AirGuideBusiness & Industry News: Airline Finance News - Asia / Pacific
New York (AirGuideBusiness - Airline Finance News Asia / Pacific) Mon, Sep 21, 2015
Thailand's City Airways to lease ten C919s and ten ARJ21-700s City Airways, based at Bangkok Suvarnabhumi, has signed a Memorandum of Understanding (MOU) with China's ICBC Financial Leasing Co for the lease of ten C919 and ten ARJ21-700s. Announced during the ongoing Beijing Aviation Expo 2015, six of the aircraft are sourced from ICBC's order book with Comac (Shanghai Pudong) with the rest new orders. Neither the deal's financial terms nor delivery dates were revealed. The Thai carrier currently operates a fleet of two leased Boeing 737-400s on charter as well as scheduled flights to Hong Kong Chek Lap Kok from Bangkok Don Mueang and Phuket in Thailand. Fri, Sep 18, 2015
Hong Kong Airlines drops IPO plans Hong Kong Airlines, based at Hong Kong Chek Lap Kok, has abandoned plans to go public citing the recent turmoil in China's markets. Quoting informed sources, The Wall Street Journal states the carrier decided to drop its IPO plans indefinitely on Monday this week. This is the third time in four years the carrier has had to cancel a planned listing. China's stock market volatility has heavily affected Hong Kongas own Hang Seng Index which has fallen 24% since hitting a 52-week high in April. Hong Kong Airlines had originally planned to pursue a dual-currency IPO in both Chinese Yuan (CNY) and Hong Kong Dollars (HKD), aiming to raise the equivalent of USD500 million to fund its fleet expansion requirements and to retire debt. The listing was deferred in March after Hong Kong Airlines failed to file a formal application within the six-month deadline following the submission of its draft prospectus. Fri, Sep 18, 2015
Latvia's Air Baltic eyes possible Asian cooperation Representatives from the Latvian Ministry of Transport have held talks with executives from South Korea's...