All Asia Pacific articles – Page 65
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NewsChina’s ‘Big Three’ still expected to be loss-making in 2023: HSBC report
China’s three largest airlines are expected to be in the red in 2023, despite improving recovery prospects and the likelihood of a small profit in the second-half of the year, a HSBC Global Research report notes.
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NewsST Engineering aerospace profit holds steady amid continued recovery
ST Engineering’s commercial aerospace unit remained profitable for the half year, on the back of a significant jump in revenue led by “continued strong recovery”.
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NewsChina eases group travel ban to Australia, UK, USA, Japan
China has scrapped a ban on outbound group travel to over 70 countries, including to major economies like the USA, UK, Japan, India and South Korea.
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NewsCebu Pacific flags supply chain, weather woes amid second-quarter profit
Cebu Pacific remained in the black for a second consecutive quarter, though it has acknowledged the “significant operational headwinds” which has “tempered” its recovery and growth outlook.
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NewsAir India to introduce new livery with first A350 arrivals
Air India has unveiled a new livery scheme, which will be introduced with the arrival of the carrier’s first Airbus A350 towards the end of this year. The airline’s owner, Tata Group, is revamping the flag-carrier’s colours as part of its transformation programme. Air India recently placed an extensive order ...
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NewsIHI aerospace unit flags unstable supply chain amid five-fold profit jump
The aerospace business of Japanese conglomerate IHI reported a five-fold jump in first-quarter profits, as it warns of instability in the global supply chain which could impact engine MRO work.
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NewsCathay to exercise A320neo purchase rights as it eyes full fleet recovery by mid-2024
Hong Kong’s Cathay Pacific Group is to exercise purchase rights on 32 more Airbus A320neo family aircraft, marking its first aircraft commitment since the pandemic.
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News‘We are on the right track’: Cathay posts first half-year profit in three years
Cathay Pacific Group rebounded to profitability in its half-year financial results, amid a strong rebound in passenger traffic following the reopening of Hong Kong’s borders.
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NewsPakistan earmarks struggling PIA for privatisation
Cash-strapped Pakistan has announced its intention to privatise flag carrier Pakistan International Airlines, as the country works to stabilise its economy.
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NewsMongolia’s MIAT discloses initial routes for 787
Mongolian flag-carrier MIAT is to deploy its first Boeing 787 initially on services to Asia and Europe, as it prepares to put the twinjet on US routes. The airline is expecting shortly to take delivery of a 787-9, one of a pair being leased from AerCap under an agreement reached ...
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NewsNauru Airlines introduces 737-800 converted freighter
Micronesian carrier Nauru Airlines has introduced a Boeing 737-800 freighter to its fleet, claiming it to be the first of the model in the Australian region. Nauru Airlines has an operational base in Brisbane. It states that the 737-800F will expand its cargo capabilities, adding capacity to a fleet which ...
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NewsTurkish Airlines and Thai Airways eye Istanbul joint-venture operations
Star Alliance partners Turkish Airlines and Thai Airways have signed a preliminary agreement to deepen their relationship through plans to establish a joint venture on routes through Istanbul.
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NewsAirAsia X, Batik Air Malaysia eye Central Asia foray
Malaysian regulators have awarded air traffic rights for flights to Central Asia to Batik Air Malaysia and AirAsia X, as it records an uptick in applications against pre-pandemic 2019.
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NewsMitsubishi Heavy sees ‘striking growth’ in defence order intake as Q1 profits hold steady
Mitsubishi Heavy Industry’s (MHI) defence and space division recorded “striking growth” in quarterly order intake, as it booked “several large projects” in line with the Japanese government’s increased defence spending.
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Airline BusinessHow agile Air Serbia is finding a profitable growth path
When it comes to examples of airlines exiting the Covid-19 crisis as bigger, more confident operations, Air Serbia is a compelling case, even as it grapples with the capacity constraints that are being felt across the industry.
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NewsTokyo considers long-range strike role for C-2 transport
The Japanese Ministry of Defense (JMOD) is considering using its Kawasaki C-2 tactical transports to launch missiles mounted on pallets from the aircraft’s cargo ramp.
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NewsAirJapan taps Bangkok as first destination, Hue receives international charters
A new carrier in Japan has announced its first destination, while Vietjet has started charters to Vietnam’s ancient capital city.
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NewsPhilippine Airlines appoints new finance chief
Philippine Airlines has appointed Anna Isabel Bengzon as its new chief financial officer.
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NewsUS-Mongolian flights planned under new air transport pact
Flights between the USA and Mongolia are planned for next year, with the signature of an air transport agreement planned as part of a reinforced partnership between the two countries. Mongolian prime minister Luvsannamsrain Oyun-Erdene is holding talks with the US government during his first official visit. “For us, the ...
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NewsComac opens first overseas office in Jakarta
Chinese airframer Comac has reportedly opened a support office in Indonesia, its first overseas location, as a second C919 joins China Eastern Airlines.