Transportation Industry

Airline Finance News - Asia / Pacific

AirGuide Business, Oct 13, 2008

Oct 13, 2008

China's air travel market is likely to remain weak as the global economy falters and may not rebound until the second half of next year, a senior Chinese airline executive said on Thursday. Oct 9, 2008

Chinese carriers should get some relief in the fourth quarter as the Chinese government decided to cut the price of fuel by CNY570 ($82.37) per ton owing to the recent drop in international oil prices. Oct 7, 2008

AirAsia

AirAsia will soon be taken private, a local business weekly reported at the weekend, citing unnamed sources. Oct 6, 2008

Amadeus, Qantas Airways

Amadeus said Qantas is now using the full Amadeus Altea Customer Management System to manage its entire sales, reservations, inventory and departure control functions. The GDS technology company said the recent migration of the carrier to the new check-in and flight boarding system, Altea Departure Control-Customer, is an unprecedented milestone in the industry and makes Qantas the first to become fully operational on the entire Altea platform. For the first time, the passenger processing system of a major carrier is now hosted on new generation technology, allowing Qantas, its passengers and check-in agents to benefit from a single view of all passenger details at every touch point. Qantas representatives are now positioned to provide an intelligent and intuitive customer experience to passengers including consistently personalized service and speedier check-in. Using a new user interface, which replaces the cryptic screen, check-in staff are now prompted with the latest intelligence to decide whether to offer passengers priority boarding, flow-forward to earlier flights, chosen seat preferences, upgrades or re-accommodate passengers in real-time when necessary. According to David Jones, executive vice president-commercial for Amadeus, [sup.3]This is a significant milestone not only for Amadeus and Qantas but for the industry as a whole. The Altea solution is the industry[sup.1]s leading customer management system transforming how airlines manage passengers. It is proving instrumental in helping carriers build real competitive advantage in today[sup.1]s market. By adopting Altea CMS, Qantas has a platform that is robust and agile enough to underpin the dynamic commercial strategies needed to survive and thrive in today[sup.1]s fiercely competitive market." Qantas[sup.1] recent migration to the new departure control system is expected to create significant cost and time savings for the airline in three ways: lower maintenance costs from the replacement of expensive and difficult to maintain legacy systems; quicker staff adoption thanks to an intuitive check-in agent interface, and the automation of many functions, including seat planning and boarding gate configuration, which were previously done manually. For the traveler, this translates into a greatly improved check-in experience and positive impact on their satisfaction and loyalty. For more information, visit www.qantas.com or www.amadeus.com. Oct 10, 2008

China Eastern Airlines

China Eastern Airlines, one of the country's three biggest carriers, said on Saturday that it expected to post a "relatively large" net loss for the first nine months of this year. Oct 11, 2008

Galaxy Airlines

Galaxy Airlines has halted all operations, two months after announcing plans to shut down as a result of growing losses. The carrier says on its website that it officially notified the Japanese Ministry of Land, Infrastructure, Transport and Tourism yesterday that it had suspended all its operations. Oct 7, 2008

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