Airline Finance News - Asia / Pacific.Apr 30, 2007 China's airlines maintained their rapid growth rate in the first quarter, enjoying a 15.9% year-over-year rise in passengers to 40.9 million and a 13.3% gain in freight to 858,000 tonnes, according to CAAC CAAC Civil Aviation Administration of China CAAC Civilian Agency Acquisition Council CAAC Capital Area Activities Conference (Lansing, Michigan, USA) CAAC Clean Air Action Corporation CAAC Citizens' Action Against Crime statistics released yesterday. International numbers lifted significantly. International passengers climbed 23.9% to 3.8 million and freight rose 25.1% to 238,000 tonnes. CAAC attributed the improvement to growth in both imports and exports as well as airlines' capacity increases. Apr 25, 2007 IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. is urging Asian airlines to play more of a leadership role in shaping global aviation developments given their rapid growth in recent years. IATA director general Giovanni Bisignani made the call when giving a speech in Singapore recently, saying that "critical mass comes with leadership responsibilities". Apr 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 said March load factor rose 7 points to 79.5% on a 8.3% gain in traffic and a 1.3% fall in capacity. Apr 23, 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 reported a 2006 net loss of 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. 2.78 billion ($359.8 million), reversed from a net profit of CNY60 million in the prior year, on a 39% drop in operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. to CNY36.8 billion. Apr 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 reported a first-quarter net loss of CNY188 million ($24.3 million), narrowed from a CNY665 million deficit in the year-ago quarter, on a 26.1% year-over-year lift in operating revenue to CNY11.89 billion. Operating expenses rose 24.3% to CNY10.58 billion. Industry analysts cited falling domestic oil prices and the appreciation of the yuan as key to CZ's improved performance. UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System Asia-Pacific Chief Economist Jonathan Anderson said Chinese carriers will benefit from a further 6%-7% appreciation in the yuan in 2007 while CITIS CITIS Contractor Integrated Technical Information Services CITIS Contractor Integrated Technical Information System Chief Aviation Analyst Ma Xiaoli noted that the decline in domestic oil prices to CNY90 per ton will result in a CNY130.4 million boost to CZ's net income in 2007. Apr 26, 2007 China Southern Airlines China Southern unveiled details of its split share reform program, under which it will distribute 14 stock warrants per 10 circulating A shares, representing an additional 1.597 shares per 10 A shares. It committed not to sell or transfer its 50.3% holding for three years following conclusion of the split share reform. Apr 26, 2007 Jet Airways Jet Airways completed its INR INR In currencies, this is the abbreviation for the Indian Rupee. 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. 14.5 billion ($344 million) acquisition of Air Sahara Friday with a INR4 billion payment for the remaining shares. Jet appointed a management team led by Garry Kingshott to manage Sahara's transition to a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. called JetLite. Apr 23, 2007 Qantas Airways Qantas announced an agreement with State Capital Investment Corp., the investment holding arm of the Vietnamese government, to purchase 30% of Pacific Airlines, the country's second-largest carrier. Financial details were not disclosed on a deal first flagged by this website three months ago. Qantas CFO See Chief Financial Officer. Peter Gregg said the transaction should be completed within the next two months, "supporting Jetstar's growth strategy and enabling us to extend our reach in Southeast Asia." QF will help Pacific develop a new business plan and grow its small 737-400 fleet used on domestic routes and to Taiwan. "Pacific Airlines' strategy is to reposition itself as a low-cost carrier and expand within Vietnam and internationally," Gregg said, with Jetstar playing a major role. Insiders suggest that Pacific will lease at least two 787s from Jetstar from 2009. Apr 27, 2007 Qantas Airways In a desperate bid to gets its A$11.1 billion ($9.29 billion) buyout of Qantas off the ground, Airline Partners Australia Airline Partners Australia (APA) is a consortium that made a AU$5.45 per share takeover offer for Australian airline Qantas in December 2006. The takeover offer received the endorsement of the Qantas board in the absence of a better offer, however the proposed takeover failed to announced over the weekend that the May 4 deadline will not be extended while repeating its warning that share prices will fall if its bid fails. Apr 24, 2007 Qantas Airways Qantas Airways informed the Australian Stock Exchange Australian Stock Exchange (ASX) Australia's major securities market, formed when the six state stock exchanges (Adelaide, Brisbane, Hobart, Melbourne, Perth, and Sydney stock exchanges) were merged in 1987. in a Friday filing that shareholder acceptances to Airline Partners Australia's offer declined to 27.48% from 28.86% as institutional investors sold off shares held in an Institutional Acceptance Facility. The 28.86% figure represented a midweek decrease from 30.06%. Apr 23, 2007 SpiceJet SpiceJet announced the appointment of former Whirlpool of India Director-Finance/Commercial Ptha Sarathi Basu as CFO. Apr 25, 2007 Spring Airlines Spring Airlines, in this year's first quarter, Chinese carriers' domestic passengers rose 15.1% . Due to fierce competition and falling capacity, airlines struggled on routes to Hong Kong and Macau. Passengers increased just 3.8% year-over-year to 1.3 million while cargo plunged 11.9% to 37,000 tonnes. Privately held Spring Airlines reported the highest first-quarter load factor with 94.5%. Apr 25, 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 23, 2007 |
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