Page 9 - AAA MARCH-APRIL 2012 Online Magazine

NEWS

NEWS SHORTS

kingfisher boss Vijay Mallya
was upbeat when asked about
his financial situation. “This has
happened in the past not just to
us but also to Air India. We have
resolved issues before and will do
so again.” Let’s wait and see.
boeing has completed all flight
certification tests for its 787-8
dreamliner running gE’s gEnx
engines. And built at least 40 of
the new planes. Looking good . . .

Leasing companies are looking at a
cash-flow squeeze on the heels of
airline woes. International Lease
finance Corp (ILfC) has seen
customers Malev and Spanair go
belly up, and AerCap has taken back
aircraft from a flapping Kingfisher.
Aengus Kelly, AerCap CEO, says we
will see more.
NetJets agreed to buy up to 120
HONg kONg PLANS THIRd RuNWAy planes from Bombardier Inc. to
add to its existing 750-plane fleet,
with 50 firm orders and a price tag
Cathay Pacific Airways has applauded the logistics, tourism and professional of US$2.8 billion due 2017.
Hong Kong SAR Government’s decision services markets. Cathay is making
to adopt a three-runway blueprint option significant investments into its home hub Abacus’ Asia Travel Insights
Survey 2011 claims mobile
for Hong Kong International Airport in Hong Kong, including more than 90 technology has contributed to
(HKIA). This in-principle approval follows new aircraft on order for delivery up to Asia’s strong rise in the global
strong support of the three-runway the end of the decade with a list price of travel landscape. Asian economic
option by operators and travellers alike. some HK$190 billion and a HK$5.7 billion growth, coupled with the uptake of
“We firmly believe the third runway is of cargo terminal. “We are confident that online services, was also flagged
as a key growth contributor.
critical importance to the sustainability of with the authorities, conservancy groups,
the Hong Kong economy and, therefore, the airline industry, the community at Indigo, on the back of Kingfisher’s
to the long-term prosperity and well- large and all other interested parties dive, has snagged second place
being of Hong Kong’s people,” said John working closely together, we can have a market share ranking, and claims
Slosar, Cathay Pacific Chief Executive. third runway that offers the best balance to be the only Indian carrier making
money. IndiGo’s one class budget
Slosar claimed a third runway is the of environmental, social and economic approach allows it to continue
only viable option to ensure the long- benefits for the people of Hong Kong,” expanding at one plane per month.
term competitiveness in the finance, added Slosar.

PROFILE

CAMPbELL WILSON SCOOTS INTO NEW JOb

Kiwi Campbell Wilson has been headhunted from SIA to be the initial CEO of no-frills, low-fare airline
Scoot. Wilson, 40, had previously been with SIA for more than 15 years; he joined SIA in New Zealand
in 1996 and has worked in Canada, Hong Kong and Japan. He is optimistic about Scoot’s chances,
describing the new airline as having “huge potential in this new market segment.” Scoot will operate
widebody aircraft on medium and long-haul routes.
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