Shares in Air Arabia have dipped more than 9% following the company's dividend payment of 8 fils per shares. The drop puts Air Arabia shares at the lowest closing price on the Dubai Financial Market General Index since its 2007 IPO.
Shares in Korean retail specialist Lotte Shopping Co rose 4.3% in trading on Wednesday. The company reportedly plans to sell US dollar bonds following investor meetings in Asia. Fitch Ratings recently assigned the company a foreign-currency senior unsecured A- rating, with a stable outlook.
Expedia and Malaysian LCC AirAsia announced the launch of a new joint venture company to to cover the Asia Pacific, as part of Expedia's efforts to ramp up its coverage and market share in the region. Under the agreement the new company will be formed to operate and Expedia-branded businesses across...
India's GMR Hyderabad International Airport Ltd has reportedly developed a three-pronged strategy to improve its revenues in the wake of a decline in the real estate market. The primarily focus will be to improve passenger traffic, with cargo a second focus and the third priority being to develop the...
CAE has announced CAD45 million in contracts with Virgin America and China Southern Airlines, taking its FY2011 civil full-flight simulator sales to 29. China Southern Airlines and CAE have expanded their Zhuhai training joint venture to provide civil helicopter training in Asia, while Virgin America...
China Eastern Airlines has forecast that a number of challenges in 2011, including the slow pace of global economic recovery, higher oil prices, a lack of airspace resources, the competitive challenges from China's express passenger railway network, the trend towards oligopoly and forging of alliances...
On almost the same day Alicante Airport’s Terminal 3 – effectively Terminal 1 as the first two terminals closed – and the new airport at Castellon, north of Valencia, opened; although the Castellon airport will not host flights for some time. Alicante is operated by AENA, the world’s largest...
Moody's Investor Service has downgraded the outlook on Qantas' Baa2 investment-grade credit rating to 'negative', citing concerns about high jet fuel prices and the impact of natural disasters. The carrier's stock eased 0.5% yesterday.
All Nippon Airways' preparations to launch a low cost carrier (LCC) in 12 months received a boost yesterday with confirmation Innovation Network Corporation of Japan (INCJ) has invested JPY10 million (USD120,176) to acquire a 33.3% stake in the A&F Aviation Co Ltd venture.
The UK government has established a highly paid 15-person committee to examine whether a focus group study should be conducted into the feasibility of a new bridge to connect London Heathrow Airport with Amsterdam Schiphol Airport. This follows strenuous attempts by the Conservatives’ Liberal Democrat...
The UK’s Competition Commission (CC) announced on 30-Mar-2011 that BAA will still be required to sell London’s Stansted Airport and either Edinburgh or Glasgow Airport in Scotland, following an appeal by Britain’s biggest airport operator.
Air Lease Corporation has mandated KfW IPEX-Bank as Arranger and sole Lender for an eight-year commercial debt financing of one 2008 vintage B777-300ER aircraft. The aircraft is being acquired from Air France and will be leased back to the airline for a period of eight years. The transaction closed...
