Singapore Airlines (SIA) reported a first-quarter net loss of more than US$800 million Wednesday, the latest carrier to take a massive hit as a result of the coronavirus pandemic.Passenger traffic was reduced to almost zero in the three months to June, SIA said, leading to the Asian carrier's biggest-ever quarterly net loss of SGD1.12 billion (US$816.58 million).The numbers extended the flag-carrier's financial bloodletting after losing SGD732 million in the 2019 fourth quarter ende
AirAsia boss Tony Fernandes insisted Thursday the top budget carrier would emerge "stronger" from the coronavirus pandemic despite a warning about its future, and said the airline was hopeful of raising a sizeable cash injection.In an interview with AFP, the colourful chief executive said he never imagined the industry could face such a crisis, which has triggered massive layoffs worldwide and led to some carriers collapsing."I never believed the aviation industry could be hit
Washington on Wednesday ordered the suspension of all flights by Chinese airlines into and out of the United States (US) after Beijing failed to allow American carriers to resume services to China.The move adds to a growing set of tension points between the world's two biggest economies in the aftermath of the coronavirus crisis.The US action, which takes effect 16 June, but could be implemented sooner if President Donald Trump orders it, affects four Chinese civilian carriers, including
The coronavirus pandemic, set to provoke a severe global recession this year, is hitting multinational companies disproportionately. Here is a list of winners and losers, according to a study published on Tuesday from the research unit of Italian bank Mediobanca, based on results from the first quarter of 2020. The Winners:InternetGlobal internet companies are the top performers, managing to maintain their momentum even during the worst of the coronavirus crisis.
Families of those killed when a Lion Air plane crashed off Indonesia last year are expected to meet safety regulators on Wednesday to be briefed on a final report into the disaster that could be released within days.All 189 passengers and crew died when the 737 MAX jet slammed into the Java Sea shortly after takeoff from Jakarta last October.The model was grounded worldwide after an Ethiopian Airlines 737 MAX crashed after taking off from Addis Ababa in March, killing 157 people aboard.Prelim
A drone-like flying taxi whirred over Singapore's waterfront Tuesday, with the firm behind the test hoping the aircraft will revolutionise travel in traffic-choked Asian cities.The 18-propeller vehicle, developed by German firm Volocopter and with a pilot onboard during the test flight, took off from a promontory and flew for about two minutes and 30 seconds around the Marina Bay district.Heavy rains in the morning almost delayed the flight, but the skies cleared in time for the battery-
Indonesian authorities have cited failures in the Boeing 737 MAX design and oversight as contributing to the 2018 Lion Air plane crash, the Wall Street Journal reported on Sunday.The report into the crash, which will be formally released in early November, also blames pilot error and maintenance issues for the crash that killed 189 people shortly after the flight departed from Jakarta last October, the newspaper said.The Boeing plane model was later grounded worldwide after an Ethiopian Airli
Although everyone in Southeast Asia can fly these days due to the proliferation of low-cost airlines, the experience is not necessarily pleasant with long queues and constantly having to present travel documents to different parties.Airports are struggling to cope with growing passenger numbers who are also becoming more demanding. This makes them good testbeds for smart technology.In Southeast Asia, Singapore’s Changi Airport is leading the charge in innovation.
Air travel across Southeast Asia is growing by around 10 percent a year, with Cambodia, Lao PDR, Myanmar, Thailand and the Philippines all experiencing double-digit expansion rates according to research firm Centre for Asia Pacific Aviation (CAPA).This is due to rising consumer affluence thanks to a growing middle class in the region as well as continuous efforts to liberalise air traffic regulations.
Vietnam’s skies are about to get more crowded.With state-owned Vietnam Airlines JSC and budget carrier Vietjet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October.Called Bamboo Airways, the new airline still needs a government aviation license before operating and is seeking to capitalize on the nation’s growing middle class and rapidly
Investigators said Monday they still do not know why Malaysia's Flight MH370 vanished four years ago in aviation's greatest mystery, sparking anger and disappointment among relatives of those on board.In a long-awaited report the official investigation team pointed to failings by air traffic controllers, said the course of the Malaysia Airlines plane was changed manually, and refused to rule out that someone other than the pilots had diverted the jet.
Air travel across Southeast Asia is expected to rise at an estimated compounded annual growth rate (CAGR) of 5.8 percent from 2016 to 2036. The International Air Transport Association (IATA) puts the projected number of passengers travelling in 2036 at 7.8 billion people.