Airline Finance News - Asia / Pacific.Aug 27, 2007 Air China Air China will invest CNY CNY In currencies, this is the abbreviation for the China Renminbi. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5 billion ($657.9 million) to establish the country's largest flight simulator flight simulator, device providing a controlled environment in which a flight trainee can experience conditions approximating those of actual flight. A simulator generally consists of an enclosure housing a working replica of the interior of the cockpit of an training base. It will be located in Shunyi District in suburban Beijing. CA reached a deal with district authorities yesterday. The complex will comprise 30 full-motion flight simulators, eight fixed-base simulators, a cabin crew cabin crew cabin n (Aviat) → équipage m training center, MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. training center, ground-handling service training center and other relevant support facilities that the airline said will help reduce its long-term dependence on foreign training resources. CA's current fleet numbers 207 aircraft and it expects that to rise to 306 by 2010. Aug 23, 2007 Air New Zealand Parameter not given Error... ''Template needs its first parameter as beg[in], mid[dle], or end. Parameter not given Error... Air New Zealand reported a 6.7% year-over-year growth in July passenger numbers and an 11.4% rise in RPKs to 1.4 billion. Load factor was up 6.2 points to 82.2% and yield increased 0.2%. Aug 24, 2007 Air New Zealand Air New Zealand is set to announce a new lower-cost, higher-value domestic product next Tuesday when it announces its fiscal-year results. The indication came yesterday in a press release issued in response to Virgin Blue's announcement that it will launch New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. domestic services within 12 months. Air New Zealand Group GM-Shorthaul Airline Norm Thompson Norman Jack Thompson (born March 5, 1945) is a National Football League cornerback who played with the St. Louis Cardinals and the Baltimore Colts. He became in 1977 the first free agent in NFL history to sign with another team, when he went to the Colts from the Cardinals. said: "Since Air New Zealand announced several months ago that it had a significant review of its domestic operations underway that were expected to yield the next evolution in the travel experience within New Zealand, we have heard murmurings of competitors bringing forward their launch plans." He added that ANZ ANZ Australia and New Zealand ANZ Australia and New Zealand Banking Group Limited ANZ Air New Zealand (NZ national airline) "remain[s] confident that the initiatives we will unveil at our annual result. . .will herald a new era for low-cost, efficient and comfortable domestic air travel." Aug 22, 2007 British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. , Korean Air  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . British Airways, Korean Air each fined $300 million. British Airways and Korean Air both pleaded guilty to antitrust conspiracy charges yesterday, and each was fined $300 million. The carriers admitted colluding with other airlines to set cargo rates and fuel surcharges, which were added to fares to offset rising oil prices. Both airlines agreed to cooperate with the U.S. Justice Department as the investigation continues. Aug 24, 2007 China Eastern Airlines China Eastern Airlines Corporation Limited (Simplified Chinese: 中国东方航空股份有限公司) (SSE: B>600115 China Eastern Airlines Corporation, announces that, following a request made by the Company to the Stock Exchange of Hong Kong Stock Exchange of Hong Kong (SEHK) Only stock exchange located in Hong Kong. Limited, trading in its H shares has been suspended with effect from 9:47 a.m. on May 22, 2007 pending the release of an announcement of the Company, the nature of which is price-sensitive. Aug 23, 2007 China Southern Airlines China Southern Airlines (中国南方航空公司) (SEHK: 1055, NYSE: ZNH) is an airline based in Guangzhou in the Guangdong province of the People's Republic of China. China Southern Airlines Company announced the unaudited consolidated results of the Company and its subsidiaries for the six months ended 30 June 2007, prepared in accordance with International Financial Reporting Standards International Financial Reporting Standards (IFRS) are standards and interpretations adopted by the International Accounting Standards Board (IASB). Many of the standards forming part of IFRS are known by the older name of International Accounting Standards (IAS). and PRC Accounting Standards. Aug 21, 2007 Kingfisher Airlines Kingfisher Airlines Limited is an airline based in Bangalore, India. It is a major Indian luxury airline operating an extensive network to 34 destinations, with plans for regional and long-haul international services. UB Group Plans US Flights In 2008 India's UB Group plans to start flights to the United States by April 2008 through either Kingfisher Airlines or Air Deccan, in which it recently bought a stake, chairman Vijay Mallya said on Tuesday. Aug 21, 2007 Malaysia Airlines Malaysia Airlines appointed George Snyder as its senior technical consultant-safety and security. Snyder was closely associated with the operational and safety turnaround at Korean Air in the early part of the decade when he served there as senior VP-corporate safety, security and compliance. Prior to that he was US Airways' VP-safety and regulatory compliance. Aug 23, 2007 Qantas Airways Qantas said yesterday it will invest A$50 million ($40 million) to improve and expand its domestic terminal at Perth, with work set to commence by year end. It also revealed that it conducted an audit of all its aircraft maintenance workers after "discovering irregularities in documentation relating to the qualifications of one of its engineering employees." No other problems were found, QF said, adding that the worker in question resigned. Aug 22, 2007 Qantas Airways Qantas CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Geoff Dixon will quit the airline after his current contract expires in July 2009. Speaking on Australia's Sky News Business Sunday, Dixon said, "There is a time to move on, and I don't think the board or I would contemplate anything after the time we've said, unless there is something out there I don't see. I really do think it would be time to move on." Aug 21, 2007 Qantas Airways, JetStar Airways Qantas low-cost subsidiary JetStar Airways, which will restore service to markets that Qantas abandoned. "We're obviously moving it into international areas, and it will go into routes where we know Qantas finds it very difficult to make money," he told viewers. "Places like Greece and Italy, I believe they can make that viable with the new aircraft they get in August [2008]. The Boeing 787s will enable a one-stop flight to Athens via Bangkok." Aug 21, 2007 Qantas Airways, Sabre Sabre is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of rolling out with Qantas its Sabre Branded Fares product, which is part of a larger effort to allow airlines to merchandize, unbundle To sell components in a system separately. Contrast with bundle. and further differentiate fare offerings through the global distribution system, the company said today. Although initially available only for domestic Australian fares, Sabre said it is in discussions with other carriers in "nearly every market" to leverage the new fare display platform, with plans to make the offering available globally. Aug 20, 2007 Singapore Airlines Singapore Airlines announced that it received court approval for a share buyback through a capital reduction that will see it cancel one share for every 15 held, paying shareholders S$18.46 ($12.07) per cancelled share. SIA Sia (sī`ə) or Siaha (sī`əhə), in the Bible, family returned from the Exile. SIA - Serial Interface Adaptor said it will carry out the cancellation on Sept. 7. Aug 23, 2007 SpiceJet SpiceJet plans to launch short-haul international services next year, the Centre for Asia Pacific Aviation reported. The carrier said that the flights are subject to the relaxation of a government restriction that prohibits airlines from flying internationally in their first five years of operation. A SpiceJet official told CAPA CAPA California Alternate Performance Assessment CAPA Captaris, Inc (stock symbol) CAPA Confederation of Asian and Pacific Accountants CAPA Creative and Performing Arts (school) the carrier expects that timeframe to change to three years. It plans to raise up to $80 million to help finance the acquisition of 10 new aircraft for delivery beginning in 2009, CAPA said. SpiceJet currently flies 14 Boeing 737-800s to 14 domestic destinations. It reported a $17.3 million loss for the fiscal year ended March 31. Aug 21, 2007 UB Group, Kingfisher, Air Deccan India's UB Group owns 83 percent in two-year-old Kingfisher. It bought 26 percent in budget carrier Deccan Aviation in May and has made an open offer to buy a further 20 percent. The offer was delayed after India's capital market regulator earlier this month raised queries on the funding for the offer. UB chairman Mallya said funds were already in place to cover the offer. Deccan's managing director, G.R. Gopinath, said the firm hoped to start making a profit from the first quarter of the financial year 2008/09. Kingfisher and Deccan, which together have more than 30 percent of the domestic market, compete with state-run Air India and private airlines including Jet Airways, SpiceJet, GoAir and IndiGo. Aug 21, 2007 UB Group, Kingfisher, Air Deccan India's UB Group plans to start flights to the United States by April 2008 through either Kingfisher Airlines or Air Deccan, in which it recently bought a stake, chairman Vijay Mallya said on Tuesday. UB filed applications with U.S authorities two weeks ago for flights from India's IT hub of Bangalore to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and San Francisco, he said. India only permits airlines that have been operational for at least five years to fly overseas. Private airline operators have been lobbying for that rule to be relaxed as the domestic market gets increasingly crowded and competitive. "Air Deccan will be five years old in 2008. If norms for flying abroad are not relaxed, we will fly Air Deccan," Mallya told reporters on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. of a business conference. Aug 21, 2007 Virgin Blue Virgin Blue Airlines and its three-year old New Zealand subsidiary Pacific Blue have announced major plans for a new domestic airline for New Zealand with flights commencing in November 2007. The successful Pacific Blue brand will be used. Aug 23, 2007 Virgin Blue Virgin Blue Doubles Profit On Strong Demand. Australian airline Virgin Blue almost doubled its full-year earnings after attracting more corporate travelers, helping offset rising fuel bills. Virgin Blue, Australia's second-largest airline, said it expected further revenue growth this year but also higher costs as it sets up new services in New Zealand and to the United States. Net profit for the year to June 30 was AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $216 million (USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $174 million) compared with AUD$112 million a year earlier. Net profit before one-off items was AUD$232 million. Aug 21, 2007 Virgin Blue Virgin Blue rival Qantas Airways said last week passenger demand had pushed up annual earnings 50 percent and tipped a strong year with no sign of a let up in appetite for air travel. Virgin Blue said it has 49 percent of its fuel requirements hedged for the current year and 77 percent of its currency requirements hedged. The company last month said it planned to launch a new airline called V Australia to fly on routes between Australia and the United States. The plan still needs US regulatory approval. Aug 21, 2007 ZZ Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group / Air Travel Media. All rights reserved. |
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