Brazil’s Azul mounts challenge to rivals with 17 Sao Paulo-Rio flightsInternational Finance DeskAugust 13, 2019March 18, 2020 by International Finance DeskAugust 13, 2019March 18, 2020 The decision comes after Avianca Brazil ceased to operate due to bankruptcy... Read more
Runway closure: Dubai airport passenger traffic falls 5.6%International Finance DeskAugust 12, 2019March 18, 2020 by International Finance DeskAugust 12, 2019March 18, 2020 The southern runway of the airport had been closed for 45 days from April 16 to May 30... Read more
Cathay Pacific’s China market under threat over protestsInternational Finance DeskAugust 12, 2019March 18, 2020 by International Finance DeskAugust 12, 2019March 18, 2020 The airline has been ordered to suspend its crew members who took part in protests organised against China... Read more
Number of flights on South Korea UAE sector not to be increasedInternational Finance DeskAugust 9, 2019March 18, 2020 by International Finance DeskAugust 9, 2019March 18, 2020 UAE had asked South Korea to double the number of flight services on the Incheon- UAE route... Read more
Saudi Airlines Catering net profit drops 8.27% to SR220.6 mn in H1International Finance Business DeskAugust 7, 2019 by International Finance Business DeskAugust 7, 2019 The company attributed the decline in net profits to the adoption of IFRS 16 from January... Read more
Singapore Airlines reports decline in profit by 21% for Q1International Finance DeskAugust 2, 2019 by International Finance DeskAugust 2, 2019 The net profit calculated for the first quarter of the year reportedly fell from S$120 mn a year ago to S$111 mn... Read more
Tour operator Vietravel to raise $30 mn in bonds to launch airlineInternational Finance DeskJuly 31, 2019December 23, 2019 by International Finance DeskJuly 31, 2019December 23, 2019 The tour operator plans to issue non-convertible bonds to raise funds for the establishment of Vietravel Airlines... Read more
San Miguel to build and operate Philippines’ largest airportInternational Finance DeskJuly 31, 2019December 23, 2019 by International Finance DeskJuly 31, 2019December 23, 2019 The proposed Bulacan International Airport project is worth $14.47 billion, with a 100 million passenger capacity annually... Read more
Government announces nationalisation of Kenya AirwaysInternational Finance DeskJuly 26, 2019December 23, 2019 by International Finance DeskJuly 26, 2019December 23, 2019 Kenya Airways, which is operating under huge debts, to be nationalized in a 2-year plan.... Read more
Morgan Stanley to explore performance strategy for Malaysia AirlinesInternational Finance DeskJuly 23, 2019December 23, 2019 by International Finance DeskJuly 23, 2019December 23, 2019 Khazanah has invested RM6 billion in the airline’s business in an effort to see profits in three years... Read more