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  1. Macau chief executive's family firms sell stake in Air Macau

    Posted Jul 15th 2009, 12:00am by Charlotte So

    ... Neil Gough and Charlotte So Two companies controlled by the family of Macau Chief Executive Edmund Ho Hau-wah have sold their combined 1.25 per cent stake in financially troubled Air Macau to a subsidiary of mainland flag carrier Air China, according to sources. The private sale for an undisclosed sum to Air Macau majority shareholder CNAC (Macau), confirmed yesterday by sources at Air ...

  2. Air Macau left with few routes to reinvent itself

    Posted Jul 21st 2008, 12:00am by Charlotte So

    ... Charlotte So The first regular direct flights between Taiwan and five major cities on the mainland got under way this month, presenting a major threat to revenues earned by Air Macau from ... revenues, say airline watchers. Of about 2.4 million passengers carried by Air Macau last year, 40 to 50 per cent were travelling between Taiwan and the mainland, said a transport analyst. ...

  3. High fuel costs threaten to ground Air Macau

    Posted Jul 11th 2008, 12:00am by Charlotte So

    ... Charlotte So Air Macau is facing the biggest financial crisis in its 14-year history, with soaring fuel prices threatening to push the carrier into bankruptcy. Shareholders including Air China and Stanley Ho Hung-sun's Sociedade de Turismo e Diversoes de Macau (STDM) will meet this month to decide the fate of the city's largest carrier. That could include winding up ...

  4. Embraer sees strong mainland demand for aircraft

    Posted Oct 27th 2008, 12:00am by Charlotte So

    ... Charlotte So in Macau The mainland will need an additional 883 aircraft serving regional destinations in the next 20 years, according to Embraer, the third-largest aircraft manufacturer in the world. The forecast, made in Macau by Embraer vice-president Guan Dongyuan, compares with predictions from larger rivals Boeing and Airbus that the mainland will require more than 3,000 large ...

  5. China Eastern downbeat on sales

    Posted Apr 16th 2008, 12:00am by Charlotte So

    ... appreciation and unrest in Tibet. The Shanghai-based airline said international passenger traffic fell 4.63 per cent last month from March last year, while passenger numbers from Hong Kong and Macau ... international passenger growth as the service has not been well-received,' said Daiwa Institute of Research transport analyst Kelvin Lau. Routes to Hong Kong and Macau are suffering from ...

  6. Korean Air losing money on half its China routes

    Posted Sep 25th 2008, 12:00am by Charlotte So

    ... is scheduled to relaunch thrice-weekly flights between Seoul and Macau, which have been suspended for 10 years. The move came after Air Macau said it would focus on the Japanese and Korean markets ... Macau. Korean Air, which accounts for more than 45 per cent of air traffic in Korea, is facing growing competition from budget airlines. The nation has 15 regional and four local low-cost ...

  7. Air China chief takes safe route in stormy weather

    Posted Oct 13th 2008, 12:00am by Charlotte So

    ... and Air Macau. Air Macau is not a good investment though, is it? Air Macau is facing headwinds. We, as a controlling shareholder, will introduce suitable measures to save it. One of the major problems is the direct link across the Taiwan Strait which diverts most of the transiting passengers that used to go via Macau. The local market is too small given that the population in Macau ...

  8. Direct flights across strait may be doubled

    Posted Apr 23rd 2009, 12:00am by Charlotte So

    ... and Macau, which had benefited from triangular routes between the mainland and Taiwan for decades, would be hit hard once the direct link service was doubled, Mr Kong said. 'I acknowledge that it is a big headache for Cathay [in which Air China has a 17.5 per cent stake] and an even bigger hit to Air Macau, in which we have a 51 per cent stake,' he said. 'But Hong Kong has ...

  9. Air China lifts Cathay Pacific stake to 29.99pc

    Posted Aug 18th 2009, 12:00am by Charlotte So

    ... Shanghai-based carrier. 'Increasing its stake in Cathay is definitely better than putting money into Air Macau,' said Kelvin Lau, a transport analyst for Daiwa Institute of Research. Air China acquired an extra 1.25 per cent of Air Macau from the family of former Macau chief executive Edmund Ho Hau-wah in June, lifting its interest in the carrier to 52.25 per cent. By limiting its Cathay ...

  10. Korean Air to expand coverage of mainland

    Posted May 05th 2009, 12:00am by Charlotte So

    ... for the long-awaited Seoul-Macau route had yet to be finalised, he said. It would probably be operated by Jin Airlines, a budget airline wholly owned by Korean Air. Hong Kong's role as the gateway ...




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