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Tim Kelly

UPDATE 2-Japan Airlines forecasts record annual loss as pandemic takes toll on travel

30 Oct 2020

TOKYO, Oct 30 Japan Airlines Co Ltd (JAL) on Friday forecast a record operating loss for the year through March, and said it would retire planes early as the pandemic hits travel demand. Japan's second-biggest airline has, like other carriers, been hammered by a collapse in air travel demand. It said on Friday it planned to retire 24 of its Boeing 777 widebodies by March 2023, though its response is less aggressive than larger rival ANA Holdings Inc.

Japan's Mitsubishi Heavy freezes SpaceJet development to focus on other units

30 Oct 2020

TOKYO Mitsubishi Heavy Industries Ltd (MHI) , Japan's biggest aerospace manufacturer, said on Friday it would freeze development of its SpaceJet regional aircraft to focus on renewable energy and other businesses that will bolster profits.

Japan and U.S. begin major military exercise as concern about China grows

26 Oct 2020

ON BOARD JS KAGA Japan and the United States on Monday began air, sea and land exercises around Japan in a show of force in the face of increased Chinese military activity in the region.

Japan's Mitsubishi Heavy to freeze development of SpaceJet regional jet: sources

23 Oct 2020

TOKYO Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.

CORRECTED-UPDATE 2-Japan's Mitsubishi Heavy to freeze development of SpaceJet regional jet - sources

22 Oct 2020

TOKYO, Oct 22 Mitsubishi Heavy Industries will freeze development of its SpaceJet regional jet as the COVID-19 pandemic squeezes finances and erodes prospects for Japan's first passenger aircraft in half a century, two sources said.

RPT-Japan's plan to build missile defence system at sea faces mounting costs - source

22 Oct 2020

TOKYO, Oct 22 Basing Japan's missile defence systems at sea may cost at least twice as much to complete as its now-abandoned plans for Aegis Ashore ground-based sites and delay it to 2028, a person with knowledge of the plans told Reuters.

Japan's plan to build missile defence system at sea faces mounting costs - source

22 Oct 2020

TOKYO Basing Japan's missile defence systems at sea may cost at least twice as much to complete as its now-abandoned plans for Aegis Ashore ground-based sites and delay it to 2028, a person with knowledge of the plans told Reuters.

Analysis: Japan's ANA charts course through COVID with loans, domestic flights and accounting rules

16 Oct 2020

TOKYO Japan's biggest airline, ANA, has turned to billions of dollars in loans and a government tourism campaign to weather the slump in air travel and could take advantage of accounting rules to avoid aircraft writedowns.

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