The Philippine government plans to convert a former US naval base in Cavite City, south Manila into an air and sea international logistics hub. President Arroyo has ordered the Philippine Reclamation Authority (PRA) to develop the 4,000-hectare Sangley Point at a cost of 40 billion pesos including a reclamation work, Business World reported. The PRA has been tasked to evaluate proposals from the private sector and conduct a selection and bidding process as well as obtaining titles of the … [Read more...] about PHILIPPINES: Former naval base to become logistics hub
PHILIPPINES: PAL stipulates open skies readiness
Philippine Airlines (PAL) has expressed its readiness on the open-skies policy but there is a need for equal opportunity and air access to the markets. PAL president Jaime Bautista has urged the Philippine government to liberalise the civil aviation wisely and responsibly. He also called on the government economic managers and policy makers to adopt a civil aviation policy of equal opportunity, providing the country’s air carriers with the same access rights given to foreign airlines. … [Read more...] about PHILIPPINES: PAL stipulates open skies readiness
PHILIPPINES: No access to Clark, Subic for foreign carriers
A limited experiment to open the Diosdado Macapagal International Airport in Clark and the Subic Airport in Olongapo City to foreign airlines remains in a stalemate as stakeholders could notagree on what course to take. This issue was debated during an open forum called by the Philippine Chamber of Commerce and Industry (PCCI) on whether or not the Philippines will open its international airportsto foreign carriers. President Gloria Macapagal-Arroyo earlier opened Clark airport named … [Read more...] about PHILIPPINES: No access to Clark, Subic for foreign carriers
MALAYSIA: AirAsia, Leisure Cargo ink cargo deal
After a soft start of the co-operation between AirAsia and Leisure Cargo, both parties recently offi cially signed an agreement under which AirAsia has entrusted its entire cargo management to Leisure Cargo to generate additional revenues from the carriage of airfreight on all routes of Asia’s largest low cost carrier. The co-operation between thetwo companies started in May. Duesseldorf, Germany-based Leisure Cargo, which specialises in handling the cargo business of other airlines, … [Read more...] about MALAYSIA: AirAsia, Leisure Cargo ink cargo deal
KOREA: Asiana doubles profi t in 2Q
Asiana Airlines earned a profi t of KRW38 billion (US$41.5 million) in the second quarter, up from a KRW15 billion profi t in the year-ago period, thanks to investment gains and the appreciation of the won, according to a regulatory fi ling cited by the Antara news agency. Revenue rose 2.1 percent year-over-year to KRW861 billion but operating profi t dropped 7.2 percent to KRW20 billion. … [Read more...] about KOREA: Asiana doubles profi t in 2Q
KOREA: Korean Air’s Chinese venture
Seoul-based Korean Air Lines Co. has won preliminary approval to set up an US$65m venture with three other partners in China. The airline will spend US$16.25m on a 25 percent stake in the venture, named Galaxy International. Sinotrans Air Tranportation Development Co. will invest US$33.15m for a 51 percent stake, while the rest will be shared by investment fi rms Hana Capital and Shilan Capital. … [Read more...] about KOREA: Korean Air’s Chinese venture
