Orient Aviation’s Week in the Asia-Pacific
Daily Update
Daily Update
Daily Update
News
Korean Air announces US$1.8 billion liquidity boost
Korean Air (KAL) said on Wednesday it planned to raise 2.2 trillion won (US$1.8 billion) through a share issue and government support from two state-owned banks to boost liquidity. Read More »
Daily Update
News
Singapore Airlines (SIA) has reported a full-year loss for the first time in its history and said it has no visibility when international air travel might recover from what group CEO, Goh Choon Phong, described as the greatest challenge in aviation history. Read More »
News
Cathay reports US$581 million loss for four months to April 2020
Cathay Pacific and its regional wing Cathay Dragon have suffered a combined HK$4.5 billion (US$581 million) loss for the four months to April amid a precipitous drop in travel demand due to the coronavirus pandemic. Read More »
News
Thai AirAsia posts first quarter loss, cuts passenger forecast
Thai AirAsia has cut its passenger forecast for calendar 2020 by 50% in response to the coronavirus pandemic after it posted a net loss for its first fiscal quarter. Read More »
News
IATA says 69% of travellers will not consider flying if forced to quarantine
Nearly seven in 10 air travellers say they would not consider travelling if their journeys included 14-day arrival quarantine, figures from the International Air Transport Association (IATA) published this week show. Read More »
People
Lufthansa Consulting names new managing director
Hannes Müller, 44, until this month senior director infrastructure strategy & business analytics with the Lufthansa Group, is the new managing director of Lufthansa Consulting. Read More »
Short Takes
China Southern Airlines (CSA) will issue a 16 billion yuan (US$2.25 billion) bond to fund aircraft and engine acquisitions and MRO. Read More »