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  • August 30, 2014
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  1. News - Hong Kong - AVIATION

    It’s not fare! Cathay leaves thousands disappointed with HK$100 ticket promotion

    Posted Aug 27th 2014, 05:49am by Stuart Lau

    ... Stuart Lau stuart.lau@scmp.com Tens of thousands left disappointed after HK$100 tickets sell out in hours Cathay's cheap fares branded unfair Cathay Pacific's plan to please travellers with HK$100 business and premium economy tickets degenerated into a public relations disaster when it left tens of thousands of people disappointed yesterday. More than 150,000 people ...

    http://www.scmp.com/news/hong-kong/article/1580915/cathay-accused-cheap-fares-scam
  2. News - Asia - AVIATION

    After twin disasters, Malaysia Airlines slashes 6,000 jobs in revamp

    Posted Aug 29th 2014, 03:25pm by AP

    ... to take over the existing business and its reduced staff. The revamp and new investment in the carrier will cost about 6 billion Malaysian ringgit (HK$14.7 billion). Analysts say the staff cuts ...

    http://www.scmp.com/news/asia/article/1581690/malaysia-airlines-cut-6000-staff-overhaul
  3. Business - China Business - AVIATION

    China Aircraft Leasing to buy four Airbus A320s for US$375.6m

    Posted Aug 26th 2014, 09:29am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China Aircraft Leasing has reached an agreement with Airbus to buy four Airbus A320 aircraft for an aggregate basic price of about US$375.6 million (HK$2.9 billion), it said on Tuesday. The basic price includes the airframe, optional features and engine. The company also said in a statement to the Hong Kong stock exchange that it had signed ...

    http://www.scmp.com/business/china-business/article/1580735/china-aircraft-leasing-buy-four-airbus-a320s-us3756m
  4. Business - Companies - AVIATION

    Revenue boost for two mainland aviation firms on helicopter sales

    Posted Aug 26th 2014, 02:57pm by SIJIA JIANG

    ... aviation in the mainland. Revenue at Hong Kong-listed AviChina Industry and Technology rose 11.75 per cent to 10.4 billion yuan (HK$13 billion), which the firm attributed to growth ... a draft regulation to open up airspace. AviChina's shares in Hong Kong closed 1.87 per cent lower yesterday at HK$4.71, while Hafei Aviation's shares in Shanghai declined 0.71 per cent ...

    http://www.scmp.com/business/companies/article/1580795/avichina-profit-disappoints
  5. Business - Companies - AVIATION

    Hainan Airlines profit down 25.35pc

    Posted Aug 28th 2014, 11:03am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Hainan Air earnings dive on yuan fall Hainan Airlines, the mainland's largest privately held carrier, posted a 25.35 per cent drop in first-half net profit to 482.8 million yuan (HK$608.9 million) as an unprecedented depreciation of the yuan eroded earnings. Core revenue grew 2.92 per cent to 15.47 billion yuan as it carried 16.92 million ...

    http://www.scmp.com/business/companies/article/1581390/hainan-airlines-profit-down-6978pc
  6. Business - Companies - AVIATION

    Air China blames yuan depreciation for 55.42pc fall in first-half profit

    Posted Aug 27th 2014, 11:17am by SIJIA JIANG

    ... Sijia Jiang sijia.jiang@scmp.com Air China reported a 55.42 per cent fall in first-half earning to 510 million yuan (HK$642.5 million) as mainland airlines suffer from the depreciating yuan. Turnover rose by 8.5 per cent to 49.9 billion yuan while profit attributable to shareholders dropped from 1.145 billion yuan in the same period last year, the company said ...

    http://www.scmp.com/business/companies/article/1581078/air-china-blames-yuan-depreciation-5542pc-fall-first-half-profit
  7. News - Hong Kong - AVIATION

    Better pay, conditions for airport security work luring ex-staff back, firm says

    Posted Aug 10th 2014, 05:44am by Lana Lam

    ... was fired shortly after the Independent Commission Against Corruption launched an investigation into allegations that he had improperly claimed HK$760,000 in overtime pay without board approval ... of resources in the past year to improve the welfare and working environment of our employees". The starting salary of a frontline officer is now HK$12,820 per month, which includes a HK ...

    http://www.scmp.com/news/hong-kong/article/1570264/better-pay-conditions-airport-security-work-luring-ex-staff-back-firm
  8. News - Hong Kong - AVIATION

    Third runway at Chek Lap Kok would be 'white elephant', say groups

    Posted Aug 11th 2014, 06:10am by Ernest Kao

    ... Ernest Kao ernest.kao@scmp.com New runway 'set to be a white elephant' A third runway at Chek Lap Kok airport will become another "white elephant", groups opposed to the plan say. Neither Terminal Two, built in 2007, nor the HK$1 billion North Satellite Concourse, have helped the airport increase efficiency or flight capacity, according to environmental group ...

    http://www.scmp.com/news/hong-kong/article/1570787/third-runway-chek-lap-kok-would-be-white-elephant-say-groups
  9. Business - Companies - AVIATION

    Haeco results likely to be hit by labour shortage in Hong Kong

    Posted Aug 11th 2014, 03:56am by SIJIA JIANG

    ... capitalisation of HK$14 billion, run second only to Lufthansa Technik, owned by German flag carrier Lufthansa, in the aircraft maintenance business. But the stiff competition for skilled staff at home ... of the SIAEC-Boeing deal that it would "further strengthen Singapore's position as the leading aerospace hub in the Asia-Pacific". Haeco reported revenue of HK$7.4 billion last year, HK ...

    http://www.scmp.com/business/companies/article/1570883/haeco-results-likely-be-hit-labour-shortage-hong-kong
  10. Business - Companies - AVIATION

    Air India in pact with China Aircraft Leasing

    Posted Aug 04th 2014, 04:36pm by Bloomberg

    ... cent to HK$5.53 before ending at HK$5.43, up 1.5 per cent. China Aircraft Leasing last month sold HK$728.9 million of shares at HK$5.53 each in its initial public offering. The sale ...

    http://www.scmp.com/business/companies/article/1566234/air-india-pact-china-aircraft-leasing

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