Asia Weekly Roundup: Jan. 08

Vietnam Airlines Board Approves Share Issuance, Names New CEO

Credit: Vietnam Airlines

The board of Vietnam Airlines has approved a proposal for the flag carrier to issue VND8 trillion ($346 million) worth of new shares to tide it over for 2021.

JAXA Collaborates With Yamato For Cargo EVTOL Design

Credit: Yamato
Japanese express delivery company Yamato Holdings is collaborating with the Japan Aerospace Exploration Agency on design of a cargo pod for an electric vertical-takeoff-and-landing aerial logistics system that the company plans to introduce early this decade.

AerCap, BOC Aviation Reveal Full-Year Figures For 2020

Credit: BOC Aviation

Lessor BOC Aviation has reported a fairly stable year-on-year operational performance for 2020, while AerCap appeared to report a more significant drop in its full-year activity as COVID-19 took its toll.

Air New Zealand Expands Quarantine-Free Flights To Australia

Credit: Air New Zealand / Twitter

Air New Zealand has expanded the number of quarantine-free routes it flies to Australia, although airlines are still waiting for a two-way bubble to emerge before a significant rebound in this market can occur.

South Korea’s T’Way Aims For Longer International Routes With A330s

Credit: T'Way Air

South Korean LCC T’Way Air has confirmed plans to add Airbus A330s to its fleet late in 2022, allowing it to extend its network reach.

Tata Boosts Airline Portfolio With Larger AirAsia India Stake

Credit: AirAsia India

The Tata group’s purchase of a larger holding in joint venture AirAsia India could help spur consolidation in the Indian airline industry as it rebounds from the COVID-19 crisis.

SilkAir Flies 737 MAX Back To Singapore Under Strict Conditions

Credit: Boeing

SilkAir removed its first Boeing 737-8 from deep storage in Alice Springs, Australia and flew the aircraft back to Singapore on Dec. 30, 2020. 

South Korea Selects Town As UAM Test Site

Credit: EHang
South Korea is to establish an urban air mobility (UAM) test site in the southern coastal town of Goheung under a national plan to commercialize air taxi services by 2025.