Category: Asia News (Page 6 of 30)

Saudia Airlines ranks first in most trusted organizations in ipsos 2023 survey

December 28, 2023 / WIL BALDWIN

Jeddah, Saudi Arabia, December 28, 2023 – Saudia, the national flag carrier of Saudi Arabia, has achieved first place in the Ipsos Saudi Arabia Reputation Monitor 2023 Survey, ranking Most Trusted Organization among 80 brands in the Kingdom.

The index employed for this survey calculates the degree of trust among organizations in Saudi Arabia. An index of 100 represents an average organization’s trust level, with the highest-scoring organization reaching a score of 177 and the lowest at 64.

Ipsos, a global leader in market research, published its 2023 survey results after analyzing key factors that contribute to a stronger corporate reputation. The assessment was based on key pillars of advocacy, trust, favourability, familiarity and awareness.

Maersk signs MoU with City of Yokohama and Mitsubishi Gas Chemical

December 28, 2023 / WIL BALDWIN

Yokohama, Japan, December 27 – AP Moeller – Maersk A/S B (London: 0O77) announced today that the company has signed a Memorandum of Understanding (MoU) with the City of Yokohama and Mitsubishi Gas Chemical (MGC). This collaborative agreement will focus on the development of green methanol bunkering infrastructure in Yokohama as Maersk’s 16,000 TEU green methanol-powered container vessels will be delivered since 2024. It also highlights the parties’ shared commitment to sustainable initiatives and the transition towards a greener future.

Maersk has an ambitious target of achieving net-zero emissions by 2040 throughout its entire business. For shipping, it will equip its 25 container vessels with dual-fuel engines capable of sailing on green methanol. The successful implementation of this initiative heavily relies on the establishment of port bunkering infrastructure for methanol worldwide.

The City of Yokohama oversees the Port of Yokohama, which includes the Minami-Honmoku container terminal operated by APM Terminals Japan. The port stands as Japan’s deepest water berth, boasting a total length of 1,600 meters and a draft of 18 meters. It features advanced STS cranes, capable of reaching out up to 24 rows. Since the opening of Yokohama Port in 1859, it has served as a pivotal gateway to Japan and Asia. As part of its commitment to achieving carbon neutrality by 2050, Yokohama is at the forefront of developing Japan’s green shipping corridors.

The collaboration will focus on examining operational feasibility and developing port facilities required for green methanol bunkering at the Port of Yokohama. Through joint efforts, the partners seek to drive innovation, foster safety, and accelerate the adoption of sustainable methanol solutions in the maritime industry in Japan.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Hahn Air partners with Air Moana

December 25, 2023 / WIL BALDWIN

Hahn Air welcomes Air Moana in its leading partner portfolio. Its flights are available in major GDSs under the Hahn Air Technologies X1 code. Travel agents in 190 markets worldwide can book the domestic airline from French Polynesia via the standard reservation process and issue tickets on the insolvency-safe HR-169 document.

Air Moana is a domestic carrier based at Papeete Faa’a Airport (PPT) in French Polynesia. It was founded in 2021 and it currently serves seven destinations with a fleet of two ATR72-600 aircraft.

More information about Air Moana and other Hahn Air partners is available under Partner Carriers.

Norse Atlantic Airways extending flights from Oslo to Bangkok

December 23, 2023 / WIL BALDWIN

Norse Atlantic Airways ASA (Oslo: NORSE) is pleased to announce the continuation of its highly successful direct flights from Oslo to Bangkok in the upcoming summer 2024 season. Following a highly anticipated launch in the winter of 2023, this route has quickly become a traveller favourite, connecting two vibrant cities and catering to the increasing demand for affordable direct flights to Thailand.

Fares start from NOK 3869 one way including all fees and taxes and are available to book now on www.flynorse.com

Norse Atlantic exclusively operates modern Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal, state-of-the-art entertainment experience. Our Norse Premium cabin offers an industry leading 43” seat pitch and 12” recline, allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.

Norse Atlantic offers two cabin choices: Economy and Norse Premium. Passengers can choose from a simple range of fares, Light, Classic and Flextra, that reflect the way that they want to travel, and which options are important to them. Light fares represent Norse’s value option, while Flextra fares include the maximum baggage allowance, two meal services and increased ticket flexibility.

Forward-Looking Statements

Maersk launches new weekly service to the Port of Rades, Tunisia

December 20, 2023 / WIL BALDWIN

Port of Rades, Tunis, 20 December 2023 – AP Moeller – Maersk A/S (Copenhagen: MAERSKb) is proud to announce a new transport solution connecting the growing Tunisian market to its mainliner services to and from Europe, Middle East and Asia. The new weekly service started recently and is operated with a dedicated ro-ro vessel between the Port of Rades and the connecting hub port of Cagliari in Italy. Furthermore, the weekly service offers the best connection between Morocco and Tunisia.

The ro-ro vessel is leaving the port of Tunis Rade, Tunisia every Friday evening, calling the Cagliari, Italy on Saturday and connecting with our hub port in Tangier, Morocco on Thursday.

To ensure seamless and reliable logistics in Tunisia, Maersk has established a wide range of value adding services for customers including the availability of a bounded warehouse, airfreight, less than container load cargo (LCL) as well as supply chain and 4PL solutions. Other integrated logistics services enhancing customer satisfaction include customs service, inland transportation, insurance, depot services and cold chain logistics.

Forward-Looking Statements

Japan Air Lines launches web page to celebrate 70 years

December 17, 2023 / WIL BALDWIN

Tokyo, Japan – Japan Airlines Co Ltd (Tokyo: 9201) will commemorate the 70th anniversary of its first international flight on February 2, 2024. As the first Japanese airline to operate scheduled international flights, JAL has contributed to the exchange and trade of people and cultures between Japan and the world. And with its current extensive international network connecting 376 airports in 64 countries/regions, JAL is proud to serve a truly diverse mix of international customers.

To honor the memorable connections and stories created over the past 70 years, JAL is launching a special web page. Additionally, as a token of appreciation to its valued customers around the world, JAL is pleased to announce the launch of a special one month free in-flight Wi-Fi campaign on all international flights to celebrate the historic milestone.

【Specific Initiatives】
1. Launch of a Special Web page to Celebrate JAL’s 70th Anniversary of International Flights
A special web page will be launched on the JAL corporate website to celebrate the airline’s history and provide a digital destination for history enthusiasts to enjoy highlights, memories and stories covering the past 70 years of JAL’s international flight service. This page will include memorable stories from the past 70 years and the history of 70 years of international flight service.

2. Free Wi-Fi Campaign on International Flights
Introducing a special campaign for the first time, JAL will be offering complimentary Wi-Fi service on all international routes.
(1) Eligible travel period: Thursday, February 1 to Thursday, February 29, 2024
(2) Eligible routes/flights: All JAL-operated international flights (excluding code-share flights operated by other carriers).
*Details regarding the campaign, such as application procedures and instructions for connecting onboard, will be announced on the dedicated website at a later date.

Special Web page to Celebrate JAL’s 70th Anniversary of International Flights:
https://www.jal.com/en/jal-int-70th

Forward-Looking Statements

Virgin Australia is pleased to have reached in-principle cabin crew agreement

December 17, 2023 / WIL BALDWIN

Virgin Australia is pleased to have reached an in-principle agreement with the FAAA and TWU on the Cabin Crew Enterprise Agreement. This is great news for our teams and our customers.

Under the new Enterprise Agreement, cost of living pressures will be easier for crew to manage, and lifestyle challenges will be easier to navigate. The agreement will deliver 15%+ salary increases over three years, depending on the skill and tenure of the crew member.

And the overall cost of this agreement is in line with the agreements we have reached with other work groups. Today’s outcome is the result of constructive negotiations with both unions, and facilitated by the Fair Work Commission. It will ensure our people are appropriately rewarded for their work and that Virgin Australia is set up for long-term success.

Lufthansa Group completes sale and leaseback of twelve aircraft

December 15, 2023 / WIL BALDWIN

Deutsche Lufthansa AG (Xetra: LHAG) has entered into an agreement for a sale and lease back of twelve short-haul aircraft. The transaction reflects the Group’s strategy to finance investments in new aircraft through a mix of cash, Japanese Operating Leases (JOLCO’s) and operating leases. The sale and lease back supports the modernization of the fleet of the Lufthansa Group Airlines. New and modern aircraft lower fuel consumption, reduce emissions, and improve ex fuel unit costs.

The transactions were executed with two counterparties, Clover Aviation Capital and long-term business partner BBAM (Babcock & Brown Aircraft Management), for the sale and lease back of twelve Airbus A320 family aircraft at favorable commercial terms. The aircraft are up to two years old and are currently operated by Lufthansa Airlines, Lufthansa CityLine and Eurowings. The sale generates proceeds of 600 million EUR in the fourth quarter of 2023, with the aircraft leased back for a term of 72 months. The resulting lease obligation is recognized as debt under IFRS 16 and amounts to 200 million EUR.

A book gain of 100 million EUR resulting from the sale will be recognized in EBIT. The book gain will not be included in Adjusted EBIT, with the transaction already included in Lufthansa Group’s financial outlook. This assumes net capex to amount between 2.5 and 3 billion EUR in 2023.

Forward-Looking Statements

Philippine Airlines and American Airlines launch new codeshare partnership

December 13, 2023 / WIL BALDWIN

Travelers gain seamless connections between the Philippines and the United States

Manila, Philippines & Fort Worth, Texas — Philippine Airlines parent PAL Holdings, Inc (Philippines: PAL) and American Airlines Group (Nasdaq: AAL) have launched a codeshare partnership that introduces the first marketed flights by a Philippine carrier to several U.S. destinations and allows American’s customers to travel to the Pearl of the Orient, Manila, and the beautiful beaches of Cebu.

American’s customers are now able to book tickets on aa.com for codeshare flights operated by Philippine Airlines to Manila and Cebu via Tokyo. Additionally, customers will be able to fly to Manila from Honolulu and Guam.

Philippine Airlines has placed its “PR” code on American’s flights between Los Angeles and seven U.S. cities: Atlanta, Denver, Houston, Las Vegas, Miami, Orlando and Washington, D.C., enabling excellent connectivity with PAL’s trans-Pacific service.

Philippine Airlines operates twice-daily nonstop flights to Los Angeles, daily flights to San Francisco and multiple weekly flights to New York, Honolulu and Guam.

Forward-Looking Statements

Boeing and Avolon sign new order for 40 737 MAX aircraft

December 12, 2023 / WIL BALDWIN

Seattle, Washington, December 12, 2023, PRNewswire – Boeing (NYSE: BA) and Avolon announced the Ireland-based lessor intends to purchase 40 more 737-8 airplanes to expand the lessor’s 737 MAX portfolio – consisting of 737-8 and 737-10 variants – to more than 110 jets. Avolon also ordered 40 737-8’s in June.

The new order is subject to shareholder approval by Bohai Leasing Co, Ltd (Shenzhen: 000415), Avolon’s main shareholder, and will be posted to Boeing’s Orders and Deliveries website when finalized.

The 737 MAX provides Avolon’s customers with greater flexibility across their network, while reducing fuel use and emissions by up to 20%. On average each airplane will save up to 8 million pounds of CO₂ annually compared to airplanes it replaces.

The 737-8, with seating for 162 to 210 passengers depending on configuration anda range of up to 3,500 nautical miles, is the market’s most versatile single-aisle airplane, capable of operating profitably on both short and medium haul routes.

Forward-Looking Statements

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