The Indian government is consideringa proposal to increase the foreigndirect investment (FDI) limit in scheduleddomestic carriers to 74 percentfrom 49 percent, the Economic Timesreported. The idea is being mootedto increase the funding options fordomestic airlines, which have drawnup huge expansion plans. Domesticcarriers are expected to buy close to480 aircraft in five years involving aninvestment of $30 billion. The proposed increase in FDI indomestic carriers would, however, comewith a … [Read more...] about INDIA: FDI in domestic carriers may soar
Express
INDIA: DTDC to launch new product
India-based express logistics firm,DTDC will launch a new premiumproduct that will seek to deliver greatervalue for money to those seeking topof the line service at below marketleader prices. Termed "V Series," the service willdeliver documents up to one kilogramthe next day under money back guaranteein case of non-performance. The firm's aim is to guarantee fixedtime delivery by the end of the year tomatch the premium service provided byexpress delivery firms in the … [Read more...] about INDIA: DTDC to launch new product
MALAYSIA: MAS eyes Scandinavian routes
Following Finnair's decision not tofly from Helsinki to Kuala LumpurInternational Airport, Malaysia Airlines(MAS) can play a major role of providingflight services to the Scandinavianregion. According to Transport MinisterDatuk Seri Chan Kong Choy, withFinnair cancelling its operations toBangkok and Singapore in May, MAS,which already operates to Stockholm,could play an important role of providingthe air link from Southeast Asia tothe Scandinavian countries. A report said that Finnair's … [Read more...] about MALAYSIA: MAS eyes Scandinavian routes
KOREA: KAL Cargo starts service to Moscow
Korean Air Cargo has launcheda regular freighter service on theIncheon-Moscow route. The cargo airlinewill re-route its Incheon-Frankfurtflight on Saturday, and operate theIncheon-Moscow-Frankfurt-Incheonroute once a week. In the past, shipments bound forRussia have been forwarded via Scandinaviancountries, because importduties at Russian ports were very high.However, air cargo demand is expectedto increase rapidly, since the Russiangovernment recently decided to reduceits import … [Read more...] about KOREA: KAL Cargo starts service to Moscow
MACAU: Viva Macau to introduce 2 B767s
Macau-based Viva Macau said it willstart scheduled revenue services withtwo Boeing 767s obtained from AWAS on long-term operating leases. The two B767s variants (a B767- 200ER and a B767-300) provide Viva Macau with the ideal range and capacity mix to successfully implement the airlines business initiative to serve both long haul and regional markets, the airline said in a statement. The announcement comes after Viva Macau successfully obtained its Air Operators Certificate last month. … [Read more...] about MACAU: Viva Macau to introduce 2 B767s
MACAU: China, Macau strengthen ties
The General Administration of CivilAviation of China (CAAC) and the CivilAviation Authority of Macau (AACM)have signed a new Memorandum ofUnderstanding regarding bilateral airtransport services, Xinhua reported. According to the new MoU, Macauairlines will be allowed to fly to 20 newdestinations on the mainland, raisingthe total number of China cities in their flight network to 57. The new China destinations are: Changchun, Taiyuan, Hefei, Luoyang,Yantai, Beihai, Meixian, … [Read more...] about MACAU: China, Macau strengthen ties
