News
Cathay Pacific’s First-Half Profit Jumps
Hong Kong’s Cathay Pacific Airways first half net profit jumped to HKD$347 million (USD$44.77 million) from HKD$24 million a year ago. Turnover for the period rose by 4.6 percent to HKD$50.84 billion. Cathay said t...
Malaysia Announces Day Of Mourning For MH17 Victims
Malaysia has declared a national day of mourning on August 22, when 16 bodies from Malaysia Airlines flight MH17, downed over eastern Ukraine last month, are due to arrive from the Netherlands. The government said it wou...
Boeing May Further Accelerate Boeing 737 Production
Boeing has given a further signal that it is getting close to a decision on whether to further accelerate output of the 737, which could lift production to 52 a month. “We continue to see very strong demand,”...
Alitalia Secures Rescue Deal With Etihad
Etihad Airways will buy almost half of Alitalia and invest EUR€560 million (USD$751 million) into the Italian airline in a turnaround effort that will involve heavy job losses under a deal signed on Friday. The two air...
Malaysia Airlines Shares Rise On Takeover Offer
Shares of Malaysia Airlines rose 8.3 percent on Monday after state fund Khazanah said it will offer 27 sen for each share in the company it does not own, amounting to nearly MYR1.4 billion ringgit (USD$435 million) to ta...
Shangri-La Hotel Tianjin Opens in China
Shangri-La Hotels and Resorts opens its 85th hotel today in China’s largest northern port city. The 302-room Shangri-La Hotel, Tianjin sits on the bank of the Haihe River in the new Hedong District, overlooking Tianjin...
