
Narita Airport Authority President and CEO, Kosaburo Morinaka
21-Nov-08 11:20 AM

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Ibaraki Airport, a new civil airport being developed at Hyakuri Military Base northeast of Tokyo, has commenced construction of its passenger terminal building. The USD26 million project, which will be handled by the Ibaraki Prefecture Development Public Corporation, is expected to be completed by Dec-09. The airport is aiming to serve as a secondary airport in the Tokyo Metropolitan area, which currently lacks lower cost alternatives to Narita and Haneda.
21-Nov-08 11:15 AM
Heavy selling struck AdP's shares on 20-Nov-08 as Air France confirmed capacity cuts for the Winter and announced it would now stagger a fleet investment programme over a longer period, making for fewer seats at the Paris hub.
21-Nov-08 10:56 AM
Global share markets have been savaged this week as each wave of economic data points to a deep and lasting recession in the major world economies. This increasing realisation sent oil prices tumbling below USD50 for the first time since May 2005. For many Asian carriers, this will magnify paper losses on wrong-way bets on fuel hedges, but for all airlines it signifies sharply weaker economic prospects, and therefore, weaker demand.
21-Nov-08 8:30 AM

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Philippine Airlines (PAL) has reported a USD113.8 million net loss for the six months ended 30-Sep-08, due mainly to sharply higher fuel costs.
20-Nov-08 5:45 PM

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This Week's Featured Publication:
20-Nov-08 11:35 AM

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The phenomenal growth in aviation witnessed in the Middle East and the progressive liberalisation of access by regional governments has attracted an unprecedented wave of airline start-ups to the region. However, Walter Prenzler, CEO of nas air has forecast that consolidation will become a part of the regional LCC market, in the next few years reflecting in more mature markets over recent years.
20-Nov-08 11:00 AM

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General Authority of Civil Aviation (GACA) took a key step forward in realising its long term goals of reforming Saudi Arabia’s aviation sector, this month officially awarding two foreign companies a total of USD154.8 million in management contracts for its three busiest airports.
20-Nov-08 10:57 AM

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Wataniya Airways CEO, George Cooper, announced in early Nov-08 that the carrier has no plans to defer its launch of operations in Kuwait from its Jan-09 target, despite the ongoing global financial crisis. The premium-focused carrier’s CEO stated that while it may have been easier for the carrier to have launched services during a “less volatile” period, it is pushing ahead despite the present uncertainty. The carrier recently completed hiring of both pilots and cabin crew for its launch phase.
19-Nov-08 03:00 PM

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Kuwait International Airport’s (KIA) reports passenger numbers returned to positive territory in Oct-08, helped by a surge in travel during the Eid Al-Fitr holiday period. The airport reported passenger numbers surged 14% year-on-year in Oct-08 to 577,810.