On 16th August, Qantas announced the formation of a new wholly owned subsidiary domestic air freight business, Express Freighters Australia, to commence operations from October 2006.

Hong Kong International Airport said on Tuesday it recorded a monthly record throughput of 4.1 million passengers in July, up 8.6 percent from the same month last year, thanks to robust visitor arrivals.

Jetstar International hopes to begin flying to Honolulu before Christmas after receiving US permission for five services a week, and it is now training its sights on Singapore.

Cathay Pacific Airways today announced a profit attributable to shareholders of HK$1,668 million in its 2006 Interim Results, compared with a profit of HK$1,670 million the previous year, as high fuel prices continued to undermine increased productivity and revenue.

Japan Airlines Group appears to have made significant progress in its restructuring with a fiscal first-quarter loss of 26.7 billion yen ($233.2 million) set against sharply increased fuel costs, an improvement over the year-ago period's 38.3 billion yen loss.Over the past 12 years JAL typically has posted a loss in the quarter ended June 30. All numbers in the recently completed quarter were positive. Operating revenues were up 3.7% to 522.2 billion yen and international traffic revenue rose 5.2%, reflecting a focus on high-profit and high-growth-rate routes. Cost-structure reforms limited the negative impact of an 11.6% increase in fuel costs and an unfavorable US dollar-yen exchange rate. Operating expenses rose only 3.5% to 554.1 billion yen.

Saudi Arabian Airlines will privatise five units next year, some through public listings, to pave the way for the flotation of its core transport business, company and banking sources told Reuters news agency on Sunday.

China Southern Airlines, one of the nation's three top airlines, is looking for potential partners for a cargo venture.

After initially postponing a meeting at which they planned to review a $500 million bid from freight and logistics company VarigLog due to reported changes in the offer, Varig creditors late Monday decided to reject the bid, forcing the Sao Paulo stock exchange to suspend trading in Varig stock briefly after a rush to sell, according to press reports, and leaving Brazil's flag carrier on the cusp of liquidation.

Boeing is making solid progress on the 787 Dreamliner. Mike Bair, vice president and general manager of the program, today told reporters at the Farnborough Air Show.

Brazilian freight and logistics company VarigLog, a former subsidiary of its namesake airline, boosted its bid for the bankrupt carrier after a Rio de Janeiro bankruptcy court judge reversed his decision last week to present the approximately $500 million bid to creditors, who may be better off if Varig is liquidated, Bloomberg News reported. The judge will ask creditors to review the higher offer at a July 17 meeting. If it is approved, VarigLog could win the carrier's operating assets at an auction scheduled for the following day.