SATS BUYS TFK FOR $122 MILLION
SATS Investments has acquired Japan Airlines' entire stake of 50.7% Japanese airline caterer TFK Corp for about $122 million paid in cash. TFK will become a subsidiary of SATS. The deal gives SATS ent...
SATS Investments has acquired Japan Airlines' entire stake of 50.7% Japanese airline caterer TFK Corp for about $122 million paid in cash. TFK will become a subsidiary of SATS. The deal gives SATS ent...
One of Cathay Pacific’s 747-400 aircraft was forced to make an emergency landing in Kazakhstan after the cabin lost pressure. The Hong Kong-bound aircraft landed at Karaganda airport in central Kazakh...
An Air New Zealand aircraft was forced to return to Wellington International Airport shortly after take-off when the crew smelled smoke in the cabin. The aircraft landed safely with no injuries. Engin...
Aviation group 1time has announced it had raised R65 million in new capital through the sale of a 25% stake to two black economic empowerment (BEE) groups, Mtha Aviation and SKMT Sunrise Investment Gr...
The Australian minister for tourism John Rau has expressed his delight that Malaysia Airlines was increasing the number of weekly flights into Adelaide from Kuala Lumpur from four to six in March 2011...
Four people were killed when an Ilyushin IL-76 aircraft crashed seconds after takeoff in Karachi on Sunday. The Russian-built aircraft had been bound for Khartoum with eight people on board. It is not...
Qantas resumed limited A380 services on Saturday but on Sunday one of the airline’s 747 aircraft bound for London via Bangkok, was delayed after an engine issue. CEO Alan Joyce defended Qantas's handl...
Although the Indian Directorate General of Civil Aviation (DGCA) had requested Air India to maintain crew strength of 16 of its US-bound flights, the airline is alleged to be in violation of that orde...
Analysts have stated that the view on Kingfisher Airlines is bearish because the airline still looks unattractive from a valuations perspective. With fuel prices expected to continue to rise, this out...
China Eastern Airline shares rose 1.8% in trading today, the most in a week, to 7.30 yuan. The airline aims to cut its assets-to-liability ratio to 70% in one-to-two years, the Xinhua News Agency repo...
Air China shares rose 2.9%, the most since October 26th, to 12.97 yuan. The carrier said it raised 5.6 billion yuan ($841 million) from the sale of 483.6 million A shares and HK$1.04 billion ($134 mil...
The government has told national flag carrier Garuda Indonesia that it has to explain why computer glitches led to dozens of flights being cancelled this week. The airline has until Friday to explain ...
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