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
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
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
The former CEO and owner of collapsed Brisbane based carrier SkyAirWorld, David Charlton, is to be questioned by the company’s liquidator over allegations that the company was trading while insolvent. SAW’s liquidator Peter Lucas has told The Courier Mail that he was planning to question Charlton and five other stakeholders in the defunct company in
British Airways cabin crew have started a series of strikes after the Unite union had an injunction against it overturned on appeal. The cabin crew commenced a five day strike on May 24, with the airline saying that it plans to operate 60 per cent of its long haul flights and more than 50 per
The Association of Asia Pacific Airlines (AAPA) has released its traffic data for April, showing strong demand for both passenger and freight services despite the disruptions to long haul European services due to the Icelandic volcano eruption. Passenger numbers for the month increased by 11.7 per cent compared to April 2009, with traffic for the
