Archive | January, 2009

Thai Airways’ call for govt hand out

Thai Airways International is calling on the govt for a 20-30 billion baht ($572-858 million) bail-out in the form of a bridging loan. It needs the cash because it has been losing money and needs to shore up its balance sheet. Some of the losses are due to events beyond its control – such as […]

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Indian summer

If there is a global credit crunch, someone forgot to tell India’s defence ministry. Other countries may be tightening their belts due to the ongoing global economic slowdown, but New Delhi continues with its procurements and tenders. And that is good news for the defence contractors.Washington appears to be the prime beneficiary for now, with […]

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Chinese consolidation talks begin

It’s happening. After months of speculation that more consolidation is set to come to the Chinese airline market, Air China has confirmed that its parent company is in talks to acquire some or all of much smaller East Star Airlines. (For more see the story below from our on-line news service Air Transport Intelligence). East […]

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AirAsia hits back

Malaysian budget carrier AirAsia is fighting back. The airline has been embroiled in controversy since last month when it was revealed that the government had quietly given it and local conglomerate Sime Darby approval to build an all-new airport outside Kuala Lumpur. Many, including Malaysia’s former prime minister, have questioned whether it is necessary, as […]

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Terminal silence

Controversy is brewing in Malaysia over a new airport that looks set to be built for the capital Kuala Lumpur by budget carrier AirAsia and government-linked conglomerate Sime Darby. It is already a political hot potato and things are likely to get hotter.It all began last month, when it was quietly revealed that the government […]

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