Airline Finance News - Asia / Pacific.May 6, 2007 U.S.-China Open-Skies agreement remains to be seen: Aviation talks between U.S. government and Chinese officials last week in Chengdu, China, did not produce a new open-skies agreement. However, there is hope that such an agreement can be reached before this month's Strategic Economic Dialogue in Washington. Major U.S. airlines are interested in increasing their access to Chinese airports. May 1, 2007 All Nippon Airways All Nippon Airways / ANA Group's fiscal year that ended on March 31, concluded with net earnings of [yen]32.6 billion, representing the second-highest profit in the company's history and a 22.2% increase over earnings of [yen]26.7 billion in the previous 12-month period. Apr 30, 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' troubles continued into the first quarter as it posted a 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. 510.9 million ($66.26 million) loss, narrowed from a CNY955.1 million deficit in the year-ago quarter. Apr 30, 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. , SkyTeam China Southern Airlines will join SkyTeam formally by year end, Group MD and CZ Chairman Liu Shaoyong announced Saturday at a summit between Chinese civil aviation leaders and the alliance in Sanya. "As we are accelerating the process of conformity to SkyTeam requirements, plus the dense domestic network we already have, China's air transport industry will certainly enhance service levels and operating standards, which in the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile will also attract more foreign passengers to our airports and hence improve Chinese airports' international reputation," he noted in his speech at the event. China Southern signed a letter of intent with SkyTeam in August 2004. Last year it agreed to initiate improvement and restructuring of its IT, loyalty program and sales and marketing procedures as well as human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. training. May 1, 2007 Qantas Airways Qantas Bid On Knife Edge Ahead Of Deadline The world's biggest airline buyout, an 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. $11 billion offer for Australia's Qantas Airways, hung in the balance on Friday after the bidders reported a small rise in shareholder acceptances just hours ahead of a final deadline. May 4, 2007 Qantas Airways Qantas Bid Group Has 12.57 Percent Voting Power A consortium bidding for Australia's Qantas Airway on Monday stepped up pressure on investors to accept its AUD$11 billion (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. $9.1 billion) offer, which will lapse if it fails to secure 50 percent support by Friday. Apr 30, 2007 Qantas Airways, 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 Airline Partners Australia's five-month race to acquire Qantas will reach the finish line today at 4 p.m. Australian Eastern Time, by which time the consortium must have 50% acceptance. It has gained some ground, announcing yesterday that it has secured 32.96%, up from just 25.94% 24 hr. earlier, while its voting power has risen to 27.78% from 17.63%. Expectations are that it will reach its target in a last-minute rush of acceptances, enabling it to extend the deadline for the required 70% by two weeks. However, many of the institutions and hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" that control a combined 83% of the stock believe 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 will return with a better offer if the current bid fails, while others want to keep their stakes and reap the dividend payout planned by APA . May 4, 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 Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; 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 30, 2007 |
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