Qatar and Saudi Arabia have agreed to improve cooperation between the two countries’ aviation markets with a deal recently signed by Saudi Arabia’s General Authority for Civil Aviation (GACA) and the Qatar Authority for Civil Aviation. “By this agreement, we aim to develop rules and regulations and facilitate air transportation procedures between Saudi Arabia and Qatar,†said Ayman Bin Baker Naseef, supervisor of GACA’s central department for … [Read more...] about Qatar, Saudi up aviation cooperation
Express
FedEx MD-11 crashes while landing at Narita
A FedEx cargo aircraft en route from China has crashed this morning while attempting to land at Tokyo’s Narita airport in strong winds, bursting into flames and killing two pilots on board. The FedEx MD-11 was coming from Guangzhou, China, and crashed at 6:49 AM local time, according to the Japanese transport ministry. Television footage showed the three-engine wide-body aircraft tip sideways shortly after touch-down in strong winds and then, as one of its wings clipped the ground at … [Read more...] about FedEx MD-11 crashes while landing at Narita
ASEAN must aim high in market liberalisation
ASEAN has missed the December 2008 deadline to open markets between capital cities on a multilateral basis, said the director general and CEO of the International Air Transport Association's (IATA), Giovanni Bisignani. "Malaysia must be a strong voice encouraging ASEAN member states to fulfill their obligations under the ASEAN Roadmap for the Integration of the Air Travel Sector (RIATS) and to meet the 2010 milestone. "ASEAN must aim high. A single market including ownership liberalisation by … [Read more...] about ASEAN must aim high in market liberalisation
OECD cuts China’s growth figure again
The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China’s growth figure again
OECD cuts China's growth figure again
The Organisation for Economic Cooperation and Development (OECD) will cut its 2009 economic growth projection for China to below 6.5 per cent, the Wall Street Journal reported. The OECD's previous forecast, made in November, was 8 per cent, but Richard Herd, the organisation's chief economist, said it was unlikely China will achieve this goal. Last week, the World Bank revised its projection for China's GDP growth to 6.5 per cent from 7.5 per cent. Herd said the OECD's revised figure, which is … [Read more...] about OECD cuts China's growth figure again
FedEx says global recession bottomed out
"We have probably hit the bottom," said industry stalwart Fred Smith, chairman, president and CEO of FedEx Corporation while announcing the global express company's latest quarterly earnings last week. FedEx's overall group revenue for the quarter ended 28 February was down 14 per cent year-on-year to US$8.14 billion while operating income fell 72 per cent to US$182 million, whilst net income also fell by nearly 72 per cent to US$97 million. … [Read more...] about FedEx says global recession bottomed out