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Aviation Sector

Air services deals with Latin American countries signed by Singapore

Civil Aviation Authority of Singapore

As per the media reports, a new air services agreement has been signed by Singapore's civil aviation authority with three Latin American countries - Colombia, Ecuador and Peru.

The Civil Aviation Authority of Singapore (CAAS) said that the agreement with Peru permits unlimited passenger and cargo flights.

Garuda Indonesia to raise upto $400 through its Proposed IPO

Garuda Indonesia to raise upto $400 through its Proposed IPO

Indonesia's flag carrier PT Garuda Indonesia plans to raise up to $400 million in an initial public offering in June next year to fund its expansion.

The raised amount will be used to pay its debt, strengthen its capital structure and for carrying out expansion plans.

The company officials believe that the IPO would encourage good corporate governance and efficiency, enabling the airline to compete in Indonesia's crowded airline market.

First half sees Air China profit doubling

Air China

It has been forwarded by Air China, the national carrier, that it saw its net profit increasing more than twofold in the first half of the year, the credit of which goes to lower fuel prices, fuel hedging gains, and improving domestic travel demand.

In the first six months of 2009, the carrier posted a net profit of 2.9 billion yuan (424.5 million dollars), more than two times the 1.2 billion yuan net profit a year earlier.

Service in Chinese mainland to be commenced by Jetstar

Jetstar

Tuesday saw the low-cost carrier, Jetstar, declaring that it is to commence its first services into Chinese mainland from December this year. It was forwarded by the airline that it will be from 16th December that the four weekly services between Singapore and Haikou, the capital of Hainan Province, will be started.

Firefly to fly daily to Ipoh from Sept 1

Firefly to fly

A strong demand has led to an increase in flights by Firefly to its Ipoh-Singapore route from 1st September.

Via a statement, it was forwarded by Firefly marketing and communications head, Angelina Fernandez, that the flight frequency would be increased by carrier from four times a week to once a day.

She added that the carrier is optimistic that more travel and growth prospects between Ipoh and Singapore will be stimulated by the additional flights.

JAL gets Ministry’s nod for reinstating Fuel Surcharge from October 2009

JAL gets Ministry’s nod for reinstating Fuel Surcharge from October 2009

The Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has given its nod to JAL for reinstating fuel surcharge on international flights from October 1, 2009. The fuel surcharge was dropped earlier this year due to decline in fuel prices below US$60.00 per barrel.

Now, JAL has announced the resumption of fuel surcharge over tickets issued during the October-December period, based on the average US$71.41 per barrel of Singapore kerosene, which will be around 300 yen on a Japan-Korea ticket, and 10,000 yen on a Japan-Brazil ticket per person.

Australian police probe to Bomb threat to Singapore Airlines

Australian police probe to Bomb threat to Singapore Airlines

Australian police, notified of the bomb threat at about 2:15 a.m., against Singapore Airlines Ltd, has initiated a probe, as per information provided by the police and the carrier.

Singapore Airlines’ call center in Mumbai got a phone call from an unidentified person, claiming a bomb on board a flight that was scheduled to leave for Melbourne International Airport.

Singapore Airlines spokeswoman, Susan Bredow, said that the carrier put its crew members on board flight SQ227 on alert, and also conducted safety checks to avoid any mishap.