Financially troubled Kingfisher Airlines Ltd is due to submit a recovery plan to the aviation regulator by end-March so it can continue flying, according to a Livemint.com report. This plan reportedly entails a further cutting of international operations, pulling out of all loss-making routes, renegotiating high-cost aircraft lease rentals, tapping foreign loans for working capital and getting back its US$40 million deposit from the International Air Transport Association (IATA). … [Read more...] about Kingfisher to submit recovery plan
cargo aviation
India to be third largest aviation market by 2029
India is set to emerge as the third largest aviation market by 2029, Rafael Echevarne, director of Economics and Programme Development, Airports Council International (ACI) said recently. Echevarne highlighted the growth trajectory of aviation in India during the last five years in which the country improved its rank from 101st in 2007 to 12th in 2010 in terms of airport maintenance, traffic handling and passenger facilities. In order to sustain this, India would require putting in place a … [Read more...] about India to be third largest aviation market by 2029
Qantas begins new Sydney-Santiago service
Qantas has begun its new South American route from Sydney to Santiago, Chile from 26 March using B747-400 aircraft on a three-times weekly schedule. LAN Airlines will codeshare on the Qantas services while the Australian airline will continue to codeshare on LAN’s daily services between Sydney and Santiago via Auckland. “Santiago is one of South America’s most dynamic business centres and provides excellent connections to the rest of the continent,” Group executive … [Read more...] about Qantas begins new Sydney-Santiago service
ST Aerospace, Hainan academies partner
ST Aerospace’s commercial pilot training arm, ST Aerospace Academy (STAA) has entered into a partnership with Hainan Aviation Academy (HNAA) to train commercial pilots. Under the agreement, HNAA will send 50 of its cadet pilots to STAA to undergo STAA’s High Performance Aircraft Training (HPAT) course. STAA will conduct four weeks of ground school at HNAA’s facility at Yichang in Hubei province, China, followed by two weeks of flying training at STAA’s Singapore … [Read more...] about ST Aerospace, Hainan academies partner
Apple’s new iPad sends freight rates soaring
Apple’s launch of it s new iPad in mid-March put pressure on capacity out of China with shippers and forwarders scrambling to find air freight capacity for their shipments. The demand created by Apple snapping up capacity at premium rates over the previous couple of weeks sent freight rates soaring, by nearly 20 percent. sharp spike, the current price level still poses a significant threat to profitability,” it said. It cut SIA’s earnings forecast by 25 percent for the … [Read more...] about Apple’s new iPad sends freight rates soaring
China Southern kicks off new US, Euro services
China Southern has kicked off two new twice weekly freighter routes serving the US and Europe. On 1 March the carrier began B777 freighter service, routing Guangzhou-Qingdao-Los Angeles, followed one day later by the European service routing Guangzhou- Chongqing-Amsterdam. China Southern said the Guangzhou- Los Angeles service is the first freighter service beginning from Guangzhou destined for the US. The 16 hour, 50 minute flight time offers a nearly 15 hour shorter service than if the … [Read more...] about China Southern kicks off new US, Euro services
