Chinese carriers earned a collective net profit of CNY26 billion ($4.12 billion) in 2011, down 26% from CNY35.1 billion for 2010 due to a slowing of domestic demand. This however is not the full pictu...
New Japanese low cost carrier Peach Aviation has revealed five new routes that will launch later in the year. The budget carrier will serve: Osaka Kansai to Nagasaki, Kagoshima, Okinawa Naha, Hong Kon...
All Nippon Airways (ANA) and Hawaiian Airlines have signed a new codeshare agreement, which covers passenger flights within Japan and Hawaii and ANA-operated flights between Honolulu and Tokyo Haneda ...
Royal Bank of Scotland Group’s aviation division has finally been sold off for about $7.3bn in the world’s largest acquisition of a leasing business thus far. Sumitomo Mitsui Financial Group, Japan’s ...
Hong Kong-based plastic injection molding companies, Vigor Precision, is developing an airline seat manufacturing business. The company has made its first seat for the Airbus A340, and has high hopes ...
China Eastern Airlines had a net income of more than CNY5 billion ($793 million) in 2011, which was only a slight increase over last year’s results. Annual passenger boardings rose 5.7% year-over-year...
Airbus’s plan to transfer work on its A320 wings to Korea Aerospace Industries (KAI) has caused a stir among the members and leadership of Unite, the UK’s biggest union, which described the move as “a...
Hong Kong Aircraft Engineering Company Limited (HAECO) has entered into a memorandum of understanding with Cathay Pacific Airways in relation to the management of the group’s airframe rotable componen...
Malaysia Airlines has ended its operations in Pakistan. The move is hoped to help stem the companies losses anticipated in 2011 and 2012. Nihal Akbar, finance head of Malaysia Airlines, said, “The dec...
A consortium of banks with exposure to state-owned Air India, led by State Bank of India and including IDBI and Bank of Baroda, has rejected a proposal to convert 60% of the carrier's $4 billion debt ...
Hawaiian Airlines is planning nonstop flights between Osaka and Honolulu by operating a new A330 on the route. The 294-seat aircraft will mean the addition of nearly 11,000 seats each year to the Osak...
The Indian home ministry has declared no objections to an increase in foreign direct investment (FDI) in Indian airlines to 26% proposed by the civil aviation ministry in November. However before it c...
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