travel Aviation Finance – at $226 million. TUI Group is expecting the first of the Max 8s involved ...
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NewsP&W makes significant cuts to Singapore workforce
Pratt & Whitney, which in recent days refuted rumours that it had axed workers in Singapore, has cut a portion of its workforce in the city-state. The engine-maker, which has been affected by the pandemic-induced economic downturn, says it made the “difficult but necessary decision” to cut “less than ...
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NewsAlliance Aviation picks E190s, says Fokker fleet ‘remains core’
Australia’s Alliance Aviation has signed for 14 Embraer E190s — in a move to “position us for the next phase of growth” — but has stressed that its fleet of Fokker aircraft will remain in service for the foreseeable future. The deal, valued at $79.4 million, sees Alliance entering ...
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NewsVietJet confident of LCC model despite 54% decline in Q2 revenue
VietJet Air is confident of its financial strength and business model, even though second-quarter operating revenues more than halved amid the global Covid-19 outbreak. The Hanoi-based low-cost carrier reported D1.12 trillion ($48 million) in operating losses for the April to June period, as air transport revenue declined 54% year-on-year to ...
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NewsMalaysian brokerage issues dire warning about AirAsia X
Malaysian brokerage firm CGS CIMB Securities has questioned the ability of AirAsia X to survive the collapse in international air travel. In a research note entitled “Low probability of survival,” CGS CIMB says that the long-haul, low-cost carrier’s first quarter results were just the “opening scene for the horror movie ...
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AnalysisThe lessors with exposure to Nok Air
Nok Air has followed the lead of compatriot Thai Airways in filing for business rehabilitation amid the Covid-19 pandemic. The filing is bad news for lessors insofar as it puts an automatic stay on creditor claims, which means no lease rentals will be forthcoming from Nok until at least 27 ...
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NewsAirAsia X hopeful of late-year demand revival
AirAsia X is still confident that demand “will pick up towards the end of 2020”, though the group acknowledges that it has “no clear visibility on the timing of recovery”. In the meantime, the long-haul low-cost operator expects to remain in “hibernation mode”, maintaining “minimum connectivity” with “essential cargo and ...
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NewsNok Air files for business rehabilitation
Thai budget carrier Nok Air has filed for business rehabilitation with a view to restructuring the company, taking a similar path to flag carrier Thai Airways which filed for the same protection in May. The country’s Central Bankruptcy Court has accepted Nok Air’s rehabilitation petition for consideration and set 27 ...
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Airline BusinessAirlines left doubting if enough people can, or will, travel in 2020
The industry’s relief at being able to ramp up services as the second half of 2020 began is quickly being replaced by concern that the coronavirus is likely to weigh more heavily on demand than previously thought.
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NewsBoeing responds to Australian trainer RFI with T-7 information
Boeing is pitching the T-7 as a replacement for Canberra’s Hawk 127s.
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NewsMyanmar further extends international flight ban to end-August
Myanmar has further extended a ban on all international flights to the end of August. “In order to continue to [curb] the spread of Covid-19 in Myanmar effectively, the National Central Committee for Prevention, Control, and Treatment of Covid-19 has decided to further extend the effective period of the temporary ...
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NewsProlonged 737 Max grounding, pandemic punish SpiceJet earnings
India’s SpiceJet has incurred more than Rs6.7 billion ($89.6 million) in costs from the year-long global grounding of the Boeing 737 Max. Taken together with the impact from the coronavirus outbreak, which has dented passenger travel demand, SpiceJet saw losses widen for the year ended 31 March. The low-cost carrier ...
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NewsHAECO parts out first A320 following CAAC nod
HAECO’s Xiamen unit has started disassembly works on its first A320 (MSN 0950), after the Civil Aviation Administration of China (CAAC) gave its approval to do so. Cirium fleets data indicates that the aircraft was delivered to China Southern Airlines in 1999, before being bought by Jiangsu YanWu Aviation Investment ...