Airline Finance News - Asia / Pacific.Sep 10, 2007 Chile and India have signed a bilateral agreement establishing an open skies  This article is written like a personal reflection or and may require .Please [ improve this article] by rewriting this article in an . policy for air cargo air cargo: see aviation. and liberalizing passenger transport services, Chile's Civil Aeronautic aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau Council (JAC JAC Journal of Antimicrobial ChemotherapyJAC Joint Astronomy Centre JAC Joint Advisory Committee (Board of Directors for SEI) JAC John Abbott College JAC Juvenile Assessment Center JAC Joint Analysis Center ) said on Monday. The two countries previously had a more limited agreement, but the new treaty grants cargo transport "unlimited numbers of these services from and to Chile or India, using any type of aircraft and with full traffic rights to, from, or via any intermediary," the government said in a statement. The statement said rights to cabotage cab·o·tage n. 1. Trade or navigation in coastal waters. 2. The exclusive right of a country to operate the air traffic within its territory. -- the transport of cargo between two points within a country by a foreign carrier -- were excluded. Governments of Chile and India said the agreement would also help to increase air passenger traffic between the two countries. The Chilean government said trade between Chile and India has increased six times in the last five years. Sep 4, 2007 Travel to and from China, the world's fourth-largest economy, is expected to continue climbing alongside its double-digit economic growth, dwindling dwin·dle v. dwin·dled, dwin·dling, dwin·dles v.intr. To become gradually less until little remains. v.tr. To cause to dwindle. See Synonyms at decrease. restrictions and increasingly open skies. Morgan Stanley estimates that global airline seat capacity will expand 3.8 percent in 2007 and 5.2 percent in 2008 -- driven largely by Asia. For Asia alone, those estimates rise to 8-9 percent for 2008-09, versus 5 percent in 2007. Sep 4, 2007 Air India, Star Alliance Indian Civil Aviation Minister Praful Patel yesterday informed the Lok Sabha (lower house of parliament) that the merged Air India's board voted to join Star Alliance, according to the United News of India United News of India (UNI) is one of the two primary Indian news agencies. It works in collaboration with several foreign news agencies and partners, including Reuters and DPA. UNI began its operations on March 21, 1961, though it was registered as a company in 1959. news service and The Economic Times. With alliances becoming increasingly interested in the growing Indian market, the combination of Air India and Indian Airlines appeared to be the big prize. Patel told parliament that the board intended to begin discussions with AI management on initiating the joining process, according to the reports. No other details were revealed, and neither the airline nor the alliance issued a statement. Sep 6, 2007 Hainan Airlines Hainan Airlines 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. 189.71 million ($25.18 million) net profit in the first half of 2007, a better-than-eightfold increase over CNY20.8 million earned in the year-ago period, on a 13.1% lift in operating revenues to CNY6.53 billion. Sep 3, 2007 Jet Airways Jet Airways has said it is looking at increasing the share of overseas operations to half its revenue by 2009 as the Indian market becomes increasingly competitive. UB Holdings, which controls Kingfisher Airlines, has said it will fly to the United States from 2008 either with Kingfisher or Deccan Aviation, in which it recently bought a stake. Sep 7, 2007 Jet Airways Jet Airways, India's top private airline, is delaying a planned 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. $400 million rights issue because of the recent turmoil in global credit markets, according to its chairman. Jet's Airways' board had approved raising up to USD$400 million by way of a rights issue in June to finance its expansion and overhaul of Air Sahara, which it bought in April. Jet launched its US flights in August. It plans to add 50 destinations in Europe and more flights to North America, the airline said. It also flies to south and south east Asia and London. Air India launched its competitive non-stop flight 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 in August. Sep 7, 2007 Singapore Airlines, 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 Singapore Airlines and its parent Temasek agreed to purchase 15.7% and 8.3% stakes respectively in China Eastern Airlines, giving them a combined 24% holding valued at HK7.15 billion ($917 million). Sep 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 our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new real-time service that keeps travelers informed on flight and airport status, delays, security wait times 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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