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- Edition: 1518
Headlines
Contents WestJet confirms order for 65 737 MAX planes
Boeing and WestJet announced that they have completed an order for 65 737 MAX airplanes, fulfilling the carrier's letter of intent to purchase the airplanes announced on August 29, reported PR Newswire. The order, valued at US$6.
Ryanair to launch domestic flights in Poland
President of Ryanair Michael O'Leary confirmed that as of September 30 the airline would relocate operations from the Warsaw Chopin Airport to Warsaw Modlin Airport, reported Polish News Bulletin.
SATS to buy terminal operator for $87.7m
Singapore airport services and catering firm SATS said it would buy a cruise and ferry terminal operator from a unit of Singapore state investor Temasek Holdings for US$87.7 million, reported Reuters.
Poland's LOT likely to ask for more state funds
LOT Polish Airlines will probably ask the state for more financial aid in October after reviewing its latest financial data, chief executive Sebastian Mikosz said, reported Dow Jones Newswires.
Alitalia seeks $209m
to avoid bankruptcy
Italy's troubled Alitalia airline will seek at least US$209 million in additional funding from its shareholders and an undisclosed sum from its banks in its latest bid to stave off bankruptcy.
Lion Air interested in Bombardier CS300 jet
The head of Indonesia's Lion Air, one of the world's fastest-growing low-cost airlines, expressed interest in buying a larger version of Bombardier's CSeries jet, reported Reuters.
United Continental, union reach tentative accord
Nearly six months after unionised ground workers at United Continental Holdings rejected a new combined labour contract covering workers from both United Airlines and Continental Airlines, the airline and the International Association of Machinists union
AirAsia India aims for December launch
Budget airline AirAsia aims to launch its Indian startup carrier as early as December, after securing a key approval from the nation's government, reported Dow Jones Newswires.
Maersk admits growth forecast wrong
The chief executive of Maersk Line said the company overestimated demand for container shipping, which has proved far more sluggish than the Danish shipping group expected when it ordered billions of dollars of new vessels two years ago, reported The
| | DHL Express makes rate adjustments
DHL Express has announced a general average price increase throughout Asia Pacific, effective January 1, 2014.
IndiGo profit surges six-fold to $125m
Bucking the loss-making trend of Indian carriers yet again, low-cost carrier IndiGo said it made a net profit of US$125.75 million in 2012-13 — up almost six times from last fiscal's figure of $20.57 million, reported The Times of India.
Viet low-cost carrier orders 92 Airbus jets
Vietnamese low-cost airline VietJetAir has placed an order with Airbus for 92 single-aisle airplanes, with a list price of US$8.6 billion as it seeks to expand beyond its domestic market into neighboring countries and later into northern Asia.
Incheon Airport embarks on $4.6b expansion
South Korea's Incheon Airport has begun a US$4.6 billion expansion to increase its passenger handling capacity 41 percent by 2017, to better compete in an Asian race to become a regional hub, reported Reuters.
Asian airlines find new ways to boost earnings
With Asia's airlines set to enter a third year of slumping profits, premium carriers in the region that were once bastions of earnings strength are now finding more ways to defend their turf, reported Dow Jones Newswires.
Qantas inks $4m deal to market Tasmania
Qantas Airways and the Tasmanian government have struck a three-year deal worth US$4.
Fund in bid to control
Port of Brisbane
Industry Funds Management (IFM) is seeking to take control of Port of Brisbane by buying Global Investment Partners' stake in Australia's third-largest container port by year's end in a deal worth as much as US$844 million.
Polar lanes attracting more ship traffic
Polar shipping lanes that are opening up with the retreat of ice in the Arctic Ocean are attracting more traffic as instability in the Middle East raises concerns about the security of the Suez Canal, reported Chicago Tribune.
Cuba woos Chinese investors with special development zone
Cuban Foreign Trade and Investment Minister Rodrigo Malmierca said Cuba welcomes Chinese investment in its first special development zone, reported Xinhua.
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