Chinese conglomerate and airline owner, HNA Group, has received a notice from a Hainan court that creditors had sought bankruptcy and reorganisation of the company due to an inability to meet its debt commitments. Read More »

Air China said in a regulatory filing to the Stock Exchange of Hong Kong it expected to report a net loss in the range of 13.5 billion-15.5 billion yuan (US$2.1 billion-$2.4 billion) for calendar 2020, compared with a net profit of 6.4 billion yuan a year earlier. Read More »

China Eastern Airlines (CEA) has flagged an annual net loss in the vicinity of 9.8 billion-12.5 billion yuan (US$1.5 billion-$1.9 billion) for the 12 months to December 31, 2020, due to the pandemic. Read More »

China Southern Airlines (CSA) has forecast a net loss for calendar 2020 of 7.9 billion-10.9 billion yuan (US$1.2 billion to $1.7 billion), down from net profit of 2.7 billion in the same months in 2019. Read More »

Figures from the Association of Asia Pacific Airlines (AAPA) published late last week showed carriers in the region flew 69.5 million international passengers in calendar 2020, down 81.9% from 383.5 million in the prior corresponding period. Read More »

Vietjet Aviation Joint Stock Company, the parent company of low-cost carrier, VietJet, yesterday reported a consolidated after-tax profit of 70 billion dong (US$3 million) for calendar 2020, with consolidated revenue reported at 18.2 trillion dong. Read More »

The Australian government yesterday gave the green light for quarantine-free flights from New Zealand to resume, albeit with some additional safety measures. Read More »

SIA Engineering Company (SIAEC) said on Friday the progressive rollout of COVID-19 vaccines offered "hope of a gradual recovery of the aviation industry and the MRO business" as it reported net profit fell 85.7%, to S$7.7 million (US$5.8 million), in the three months to December 31, 2020, compared with a year earlier. Read More »