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
Express
INDONESIA: Bhakti Investama acquires AdamAir
Investment and holding company PT Bhakti Investama has come to the rescue of fledgling carrier Adam Air, which is facing government scrutiny following a series of aircraft accidents, by acquiring 50 percent of the carrier’s shares. The acquisition was done through its subsidiary PT Global Transport Services. Both Adam Air and Bhakti declined to reveal the value of the acquisition. However, Adam Air’s president director Adam Aditya Suherman said the value ‘equals the price … [Read more...] about INDONESIA: Bhakti Investama acquires AdamAir
JAPAN: ABX Air operates freighters for ANA
ABX Air has entered into a two-year ACMI agreement to operate two 767- 200 freighters to support All Nippon Airways’ cargo operations in Japan, China and Thailand. This agreement marks the first time that the Japanese Civil Aviation Bureau (JCAB) has approved a foreign carrier to conduct cargo aircraft operations on behalf of a Japanese airline. Revenue from this ACMI agreement is expected to be approximately $22 million on an annualised basis for the two aircraft. ABX Air … [Read more...] about JAPAN: ABX Air operates freighters for ANA
MALAYSIA: Transmile shares stumble on report
A steady rebound in shares of Malaysia’s Transmile Group Bhd was interrupted by a research report that questioned the number of planes it has, a claim the air transport firm said was inaccurate, the Business Times reported. The stock, which last month fell to its lowest in two years on news of accounting irregularities recently, was down by as much as 13 percent at the end of May. Dealers said the fall was sparked by a report from Macquarie Research, which said the actual number … [Read more...] about MALAYSIA: Transmile shares stumble on report
CHINA: New pact pressures Chinese carriers
Chinese carriers are feeling the pressure following last month’s signing of a new air services agreement between China and the US. “We don’t want Beijing to open the air transport market too fast. The pact covering an increase of air services signed in 2004 has already exerted great pressure on us,” China Eastern Airlines President Li Fenghua told China Business News in the weeks before the pact was concluded. He also noted that “it takes time to integrate … [Read more...] about CHINA: New pact pressures Chinese carriers
Overcapacity tempers air cargo
The announcement last month of the establishment of a new air services agreement between the US and China, which will more than double the number of passenger fl ights by 2012 and offer airfreight operators “greatly expanded commercial freedom” constitutes, for the air freight part of the deal, a lot of hot air. “It is absolutely historic,” declared US Transportation Secretary Mary Peters in a conference call after reaching agreement with her counterpart, Chinese … [Read more...] about Overcapacity tempers air cargo
