Aviation

Cathay to reduce flights through to end of February

BLOOMBERG Cathay Pacific is reducing its schedule on average by 12 flights a day through to the end of February in an effort to avoid disruptions over the peak lunar new year travel period, the company said on Sunday. “We have taken measures to ensure Cathay Pacific’s flights will operate normally for the coming Chinese New Year travel peak,” Chief ...

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Eight new airlines set to start services in Thailand this year

BLOOMBERG Eight new Thai airlines are set to start operations as the tourism-reliant nation expects a sustained recovery in leisure travel to draw about 35 million foreign visitors this year. Really Cool Airlines, which plans to offer scheduled services on medium-to-long haul international routes, is among the companies which have won Transport Minister Suriya Jungrungreangkit’s approval for operator licenses, according ...

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Tokyo runway collision leaves 5 dead, aircraft ablaze

BLOOMBERG All 379 people aboard a Japan Airlines Co flight managed to escape after the Airbus jetliner burst into flames following a collision with a smaller plane as it landed at Haneda Airport in Tokyo, while most of the crew aboard the other aircraft were killed. Passengers and crew were safely evacuated from the Airbus SE A350-900, an airline spokesperson ...

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Hong Kong Airport debuts local currency bond of $512million

BLOOMBERG The Airport Authority Hong Kong is offering its first-ever local currency public bond, pricing a HK$4 billion ($512 million) debt deal as passenger traffic recovers at the financial hub. The 3.5-year bond has been priced to yield 3.83%, according to a person familiar with the matter. The proceeds will be used for the airport’s capital expenditure, including plans for ...

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Cathay Pacific seeks mid-size widebody jets to spur growth

BLOOMBERG Cathay Pacific Airways Ltd is seeking proposals from Airbus SE and Boeing Co for new aircraft to replace some of its older mid-sized widebody jets, rounding off the Hong Kong carrier’s biggest buying spree in a decade. “We are evaluating options for a versatile, mid-sized widebody aircraft that can undertake a range of missions and grow our passenger and ...

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The most on-time airline in 2023 filed for bankruptcy in 2020

BLOOMBERG If your New Year’s resolution includes flying the most punctual airlines—in addition to choosing the best airports—the 2023 annual on-time performance results from Cirium, published on January 2, should help. The aviation analytics company studies data on more than 35 million flights a year, including schedules, airline fleets and airports, to deliver insights on the aviation industry at large. ...

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Cathay Pacific says pilot flying-hour caps, illness led to flight cuts

BLOOMBERG Cathay Pacific Airways Ltd, grappling with flight cancellations over the holiday period that have frustrated passengers, acknowledged that pilots reaching or at their 12-month limit on flying hours had contributed to the problem. While there were “elevated sickness rates on certain days,” the airline’s director of flight operations said in a memo that many had hit or come close ...

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Philippines attracts four bidders for $3 billion Manila Airport upgrade

BLOOMBERG The Philippines on Wednesday received bids from four groups for a 170.6-billion peso ($3 billion) contract to upgrade and operate its main airport in Manila. The groups that submitted bids were Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium and SMC SAP & Co Consortium, Transportation Secretary Jaime Bautista said before opening the offers. The concession period ...

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Boeing secures first 787 delivery to China

BLOOMBERG China has signed off on the first direct delivery of a Boeing Co 787 jet in four years, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries. Juneyao Airlines Co, one of China’s largest privately owned carriers, took delivery of its newest 787 Dreamliner, in a ...

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China to approve first Boeing 787 delivery since 2021

BLOOMBERG China has signed off on the first delivery of a Boeing Co 787 jet since April 2021, an indication strained US-China trade relations may be easing and a potential precursor to the more significant resumption of 737 Max deliveries. Juneyao Airlines Co, one of China’s largest privately run carriers, is poised to fly its newest 787 Dreamliner from North ...

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