All Asia Pacific articles – Page 250
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NewsAsian Development Bank extends $65m liquidity to Fiji Airways
Fiji Airways has secured a $65 million liquidity support facility from the Asian Development Bank (ADB).
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NewsKAI signs UAV pacts with Israel’s Elbit and IAI
Korea Aerospace Industries and Elbit Systems have signed a memorandum of understanding (MoU) to co-operate on unmanned air vehicles, following a similar agreement with Israel Aerospace Industries (IAI).
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NewsSIA expresses cautious optimism amid vaccine rollouts
Singapore Airlines (SIA) plans to steadily expand its network in the coming months, as it sees a gradual recovery stemming from global vaccination campaigns.
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NewsTroubled Nok given extension to submit rehabilitation plan
Thailand’s Central Bankruptcy Court has granted low-cost carrier Nok Air a one-month extension to file its rehabilitation plan.
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NewsCALC’s 2020 operating profit steady as fundamentals ‘unscathed’
China Aircraft Leasing reported steady operating profit and revenues in 2020, as the key fundamentals supporting its operations for the long term “remain unscathed”, despite a massive hit to its bottom line.
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NewsAsia-Pacific has largest share of full border closures by region
Asia-Pacific has the biggest proportion of total border closures compared to other regions, reflecting local governments’ relative caution that has curbed confirmed Covid-19 case numbers but heavily impacted air traffic recovery.
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NewsSingapore and Australia plan travel bubble
Singapore is looking to re-establish air connectivity with Australia, and this includes plans for a quarantine-free air travel bubble.
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NewsVirgin Australia, AAT team up for Brisbane 737 training
Virgin Australia and Ansett Aviation Training (AAT) plan to expand their business partnership through a co-branded training centre in Brisbane.
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NewsVietnam mulls airspace permission for 737 Max
The Civil Aviation Authority of Vietnam (CAAV) is proposing to allow the Boeing 737 Max transit through the country’s airspace, paving the way for a possible lifting of the aircraft’s grounding.
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NewsFatalities as military An-26 crashes near Almaty
Kazakhstan’s government has disclosed that four fatalities resulted from a military Antonov An-26 accident at Almaty on 13 March. Radar contact with the aircraft, operating from the capital Nur-Sultan, was lost at 17:22 according to the country’s ministry of emergency situations. The An-26 came down near Almaty airport, it adds. ...
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NewsSIA to ‘progressively’ bring 737 Max fleet out of desert
Singapore Airlines will “progressively” return four remaining Boeing 737 Max aircraft to Singapore from storage in Australia, as a cabin retrofit programme gets underway for the type.
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NewsUkrainian government to nationalise Motor Sich
Ukraine’s government has decided to nationalise aircraft engine maker Motor Sich, weeks after effectively scotching a bid from Chinese firm Skyrizon to buy the company. President Volodymry Zelensky chaired an 11 March meeting with the national security and defence council at which the Motor Sich issue was discussed, alongside other ...
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NewsThai Airways tests market appetite for sale of A380 pair
Thai Airways International is gauging market interest for two of its Airbus A380s.
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NewsEmbattled Cathay Pacific sees February traffic weaken further
Cathay Pacific expects to carry few than 600 passengers a day in March, while operating a “skeleton passenger flight schedule”, as new crew quarantine measures introduced by the Hong Kong government kick in.
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NewsVietnam’s central bank proposes $174m loan for flag carrier
Vietnam’s central bank is proposing to offer D4 trillion ($174 million) of loans to help the national flag carrier as it struggles amid the Covid-19 pandemic. The funds will be provided to Vietnam Airlines through credit institutions and refinanced by the central bank, which will not charge interest on the ...
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NewsBOC Aviation’s profit dips by a quarter on record revenue
BOC Aviation’s net profit dropped by over a quarter in 2020 mainly due to the Covid-19 pandemic, although it managed to break the $2 billion revenue barrier for the first time.
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Airline BusinessAsia-Pacific cargo yields on steroids amid bellyhold blues
Recent financial results from Asia-Pacific airlines highlight how the disappearance of bellyhold space has given a massive boost to cargo yields.
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NewsAustralia extends A$1.2bn ‘ticket to recovery’ for tourism, airline sectors
Australia has rolled out its latest round of financial support for its tourism and airline sectors, which have acutely felt the impact of the coronavirus pandemic.
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NewsJetstar to shift six A320s from Japan to Australia
Low-cost carrier group Jetstar is to “temporarily” move six Airbus A320s from its Jetstar Japan unit to its Australian operation, as the latter’s relatively strong domestic market provides an outlet for capacity.
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NewsCathay sees no further fleet cuts following record loss
Cathay Pacific Group does not expect to park more aircraft in long-term storage overseas beyond those already in Australia and Spain, as it looks at cargo opportunities for more aircraft types to bolster revenue.