Airline Finance News - Asia / Pacific.Aug 20, 2007 Centre for Asia Pacific Aviation (CAPA CAPA California Alternate Performance Assessment CAPA Captaris, Inc (stock symbol) CAPA Confederation of Asian and Pacific Accountants CAPA Creative and Performing Arts (school) ) estimates India's domestic air passengers will rise from 25 million in 2005/06 to about 60 million by 2010. However, 10 airlines, which added 150 aircraft in the last two years, have on order another 500. Supply has outstripped demand so much that carriers such as GoAir give away tickets for free while Deccan and SpiceJet sell some for as low as a few rupees to lure travelers. Aug 17, 2007 Consolidation in the Indian airline industry is also changing schedules. JetLite, formerly Air Sahara, is reworking its route network after Jet Airways Jet Airways (India) Ltd. is an airline based in Mumbai, India, operating domestic and international services. It operates over 330 daily flights to 50 destinations across the country and 6 overseas. acquired it in April. Airlines buoyed by the sector's more-than-25 percent annual growth have increased frequency and added new cities in the last three years, often stretching India's ageing airports. Aug 17, 2007 India's airlines are trimming the frequency of services on busy routes and withdrawing from unprofitable ones in a bid to reclaim pricing power Pricing Power An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand. and turn profitable, industry players and analysts said. Airlines are also renting freed aircraft to foreign carriers or returning planes to leasing firms to stem losses. Aug 17, 2007 China To Rein In to check the speed of, or cause to stop, by drawing the reins. to cause (a person) to slow down or cease some activity; - to rein in is used commonly of superiors in a chain of command, ordering a subordinate to moderate or cease some activity deemed excessive. See also: Rein Rein Airline Growth. China will tighten control on the approval of new airlines, cut flights at its busiest airport in Beijing and raise safety checks, worried that the industry is expanding dangerously fast, the regulator said on Wednesday. No applications for new airlines will be accepted before 2010 and the growth of those already in operation will be controlled, the General Administration of Civil Aviation of China said in a statement. Aug 15, 2007 General Administration of Civil Aviation of China said a plethora of new airlines have appeared since 2005, including Okay Airways Okay Airways (Chinese: 奥凯航空公司; Pinyin: Aòkǎi Hángkōng Gōngsī) is an airline based in Tianjin, People's Republic of China. , Spring Airlines and Juneyao Airlines Juneyao Airlines (Chinese: 吉祥航空; Pinyin: Jíxiáng Hángkōng) is an airline based in Shanghai, China. It is a private airline operating domestic services from Shanghai. , after the government allowed private companies to enter the sector and opened it up further to foreign investment. The market's growth, on the back of an economic boom and rising incomes, has attracted attention not only from aircraft manufacturers Boeing and Airbus, but also the likes of Singapore Airlines  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , the world's biggest airline by stock market value. Yet despite billions of dollars spent to build new airports and upgrade old ones, delays are frequent as the infrastructure struggles to keep up. Aug 15, 2007 Air Deccan Air Deccan's rival budget carriers SpiceJet and GoAir have also scaled back. While Go flies to 11 cities from 14, SpiceJet has cut frequency on the Mumbai and Goa routes. Go flew seven planes in March but has since sent three back to leasing firms. "GoAir has a unique flexible feet management plan. The objective is to ensure path to profitability," a senior GoAir official said. SpiceJet has leased its aircraft to a European carrier to offset low demand and earn lease income at the same time. Aug 17, 2007 Air Deccan Deccan Aviation Deccan Aviation is an aviation company based in Bangalore, India that owns the airline Air Deccan and operates helicopter and fixed-wing charter services. Its main base is HAL Bangalore International Airport[3]. , which runs budget carrier Air Deccan, kicked off the exercise about a year ago by pulling out of Nashik and Agra after the two routes continued to make losses, a spokeswoman said. Deccan, which has the 'common man' as its mascot and targets first-time fliers, provided connectivity to several towns for the first time, only to be hit by record losses. It has the largest network, among Indian carriers, of 65 cities and towns. The no-frills airline had posted a net loss of 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. 2.13 billion rupees in the quarter to March, the last reported, and analysts do not expect it to turn profitable before 2008/09. Aug 17, 2007 Air India Air India (formerly Air-India, Hindi: एअर इंडिया) is the national flag carrier of India with a worldwide network of passenger and cargo services. , Air India Express Air India, in a written reply to a question in parliament, said Air India's budget carrier, Air India Express, planned to start domestic operations from October in addition to its existing international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. . The government recently merged state-run carriers Air India and Indian into a new company, National Aviation Company. The merger is expected to take two years to complete. Aug 15, 2007 Air India, JAT Air India Has No Plans To Buy JAT. Air India has no plans to buy Serbia's state-owned carrier JAT and is yet to decide on a proposal from JAT for a strategic alliance, Civil Aviation Minister Praful Patel Praful Patel (born February 17, 1957, Kolkata) is an Indian Member of Parliament. He currently if minister of state of Ministry of Civil Aviation of India. Shri Patel graduated in Commerce prior to joining the family business with diverse interests in bidis, tobacco, told parliament on Tuesday. The Serbian government plans to privatize JAT, whose assets including its 20-year-old fleet mainly of Boeing 737 planes and real estate are estimated to be worth 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. $150 million. In June, an Air India spokesman said the carrier was considering a strategic alliance with JAT, and could later bid for an equity stake if there was an agreement on the valuation and sharing of profits. Aug 15, 2007 Air Vanuatu Air Vanuatu is an airline based in Port Vila, Vanuatu. It is the national airline operating to Australia, New Zealand and points in the South Pacific. Its main base is Bauerfield International Airport, Port Vila, with hubs at Brisbane Airport and Santo-Pekoa International Airport, Vanuatu government will sell a minority stake in flag carrier Air Vanuatu, with World Bank Group member IFC (Internet Foundation Classes) A class library from Netscape that provides an application framework and graphical user interface (GUI) routines for Java programmers. IFC was later made part of the Java Foundation Classes (JFC). See JFC, AFC and AWT. See also ICF. advising. Air Vanuatu operates to Sydney, Auckland, Brisbane, Nadi and Noumea in addition to a number of domestic destinations, IFC said. According to the AirGuide Aircraft Fleets database, the carrier operates one 737-300, one ATR ATR Achilles tendon reflex, see Ankle reflex 42 and two Twin Otters. It has a 737-800 and three Y-12s on order. Aug 13, 2007 AirAsia X Virgin to invest in AirAsia X. A purchase by Sir Richard Branson of the Singapore International Airlines[sup.1] 49% holding in Virgin Atlantic Airways has not been ruled out. Asked in Kuala Lumpur, (Malaysia), where he announced a 20% investment by Virgin Group in AirAsia X, Sir Richard said: "Not for the moment, but you never know what might happen in the future." Aug 13, 2007 Airblue, Airbus, Boeing Airblue, which started operations in June 2004, also flies to Dubai and Manchester, and plans to expand its international routes. The International Finance Corporation (IFC), the World Bank's private sector arm, has agreed to provide financing worth USD$25 million for pre-delivery payments, and Airblue plans to get an ECA ECA See: Export Credit Agency (Export Credit Agency Export Credit Agency An agency established by a country to finance its nation's goods, investment, and services, often offers political risk insurance. ) credit to fund the purchase of its aircraft announced at the Paris Air Show The Paris Air Show (Salon International de l'Aéronautique et de l'Espace, Paris-Le Bourget) is an international trade fair for the aerospace business. It is held at Le Bourget airport near Paris, France every odd year, alternating both with the Farnborough International last June. Aug 17, 2007 Cathay Pacific Airways Cathay Pacific Airways and Dragonair flew a combined 7.26 billion RPKs in July, up 2.2% from the year-ago month. Capacity rose 0.8% to 8.59 billion ASKs and load factor improved 1.1 points to 84.6%. Aug 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 Airlines flew 7.7 billion RPKs in July, up 14.7% from the year-ago month. Capacity climbed 13% to 10.05 billion ASKs, lifting load factor 1.1 points to 76.6%. Aug 17, 2007 China Southern Airlines China Southern Airlines reached a deal with majority investor China Southern Air Holding Co., a state enterprise owning 50.3% of the carrier, to purchase the entire equity interest in China Southern Airlines Group Air Catering Co., the assets of Guangzhou BiHuaYuan Training Centre and the assets of Hong Kong-based Nan Lung Travel & Express (including its 51% stake in Nan Lung International Freight) for a combined 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. 269.5 million ($35.5 million). In turn, CSAHC will purchase CZ's 90% stake in the Guangzhou Aviation Hotel for CNY74.7 million. Aug 17, 2007 China Southern Airlines China Southern To Buy Catering Assets. China Southern Airlines said it would buy in-flight catering services, training facilities in Guangzhou, and the airline and air cargo agency service from its controlling shareholder for CNY269.51 million yuan (USD$35.53 million) in cash. The airline said in a statement late on Tuesday it would also sell all of its 90 percent stake in Guangzhou Aviation Hotel to the controlling shareholder, China Southern Air Holding, for CNY74.72 million yuan. China Southern Airlines said the deals aimed to optimize its assets structure and help tighten cost controls. Aug 15, 2007 Indian Airlines State-run Indian Airlines has withdrawn its Mumbai-Pune and Kolkata-Dhaka service citing losses, civil aviation minister Praful Patel said in a written reply to Parliament on Thursday. Loss-ridden carriers have sold aircraft and diluted equity to stay afloat. While SpiceJet is looking to raise funds for the third time, Deccan sold stake to rival Kingfisher Airlines. Jet Airways also plans to raise USD$400 million through a rights issue. Aug 17, 2007 Qantas Airways Qantas reportedly will spin off its loyalty program in the mold of Air Canada's Aeroplan, which will become part owner of the Australian carrier's Frequent Flyer frequent flyer Hospital practice A popular term for a Pt who is regularly admitted to a particular ER or health care facility, for various reasons program, according to newspaper reports in both countries. Neither Qantas nor Aeroplan is commenting, but major media outlets in both countries reported that Qantas, while keeping a controlling stake in Frequent Flyer, will list it publicly on the Australian Securities Exchange The Australian Securities Exchange (ASX) is the primary stock exchange in Australia. The ASX began as separate state-based exchanges established as early as 1861. Today trading is all-electronic and the exchange is a public company, listed on the exchange itself. in less than a year and is negotiating with Aeroplan to take a stake. Qantas[sup.1] Frequent Flyer program is estimated to be worth A$3 billion ($2.5 billion). Aeroplan was spun off in 2002 and has about 5 million members. Expanding beyond air travel rewards to hotels, resorts and other consumer services, it is widely considered a major success. It reported second-quarter revenue of C$220.3 million ($209.1 million), up 20.7% over the year-ago quarter, with operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. ahead 51.2% to C$47 million. Aug 15, 2007 Qantas Airways Qantas faces $47m fine for fixing. Qantas Airways is facing fines and claims for damages that could amount to at least $100 million after allegedly colluding with other airlines to fix fuel surcharges on its cargo flights to the US. The national carrier admitted last night that it will make a $47 million provision in this year's accounts to cover a potential fine imposed by North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. regulators who a fortnight ago hit British Airways and Korean Air with penalties totalling $700 million. The precise nature of Qantas's disclosure of its $47 million provision for the alleged price-fixing activities in its freight operation indicated that the airline may be involved in a deal with the US authorities to accept an agreed fine. Aug 13, 2007 Shenzhen Airlines Shenzhen Airlines plans to raise as much as $1 billion in an initial share sale to fund fleet expansion next year, according to a report in the South China Morning Post The South China Morning Post, together with its Sunday edition, the Sunday Morning Post, is a English-language newspaper of Hong Kong, with a circulation of 104,000. . As a privately run airline, Shenzhen has found it increasingly difficult to reach loan deals with banks owing to its high asset liability rate, even though it has posted net profits for 10 consecutive years. The carrier remains committed to its "369" strategy of expanding its fleet to 70 aircraft in three years, 100 in six and 160 in nine. It now operates 45 A320s and 737s. Aug 15, 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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