Rex posts lower profit
Regional Express Holdings has announced its third quarter profit, which came in 41 per cent lower than the equivalent period last year. The aviation group, which includes the Rex airline, Air-Link, Pel-Air and the Australian Airline Pilot Academy, recorded an unaudited profit before tax of $4.4 million, down significantly from the $7.5 million it recorded
ATR considers bigger engines
ATR says that it has entered advanced discussions with Pratt & Whitney and General Electric on engines to power a larger turboprop airliner, which it could launch over the next year. “You know we are discussing with two to three engine manufacturers but not just general discussions, but in a very detailed way, and namely
Qantas farewells Socceroos
Qantas held a special ceremony for the Socceroos at its Melbourne jetbase before the team and a number of supporters departed on a special flight to Johannesburg ahead of the 2010 FIFA World Cup which commences in June. The team departed from Melbourne on May 26 in Qantas 747-400 VH-OJS for the 13 and a
Cathay sells stake in cargo terminal
Cathay Pacific and its major shareholder Swire Pacific have sold their shares in Hong Kong Air Cargo Terminals Limited, which is building a new HK$5.5bn (A$865m) state of the art cargo terminal at Hong Kong International Airport. Cathay owned a 10 per cent stake in the company, which came after the airline’s services division was
BA posts record loss
British Airways has recorded its largest full year loss since its privatisation in 1987, but says that it aims to break even next year as the market for long haul premium travel recovers from the global financial crisis. The airline’s net loss came in at £531m (A$923m) for the financial year ending March 31, much
Qantas granted Korea freight rights
The International Air Services Commission (IASC) has granted an application from Qantas to will allow it to operate unlimited cargo services to and from Korea, while it has also been granted a separate determination allowing China Eastern Airlines to codeshare on Qantas services. The IASC has granted Qantas a 10 year allocation of unlimited cargo
