Preliminary traffic figures for the month of January released by the Association of Asia Pacific Airlines (AAPA) showed continued steady growth in air cargo demand. Import-export activity leading up to the Lunar New Year festive period contributed to a 7.0 per cent increase in international air cargo demand, as measured in FTK. The average international freight load factor continued to strengthen, recording a 1.3 percentage point increase to 61.8 per cent on a 4.8 per cent increase in … [Read more...] about Airlines in APAC report cargo growth in Jan
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AirAsia X appoints new CFO
AirAsia X Berhad has appointed Cheok Huei Shian as its chief financial officer, effective immediately. Reporting directly to Benyamin Ismail, acting chief executive officer of AirAsia X Berhad, Huei Shian will be responsible for corporate finance, treasury, financial planning and analysis as well as investor relations. Datuk Kamarudin Meranun, group CEO of AirAsia X said, “We are excited to have Huei Shian join our management team as we continue to drive our strategic and financial … [Read more...] about AirAsia X appoints new CFO
Cathay welcomes gov’t budget initiatives
Cathay Pacific Airways welcomed the budget strategy outlined by Hong Kong SAR Government Financial Secretary John Tsang yesterday, and in particular the range of initiatives that will help to promote tourism, trade and investment opportunities in Hong Kong. Cathay Pacific chief executive Ivan Chu said: “We are encouraged by the Government’s plan to launch promotional activities that will help to attract more overseas visitors, business travelers and investors to Hong Kong. As the … [Read more...] about Cathay welcomes gov’t budget initiatives
Record tonnage volume changed hands in 2014
The reported value of secondhand sales activity totalled US$26.1 billion, up 26 per cent y-o-y. There was interest in the larger sizes and the average size of ship sold reached a record level, London-based market research firm said. Activity at the larger end of the oil tanker sector was particularly strong and 2014 saw a firm increase in the volume of containership tonnage sold year-on-year. “A total of 1,320 vessels of 51.0m GT were reported sold market in 2014, a record in terms … [Read more...] about Record tonnage volume changed hands in 2014
Alaska Air orders six B737-900ERs
Alaska Airlines’ fleet of Boeing aircraft is growing again. Seattle’s hometown airline is purchasing six more Boeing 737-900 Extended Range aircraft, valued at US$594 million, Boeing’s current list price. Four aircraft are scheduled for delivery in 2016 and two in 2017, bringing Alaska’s total of locally manufactured jets on order to 79. “We’re delighted Boeing is able to expedite delivery of four of these new 737-900ERs, increasing the number of aircraft … [Read more...] about Alaska Air orders six B737-900ERs
Cathay welcomes gov’t budget initiatives
Cathay Pacific Airways welcomed the budget strategy outlined by Hong Kong SAR Government Financial Secretary John Tsang yesterday, and in particular the range of initiatives that will help to promote tourism, trade and investment opportunities in Hong Kong. Cathay Pacific chief executive Ivan Chu said: “We are encouraged by the Government’s plan to launch promotional activities that will help to attract more overseas visitors, business travelers and investors to Hong Kong. As the … [Read more...] about Cathay welcomes gov’t budget initiatives
