Virgin Group said it has acquired a 20percent stake in Malaysian carrier AirAsia X, which plans the start up of along-haul LCC service in the fourthquarter of 2007 from Kuala Lumpur usingleased A330 aircraft operated by FlyAsian Express. AirAsia X also ordered15 A330-300s. … [Read more...] about Virgin Group

MASkargo last month introduced aweekly B747-400 freighter stop in thesouthern Indian city of Madras. Thestop is being added to an existing nonstopservice between Amsterdam and Kuala Lumpur. Separately, the Malaysiancargo carrier is now calling threetimesa week in Tashkent, in Uzbekistan,en route from Amsterdam. … [Read more...] about MASkargo

Emirates said it is looking at the latestavailable Airbus and Boeing models for its future fl eet requirements, but hasnot made any decision. It has 42 777s,10 747-8Fs and 47 A380s on order, andreportedly plans to order 20 747-8s. … [Read more...] about Emirates

Guggenheim Global Infrastructure(GGI), a unit of fi nancial services fi rm,Guggenheim Partners, has purchased a33 percent interest in Bangalore-basedVikram Logistic and Maritime Services(VLMS). … [Read more...] about Guggenheim Global Infrastructure

Russian aircraft-makers plan to buildabout 4,500 planes by 2025, offi cialssaid. The programme will cost about$250 billion, said Alexei Fyodorov,president of state-controlled UnitedAircraft Corporation. … [Read more...] about United Aircraft Corporation

Qantas Group reported a record netprofi t of A$719.4 million ($595.4 million)for the fi scal year ended June 30despite a 19.1 percent increase in itsfuel bill to A$3.3 billion. … [Read more...] about Qantas Group