China Southern Warns Of Q1 Losses On Weaker Yuan
April 15, 2014
China Southern Airlines has warned it will incur a net loss of between CNY300 million - CNY350 million yuan (USD$46 million - USD$56 million) in the first quarter due to foreign exchange losses.read more
MH370 Search Heads Deep Underwater
April 14, 2014
The hunt for Malaysia Airlines flight MH370 will head deep underwater as the batteries in the flight's black box recorders have probably died and there is little chance of finding floating debris, according to Australian search chief Angus Houston.read more
Searchers Consider Undersea Robot In MH370 Search
April 14, 2014
Australian officials leading the search for Malaysia Airlines flight MH370 in the southern Indian Ocean are weighing when to deploy an underwater robot to aid in the hunt, now in its sixth week.read more
Cebu Pacific Signs A330 Lease Deal
February 22, 2012
The Philippines' largest budget carrier, Cebu Pacific, said on Wednesday it had signed operating lease deals for four new Airbus A330-300s with CIT Aerospace, as it seeks to serve new markets outside Asia.
The four Airbus jets will be delivered between 2013 and 2014, and will be powered by Rolls-Royce Trent 772B engines, the airline said in a statement.
Cebu Pacific did not disclose financial details of the deals with CIT Aerospace.
Cebu Pacific, which has a fleet of Airbus A320s serving Asian destinations, will launch long-haul flights in the third quarter this year using wide-body aircraft. It plans to offer non-stop services to Australia, India, the Middle East and parts of Europe and the United States.
"The Airbus A330-300 aircraft will allow us to offer our trademark low fares to an even wider market," said Alex Reyes, Cebu Pacific general manager for the long-haul division, in a statement.
The airline said last month it would lease up to eight Airbus A330-300s.
It announced last June its orders for 30 new A321neos and seven A320s from Airbus, with delivery between 2015 and 2021 as it sought to double its fleet and expand routes.