Bangkok’s Suvarnabhumi Airport has completed its first phase of repairs to the airport’s eastern runway, returning operations to normal, officials said.
The airport, Thailand’s main gateway, is working through a maintenance program for its eastern runway that began June 11. However, well-reported problems with cracks on parts of the runway and a power outage that delayed some flights and disrupted others raised concerns.
Philippine-based airline Cebu Pacific (5J) will sell its entire Airbus A319 fleet of 10 aircraft to Las Vegas, Nev.-based Allegiant Travel Co., according to a statement made to the Philippine Stock Exchange.
Singapore-based Tiger Airways Holding narrowed its loss after tax to S$14 million, ($11.2 million) for the second quarter, against a S$21 million loss recorded during the same period last year, the company said.
Qantas (QF) has denied rumors of a possible takeover bid after media reports that a group of wealthy individuals, including venture capitalist Mark Carnegie, was putting together a syndicate to make a bid for the Australian carrier.
Bangkok Airways (PG) is planning to list on the Stock Exchange of Thailand in early 2013, to enable it to acquire aircraft and build a new hangar at Suvarnabhumi, president Puttipong Prasarttong-Osoth told ATW.
The collective market value of publicly traded airlines worldwide has more than doubled since 2009, but is still below pre-2008 financial crisis levels, according to a top industry stock analyst....More