A trusted source of Asia-Pacific commercial aviation news and analysis


JUNE 2020

Week 23

Orient Aviation’s Week in the Asia-Pacific

 

Daily Update

  • Singapore Airlines (SIA) and subsidiaries, SilkAir and Scoot, have started accepting transit passengers from Adelaide, Auckland, Brisbane, Christchurch, Melbourne, Perth and Sydney travelling through Changi Airport to any destination in the airline group's network. An airline statement said the flights were for outbound journeys only. Read More »

 

Daily Update

  • Japan Airlines' (JAL) monthly traffic report showed the airline group carried 8,295 international passengers in May, a 98.9% reduction from 756,810 passengers in the prior corresponding period. Demand, or revenue passenger kilometres (RPK), was down 98.9% and capacity, or available seat kilometres (ASK), was cut by 94.7%. Read More »

 

Daily Update

  • The Cathay Pacific Group announced today a proposed HK$39 billion (US$5 billion) recapitalisation that involved the Hong Kong government taking an ownership stake in the airline group and providing a bridging loan as well as a rights issue that major shareholders have pledged to support. Read More »

 

Daily Update

  • Singapore Airlines (SIA) group CEO, Goh Choon Phong, told Singapore’s Sunday Times newspaper over the weekend management's immediate response to the coronavirus pandemic was managing costs and developing transformation initiatives rather than making staff redundant. Read More »

 

News

U.S. and China tussle over flights

Increasing geopolitical tensions between China and the U.S. have spilled over to aviation with the U.S. announcing plans to stop all Chinese carriers from flying into the country from mid-month. Read More »


 

News

IATA says April was the cruellest month for the industry

While the April traffic report from the International Air Transport Association (IATA) made for grim reading, the figures "might represent the lowest point" in the crisis that has engulfed the industry due to the coronavirus pandemic. Read More »


 

News

AirAsia Group explores capital raising

Malaysia-listed AirAsia Group (AAGB) said this week it had been presented with proposals from banks, lenders and potential investors to "raise capital to strengthen its equity base and/or liquidity". Read More »


 

News

IndiGo posts fourth quarter and full-year loss

Indian LCC, IndiGo, will continue to accept new A320neos and retire older A320ceos with the goal of improving liquidity and lowering costs after its slump into the red from the COVID-19 outbreak. Read More »


 

News

Two bidders still standing in battle for ownership of Virgin Australia

Administrators for Virgin Australia (VA) this week narrowed the list of potential buyers for the airline group to Bain Capital and Cyrus Capital Partners. Read More »


 

People

Airbus India president and managing director, Anand Stanley, has been promoted to Airbus president for Asia Pacific, the Toulouse manufacturer announced this week. Read More »


 

Short Takes

Embraer has reported a net loss of US$292 million for the three months to March 31, a deterioration from a net loss of US$42.5 million in the prior corresponding period. Read More »