Airline Finance News - Asia / Pacific.Apr 23, 2007 All Nippon Airways All Nippon Airways released a revised nonconsolidated forecast for its fiscal year ended March 31 reflecting last week's [yen]281.3 billion ($2.37 billion) sale of its hotel assets to a fund managed by Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. . A [yen]7 billion reversal to an extraordinary gain in
the allowance for bad debt related to the hotel subsidiaries and [yen]4
billion in applied tax effect accounting principles to the valuation
loss on the transferred shares will impact the company's balance
sheet for the just-completed fiscal year. ANA now expects to report a
[yen]30 billion profit for the 12-month period, up from the previously
forecast [yen]19 billion and a 6.6% increase on the previous year's
[yen]28.14 billion profit. The gains will not impact operating results.
ANA projects an operating profit Operating profit (or loss)Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of [yen]74 billion, up 6.3%, on a 10.2% rise in revenue to [yen]1.29 trillion. Apr 20, 2007 ANA Group, All Nippon Airways All Nippon Airways[sup.1]s ANA Group announced the sale of its 14 hotel subsidiary companies, including 13 hotels, to YK Shiroyama Properties, a fund managed by Morgan Stanley, for [yen]281.3 billion ($2.36 billion). The company had revealed its intention last December to dispose of To determine the fate of; to exercise the power of control over; to fix the condition, application, employment, etc. of; to direct or assign for a use. See also: Dispose the hotels . It said the asset transfer "is expected to give rise to an extraordinary profit for the financial year ended March 31, 2008," and that it will reveal the exact effect on its anticipated results once the book value of the transferred shares is calculated. Apr 16, 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 reports first profit in four years, continues expansion China Southern Airlines returned to profit for the first time in four years in 2006, reporting 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. 188 million ($24.3 million) in net earnings under international accounting standards, a reversal from a loss of CNY1.85 billion in 2005, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a filing with the Shanghai Stock Exchange Shanghai Stock Exchange One of two major securities markets in China. cited by press reports. Apr 18, 2007 Garuda Indonesia PT (Persero) Perusahaan Penerbangan Garuda Indonesia, abbreviated to Garuda Indonesia, is the national airline of Indonesia. It is named after the mythical bird Garuda. In Indian Vedic tradition, Garuda is the carrier of the Hindu god Vishnu. Ex-Garuda Chief Arrested In Murder Probe A former head of Indonesian carrier Garuda and another airline official have been arrested in connection with the murder of a leading rights campaigner who was poisoned during a flight, an airline lawyer said. Apr 17, 2007 Grand China Air Grand China Air, the company established in 2004 combining HNA HNA Hereditary Neuralgic Amyotrophy HNA Hawaii Nurses Association HNA High North Alliance HNA Morioka, Japan - Hanamaki (Airport Code) HNA Hospice Nurses Association (now Hospice and Palliative Nurses Association) Group's Hainan Airlines "CHH" redirects here. For the form of dwarfism known as CHH, see cartilage-hair hypoplasia. Hainan Airlines (Chinese: 海南航空公司; Pinyin: Hǎinán Hángkōng Gōngsī , Xinhua Airlines, Changan Airlines and Shanxi Airlines Shanxi Airlines is an airline based in Taiyuan in the People's Republic of China. It operates scheduled domestic passenger services. Code Data
CAAC Civilian Agency Acquisition Council CAAC Capital Area Activities Conference (Lansing, Michigan, USA) CAAC Clean Air Action Corporation CAAC Citizens' Action Against Crime , the Centre for Asia Pacific Aviation said. The way now is paved for Grand China to complete a listing in Hong Kong, possibly as early as the second half of this year. CAPA CAPA California Alternate Performance Assessment CAPA Captaris, Inc (stock symbol) CAPA Confederation of Asian and Pacific Accountants CAPA Creative and Performing Arts (school) Executive Chairman Peter Harbison said the listing could raise up to $500 million. Hainan, once a leisure-only carrier, now derives 16% of its capacity from Beijing and only 9% from Haikou, the capital of Hainan Province. It plans to add two Boeing 737-800s, three Airbus A319s and two A330s to its fleet of 101 aircraft this year. HNA Group's expansion plans also include its new regional, Grand Xinhua Express Apr 17, 2007 Jet Airways, Air Sahara Jet Airways eyes expansion, re-branding; Air Sahara to become Jetlite Jet Airways, whose agreement last week to acquire Air Sahara will give it control of about half of India's domestic market, yesterday unveiled major re-branding initiatives for both carriers, including a fleet expansion to support Jet's international services that eventually will incorporate an order for 10 787s valued at $1.6 billion. Apr 17, 2007 Qantas Airways Airline Partners Australia's plan to pay itself approximately A$4 billion ($3.33 billion) in the first year following its proposed takeover of Qantas has thrust the deal back into the headlines, with the move being slammed by politicians, unions and pundits. Outspoken Sen. Barnaby Joyce (National-Queensland) led the political charge, telling The Sydney Morning Herald that APA (All Points Addressable) Refers to an array (bitmapped screen, matrix, etc.) in which all bits or cells can be individually manipulated. APA - Application Portability Architecture is "not playing with their money. They are playing with everybody else's money and they are playing with our economy." Apr 17, 2007 Qantas Airways Unions predictably are furious and are seeking assurances about the security of A$690 million in workers' entitlements following revelations of new debt levels. Noted business commentator Terry McRann wrote in The Australian that the incentive shreds the QF board's argument that "Qantas's biggest challenge [and thus justification for the buyout] was getting money into its balance sheet to finance its A$13 billion aircraft re-equipment program." He argued that either APA should give accepting shareholders the option to take back their stock or the QF board should refer the matter to the Australian Takeover Panel. Apr 17, 2007 Singapore Airlines Singapore Airlines flew 7.82 billion RPKs in March, a 9.8% increase over the year-ago month. Capacity climbed just 0.9% to 9.49 billion ASKs, lifting load factor 6.6 points to 82.4%. Apr 17, 2007 ZZ Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact 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, free service that aims to keep travelers informed flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Air Travel Media / Pyramid Media Group. All rights reserved. Apr 16, 2007 |
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