All Asia Pacific articles – Page 86
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News‘We just refuse to die’: SpiceJet chief talks restructuring, fleet growth
India’s SpiceJet is to “significantly” restructure its balance sheet in the coming months, raise fresh equity, and embark on an “aggressive push” to grow its fleet.
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NewsAuckland Airport to build new domestic terminal
Auckland Airport will develop a new domestic terminal in the facility’s biggest redevelopment since 1966, when the airport first opened.
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NewsCAAC issues brief statement on anniversary of China Eastern 737 crash
The Civil Aviation Authority of China (CAAC) has issued a brief statement stating that the investigation into the fatal crash of a China Eastern Airlines Boeing 737-800 is still underway. The statement, published only in Mandarin, comes one year after the crash of MU5735 on the Kunming-Guangzhou route, which killed ...
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News‘Jet Airways 2.0’ to have new business model, ‘not a copy-paste’: CEO
The relaunch of India’s Jet Airways, which has faced legal hurdles in recent months, is still in progress, and will see the airline take a “new approach” to its business model.
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NewsAkasa Air confirms international foray, ‘much larger’ aircraft order by year-end
Indian low-cost carrier Akasa Air plans to launch international flights by the end of the year, around 18 months after it started operations in 2022.
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NewsBoeing to supply 184 Apaches to US Army and FMS buyers
Boeing has secured a contract from the US government to produce 184 AH-64E Apache attack helicopters for the US Army and international customers.
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NewsFrance’s Groupe ADP and India’s GMR aim to establish ‘agile’ airport platform
French airports operator Groupe ADP is to establish a new airport holding company with the Indian firm GMR Enterprises, simplifying the structure of its current Indian venture through a merger arrangement. GMR is the 59%-owner of GMR Airports Infrastructure – known as GIL – which, in turn, has a 51% ...
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NewsStrong China demand lifts Cathay, SIA February traffic
Cathay Pacific and Singapore Airlines Group reported strong travel demand on their Mainland China network in February, amid a ramp-up in flights after Beijing eased most of its ‘zero-Covid’ restrictions.
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Airline BusinessPassenger demand steps up in encouraging start to 2023
Global demand for passenger travel has undoubtedly stepped up in the early months of 2023, as the recovery from Covid-19 continues.
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NewsPhilippine Airlines eyes more widebodies, expects profitable year
Philippine Airlines (PAL) expects to firm up a potential order for more widebody aircraft in the coming months, as the airline eyes a profitable year amid strong travel demand.
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NewsChina’s ‘Big Three’ see marked improvement in February international traffic
China’s three largest airlines reported a third consecutive month of traffic recovery in February, the first full month of traffic results since Beijing scrapped most of its strict ‘zero-Covid’ travel curbs.
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Airline BusinessAirline Business Covid-19 recovery tracker: March 2023 update
Our regular examination of the latest global data for several key airline market indicators, including traffic and capacity in passenger and cargo markets, in-service and stored fleets, jet fuel costs, and share price trends for the world’s largest groups.
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NewsChina fully reopens to travellers with easing of visa, group travel curbs
Beijing has eased the final part of its coronavirus travel restrictions, re-allowing visas to be issued and expanding the list of countries for outbound tour groups.
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NewsYear-end reopening lifts South Korean LCC earnings
South Korean low-cost operator Jin Air posted its first quarterly operating profit in more than three years, helped by a rebound in travel demand that has also helped boost the earnings of compatriots Jeju Air and T’way Air.
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Airline BusinessAirline Business Index shows global revenue surging above pre-Covid levels
The latest Airline Business Index shows the global airline industry’s revenue soared above 2019 levels in the final quarter of 2022, as the sector edged closer to its pre-Covid size.
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Airline BusinessAirlines bide their time on capacity after rapid China reopening
Swift lifting of Covid travel restrictions opens last ‘locked’ market, but return to ‘normal’ remains longer task
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NewsAir China appoints airline veteran as new president
Air China has promoted vice president Wang Mingyuan to its new president, executive director and vice chairman.
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NewsSriLankan Airlines looking to lease additional A330s
SriLankan Airlines has issued a request for proposals (RFP) to lease up to five Airbus A330s for a six-year period.
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NewsEVA Air buys five 787s in $1.8 billion deal
Taiwan’s EVA Air is to purchase five Boeing 787-9s, in a deal valued at around $1.78 billion in list prices.
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Airline BusinessAirlines struggle to fast-track consolidation
It is not without reason that the airline industry is one of the least consolidated sectors globally. Regular competition issues are compounded by the inherently international nature of the business, which for a majority of operators involves connecting cities in different countries, even if the consolidation itself is not cross-border.