Jet Airways has launched its inaugural service to Riyadh, the capital and largest city of the Kingdom of Saudi Arabia, from the Indian financial capital of Mumbai complementing the airline’s existing daily Mumbai-Jeddah service. The airline offers four services a week on the Mumbai-Riyadh-Mumbai sectors utilising B737-800 aircraft. With the introduction of this new flight, Jet Airways now flies to eight cities in the Gulf, including Kuwait, Bahrain, Muscat, Doha, Dubai, Abu Dhabi, … [Read more...] about INDIA: Jet Airways launches inaugural Riyadh service
Carriers
INDIA: Emirates boosts African presence
Dubai-based Emirates Airline is expanding its footprint in Africa with new services to South Africa and Angola. Starting from 1 October and 25 October respectively, Emirates will begin services via Dubai to Durban in South Africa with an A330-200 and Luanda in Angola utilising B777-300ERaircraft. Tim Clark, president, Emirates Airline, said the carrier has seen strong growth in Africa of 17 per cent. “Now, with Luanda and Durban starting in October, this is going to be another very … [Read more...] about INDIA: Emirates boosts African presence
CHINA: Jade expands Air Logistics partnership
Jade Cargo International and Air Logistics Group have entered into agreement to further expand their partnership in which Air Logistics will assume the role of General Sales and Service Agent for Jade Cargo in India and the Middle East eff ective August 2009. The professional efforts of Air Logistics Group will serve as the basis for our expanded sales presence in India and the Middle East, commented Kay Kratky, CEO of Jade Cargo International. During the past months our flight operations at … [Read more...] about CHINA: Jade expands Air Logistics partnership
CHINA: China Eastern in black, Shanghai Air sees red
China Eastern Airlines has returned to the black in the first half of 2009 with a net profit of CNY 1.174 billion (US$171.8 million), in a large part due to state subsidies and reduction of its losses from fuel hedging. On the contrary, Shanghai Airlines posted losses of CNY91.29 million. From January to June, weak domestic aviation demand saw China Eastern and Shanghai Air losing CNY 20.976 million and CNY 545 million respectively, from their core businesses. As for the second half of … [Read more...] about CHINA: China Eastern in black, Shanghai Air sees red
TAIWAN: EVA Air sees cargo revenue plunge 51%
Taiwanese carrier EVA Air saw its cargo revenue plunge 51 per cent in the first half of this year as falling Asian exports sliced the carrier’s freight traffic by nearly a third. EVA, which operates 17 widebody freighters contributing more than 40 per cent of its revenue from cargo, reported US$574 million in cargo revenue in the first six months of 2009. EVA’s freight traffic measured in freight tonne kilometers flown fell 31.6 per cent from the first half of 2008, with … [Read more...] about TAIWAN: EVA Air sees cargo revenue plunge 51%
SOUTH KOREA: Korean Air swings to Q2 net profit
Korean Air reported this week that it has swung to a net profit in the second quarter after six consecutive quarters of losses, helped by lower fuel costs and large currency-linked gains. The world’s largest air cargo carrier is expected to see business recover gradually in the second half as South Korean exports improve and travel demand revives. Korean Air posted a 78.5 billion won (US$63.56 million) net profit for the quarter to 30 June compared with net losses of 288.9 billion … [Read more...] about SOUTH KOREA: Korean Air swings to Q2 net profit
