- China Sees 2007 Airline Passenger Traffic at 185 Million[Jun. 06, 2007]
Passenger traffic at mainland airlines is expected to increase 16 pct to 185 mln in 2007, the General Administration of Civil Aviation of China (CAAC) said.
- China Business Aviation Boom to Be Exploited[Jun. 05, 2007]
Emerging market China is experiencing a boom in the demand for business aviation and tapping into this market, China aircraft charter and management company Business Aviation Asia (BAA) and joint venture partner Shenzen Airlines are to build a business aviation operation and support infrastructure.
- Cebu Pacific Increases Passenger Traffic by 89%[Jun. 08, 2007]
Cebu Pacific (CEB) registered an 89 percent growth in passenger traffic over the past 12 months ending May 31, 2007.
- Cathay Pacific CEO Outlines Hong Kong SAR's Positive Developments[Jun. 06, 2007]
Cathay Pacific Chief Executive Philip Chen shared his views with a large audience of Canadian businesspeople on the positive developments in Hong Kong since the establishment of the Hong Kong Special Administrative Region in 1997, with particular reference to the growth of the city's aviation sector.
- Rex Announces Continued Growth in 3rd Quarter FY07[May 31, 2007]
Regional Express Holdings Limited (Rex), Australia's largest regional airline, announced a revised group net profit forecast of above 40% growth for its full financial year over the previous period.
- oneworld Alliance Revenues Rise by More Than 10%[Jun. 04, 2007]
Revenues from oneworld alliance fares and sales activities rose by more than 10 per cent year-on-year to almost US$675 million in 2006, helping its partners maintain their record as the most financially sound grouping of airlines.
- Airbus Superjumbo Returns to Japan[Jun. 05, 2007]
On June 4, the giant Airbus A380 superjumbo touched down in Japan on a three-nation tour of the Asia-Pacific that will also take the world's biggest passenger aircraft to Australia and Taiwan.
- JAL Considers to Sell Part of JALcard[May 31, 2007]
Japan Airlines Corp (JAL) is considering selling up to 49% stake in wholly owned credit card subsidiary JALcard Inc as part of fresh restructuring measures aimed at rebuilding its operations, the Nikkei reported on May 30, without citing sources.
- SAA Outlines Major Restructuring[Jun. 05, 2007]
On June 4, South African Airways said that it will ground its 747-400 fleet, divide into seven subsidiaries and cut its management staff by 30% as part of a comprehensive restructuring effort aimed at returning the carrier to profitability.
- Bombardier Unveils NextGen RJs[Jun. 04, 2007]
Bombardier has formally introduced the Next Generation version of its CRJ700, 900 and 1000 that feature all-new cabins with increased use of composite materials.