Industry Update and Commentary 20Jan08
- China and Taiwan plan to change the current charter flights between the countries into scheduled ones.Despite the fact they had a large amount of tourists in China this year, due to the Olympics, Air China is declaring a loss for 2008.American International Group said on Friday it was the lead insurer on the US Airways passenger jet that went down in New York's Hudson River on Thursday.Ryanair is willing to raise its offer for rival Aer Lingus but will not wage a prolonged battle if shareholders in Ireland's former state airline continue to oppose the deal.Mexican low-cost carrier Viva Aerobus is expanding service in Austin. They have added AUS-Puerto Vallarta service. [Yes, these guys are indeed the REAL low-cost carrier. Viva sometimes will have $9.90 specials AUS-CUN, and expecting to do the same in the PVR market.]Continental Airlines today announced that it has contributed $50 million in cash to its defined benefit pension plans, exceeding its minimum funding requirement for the current period. [Hello, Glenn......]IranAir has launched a new website for UK customers. The site includes online booking services and shows live availability and prices for IranAir flights between London and principal cities in Iran.Turkish Airlines on Monday signed a deal to buy a 49 percent stake in Bosnia's Muslim-Croat federation flag carrier BH Airlines.