Singapore Airlines, the first carrier to put a double bed in its cabins, is spending 850 million dollars to refit all its Airbus SE A380 jets to take airborne luxury up another notch.The airline on Thursday unveiled its first major overhaul across cabin classes of its Airbus SE A380s since 2007, when it became the first carrier to fly the double-decker aircraft.
Singapore's Changi Airport opened a cutting-edge terminal Tuesday with a fully automated check-in system including facial scanning and computerised baggage drop points, but some passengers struggled with the new technology.Terminal 4, built at a cost of S$985 million (723 million dollars), will have an annual capacity of 16 million people and is aimed at coping with an expected increase in passenger numbers through one of Asia's top travel hubs.It is packed with new technology, mean
Garuda Indonesia is targeting a return to profit next year after a loss in 2017 as the flag carrier works to reduce expenses and operations improve.The airline is predicting a profit of 75 million dollars in the second half ending December but won’t be able to post a profit for the 12-month period following a larger loss in the first six months of the year, Chief Executive Officer Pahala Mansury said.
Malaysia Airlines on Friday named veteran senior executive Izham Ismail as its new CEO after his predecessor's shock departure dealt a fresh blow to the struggling carrier.
Three companies have offered to resume the search for flight MH370 but no decision has been reached on whether to take up any of the proposals, a Malaysian minister said Tuesday.US seabed exploration firm Ocean Infinity, Dutch company Fugro – which was involved in the original hunt – and a Malaysian company have made offers, Transport Minister Liow Tiong Lai told AFP.
In 2001, entrepreneur Tony Fernandes bought a debt-ridden airline company for only one Malaysian ringgit (0.26 dollar). Sixteen years later, from a staggering debt of 40 million Malaysian ringgit (11 mililon dollars), AirAsia has grown tremendously to reach a market cap of 11.6 billion dollars. From a single route between Langkawi and Kuala Lumpur, the low-cost carrier now flies to more than 165 destinations spanning 25 countries.
Grounded planes are helping a Philippine stock fly.Behind the five-fold increase in MacroAsia shares this year is a venture’s expanded jet service and maintenance business. The company is the top performer among the 274 equities listed on the Philippine Stock Exchange, with its market value approaching 300 million dollars.
Billionaire Lucio Tan said he plans to return his group’s Philippine Airlines to profit before selling a stake, two weeks after the carrier’s president said talks with a strategic investor were likely to produce a deal by the end of this year.PAL Holdings, the carrier’s parent, booked a net loss of 501 million pesos (9.8 million dollars) in the second quarter after reporting a 1.13 billion peso deficit in the previous quarter as higher fuel costs and aircraft lease charges boosted expenses.
