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
Leasing & Chartering
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
GECAS delivers A320s
GE Commercial Aviation Services (GECAS) today announced the delivery of a new Airbus A320-200 to GoAir as part of the airline's fleet expansion. This is one of five aircraft GECAS currently leases to the airline. GoAir, based in India, currently operates a fleet of seven A320 aircraft. It also announced the delivery of a new Airbus A320 to Wizz Air as part of the central European low-cost carrier's fleet expansion. GECAS acquired the A320 through a purchase-and-leaseback transaction with the … [Read more...] about GECAS delivers A320s
BOC reaches leasing deal with Virgin Blue
BOC Aviation has concluded a purchase-and-leaseback (PLB) deal with Virgin Blue Airlines for one late-2008 vintage aircraft and three new Boeing 737-800 aircraft. The aircraft will be leased for an average lease term of 10 years, with delivery of the three new aircraft scheduled for the fourth quarter of this year. … [Read more...] about BOC reaches leasing deal with Virgin Blue
