- CNAC to Make Counter-Bid If China Eastern's Singapore Deal Fails[Jan. 04, 2008]
China National Aviation Corporation (Group) (CNAC), a major shareholder in China Eastern Airlines (CEA), said it would make a counter-offer if the carrier's deal with Singapore Airlines (SIA) failed to get shareholder approval on Jan. 8.
- JAL Considers Spinning Off Cargo Business[Dec. 31, 2007]
Japan Airlines, struggling with high oil and labour costs and hit by a string of safety mishaps, will seek capital of up to US$1.3 billion from creditors and business parters.
- PurpleJet Sets Sight on New Era of Budget Travel[Jan. 03, 2008]
The battle in the air travel market will be fiercer this year with as many as 10 low-cost domestic carriers gearing up to start operations in South Korea.
- BA Opts for Boeing in US$4.4 Billion Deal[Dec. 29, 2007]
British Airways has finalised a US$4.4 billion order for 24 787s, the wildly successful wide-body jet developed by Boeing.
- Frequent Traveler Q&A: Plenty of Miles, But Not Enough Seats[Jan. 03, 2008]
Question: As a top Lufthansa frequent flier I would like to redeem my miles for a business-class ticket to Australia on Singapore Airlines. However, I could not find any seats available as far as 11 months in advance. Is it legal for Singapore Airlines not to offer even a single seat for an award ticket? Rok Deu, Barcelona
- Former Rivals Step in to Fill MAXjet Void[Jan. 03, 2008]
When all-business-class carrier MAXjet Airways announced it was filing for bankruptcy and shutting down service on Christmas Eve, two other all-business-class airlines quickly stepped forward to offer services to displaced passengers and reaffirm their commitment to the service model.
- Air China Parent Plans Counterbid for China Eastern[Jan. 03, 2008]
China National Aviation Holding Co. is planning a counterbid for a stake in China Eastern Airlines Corp. at around HK$5 (US$0.64) a share, a person in China familiar with the situation said on Jan. 3.
- China Southern Airlines Reports 10-Fold Jump in 2007 Profits[Jan. 03, 2008]
On Jan. 3, China Southern Airlines (CSA) said that 2007 had been a record year as it reported a near 10-fold jump in profits.
- Zhengzhou to Become Air Hub[Jan. 03, 2008]
Officials here have unveiled an ambitious plan to develop Zhengzhou's newly expanded airport into a major gateway to Central China, with possible direct flights to North America and Europe.
- China Southern Parent 2007 Profit at Record 3 Billion Yuan[Jan. 03, 2008]
State-owned China Southern Air Holding Co, parent of China Southern Airlines Co Ltd, had a record pre-tax profit of nearly three bln yuan in 2007, the official Xinhua news agency reported.