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Air NZ to up capacity

Air New Zealand is poised to increase its capacity on long haul and short haul markets for the northern winter scheduling season in response to increasing demand. Most of the additional capacity, which will be achieved through adding frequencies, will be on North American routes, with San Francisco up 17.9 per cent, Vancouver up 7.9

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Rex posts lower profit

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Regional Express Holdings has announced its third quarter profit, which came in 41 per cent lower than the equivalent period last year. The aviation group, which includes the Rex airline, Air-Link, Pel-Air and the Australian Airline Pilot Academy, recorded an unaudited profit before tax of $4.4 million, down significantly from the $7.5 million it recorded

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Cathay sells stake in cargo terminal

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Cathay Pacific and its major shareholder Swire Pacific have sold their shares in Hong Kong Air Cargo Terminals Limited, which is building a new HK$5.5bn (A$865m) state of the art cargo terminal at Hong Kong International Airport. Cathay owned a 10 per cent stake in the company, which came after the airline’s services division was

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BA posts record loss

British Airways has recorded its largest full year loss since its privatisation in 1987, but says that it aims to break even next year as the market for long haul premium travel recovers from the global financial crisis. The airline’s net loss came in at £531m (A$923m) for the financial year ending March 31, much

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BA strike halts some Heathrow flights

British Airways cabin crew have started a series of strikes after the Unite union had an injunction against it overturned on appeal. The cabin crew commenced a five day strike on May 24, with the airline saying that it plans to operate 60 per cent of its long haul flights and more than 50 per

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Scone airport to be upgraded

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The New South Wales government is helping to fund a $2 million upgrade to Scone Airport which is expected to boost local businesses in the Upper Hunter region. The upgrades will include an extension of the runway, construction of an additional taxiway and improved drainage around the airfield. The upgrades will support 54 direct jobs

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