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 ...
Read More »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 ...
Read More »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 ...
Read More »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. ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »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 ...
Read More »Ryanair wins EU fight over pandemic aid for Air France-KLM
BLOOMBERG Ryanair Holdings Plc won European Union (EU) court challenges against billions of euros of state aid for rival Air France-KLM, in the latest round of the Irish carrier’s campaign against allegedly unfair subsidies doled out during the Covid-19 pandemic. The EU’s General Court annulled the bloc’s formal approvals for the aid, saying regulators failed to vet the potential impact ...
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