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 Aircraft & Manufacturers
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Aeronautics researchers at NASAs Dryden Flight Research Center recently completed flight tests of a ... |
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Australian airline Qantas Friday reassured passengers there was no risk to safety after cracks were ... |
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Hondas first ever commercial aircraft, appropriately named the HondaJet, follows in the footsteps .. ... |
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Airlines business
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In the third quarter of 2011, 79% of scheduled flights were on-time, seven percentage points higher ... |
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Two of Asias largest financial group are vying to buy the aircraft leasing business being ... |
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Airlines business
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| Thurday, 07/02/2012, 21:16:10 PM | | | | AirAsia X to seek public listing as independent airline | | |  Comment |  Send To E-mail |  Print | | | | AirAsia X will be spun off into a standalone, publicly traded company with an IPO targeted for the second half of 2011, subject to market conditions, AirAsia Group said yesterday. The long-haul arm was launched in November 2007 "and is now reaching sufficient scale economies to stand on its own instead of relying on services provided by AirAsia," the company stated. AirAsia also will seek separate listings for its Thailand- and Indonesia-based affiliates.
"After more than two years of operation, we have begun to notice some dilution of the AirAsia business model and recognize the need for AirAsia and AirAsia X to remain focused on their respective markets. Nevertheless, we are extremely pleased with how quickly AirAsia X has grown in the two-and-a-half years since its birth," Group Chairman and CEO Tony Fernandes said. The long-haul unit booked a net profit of MYR87 million ($26.1 million) on revenue of MYR720 million last year and is forecast to generate more than MYR1 billion in revenue in 2010, according to the company.
Under the reorganization, AirAsia X "will take over employment" of its own flight crew and ground staff, "as well as its commercial and marketing team." It is completing a MYR100 million rights issue "to achieve financial independence and fund its continued growth," AirAsia said. It will continue to use the AirAsia brand and airasia.com website as part of its 30-year brand license agreement.
Source: Air Transport World | | | |
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 | | IATA revises forecast, predicts industry will earn $2.5 billion in 2010 | | | IATA yesterday forecast that the international airline industry will post a profit of $2.5 billion in 2010, a significant upgrade compared with its March prediction of a $2.8 billion loss. | | |
AirChina.jpg) | | Air China Increases Capacity Air France Holds Fast | | | Airline chiefs gathering for their annual meeting in Berlin today face the biggest decision since the recession: whether to boost capacity as demand for travel surgesrestrict supply and focus on rais ... | | |
 | | All Nippon Plans First 787 Overseas Flights in March | | | All Nippon Airways Co., the first customer of Boeing Co.’s 787 Dreamliner, plans to start flying the aircraft overseas in March, increasing international operations while rival Japan Airlines Corp. sl ... | | |
 | | Bombardier hopeful of CSeries customer in China this year | | | Bombardier is growing ever more confident that it could score its first Chinese customer for the CSeries aircraft in the coming months. | | |
 | | Hainan launches Shanghai-Brussels flights as China-Europe market strengthens | | | Hainan Airlines is seeing a marked improvement in the China-Europe market, with both demand and yield showing growth, GM-Europe Liang Pubin told this website Friday in Brussels as the carrier launched ... | | |
 | | Qantas to Add A380 Melbourne-to-London, L.A. Flights (Update2) | | | Qantas Airways Ltd. plans to boost Airbus SAS A380 flights from Melbourne to London and Los Angeles as it expands its fleet of the world’s largest passenger plane. | | |
 | | Garuda to Resume Europe Flights After EU Ban Ends | | | PT Garuda Indonesia, rated the world’s most-improved airline, will fly to Europe for the first time in six years today after the European Union eased a ban on the nation’s airlines following a series ... | | |
asa_crj700.jpg) | | Bombardier quiet on CRJ production plan in advance of earnings release | | | Bombardier is remaining silent on whether it will further slash its CRJ regional jet production rate, but managements decision could be announced at the firms forthcoming fiscal 1Q earnings conference ... | | |
 | | Lufthansa Favors New Engines for Airbus, Boeing Jets | | | Deutsche Lufthansa AG, operator of the biggest aircraft fleet in Europe, said it’s in favor of Airbus SAS and Boeing Co. putting new engines on their existing narrow- body models to help reduce operat ... | | |
 | | Lufthansa Fills First A380s, Boosting Profit on Asia Routes | | | Deutsche Lufthansa AG said the extra seats on the Airbus SAS A380 superjumbo aircraft that join its fleet from today have been sold for coming months, boosting profitability on high-density routes to ... | | |
 | | TAM Airlines joins Star Alliance | | | Brazilian carrier TAM Airlines joined the Star Alliance network on May 13th. TAM Airlines offers more than 40 destinations in Brazil and 10 airports across South America. | | |
 | | Emirates Net Rises Fivefold on Cost Cuts, Fuel Prices | | | Emirates, the biggest Arab airline, said it expects to fly 15 percent more passengers this year after reporting a more than fivefold jump in annual profit on cost cuts, lower fuel prices and productiv ... | | |
 | | Airbus aims for 20-plus A380 deliveries in 2010 | | | Airbus is aiming to deliver at least 20 A380 aircraft this year, the airframer believing that it is making good progress on smoothing the production process. | | |
| | | Airlines improve on-time performance in March | | | U.S. airlines are doing better a better job of staying on schedule, according to the government. | | |
 | | Ash Cloud May Cost Travel Industry $1.5 Billion, TUI Chief Says | | | The volcanic ash cloud that shut down U.K. airspace for six days last month may have cost the travel industry more than 1 billion pounds ($1.5 billion), according to Peter Long, the head of tour opera ... | | |
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VALC News
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On November 5th, 2011, Vietnam Aircraft Leasing Company (VALC) took delivery of the EC155 B1 ... |
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On December 6th 2010, The signing ceremony of general terms of engines purchase and support for IAE ... |
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Vietnam Aircraft Leasing Company (VALC) would like to announce that our Head Office will be ... |
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HANOI - As a practical contribution to celebrate the 1000th anniversary of Thang Long-Ha Noi, ... |
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VALC (Vietnam Aircraft Leasing Company) has mandated Calyon as sole arranger of the export credit .. ... |
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