Airlines

Philippines Allows Foreign Ownership Of Telcos, Airlines

The Philippines on Monday eased restrictions to allow foreign ownership of airline, telecommunications and shipping operators, as it seeks to boost jobs and spur activity in the virus-hit economy.The archipelago nation has long struggled to attract foreign money, as red-tape, corruption and political uncertainty scared off investors who instead pumped billions of dollars into neighbouring nations.The amendments to the 85-year-old Public Service Act are the latest effort to woo foreign investm

22 March 2022
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Hopes For Recovery At Asia's Biggest Airshow

Asia's biggest airshow takes place in Singapore this week with the aviation sector hoping 2022 marks a turning point in a region where tough curbs have left coronavirus-battered airlines struggling to recover.The event, which takes place every two years and kicks off on Tuesday, brings together hundreds of airlines, plane manufacturers and other industry players to display their latest equipment, network, and strike deals.But the pandemic – which has been the biggest crisis to ever strik

15 February 2022
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Airlines Vs 5G: What Are The Concerns?

Airlines have voiced concern that the rollout of 5G mobile technology in the United States (US) could cause potentially dangerous interference with aircraft systems.Verizon and AT&T were activating their networks on Wednesday but agreed to delay their rollout near airports.Here are some key questions about the issue:Why Are Airlines Afraid? The C-Band frequencies used for 5G networks are close to those used by the altimeters of airplanes.US telecom operators were allocated fr

20 January 2022
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US Suspends Chinese Carriers Amid Rising Tensions

Washington on Wednesday ordered the suspension of all flights by Chinese airlines into and out of the United States (US) after Beijing failed to allow American carriers to resume services to China.The move adds to a growing set of tension points between the world's two biggest economies in the aftermath of the coronavirus crisis.The US action, which takes effect 16 June, but could be implemented sooner if President Donald Trump orders it, affects four Chinese civilian carriers, including

4 June 2020
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Coronavirus Slams Global Airlines

Numerous industries around the world have been hit hard by the coronavirus pandemic – some more than others. The aviation industry was one of the first sectors to feel the pinch from the deadly virus outbreak. Nationwide lockdowns, controlled borders and travel restrictions imposed by governments as preventative measures to contain the disease have resulted in significant reductions in passenger numbers.

29 May 2020
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Sustainable air travel with AI in the cockpit

Passenger air travel is predicted to sustain positive growth rates up to 2030, despite the challenge of high jet fuel prices that airlines are facing plus stagnant economic growth.These tough economic conditions are forecast to be offset by the rise in passenger numbers, which in turn is expected to improve the financial performance of the airline industry.It is believed that the global aviation industry will reach up to US$29.3 billion in profits in 2020, up from only US$8.3 billion in 2011.

22 March 2020
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Virus hit to aviation may top US$100 billion

Airlines could lose up to US$113 billion in revenues this year due to the coronavirus, equivalent to the damage experienced by the industry during the financial crisis, a trade body warned Thursday.The dire prediction came as Flybe collapsed into bankruptcy with the virus, which has killed over 3,200 people worldwide, dealing a fatal blow to the ailing British regional carrier.With the disease now rapidly spreading outside China, demand for air travel is nosediving globally, spelling serious

6 March 2020
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New airline to join Vietnam's congested skies

Vietnam’s skies are about to get more crowded.With state-owned Vietnam Airlines JSC and budget carrier Vietjet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October.Called Bamboo Airways, the new airline still needs a government aviation license before operating and is seeking to capitalize on the nation’s growing middle class and rapidly

1 August 2018
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Tycoon Tan prioritises the turnaround of Philippine Airlines

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.

12 September 2017
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