The Manila International Airport Authority (MIAA) said it will settle the 500 million pesos in arrears for the leased lot from the state-owned Bases Conversion Development Authority (BCDA). BCDA president Narciso Abaya said that MIAA has indicated in a memorandum that they are willing to pay subject to the opinion of the Department of Justice. The 500 million pesos in arrears do not include the 10 percent escalation rate in the 150 million pesos annual lease payments under the … [Read more...] about PHILIPPINES: MIAA to pay arrears on leased land
PHILIPPINES: Cebu eyes more cargo business
Cebu Pacific is likely to increase its cargo business with new aircraft being added to its fleet following an order for 14 French-made ATR72-500 passenger planes. Lance Gokongwei, president of Cebu Pacific Airways said the acquisition of more aircraft would be partly finance by a planned initial public offering (IPO) of the airline at the Philippine Stock Exchange this year. The airline is aiming to expand its current fleet to 46 aircraft to meet rising cargo business and passenger … [Read more...] about PHILIPPINES: Cebu eyes more cargo business
THAILAND: Thai Airways to modernise fleet
Thai Airways International plans to buy at least 46 new aircraft in a 10 year plan to modernise its ageing fleet, Reuters reported, citing airline president Apinan Sumanaseni. The board of Thailand’s flagship carrier would confirm the details in August, but Apinan said the plan was separate from its purchase of eight Airbus A330- 300 and six A380 superjumbo planes. “Initially, we need 46 new aircraft to replace aircraft more than 20 years old. We also plan to buy more to … [Read more...] about THAILAND: Thai Airways to modernise fleet
INDONESIA: Etihad to fly daily Jakarta- Abu Dhabi
UAE’s Etihad Airways is set to start daily flights from Jakarta to Abu Dhabi in August this year. The plan is part of the carrier’s move to tap the growing market from Indonesia to the Middle East and vice versa. Ario Pratomo, managing director of PT Unique Cargonize, Etihad’s GSSA Cargo for Indonesia, said the additional flight will also increase the volume of airfreight from Indonesia to the Middle East and Europe. “With additional flights from currently six … [Read more...] about INDONESIA: Etihad to fly daily Jakarta- Abu Dhabi
INDONESIA: Garuda focuses on restructuring
Amidst mounting pressure of employees for a management reshuffle, the president director of flag carrier Garuda Indonesia, Emirsyah Satar said he will let the newly appointed minister of State Owned Enterprises (SOE), Sofyan Djalil handle the case. “It is the stakeholder [SOE] that will evaluate the performance of Garuda management. We are working. We are focusing on our restructuring programmes,” Satar said. Garuda’s public relations manager Pujobroto said the … [Read more...] about INDONESIA: Garuda focuses on restructuring
INDONESIA: GAC expands in Indonesia
GAC Samudera Logistics (GSL), a joint venture between the GAC Group and the Samudera Indonesia Group, has announced a 50 percent expansion of its state-of-the art common user distribution centre in Indonesia. The GSL facility currently houses inventory of major corporations from diverse sectors such as consumer goods, healthcare and electronics. Strategically located in Lippo Cikarang in the Bekasi district, east of Jakarta, the extended facility will occupy a total of 9,000 square metres … [Read more...] about INDONESIA: GAC expands in Indonesia
