Vietnam's Pacific Airlines, in which Qantas Group holds an 18 per cent stake with an agreement to raise it to 30 per cent in 2010, will change its name to Jetstar Pacific as part of a partnership with Qantas and Jetstar that will see it become "Vietnam's first low-cost, valuebasedairline." The name change will take effect May 23 and is part of a new agreement which will see Pacific operating domestic and international flights under the Jetstar brand. Qantas first invested in … [Read more...] about VIETNAM: Qantas, Jetstar strike deal with Pacific Airlines
Uncategorized
CHINA: Asia Pac cargo load factors grow slightly
February 2008 preliminary traffic results released by the Association of Asia Pacific Airlines (AAPA) indicate that the average cargo load factor rose 1 percentage point to 66.1 per cent as cargo capacity grew by just 0.8 per cent. International freight traffic, expressed in freight tonne kilometres (FTKs), grew by 2.4 per cent in February. The AAPA reported an increase of 4.8 per cent in the number of internationalpassengers carried to 11.6 million. Passenger traffic in revenue passenger … [Read more...] about CHINA: Asia Pac cargo load factors grow slightly
CHINA: China parts for Airbus to hit US$200m
Airbus said it expects to buy aircraft parts worth around US$200 million annually in China by 2010, which could further rise to US$450 million by 2015. Th e European aircraft maker said in a statement thatsix Chinese manufacturers are currently involved in manufacturing parts for Airbusaircraft, including Shanghai AircraftManufacturing Factory (SAMF), a unit ofChina Aviation Industry Corp I (AVIC I),which recently delivered the fi rst shipmentof cargo door frames for A320 aircraft. … [Read more...] about CHINA: China parts for Airbus to hit US$200m
CHINA: China performs Olympic bypass
Beijing today implemented air route B208 that will reduce air traffic congestion during the Olympics in a move welcomed by the International Air Transport Association (IATA). "We call this route the Olympic Bypass," said Giovanni Bisignani,IATA's director general and CEO. "It will alleviate air traffic delays and congestion, as flights from Europe to Shanghai, Guangzhou and Hong Kong will no longer have to be channelled through Beijing. This is especially critical with the … [Read more...] about CHINA: China performs Olympic bypass
CHINA: China Southern / Air France-KLM tie-up
China Southern Airlines, the country's largest carrier by fleet size, is aiming to set up a cargo joint venture with Air France- KLM by the end of 2008, media and the Chinese carrier said recently. "The company is actively pushing forward the joint venture project with Air France-KLM to develop the scale of our cargo transportation capacity," the carrier said in a fi lingwith the Shanghai Stock Exchange. Hong Kong's South China Morning Post, meanwhile cited Liu Shaoyong, China Southern's … [Read more...] about CHINA: China Southern / Air France-KLM tie-up
SOUTH KOREA: Korean turns down prosecution deal
Korean Air refused to divulge details of its alleged cartel-like freight deals with other airlines in return for a 20 per cent discount on penalities as the industry collusion investigation continues across the globe. Details of the settlement off er, which Korean Air rejected because it believed it was "unreasonable", were revealed as part of the carrier's attempts to stop the Australian Competition and Consumer Commission (ACCC) from gaining documents via its investigation powers … [Read more...] about SOUTH KOREA: Korean turns down prosecution deal
