All Asia Pacific articles – Page 247
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NewsPandemic impact ‘severely felt’ as SIAEC slips to Q1 loss
Singapore Airlines’ MRO unit fell into the red in the first-quarter, as it reiterated a “challenging” outlook with no clear recovery pathway. For the quarter ended 30 June, SIA Engineering (SIAEC) reported an operating loss of S$8.6 million ($6.2 million), reversing the S$17.7 million operating profit it posted last ...
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NewsChinese ‘Big Three’ warn again of first-half earnings hit, despite traffic recovery
China’s three largest state-owned carriers have reiterated warnings that their first-half financial results will take a hit from the coronavirus outbreak, even as its June passenger traffic continued to improve month on month. In similarly-worded impact statements released together with its monthly traffic results, Air China, China Eastern Airlines ...
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NewsBoeing lands digital service deals with Asian carriers
Boeing’s services division has inked a series of orders and contracts— mostly with Asian carriers — for its digital and training products. Boeing Global Services announced that Japan Airlines, All Nippon Airways, as well as Xiamen Airlines have signed for its optimised maintenance programme that will be tap on ...
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NewsLessors negotiate with Thai on rental deferrals
Most of Thai Airways’ dozen lessors are expected to reject a request from the airline to defer rental payments for 12 months but will likely acquiesce to a deferral until at least September, sources say. Some lessors are more supportive of the airline’s rehabilitation and willing to be patient than ...
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NewsIndia agrees travel corridors with France, USA and others
India’s government is negotiating “travel bubble arrangements” with certain countries to enable resumption of some international flights, starting with the USA.
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NewsCathay anticipates HK$9.9 billion half-year net loss
Cathay Pacific Group expects to post a net loss of about HK$9.9 billion ($1.28 billion) for the six months ended 30 June, even as it gradually adds capacity back to its network. The first-half net loss, which is subject to auditor reviews, is a stark contrast to its financial ...
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NewsNokScoot’s shareholders agree to dissolve company
NokScoot’s shareholders have agreed to dissolve the company, after the Thai-Singaporean joint venture airline’s board of directors previously voted in favour of the move. At a 2020 annual general meeting of NokScoot shareholders held on on 14 July, the shareholders “approved to dissolution, liquidation and appoint liquidator to proceed with ...
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Airline BusinessAirlines urgently need winter waiver decision: IATA slots chief
Airlines urgently require regulatory bodies to waive the 80:20 slot rule for the northern hemisphere winter season, according to Lara Maughan, head of worldwide airport slots at IATA. Absent decisions to do so by the end of July – particularly from the European Commission, which has regulatory oversight of half ...
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NewsAir travel in Malaysia showing further signs of recovery: MAHB
Malaysia Airports (MAHB) says air travel in Malaysia is showing further signs of recovery, as the country’s gradual easing of lockdown measures and travel restrictions, which were implemented in May, enters its second month. Based on statistics from the 39 Malaysian airports managed by MAHB for the first nine days ...
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NewsVietnam Airlines needs liquidity support by end of August: CEO
State-owned Vietnam Airlines will need liquidity support by the end of August, the airline’s chief executive Duong Tri Thanh has said. Speaking at a meeting held on 13 July with the Vietnamese prime minister’s economic advisory group, which Cirium did not attend, Thanh said his airline has lost D50 trillion ...
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NewsTaiwanese carriers suffer big Q1 operating losses
Two of Taiwan’s largest carriers — China Airlines and EVA Air — posted operating losses for the quarter ended 31 March, as they felt the impact of the coronavirus outbreak. While operating costs and expenses fell, both carriers reported a big drop in revenue, in part due to global pandemic-related ...
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NewsChina Southern to deploy ARJ21s at Beijing Daxing
China Southern Airlines has commenced operations of its Comac ARJ21 regional aircraft, operating a domestic flight from its Guangzhou Baiyun hub to Jieyang. The carrier will initially operate the regional jets out of Guangzhou, but will eventually deploy them at its Beijing Daxing hub. It did not state which other ...
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NewsFAA bans Pakistan-based carriers from US airports
The Federal Aviation Administration has banned airlines from Pakistan from flying to US airports due to safety concerns.
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NewsSlower traffic recovery in June adds to Singapore Airlines pain
Singapore Airlines Group expects a “material” operating loss for the quarter ended 30 June, as it warned of a “slower than initially projected” recovery trajectory from the coronavirus outbreak. In June, the group’s carriers — comprising SIA, SilkAir and low-cost unit Scoot — carried just 17,700 passengers. While this ...
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Airline BusinessHow many jobs are airlines cutting due to coronavirus?
Of the large airlines to have made announcements so far, most have implemented job cuts affecting significant proportions of their workforces.
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NewsTokyo defence white paper outlines airpower goals
Tokyo’s growing geopolitical concerns will see it make continued investments in its military, including updates to airpower capabilities. Tokyo’s 2020 Defense of Japan white paper notes that the existing order in the Asia-Pacific is becoming increasingly uncertain, and that “inter-state competition is becoming prominent across the political, economic, and military ...
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NewsHong Kong government appoints board observers to Cathay Pacific
The Hong Kong government has appointed two observers to the board of Cathay Pacific Airways, as part of its bailout plan for the Chinese special administrative region’s flag carrier. Carlson Tong and Rimsky Yuen joins the board as observers with immediate effect, the government said in a 14 July statement. ...
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NewsLessors bemoan lack of clarity around Garuda’s bailout
Garuda’s lessors are concerned about the lack of clarity surrounding the quantum and timing of an expected government bailout seen as key to the survival of Indonesia’s national carrier, even though it pulled off a three-year extension of its $500 million sukuk last month. Lessors tell Cirium they have been ...
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NewsAirline Business podcast: Challenges as airlines return to skies
As airlines begin to ramp up operations, Graham and Lewis discuss the demand situation and the possible pitfalls ahead.
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NewsVirgin Australia bondholders drop challenge to Bain Capital sale
A group of Virgin Australia bondholders, represented by two fund managers, have withdrawn their application to the Australian Takeovers Panel to challenge the airline’s sale to Bain Capital.