Cathay posts big profit decline as premium demand dries up
Cathay Pacific says a difficult operating environment due to economic fragility and intense competition is expected to persist for the rest of calendar 2016 after reporting a sharp decline in first half profit and fewer passengers travelling in its business and first class cabins. The Hong Kong flag carrier said net profit for the six
Australia shows interest in LRASM anti-ship missile
Australia is one of a small number of nations that have shown interest in the AGM-158C Long Range Anti-Ship Missile (LRASM) being developed for the US Navy and US Air Force, Lockheed Martin has revealed. The LRASM is a development of the JASSM-ER, the extended range variant of the AGM-158 JASSM stand-off missile in service
IATA says passenger growth slowing
Global economic and political uncertainty has resulted in slowing demand for air travel, the International Air Transport Association (IATA) says. While passenger demand, measured by revenue passenger kilometres (RPK), rose by 5.2 per cent in June, compared with the prior corresponding period, IATA said the “upward trend in seasonally-adjusted traffic has moderated since January”. And
Brisbane Airtrain tickets to be offered via travel agents under new deal with Travelport
Tickets for the express train service that links Brisbane Airport with the city and onwards to the Gold Coast will be able to be sold through through travel agents under a new distribution arrangement with travel technology Travelport. Travel agents that use Travelport will be able to offer tickets for the train service to their
Scoot to launch Athens service in 2017, offering Australians new LCC option to Europe
Australians will have a new one-stop option to Europe from June 2017 when Scoot launches flights to Greece from its Singapore hub in one of the longest flights in the world to be operated by a low-cost carrier. Scoot, a wholly-owned unit of Singapore Airlines’ (SIA) Budget Aviation Holdings, announced on Tuesday it planned to expand into Europe
Lockheed Martin has been using its Center for Innovation to demonstrate and validate its ability to connect different systems such as aircraft and ships operated by the Australian Defence Force to allow them to share data. As part of its preparatory efforts to bid for the nascent AIR 6500 project for a joint battle management
