Qatar Airways' chief executive Akbar al-Baker, has said the Doha-based airline would push ahead with plans to grow its fleet to over 110 planes by 2013 from around 68 now, as well as place new orders at the Paris Air Show next month. Qatar Airways has placed orders for more than 200 aircraft worth a total of US$40 billion and plans to increase its routes to 120 in five years, from 84 now. "Whatever is happening around the world will not affect our growth plans. We are committed and remain … [Read more...] about Qatar to push on with ambitious expansion plan
Profitable
Sinotrans still profitable but feels slowdown
Chinese logistics company Sinotrans Ltd, recently reported a lower first half financial result for 2008, compared to the same period in 2007. The Beijing-based group, pointed to the economic slowdown in the US, combined with rising costs, successive natural disasters and other factors affecting the Chinese economy. Sinotrans’ liner shipping services and a large proportion of its freight forwarding activities are focused on the transpacific and intra- Asian trades. In H1 2008, … [Read more...] about Sinotrans still profitable but feels slowdown
