India’s Central Bureau of Investigation (CBI) is conducting a probe into why a INR9.5 billion loan from the IDBI bank to the grounded Kingfisher Airlines was approved when the airline was already carr...
Jet Airways India Ltd. has announced it will close its budget airline subsidiaries in a bid to return to profitability.According to Chairman Naresh Goyal, the airline will close its Jetlite and JetKon...
Tata SIA Airlines has announced that its New Delhi-based startup will be called “Vistara”, with the carrier scheduled to start operations in October.“‘Vistara’ is derived from a Sanskrit word and impl...
The management of Malaysian Airlines System (MAS) has informed its 19,755 employees that the airline’s impending restructuring will be far more comprehensive than previous efforts.In a meeting with re...
Garuda Indonesia president director Emirsyah Satar has stated that he is ready to step down from the post.Satar said: "I have met with the company's major shareholders [the government] saying that my ...
Malaysia Airline System (MAS) shares rose as much as 10.4% on Monday after state fund Khazanah Nasional stated it will offer MYR0.27 per share for each share in MAS it does not already own, amounting ...
Cathay Pacific Airways has announced that it will invest in US based alternative fuels developer Fulcrum BioEnergy.Cathay has also entered into a long-term supply agreement with Fulcrum that will see ...
Skymark Airlines is planning to terminate its Tokyo Narita operations as part of cost-cutting measures. Japanese media quotes unnamed industry sources as saying the withdrawal could be as early as lat...
Malaysian Airline System (MAS) will be de-listed after sovereign wealth fund Khazanah Nasional Bhd. offered to buy out minority shareholders in a restructuring plan mandated by the consequences of the...
China Construction Bank (CCB) Financial Leasing Corporation has appointed Wang Tao as its new managing director of aviation.Tao left Embraer China on 31st July after serving for three years as directo...
China's Xian Aircraft Industry (XAIC) has become the sole supplier of wings to Airbus's A320 final assembly line in Tianjin.Initially, Xian Aircraft supplied systems for installation in wings built in...
Inmarsat has opened its first office in Beijing, located at the Kong Gang Industrial Park in Shun Yi District.Andy Sukawaty, executive chairman, Inmarsat, said: “Inmarsat has a strong and enduring his...
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