By Dominic Lalk
The financial woes at Garuda Indonesia intensified this week after the carrier posted a US$282 million first-half loss and said it had approached aircraft manufacturers to discuss order cancellations and deferrals.
In Greater China, China Eastern Airlines will acquire 10% of Air France-KLM, while American Airlines’ US$200 million investment in China Southern Airlines still hinges on a “slot exchange”. As the week drew to a close, Qatar Airways announced it had abandoned its plan to buy into the Dallas headquartered carrier. In Hong Kong, Hong Kong Airlines will receive its first A350 later this month as the HNA Group carrier readies to do battle with Cathay Pacific Airways on trunk routes to North America and Europe.
China Eastern to acquire 10% of Air France-KLM; China Southern-American Airlines deal in limbo Read More »