FLOODS IMPACT VIRGIN BLUE HALF YEAR PROFITS
Virgin Blue has stated that it expects its first-half net profit to fall by 63% over a year ago due to the floods in eastern Australia as well as a consumer slowdown. It said its first-half net pro...
Virgin Blue has stated that it expects its first-half net profit to fall by 63% over a year ago due to the floods in eastern Australia as well as a consumer slowdown. It said its first-half net pro...
Garuda’s high guide price for its initial public offering has been raising concerns with investors, which is leading some to suggest that the airline might raise far less than the $1 billion it hop...
Privately-owned Spring Airlines is planning launch an initial public offering (IPO) on the Chinese stock market. The airline is reported to be consulting UBS Securities for details and has filed in...
Air Astana, Kazakhstan’s flag carrier, has announced a record pre-tax profit of $96.4 million in 2010, up 59% on 2009, on the back of $656 million in sales. Total capacity increased by 8% and the n...
Air India has agreed to partially pay off its Rs. 2,300 crore debt to state-owned Indian Oil Corp, Bharat Petroleum Corp and Hindustan Petroleum Corp via daily payment system for the next 45 days, ...
Cebu Pacific Air is planning to increase flight frequencies by 18% in 2011, which will offer 14.5 million airline seats to its passengers. “We aim to fly 12 million passengers in 2011, an 18-percen...
Singapore Airlines (SIA) will increase its fuel surcharge after jet fuel rose above $110 a barrel. The airline says the move, which is still subject to regulatory approval, is necessary given the r...
Jet Airways has announced it is slashing fares on key routes connecting Mumbai, Delhi, Bangalore and Chennai among others for a period, offering a discount of Rs 250 to Rs 550 per ticket. “These a...
The Indian Union Minister for Civil Aviation and Overseas Indian Affairs Vayalar Ravi said the road map for the civil aviation sector makes the revival of Air India as the flagship airline its main...
The Philippines government is studying the reduction of airline tax rates to make the country a cheaper destination and attract more foreign airlines to fly to the country, say local media. However...
ICICI Bank has won a mandate to refinance loans for Air India to purchase 21 A320 aircraft. The airline's board has also approved delivery financing for one 777-300ER and one GE-90 spare engine wit...
Crystal Thai Airlines (CTA) is preparing to start flights from early next month. CTA, is a 51:49 Thai-South Korean joint venture with 201 million baht in registered capital, will launch its maiden ...
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