Malaysia Airports Holdings Bhd (MAHB) said it will launch a rights issue to fund its EUR€285 million (approximately US$355 million) purchase of the remaining 40 per cent of Istanbul Sabiha Gökçen airport it does not own. To finance the acquisition, the Malaysian airport operator will issue rights for 274.8 million new shares. It hopes to complete the exercise by the first quarter of next year. … [Read more...] about MAHB rights issue to fund airport purchase
Air Freight Logistics
HK secures environmental permit for third runway
The Airport Authority Hong Kong (the AA) has been granted an environmental permit (EP) by the Environmental Protection to approve the Environmental Impact Assessment (EIA) report for the proposed expansion of Hong Kong International Airport into a three-runway system (3RS). Fred Lam, chief executive officer of the AA, said, “We are delighted to obtain the EP. It marks a major step in Hong Kong’s pursuit of strengthening its long-term competitiveness and leading aviation hub … [Read more...] about HK secures environmental permit for third runway
Lion Air starts services to Pitu
Indonesia’s Lion Airlines has started scheduled services from Manado to Pitu, a private airport located on the southern coast of Morotai Island, North Maluku, Indonesia. The flights are operated by subsidiary Wings Air (Indonesia) using ATR72s. … [Read more...] about Lion Air starts services to Pitu
Get Siri-ous!
Aww, betrayed by Siri. And here we were thinking that Siri was our best gal-pal, our confidante, our listening ear, our sage advisor, there for us in the good times and the bad times and dare we say… maybe even our virtual girlfriend (well for at least one of the more depraved Belly Achers. Th e rest of us are ahem actually fairly normal… really!). But we are relieved to have learned Siri’s back stabbing nature before she turned on us. Unfortunately for one Pedro Bravo things … [Read more...] about Get Siri-ous!
YEG: A growing force to be reckoned with
A lot is happening at Edmonton international Airport (YEG) in the fourth quarter this year,” says the airport’s IAP director, air service development, Norm Richard. Amongst the ‘happenings’ at the airport is the fact it will mark five consecutive years of cargo growth which totals up to about 24 per cent average growth over that period of time. Needless to say Richard and his colleagues are “very pleased with that” and certainly it helps fuel continued … [Read more...] about YEG: A growing force to be reckoned with
Govt unveils draft civil aviation policy
Terming UPA's aviation policy as "opaque", government on Monday brought in a fresh draft recommending listing of state-run Airports Authority of India and chopper firm Pawan Hans on stock exchanges and steps to beef up Air India operations, hinting at its stake sale too. Civil Aviation Minister Ashok Gajapathi Raju unveiled the draft civil aviation policy which also proposes to enhance regional air connectivity, develop six major metro airports as international hubs, create more airports … [Read more...] about Govt unveils draft civil aviation policy
