All Asia Pacific articles – Page 262
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NewsChinese carriers warn of ‘substantial’ Q1 loss from pandemic hit
Two of China’s largest airlines have warned of a “substantial loss” for their first-quarter financial results. Both China Eastern and China Southern Airlines flagged the financial hit in their monthly traffic results for March, where they note that even with “timely measures” taken to mitigate the of the coronavirus outbreak, ...
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AnalysisAPAC airlines, airports weigh up post-Covid-19 measures
Airlines and airports in Asia-Pacific are looking ahead to how travel behaviour may need to change and the necessary measures to reassure the travelling public as they cautiously prepare to restart operations after the Covid-19 crisis. The spread of Covid-19 has wiped out air travel, leaving skies empty and airports ...
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NewsVirgin Australia bailout intensifies local war of words
Qantas does not conceal its distaste for any state support tailored to its rival Virgin Australia, which recently requested a A$1.4 billion ($890 million) bailout from the federal government to ride out the coronavirus-induced downturn. Alan Joyce, Qantas’s chief executive, said in a television interview on 20 March that it ...
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Airline BusinessAir Astana’s Foster eyes tricky return to normalcy post coronavirus
Air Astana chief executive Peter Foster is upbeat about the airline’s future in the post-coronavirus world, but sees a number of challenges before normalcy returns.
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NewsVietJet secures repayment deferral on aircraft loans
Low-cost carrier VietJet has managed to secure deferrals of loan repayments for aircraft purchases from most of its lenders. VietJet states that it has been “working hard” with its suppliers, local and foreign financial institutions to cut 30-70% of prices and service fees, and to extend payment terms. ...
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NewsPost-pandemic demand recovery ‘impossible to predict’: Cathay
March proved to be yet another month of weak traffic figures for Cathay Pacific, which states that it is “impossible to predict” when passenger demand will recover from the coronavirus crisis. Commenting on its traffic results for March, Cathay adds that it is not seeing any improvement so far in ...
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NewsAustralian carriers reinstate domestic routes after financial aid
Qantas and Virgin Australia will operate additional routes within Australia after the federal government agreed to underwrite a minimal domestic service during the coronavirus pandemic. The support, for an initial eight-week period and worth up to A$165 million ($105 million), was announced on 16 April by deputy prime minister and ...
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NewsHAECO gains GE90 fan case MRO capability
HAECO’s composite services unit has added the GE90 engine to its fan case overhaul capabilities. The unit, based in Jinjiang in China, will provide preventive maintenance inspections and associated repairs for fan stator modules on the engines, which power Boeing 777-300ERs. “The scope of work includes ultrasonic inspections ...
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Airline BusinessEarly retirements in crises: a new normal?
Across the world, airlines are considering bringing forward the retirement of older aircraft types. When the coronavirus outbreak finally abates, the question will remain if these accelerated retirements represent an anomaly, or a “new normal”.
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NewsSIA Group flags financial impact of limited passenger network
Singapore Airlines Group expects to extend capacity cuts and warns of material impact to its financial performance in the quarter ended 31 March. Singapore banned short-term visitors from entering or transiting from 24 March, and the group said in a stock-exchange disclosure on 15 April that “capacity was further rationalised ...
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NewsAH-64E hits 500th delivery, as Boeing eyes more Apache exports
Boeing has celebrated the 500th delivery of an AH-64E Apache attack helicopter, as it eyes opportunities for additional international sales.
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NewsThailand bans all international passenger flights until 30 April
Thailand has banned all international passenger aircraft from landing in the country until 30 April, extending two earlier bans that began on 4 April and were expected to end on 18 April. Exceptions to the ban will only apply to state or military aircraft, emergency landings, aircraft making technical stops, ...
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NewsVirgin Australia extends trading suspension amid financing talks
Virgin Australia has requested for a trading suspension following a trading halt, while it continues to work out funding options. Australia’s second-largest carrier requested a trading halt on 14 April, due to end this morning, to discuss financing and restructuring alternatives. The airline is now requesting a suspension for seven ...
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AnalysisHow Covid-19 is changing aviation in Asia-Pacific
Covid-19 has sent airlines and airports worldwide reeling and predicting the future is impossible. One thing is certain, some airlines in Asia-Pacific will fail, as the region had concerns about overcapacity and a glut of plane orders before the crisis. “Before coronavirus, the APAC region was very busy and there ...
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NewsAsia-Pacific carriers extend capacity cuts
Air New Zealand and South Korea’s major airlines will keep their international schedules pared down, according to updates from the carriers. Air New Zealand is extending its minimal schedule, which has 95% of its capacity cut, through to the end of June, it said on 11 April. It is maintaining ...
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NewsIATA deepens projected airline revenue loss to $314 billion
IATA now forecasts airlines will lose $314 billion in passenger revenue this year amid the coronavirus outbreak, a deepening of $62 billion from its previous projection.
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NewsIndia extends flight suspensions till 3 May
India will suspend all scheduled passenger flights for nearly three more weeks after the country extended a coronavirus-related lockdown.
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NewsUS government clears Harpoon, Torpedo deal for India P-8Is
The US government has approved to separate deals to sell India anti-ship missiles and air-launched torpedoes for its fleet of Boeing P-8I Neptune maritime patrol aircraft. The first possible Foreign Military Sale (FMS) covers 10 Boeing AGM-84L Harpoon Block II missiles and related services and equipment for around $92 million, ...
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NewsVirgin Australia enters trading halt amid financing talks
Virgin Australia has requested a halt in the trading of its shares while it discusses financing and restructuring options. The airline, which has requested a A$1.4 billion ($900 million) bailout from the federal government, said today it plans to come out of the trading halt on the morning of 16 ...
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NewsAPAC airports rejig runway and terminal operations amid Covid-19
Airports across Asia-Pacific have had to make changes to operations as they grapple with reduced traffic due to the coronavirus outbreak. In Japan, Tokyo Narita International airport has closed one of two runways from 12 April, 06:00 local time, until further notice. “Therefore, in order to ensure operational safety and ...