San Miguel to acquire PAL stake
It has been reported that San Miguel Corp. has agreed to acquire the entire holdings of tycoon Lucio Tan (51%) in flag carrier Philippine Airlines (PAL). The deal is valued at $500 million. In April 2...
It has been reported that San Miguel Corp. has agreed to acquire the entire holdings of tycoon Lucio Tan (51%) in flag carrier Philippine Airlines (PAL). The deal is valued at $500 million. In April 2...
Malaysian Airline System Berhad closed the financing of two Boeing 737-800 under Japanese Lease Operating structure in April and May 2013 respectively. The transaction was arranged by BNP Paribas acti...
Malindo Airways CEO Chandran Rama Muthy has indicated that the airline plans to secure interlining arrangements with at least seven carriers to help establish Malaysia as a transit hub. Chandran says ...
Jet Airways has increased its pilots’ salaries by up to 18% in staggered manner with retrospective effect from 2010-11, according to local media sources. Jet Airways employs some 1,100 pilots. ...
Three senior executives at Kingfisher Airlines have resigned. Chief information officer Saurav Sinha, flight operations head Capt Ronald Nagar and cabin crew head Ajit Bhagchandani have all resigned. ...
GE Capital Aviation Services Limited (GECAS) has delivered a new leased Boeing 737-800 to Skymark Airlines to expand the Japanese low-cost carrier’s fleet. The aircraft comes from GECAS’ existing orde...
Shun Tak Holdings, run by the Asian casino tycoon Stanley Ho, has expressed an interest in buying a stake in the new Jetstar budget airline venture in Hong Kong being set up by Qantas and China Easter...
Last Sunday, Japan Airlines (JAL) stated that it had halted a scheduled Tokyo-Beijing 787 flight after engineers detected a faulty pressure sensor in one of its newly reinforced lithium-ion batteries....
Bangkok Airways has announced plans to offload a 30% stake (730 million new shares) via an initial public offering (IPO) on the Bangkok bourse next month. The airline is owned by Prasert Prasarttong-...
AIR New Zealand has stated that it expects normalised earnings before tax for 2013 to be at the upper end of the $NZ235 million to $NZ260m ($197m to $218m) range it announced in April. That would dwar...
The Indian government is working to issue a directive that would limit the amount of seats Indian carriers can charge extra on – preferred seating at the front of the aircraft or exit rows – to about ...
Kingfisher Airlines has posted a net loss of Rs. 2,141.80 crore for the quarter ended 31 March against a loss of Rs.1,151.83 crore for the corresponding quarter the previous year. The airline had no s...
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