All Asia Pacific articles – Page 259
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NewsQantas puts Project Sunrise on hold
Qantas is putting Project Sunrise on hold, citing the impact of the Covid-19 outbreak on air travel. “We do think there is a huge potential for Project Sunrise but the time is not right now given the impact that Covid-19 has had on world travel,” chief executive Alan Joyce said ...
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NewsATSB, ATR clarify ignition settings for flameouts
Following a double engine flameout on a Virgin Australia ATR 72-600, the airframer issued a clarification about the appropriate use of automatic and manual ignition. The incident occurred during the early evening of 13 December 2018 as the aircraft (VH-FVN) operated flight VA660 on the Sydney-Canberra route in stormy weather, ...
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AnalysisMalaysia Airlines’ search for a strategic partner
Nearly six years after Malaysian sovereign wealth fund Khazanah Nasional rescued and privatised Malaysia Airlines, the carrier is still posting losses while its search for a strategic partner continues. Khazanah stated in 2014 targets for the airline to achieve break-even by the end of 2017 and return to profitability the ...
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NewsHainan optimistic of rebound amid steep Q1 loss
Hainan Airlines swung back into the red for its first-quarter results for 2020, joining other Chinese carriers who reported losses amid the coronavirus outbreak. However, the carrier, China’s fourth largest, is optimistic its financial results will improve in the second quarter, as it “adjusts its business strategy” and cuts ...
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NewsJuneyao Air slips into first-quarter loss
China’s Juneyao Air swung to a loss in the first quarter of this year and expects further losses for the remaining first half of 2020 as the coronavirus pandemic puts a damper on demand. The Shanghai-based carrier posted a net loss of over CNY491 million ($69.5 million) in the first ...
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NewsVirgin Australia targets end-June sale: administrator
Twenty parties are interested in recapitalising Virgin Australia, administrator Deloitte said after the first creditors meeting held virtually on 30 April, and the airline aims to receive binding offers in June. “A large number of parties have expressed an interest, eight have signed non-disclosure agreements and negotiations are continuing with ...
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NewsAH-64E versus AH-1Z competition in Philippines brews with US sale approval
The US State Department has approved the possible sale of six Boeing AH-64E Apache and six Bell AH-1Z Viper attack helicopters to Manila.
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AnalysisIs Embraer-China tie-up an inevitable marriage or case of strange bedfellows?
The Brazilian government was quick to suggest Embraer cosy up to China, after a proposed partnership with Boeing fell through. Would such a relationship work, and what is at stake?
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NewsJAL’s full-year profit slumps on coronavirus impact
Japan Airlines’ net profit more than halved in the financial year ended 31 March, with coronavirus crisis cited as the overwhelming factor. “This is the unprecedentedly tremendous event risk ever for the airline industry and its end is not foreseeable at this moment. There is no question that the JAL ...
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NewsCebu Pacific slips into first-quarter loss
Cebu Pacific posted an operating loss of Ps693 million ($13.7 million) in the first quarter of 2020, reversing the Ps3.85 billion operating profit made in the same period last year. Total revenue for the quarter ended 31 March fell 24.9% to Ps15.9 billion, as revenue from passenger, cargo, and ancillary ...
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NewsAirAsia to take no new aircraft this year
The AirAsia Group is “relooking” its orders for Airbus aircraft, as it gears up for return to service across its various networks. The airline group also confirmed that it will not be taking delivery of any new aircraft for the rest of the year, and targets a fleet size ...
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NewsChinese carriers flag worsening financial impact amid Q1 losses
China’s three largest carriers have warned of deeper financial impact from the coronavirus outbreak, as they each swung to significant first-quarter losses. Air China, China Southern Airlines and China Eastern Airlines all warned of “adverse” and “severe” impact on their first-half financial results, pointing towards “uncertainty” in the development of ...
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NewsMarch figures reveal scale of initial coronavirus hit on airline traffic
Figures from IATA for March show global airline passenger traffic already down by more than 50% and collective load factors down more than 20 percentage points in a further illustration of how sharply the coronavirus crisis has hit the sector.
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NewsEight Thai carriers seek $771m loan from Thai govt: reports
Eight Thai carriers have sought a soft loan of around Bt25 billion ($771 million) from the Thai government, according to a 24 April Reuters report that cites a Thai AirAsia executive. Tassapon Bijleveld, the executive chairman of Thai AirAsia and its parent company Asia Aviation, added that the carriers ...
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NewsGA Telesis gets CAAC certification for CRJ900 landing gear MRO
The Civil Aviation Administration of China (CAAC) has certificated GA Telesis for landing gear MRO services at the latter’s Miami facility. This paves the way for the company to repair and overhaul Bombardier CRJ900 landing gears belonging to China Express Airlines. GA Telesis and China Express signed a ...
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NewsUSA tightens restrictions on exports to China, Russia and Venezuela
The US Department of Commerce has tightened restrictions on certain technology exports to China, Russia and Venezuela, a move with still-unclear ramifications on US aerospace suppliers. Those countries are declared adversaries of the USA, and the Commerce Department is blocking shipment to those nations of technology it believes could be repurposed for military uses.
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NewsCoronavirus punishes ANA’s profitability and revenue
The parent company of All Nippon Airways (ANA), ANA Holdings, saw coronavirus hurt both profitability and revenue during its 2019 fiscal year, as it painted a bleak outlook for the immediate future. Consolidated operating profit of for the 12 months ended 31 March fell 63% to Y61 billion ($569 million), ...
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NewsChinese carriers shift more operations to Beijing Daxing
The third wave of operational transfers to Beijing’s Daxing international airport has taken place, with China Eastern Airlines and Xiamen Airlines shifting to the Chinese capital’s newest airport. China Eastern states that from 26 April to 2 May, it will gradually move 57 daily flights from Beijing Capital to ...
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NewsComac makes first jet delivery after resuming production
Comac has delivered its 24th ARJ21 regional aircraft, the first aircraft to be delivered since the Chinese airframer resumed work following the coronavirus outbreak. The aircraft, registered B-604F, was delivered to Chengdu Airlines. Comac states that the aircraft is managed by lessor ICBC Financial Leasing. The aircraft is ...
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NewsElbit wins EW deal from Asia-Pacific customer
Elbit Systems has secured a $103 million contract to provide electronic warfare (EW) suites for helicopters operated by an Asia-Pacific air force. “Demand for combat-proven EW systems is getting stronger as the electro-magnetic spectrum becomes increasingly contested and the threat to aircraft gets more acute,” says Elbit executive vice president ...