Air China will accelerate talks with Cathay Pacific Airways regarding the formation of an air cargo joint venture based in Shanghai, the South China Morning Post reported. The venture is aimed at mounting a stronger challenge to China Eastern Airlines and Shanghai Airlines, which are set to merge this year. Air China posted a first-half net profit of US$424.4 million, up 155 per cent year-on-year on the back of rebounding domestic demand and lower fuel costs. Air China board secretary Huang Bin … [Read more...] about Air China to accelerate JV talks with Cathay
Cathay Pacific
DHL ups capacity on its Asia Air Network
Robust intra-Asian volumes have led DHL to increase capacity between Hong Kong and Singapore, which it serves through Air Hong Kong, a joint venture between Cathay Pacific and DHL. A 110-tonne capacity Boeing 747- 400F will replace the current 45 tonne capacity A300-600F, and will operate between both cities six days a week, more than doubling capacity on the SIN-HKG route, a vital link for Intra-Asia trade, DHL said. “The Boeing 747-400F service will link DHL’s Central … [Read more...] about DHL ups capacity on its Asia Air Network
Cathay Pacific makes further capacity cuts
Reporting a 22 per cent decline in turnover for the first quarter of 2009, year-on-year, Hong Kong-based Cathay Pacific Airways Ltd. said Thursday that it will cut capacity and ask its staff to take unpaid leave over the course of the next twelve months. The carrier said that from May 2009, overall planned cargo capacity will be reduced by 11 per cent while passenger capacity at Cathay Pacific will be reduced by 8 per cent and at subsidiary Dragonair by 13 per cent. The company also said it is … [Read more...] about Cathay Pacific makes further capacity cuts
Air China eager to set up Shanghai cargo carrier
China's Air China is set to buy East Star Airline and also is negotiating with Cathay Pacific and China Eastern subsidiary China Cargo Air to establish a joint venture cargo airline in Shanghai, according to a report in Chinastakes.com. Air China chairman Kong Dong, who also is general manager of Air China Group, Air China's parent company, said the buyout deal - with the nine plane, 10 route East Star Airline - would be finalised soon. East Star is believed to owe Hangzhou Xiaoshan Airport more … [Read more...] about Air China eager to set up Shanghai cargo carrier
Cathay bucks trend and expands cargo services
Cathay Pacific Airways today announced that it will expand its global freighter network with the launch of services to two new destinations in the US. On 6 March, the airline will add Miami and Houston to its list of US freighter destinations, which already includes New York, Chicago, Dallas, Atlanta, Los Angeles and San Francisco. The new service will follow a Hong Kong-Anchorage-Miami-Houston-Anchorage-Hong Kong routing and will be operated three times a week using B747-400ERF Extended Range … [Read more...] about Cathay bucks trend and expands cargo services
Cathay and Dragonair continue to suffer
January continued the downward plunge for Cathay Pacific Airways and Dragonair whose combined traffic figures for the month indicated another hefty fall in cargo and mail tonnage. The two airlines carried a total of 101,154 tonnes of cargo and mail last month, down 26 per cent on January 2008, while capacity, measured in available cargo/mail tonne kilometres, fell by 15.9 per cent. The cargo and mail load factor dropped by 4.5 percentage points to 59.1 per cent. … [Read more...] about Cathay and Dragonair continue to suffer
