Korean Air announced earlier this month that it would purchase five Boeing 747-8 Intercontinental jetliners SOUTH KOREA worth US$1.5 billion at list prices in an important deal for the successor to the classic 747 jumbo jet. The South Korean carrier becomes the second airline after Germany’s Lufthansa to order the plane, which has waited almost three years for a second passsenger-carrying customer. Until now, Boeing had previously sold 27 passenger versions of the 747-8 airplane … [Read more...] about SOUTH KOREA: Korean deal for B747-8I gives boost to Boeing
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MALAYSIA: Transmile still in red, but reduces losses
Malaysia-based Transmile Group has reduced its pre-tax loss in the third quarter ended 30 September to RM14.8 million (US$4.4 million) from RM26.3 million in the corresponding quarter of last year. Its revenue fell to RM30.5 million from RM68.1 million mainly due to lower charter revenue off-set by higher general freight sales generated from flights to East Malaysia. For the first nine months, its pre-tax loss dropped to RM57.6 million from RM94.9 million in the corresponding period last … [Read more...] about MALAYSIA: Transmile still in red, but reduces losses
MALAYSIA: AirAsia X adds India, Abu Dhabi routes
AirAsia X, the low cost long-haul airline off-shoot of Malaysian budget carrier, AirAsia recently began daily direct flights to Cochin, the commercial capital of Kerala, after expanding to the South Indian city of Trichy last year. This was followed by the start of flights to Trivandrum and Kolkata. AirAsia X also began flights to Abu Dhabi from 23 November … [Read more...] about MALAYSIA: AirAsia X adds India, Abu Dhabi routes
MALAYSIA: Malaysia Airlines’ A380s delayed by Airbus
Malaysia Airlines (MAS) said the first deliveries of its Airbus A380 aircraft have been delayed at the manufacturer’s request, the carrier said in a statement. The first of the airline’s six A380s which were supposed to arrive in January 2011, with additional planes being delivered at one-month intervals, but the aircraft will now start arriving in August 2011 at the earliest, MAS said. Boeing is due to start delivering 35 B737-800 planes to MAS from the fourth quarter … [Read more...] about MALAYSIA: Malaysia Airlines’ A380s delayed by Airbus
MALAYSIA: Asian airlines say recovery ‘tentative’
Preliminary traffic data released by the Association of Asia Pacific Airlines (AAPA) for October indicate that the recovery remains tentative. AAPA international air cargo demand maintained the trend of slow but steady improvement, with traffic just 2.4 per cent below the levels recorded in October 2008, the smallest shortfall so far this year. The average international cargo load factor in October rose by 4.2 percentage points to 69.1 per cent, as carriers reduced capacity by 8.3 per cent. … [Read more...] about MALAYSIA: Asian airlines say recovery ‘tentative’
MALAYSIA: Penang forwarders complain of soaring rates
Airfreight rates being offered by major cargo carriers have reached an all-time high, prompting many local companies and multinational corporations in the Malaysian high-tech production centre of Penang to use smaller carriers to send their cargo out of KL International Airport (KLIA), the 125-member Penang Freight Forwarders Association (PFFA) said. The association’s first vicepresident and air freight chairman P. Kalimuthu told StarBiz that airfreight charges had risen … [Read more...] about MALAYSIA: Penang forwarders complain of soaring rates