The Chinese government has cut domestic jet fuel prices by 9% to CNY 6,724 ($1,064) per ton and prices are now 12% down on last year. ICICI Bank has managed to offload its US$99m (430 crore) exposure ...
The Agricultural Bank of China (ABC) Financial Leasing Company has placed an order for 45 C919s. ABC Financial Leasing Co. is expanding its fleet size to meet growing demand for the air travel in the ...
A global outage of the travel transaction processor software Amadeus disrupting flights around Australia as staff were forced to check in passengers manually. The outage also led to a small number of ...
Cathay Pacific Airways has ruled out launching a low-cost subsidiary to better compete with its rivals. In an interview with the Financial Times, Chief executive John Slosar said Cathay had not lost g...
Three airlines: Philippine Airlines, Tiger Asia and Hainan Air, have informally raised interest in the low-cost regional carrier Zest Air. However, chairman of Zest Air Donald Dee has declared that th...
SriLankan Airlines has secured a $175m structured Islamic facility. The four-year loan subscribed in US dollars and UAE dirhams was arranged by Abu Dhabi Islamic Bank, Al Hilal Bank, Mashreq's Islamic...
Virgin Group, which owns Virgin Atlantic Airways, has confirmed that it has sold its 10% stake in AirAsia X to existing shareholders. “Virgin Group has a large number of new and exciting investment op...
Kingfisher Airlines is this week facing fresh renewed pressure from lenders and other companies with whom it finds itself indebted to. The difference this week from others before it is that lenders ar...
Hong Kong Airlines has taken delivery of its third A330-200 passenger aircraft to operate on its London Gatwick route. Each aircraft is configured with just 116 seats in an exclusive all Club Class of...
The Indonesia National Air Carriers Association has declared that Indonesia needs to accelerate its push to groom more pilots to cope with the expansion of the country's airlines. The Association fore...
It has emerged that Japan Airlines (JAL) will benefit from a tax break from the government as it returns to profitability. JAL does not have to pay US$4.5 billion in taxes on future profits. All Nipp...
Singapore Technologies Engineering Ltd (ST Engineering) has announced that further to our announcement on June 8, 2012, Vision Technologies Aerospace Incorporated (VT Aerospace) has received approval ...
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