Month: February 2021

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Manila, Jakarta beef up tactical transport fleets

The Philippine Air Force has taken delivery of the first of two Lockheed Martin C-130H tactical transports provided under the US government’s Excess Defence Articles programme. The Philippine Air Force has taken delivery of the first of two Lockheed Martin...

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Hainan Airlines warns of staggering CNY58 billion full-year loss

China’s Hainan Airlines has forecast a staggering CNY58 billion ($9 billion) full-year net loss, with asset impairment costs expected to account for a significant portion of its red ink. China’s Hainan Airlines has forecast a staggering CNY58 billion ($9 billion)...

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SIA Engineering ekes out small profit in third quarter

SIA Engineering (SIAEC) swung briefly back into the black in its third-quarter earnings, warning that the “glacial pace” of global air travel recovery is punishing its profitability. SIA Engineering (SIAEC) swung briefly back into the black in its third-quarter earnings,...

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