SPRING AIRLINES IPO TO RAISE $1.2B
Spring Airlines aims to raise more than $1.2 billion in an initial public offering (IPO) in the first quarter of 2012. The budget Chinese carrier need to raise funds to help finance its expansion ambi...
Spring Airlines aims to raise more than $1.2 billion in an initial public offering (IPO) in the first quarter of 2012. The budget Chinese carrier need to raise funds to help finance its expansion ambi...
Air New Zealand has reported a strong rebound in demand for its trans-Tasman operations have but despite this the airline is still anticipating a second half loss amid high fuel prices and natural dis...
Pilots on international routes at Qantas have begun a two-day strike over a dispute over pay and conditions – this is its first industrial action in 45 years. Unauthorised announcements were made on f...
The new low cost carrier being set up by Singapore Airlines (SIA) will operate a fleet of Boeing 777-200 aircraft acquired from SIA but reconfigured into a new seating layout. ...
Chinese airlines have reported an aggregate net income of CNY12.78 billion ($1.98 billion) for the first half of 2011, representing a 26% over a net profit of CNY10.14 billion reported in the year-ago...
All Nippon Airways and AirAsia have jointly created a new low-cost carrier called AirAsia Japan. The new airline, which will begin domestic and international services from August 2012, will be based a...
Mohamed Munir Abdul Majid, chairman of Malaysia Airline, will leave the airline on July 31 when his contract expires as part of its restructuring process. No reason was given for his departure. Bernar...
Virgin Australia and Etihad Airways are reviewing their proposed thrice-weekly service from Brisbane to Abu Dhabi from February 2012. Etihad chief commercial officer Peter Baumgartner said it was not ...
Qantas is planning to speed up modifications of Rolls-Royce RB211 engines powering its Boeing 747-400 fleet to solve the problem caused by cracked high-pressure compressor blades, which Rolls-Royce ac...
The International Air Transport Association’s quarterly business confidence survey states that even though profit margins continued to be squeezed in the second quarter, confidence has returned and so...
Passenger traffic for the second quarter at Cebu Air rose 15% thanks to increased demand from foreign travellers. The airline flew 3.1 million passengers from April to June – keeping the carrier on tr...
Air India is planning to raise $832 million (Rs 3,745 crore) to fund its 787 deliveries, the first of which arrives in October. The airline is hoping to get support from the US Export Import bank, wit...
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