Transportation

An image of parking lots for flying cars (Photo courtesy of Park24 and Skyports)
Transportation

Japan's top parking lot operator to open flying car base in 2025

Park24 to turn an existing Kansai lot into landing space for World Expo

27 May 2022
The C919 is seen as the plane that will turn COMAC into a global aviation player, though it has yet to be certified in the U.S. or Europe. (Courtesy of COMAC)
Aerospace & Defense Industries

China carriers scoop up homegrown jets despite travel downturn

Beijing cultivates domestic aviation industry by purchasing planes from COMAC

26 May 2022
Platform information screens are among the innovations MTR has brought to London's Elizabeth Line. (Photo by Rhyannon Bartlett-Imadegawa)
Transportation

Hong Kong's MTR drives London subway into new era

First new Tube line in 43 years to feature air-conditioned carriages with Wi-Fi

24 May 2022
Local authorities in parts of Shanghai and other cities have barred residents of some neighborhoods from receiving deliveries and erected barriers to restrict movement. 
Transportation

Even package deliveries take tumble with China lockdowns

Booming sector suffers rare volume setback, but some companies post higher revenues

24 May 2022
Even though Vietnam reopened to foreign tourists in March, international traffic has been slow to recover at Vietnam Airlines.
Transportation

Vietnam Airlines risks delisting after 9 straight quarterly losses

Flag carrier reports $104m loss for Q1 together with negative equity

24 May 2022
Hong Kong trails far behind Singapore in resuming international flight services.
Transportation

Airlines hesitate to revive Hong Kong flights

Former top international hub set to see few routes revived through June

23 May 2022
Didi Global shares closed at $1.50 in New York on May 20, down from their listing price of $14 in June 2021. 
Transportation

Didi shareholders expected to back U.S. delisting plan

Investors forced to 'play long game' amid unrelenting pressure from Beijing

23 May 2022
Philippine President Rodrigo Duterte seeks to ease congestion in Manila with a subway system.
Engineering & Construction

Japanese builder Tokyu wins $338m bid to dig Manila subway tunnels

Order part of President Duterte's congestion-easing project in capital

19 May 2022
Singapore Airlines says it will maintain "cost discipline" in the face of inflationary pressure, particularly in regard to fuel prices.
Transportation

Singapore Airlines trims losses as Asia travel slowly rebounds

Japan and South Korea peers also look to ride elusive COVID recovery tailwind

18 May 2022
One economist told Nikkei Asia that privatizing loss-making SriLankan Airlines was "long overdue."
Sri Lanka crisis

Sri Lanka pushes airline privatization as debt grace period ends

Experts welcome PM's plan for national carrier despite doubts over finding buyer

18 May 2022
Higher fuel prices due to the Russia-Ukraine war weighed on the performance of Thai Airways in the first quarter.
Transportation

Thai Airways dragged to $93m first-quarter loss by expensive fuel

Aviation business recovering but hurt by Ukraine war, China's zero-COVID policy

17 May 2022
The aviation sector, particularly in Hong Kong, has been hard hit by the COVID pandemic. (Photo by Kenji Kawase)
Business deals

Leading Hong Kong tycoons turn their backs on jet leasing

Cheng and Li families say time to exit 'volatile' sector

17 May 2022
Chancay's bay, seen here in 2021, provides a natural 16-meter deep harbor which will enable the port to handle the world's largest container ships. (Courtesy COSCO Shipping Ports)
Transportation

COSCO plants its flag in South America with $3bn Peruvian port

Chinese state shipping conglomerate seeks to build new Belt and Road hub

16 May 2022
Japan's Sumitomo Mitsui Finance and Leasing will buy Ireland-based Goshawk for around $1.5 billion as it looks for air travel to recover.
Business deals

Sumitomo unit to buy European aircraft lessor Goshawk

$1.5bn deal will make Japanese company the world's No. 2

14 May 2022
SMBC Aviation's parent reported an 81.96 billion yen ($635 million) of Russia-related extraordinary loss for the financial year ended in March.
Finance

Asian aircraft lessors' Russia losses top $1bn, led by SMBC Aviation

Most Chinese players yet to report impact of Western sanctions

14 May 2022
CEO Mahesh Kumar of Asia Digital Engineering sees growing aircraft maintenance opportunities in Southeast Asia. (Photo by P Prem Kumar)
Interview

Malaysia's ADE bets on Southeast Asia aircraft maintenance demand

Capital A-linked company aims to pounce in market recovering from COVID pandemic

13 May 2022
COSCO must steer a course through Beijing's growing confrontations with developed democracies, while still serving global trade in which China is central to both supply and demand.
Business Spotlight

COSCO: China's shipping giant expands its global influence

From Taiwan to Greece, state-owned group with military links is enmeshed in world trade

13 May 2022
Chinese ride-hailing service Didi's headquarters in Beijing: The company will hold shareholder vote on May 23 on its plan to delist from the New York Stock Exchange.
China tech

China's Didi Global warns U.S. delisting key to restoring business

Beijing shut two dozen of ride hailer's app services over cybersecurity concerns

12 May 2022
A Russian tanker delivers oil to Norway in April. The European Union announced a proposed ban on Russian oil imports last week.
Trade

Russian oil tankers turn to stealth shipments under sanctions

Ship data shows sharp rise in crude with no set destination

12 May 2022
Rolls-Royce is working on making commercially viable, fully electric aircraft. (Image courtesy of Rolls-Royce)
Technology

Electric aircraft set for take off as commercially viable transport

Rolls-Royce and others aim for flying commuter market with fast air taxis

8 May 2022
JAL has been suffering from weak passenger demand for two years amid the COVID-19 pandemic. (Photo by Yo Inoue)
Transportation

JAL sees international flights recovering to 45% of pre-COVID level

Airline forecasts $345m net profit for fiscal 2022, helped by domestic demand

6 May 2022
Growth in Vietnam's air freight industry is speeding up as the Southeast Asian nation lures foreign manufacturers.
Transportation

Vietnam's air freight industry accelerates despite COVID pandemic

National conglomerate targets air cargo, overseas operators ramp up

4 May 2022
Russia has adopted measures allowing Aeroflot and other domestic airlines to retain aircraft leased from foreign companies. 
Ukraine war

Asian lessors take losses on failure to recover jets from Russia

Avolon and Aircastle record $550m in asset write-offs for stranded planes

4 May 2022
Qantas is betting on demand for nonstop flights to London and New York on the long-range Airbus A350-1000. (Photo courtesy of Qantas)
Transportation

Australia's Qantas orders Airbus jets for ultra long-haul flights

Airline plans service from Sydney to London and New York by end of 2025

2 May 2022
An Airbus A380 superjumbo jet operated by ANA is emblazoned with a sea turtle design in homage to Hawaii. (Photo by Shuntaro Fukutomi)
Transportation

ANA to restart superjumbo 'sea turtle' flights to Hawaii in July

As Honolulu bookings soar, Japanese airline's A380s will make regular trips

30 April 2022