Orient Aviation’s Week in the Asia-Pacific
Daily Update
Daily Update
Daily Update
DOWN BUT NOT OUT AT VIRGIN AUSTRALIA
The Virgin Australia [VA] board has formally placed the airline group into voluntary administration. Deloitte's Vaughan Strawbridge and colleagues, John Greig, Sal Algeri and Richard Hughes, have been tasked with recapitalising the business. VA CEO, Paul Scurrah, and the current management will remain in place during the turnaround effort. Read More »
Daily Update
News
Australian government underwrites minimum domestic network
The Australian government has pledged to spend up to A$165 million (US$105 million) to underwrite domestic services to be operated by Qantas and Virgin Australia in the next eight weeks. Read More »
News
Cathay Pacific Group’s CCO says recovery impossible to predict
Cathay Pacific Airways Group Chief Customer and Commercial Officer, Ronald Lam, said on Thursday forward bookings remain low with no recovery in sight amid almost non-existent demand. Read More »
News
International Air Transport Association cautions unilateral actions can’t restart flying
Airlines around the world are expected to collectively suffer a US$314 billion loss in revenue in calendar 2020 due to the coronavirus pandemic, new figures show. Read More »
News
Singapore Airlines reports passengers carried down 50% in March
Singapore Airlines [SIA] has flagged that dramatic capacity cuts to its network for April may be extended should international borders remain shut due to COVID-19 after the airline group reported a halving of passengers in March. Read More »
News
Hong Kong Airport passenger numbers continue to crash and burn
Hong Kong International Airport (HKIA) has posted a 91% decline in passenger numbers for March as airlines slashed services and governments tightened travel restrictions in response to COVID-19. Read More »
Short Takes
China's Juneyao Air and Finnair announced plans this week to establish a joint-venture on flights between Helsinki and Shanghai. Read More »
