- Japan Airlines: To Take 42% Stake in Jetstar JV With Qantas, Mitsubishi[Aug. 15, 2011]
Japan Airlines Corp. said Tuesday that both it, and Australia's Qantas Airways will both hold a 42% stake in a low-cost carrier joint venture on a total investment basis.
- Hainan Airlines to Wholly Hold China Xinhua Airlines[Aug. 15, 2011]
Hainan Airlines Company Limited plans to spend 1.08 billion yuan in purchasing a 32.41% stake in China Xinhua Airlines, aiming at a wholly shareholding of the latter.
- Brazil's Gol Sets Share Buyback After Deeper Q2 Loss[Aug. 12, 2011]
Gol Linhas Aereas, Brazil's second-biggest airline, reported a second-quarter net loss seven times deeper than a year earlier as fuel costs soared and passenger revenue slipped.
- Hainan Airlines to Buy Remaining Stake in Xinhua Airlines[Aug. 15, 2011]
Hainan Airlines reported that it plans to spend 1.08 billion yuan to acquire a 32.41 percent stake in Xinhua Airlines from Grand China Air, reports China Securities Journal, citing the company's announcement.
- Macau Sees Drop in Taiwan Traffic; Las Vegas of Asia Now Attracts Gamblers from Mainland China[Jul. 27, 2011]
Like its larger neighbour Hong Kong, Macau on the southern coast of China was the colony of a European power until the Portuguese handed the island and peninsula back to China in 1999. A few years before, in 1995, Macau International Airport (MFM) had been built, largely on reclaimed land, providing the "Las Vegas of Asia" with another source of income.
- China Eastern Passenger Throughput Up 5.3% in July[Aug. 15, 2011]
China Eastern Airlines posted a 5.32 percent year-on-year increase in passenger throughput to 9.528 billion in July, reports Yicai.com, citing a company filing.
- Boeing Spends US$4.4 Million on 2Q Lobbying[Aug. 13, 2011]
Aircraft builder and defense contractor Boeing Co. spent US$4.4 million lobbying the government during the second quarter on issues including federal defense and aviation spending and foreign relations.
- Air India Says Aviation Ministry Official Named New Chairman[Aug. 13, 2011]
State-run Air India Ltd. said the federal government has appointed Rohit Nandan, a joint secretary in the ministry of civil aviation, as the ailing carrier's new chairman and managing director.
- Machinists Win Union Election at United[Aug. 11, 2011]
The union that represents ramp workers at United Airlines won an election on Thursday to cover more than 14,000 workers as it combines with Continental.
- Thai Airways Turns to Q2 Net Loss Due to Fuel Costs[Aug. 11, 2011]
Thai Airways International Pcl reported a net loss in the second quarter on Thursday, hit by surging jet fuel costs and a low cabin factor due to the impact of the Japanese earthquake in March.