Cathay Pacific Airways is looking at a possible major revamp of its network and fleet than previously disclosed, according to a memo sent to employees last week by CEO Tony Tyler. Tyler bleakly warned that the airline likely won’t “emerge unscathed” from the industry downturn. “These are extremely difficult times for the aviation industry, and I’m sorry to say there doesn’t appear to be any light at the end of the tunnel just yet,” he added. He … [Read more...] about Hong Kong: Cathay looks at major network restructuring
Carriers
Hong Kong: Cathay Pacific boosts Oz freighter capacity
Cathay Pacific will add a third B747- 400 freighter service on its Australia route effective 27 September. The airline will operate a B747-400F Sundays on a Sydney-Melbourne rotation. Cathay said the additional freighter was required tomeet strengthening seasonal demand. … [Read more...] about Hong Kong: Cathay Pacific boosts Oz freighter capacity
Taiwan: Evergreen gets US green light for China
Evergreen International Airlines has won preliminary US approval for a new air cargo route to China. Evergreen plans to acquire two Boeing 747-400F freighters to operate six round-trip flights a week to Shanghai from New York’s John F. Kennedy International Airport, with stops in Chicago, Dallas-Fort Worth and Columbus, Ohio. The airline plans to carry about 360 tonnes of cargo a week out of China starting March 2009. Unlike competitors that pick up cargo in South Korea and elsewhere, … [Read more...] about Taiwan: Evergreen gets US green light for China
China: Air China sees volumes slide in August
Air China says it carried 68,000 tonnes of cargo in August, down 4.1 per cent on August 2007. Its eight month rolling comparison for the year was 552,384 tonnes, little changed from the same period of 2007. The cargo load factor for August was 56.2 per cent, down 0.5 percentage points, while the passenger load factor for Jan-August was 58.1 percent, up 4.7 percentage points. … [Read more...] about China: Air China sees volumes slide in August
China: Possible China Eastern, Shanghai Air merger
China Eastern Airlines’ (CEA) president Cao Jinxiong said recently that government shareholders in his company and Shanghai Airlines (SA) are discussing a merger of the two carriers, the Wall Street Journal reported. He said that the government plans to inject capital into CEA before merging it with SA, at which point the combined entity would consider a possible stake sale to Singapore Airlines. “Both [deals], with Shanghai Airlines and Singapore Airlines are possible. But for … [Read more...] about China: Possible China Eastern, Shanghai Air merger
United Airlines
UAL Corporation, the holding company whose primary subsidiary is United Airlines, announced that Kathryn Mikells will be named senior vice president and chief financial officer, succeeding Jake Brace, executive vice president and chief financial officer, who is retiring 1 November. In her new position, Mikells, who has held several leadership roles in the finance organisation, will be responsible for treasury, tax, the controller function, budgets, financial planning and analysis, accounting, … [Read more...] about United Airlines
