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Old April 1st, 2008, 03:12 PM   #2441
dicksonlai
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Press Release

Cebu Pacific adds fourth daily service to Hong Kong
More Flights to HK than any other Filipino airline


Cebu Pacific (CEB) will mount a fourth daily service on Manila-Hong Kong starting June 30, 2008 in response to the growing demand for flights to serve this route.

With this additional frequency, CEB will offer the earliest departure from Manila to Hong Kong; as well as the first departure from Hong Kong to Manila than any Filipino airline.

The flight departs at 5:15 am and arrives in Hong Kong at 7:15am every Monday, Tuesday, and Friday. Consequently, the return flight leaves Hong Kong at 7:55am and arrives in Manila at 9:55am.

Meanwhile flights on Wednesday, Thursday, Saturday, and Sunday depart for Hong Kong at 5:40am and lands at 7:40am. The return flight to Manila takes off at 8:25am and arrives at 10:25am.

Candice Iyog, CEB VP for marketing and product, said, “With our very encouraging passenger loads, we are very happy to provide our guests with this additional service that will make travel to Hong Kong even more convenient. The additional frequency will also allow travelers to visit Hong Kong early in the morning and return to Manila on the same day.”

One-way fare to Hong Kong starts from P1,499 one way, exclusive of taxes and surcharges.

With the additional flights, CEB will offer the most direct flights to Hong Kong than any other Filipino airline, operating 76 direct flights weekly from Manila, Cebu, and Davao.

The airline will operate 56 flights weekly to Hong Kong from Manila and twelve flights weekly from Cebu. It also announced that it will fly direct to Hong Kong from Davao eight-times weekly beginning May 8, 2008.

The additional frequency will translate to a 30% increase in capacity for CEB’s Manila- Hong Kong service.

Iyog said the best way to get CEB’s lowest ‘Go’ fares to any destination is through its website, cebupacificair.com.

Now in its 13th year, CEB continues to have the youngest fleet in the Philippines. CEB flies to 12, soon to be 15 international destinations, with the addition of Ho Chi Minh, Hanoi, and Kaohsiung. CEB also operates flights to 21 domestic destinations.
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Old April 1st, 2008, 03:23 PM   #2442
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Press Release

RAGONAIR TO ADD FREQUENCY TO DHAKA FROM JULY
1 April 2008


Dragonair will increase the number of flights to Dhaka, Bangladesh, from four times a week to five from July 7, to cope with the increasing market demand.

“Dhaka has always been an important market for both passenger and cargo services, and we are seeing month-by-month growth in the market. By adding one more flight every week, both business and leisure travellers will benefit from the increased frequency,” said CEO Kenny Tang.

“The demand from business travellers in Dhaka for services to Hong Kong and beyond has always been high. We have also seen an increasing demand from the growing population of expatriates from Asia and the Mainland in Dhaka,” said Mr Tang. “The extra frequency will also help meet the huge demand for cargo services in the Dhaka market, which has been increasing, and we anticipate the strong growth to continue.”

Dragonair’s new schedule to Dhaka, which is subject to government approval, will be as follows:

Route Flight Departs Arrives Days
Hong Kong/Dhaka KA110 22:30 00:25+1 Mon/Wed/Thu/Sat/Sun
Dhaka/Hong Kong KA111 01:25 07:25 Tue/Thu/Fri/Sun/Mon
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Old April 3rd, 2008, 01:31 PM   #2443
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Gov't Press Release:
License Granted for Air Hong Kong about to and from Hong Kong to Southeast and South Asian Cities
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Old April 7th, 2008, 04:36 AM   #2444
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Dragonair on FIRE

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Old April 7th, 2008, 02:19 PM   #2445
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Press Release

HONG KONG EXPRESS AIRWAYS LAUNCHES OKINAWA ROUTE

Twice Weekly Direct Scheduled Services ‧ First Step into the Japanese Market

Hong Kong , 3rd April 2007… Hong Kong Express Airways has today launched its newest scheduled service to Okinawa, Japan. The first of five routes that the Airline will launch between Hong Kong and Japan in April and May, flights to Okinawa will initially operate twice weekly increasing to four flights per week from April 28th.



Following January’s lifting of capacity restrictions on flights to Japan, Hong Kong Express Airways is the first Hong Kong based airline to launch more direct flights to a number of cities in Japan. “We have been operating chartered flights between Hong Kong and Japan for a long time. We are very pleased that we are now able to operate on a scheduled basis. The launch of the Okinawa scheduled flight is only the first step in penetrating the Japanese market. We are committed to developing this market in the long run, bringing even more direct services and convenience to passengers travelling between Hong Kong and Japan. ” said Mr. Ronnie Choi, President of Hong Kong Express Airways.



Further planned route launches set to take place over the coming weeks will see Hong Kong Express Airways ultimately offer direct flights between Hong Kong and Hiroshima, Kagoshima, Nagoya and Okayama. The airline has also already established its first office in the country in Okinawa.



Located in the Ryukyu Islands, Okinawa – also referred to as the ‘ Hawaii of the East’ - is a popular holiday and leisure destination renowned for its tropical beaches, crystal blue seas and coral reef, and rich cultural heritage.

Hong Kong to Okinawa: Thursday and Sunday

Day of Service Flight Number Depart Hong Kong Arrive Okinawa

Thursday and Sunday UO602 12:25 16:00

Okinawa to Hong Kong: Thursday and Sunday

Day of Service Flight Number Depart Okinawa Arrive Hong Kong

Thursday and Sunday UO603 17:00 18:25

From April 28th, two more flights will be included in the schedule:

Hong Kong to Okinawa: Monday and Friday

Day of Service Flight Number Depart Hong Kong Arrive Okinawa

Monday UO602 16:45 20:10

Friday UO602 17:10 20:35

Okinawa to Hong Kong: Monday and Friday

Day of Service Flight Number Depart Okinawa Arrive Hong Kong

Monday and Friday UO603 21:35 23:00
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Old April 9th, 2008, 04:05 AM   #2446
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some bad rumours coming out of HKG today...apparently, Oasis Airlines is shutting down, effective today....
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Old April 9th, 2008, 05:11 AM   #2447
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Oasis shutting down? if it is true, it is sad for hk aviation.
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Old April 9th, 2008, 05:35 AM   #2448
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Re: The Shut-Down of Oasis Hong Kong's Operations

What?! Seriously?!

Why would they shut-down?! It seemed like they were doing great with their Hong Kong-London route.

Can someone confirm this. Thanks.
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Old April 9th, 2008, 08:28 AM   #2449
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http://www.bloomberg.com/apps/news?p...ogY&refer=asia

http://www.rthk.org.hk/rthk/news/eng...0409&56&481210

News conference in half-an-hour...we'll see soon...I guess.
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Old April 9th, 2008, 08:29 AM   #2450
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Quote:
Originally Posted by yyzer View Post
some bad rumours coming out of HKG today...apparently, Oasis Airlines is shutting down, effective today....
Rumour from a newspaper report.

Maybe I should book my ticket to London now before prices move.
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Old April 9th, 2008, 10:37 AM   #2451
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RTHK News:
Oasis Airlines goes into liquidation

-- No flights from Oasis in a period of time.
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Old April 9th, 2008, 10:44 AM   #2452
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Gov't Press Release:
LCQ3: Private aircraft movements at the Hong Kong International Airport
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Old April 9th, 2008, 11:23 AM   #2453
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甘泉航空宣布臨時清盤


(明報) 04月 09日 星期三 02:35PM

廉航甘泉航空 申請了臨時清盤,並委任畢馬威會計師行進行清盤,尋找新的投資者。甘泉所有航班停飛。



甘泉舉行記者會交代申請臨時清盤事宜。首席行政總裁苗禮士表示,甘泉已委任畢馬威會計師行進行臨時清盤,接管了該航空公司,正尋找到新的買家,他有信心可找到新買家。苗禮士感謝員工及顧客在過去16個月來的支持。

畢馬威會計師行代表杜艾迪表示,他尚未看到甘泉航空的收支情況,而據苗禮士稱,他們兩條往溫哥華及倫敦 的航線,有近99%的負載量,而甘泉約有近700名員工。

至於已購買機票的乘客,可否取回款項,杜艾迪稱,這很難說,因為如甘泉正式清盤,公司將要對所月債權人負責,包括僱員、銀行及乘客。他表示,在召開記者會前,已要求公司關閉所有訂票服務,以免乘客購買機票。

甘泉航空於2006年10月首航,當時因飛行路線問題,航程受到延誤,未能準時出發。有報道指出,甘泉由於低估經營開支,令公司已虧損逾10億。


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Old April 9th, 2008, 12:13 PM   #2454
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Yeah, it is true about Oasis airlines. My friends father is a pilot for them and he's stuck in Africa with his plane and crew as they were negotiating new routes there. Apparently they had an investor that was funding them and he's decided to pull out leaving them pretty much screwed financially!
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Old April 9th, 2008, 02:01 PM   #2455
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甘泉清盤政府啟動緊急機制


(16:26)
2008年4月9日







運輸及房屋局局長鄭汝樺表示,已啟動緊急應變機制,派人到倫敦及溫哥華,協助因甘泉航空清盤受影響港人。

鄭汝樺表示,對於甘泉航空清盤,感到非常遺憾,曾要求甘泉為旅客作出負責任的安排,但甘泉的清盤人表示,有實際困難,故政府決定介入,他們已聯絡航空公司,為受影響旅客提供機位及優惠的機票,而國泰航空的回應很正面,他們稍後會公布詳情。

鄭汝樺稱,現時本港至溫哥華應有足夠機位,但由本港往倫敦,因正處旺季,可能機位不足,希望可首先幫助返校學生。政府已啟動緊急應變機制,派人到倫敦及溫哥華,協助因甘泉航空清盤受影響港人。而受影響的乘客可向甘泉追討損失。

鄭汝樺表示,甘泉一直與策略投資者商討,直至昨日知會政府未能達協議,而甘泉亦停止出售機票,信用卡將不會過數。

她強調,如涉及有欺騙行為,他們一定會跟進。被問及事件會否影響本港的航空形象,鄭汝樺稱,本港一直開放航空市場,由於市場競爭劇烈,所以有航空公司經營困難。至於旅遊業議會的保障基金是否要包括機票,她表示,以往討論時沒有需要,因涉及成本問題,如經過今次事件後,市民認為有需要的話,大家可以討論。



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Old April 9th, 2008, 02:05 PM   #2456
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That's terrible news! I loved Oasis! I booked three sets of return flights from London to HK with them. I hope they find some rescuer. It will be a great loss if they stop flying altogether.
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Old April 9th, 2008, 03:21 PM   #2457
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Liquidation.

http://news.bbc.co.uk/2/hi/business/7338424.stm
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Old April 13th, 2008, 07:01 AM   #2458
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HK Airport Authority Considers Islamic Bond - Source
10 April 2008

HONG KONG (Dow Jones)--Airport Authority Hong Kong, the operator of the city's international airport, is considering issuing Islamic bonds, among other options, to raise funds, a person familiar with the situation said Thursday.

But talks with the authority's financial advisers are still at a preliminary stage and the company hasn't set a fundraising timetable or amount, the person said.

The wholly government-owned airport operator has long been considering ways of raising capital. Senior management said in 2004 that it was planing to list on the Hong Kong bourse in 2006, but the listing didn't materialize. At the time, bankers estimated it could raise at least US$1 billion from a listing.

In a report Thursday, Chinese-language newspaper Mingpao cited unnamed sources as saying the Airport Authority was one of three public-sector firms, along with rail operator MTR Corp. (0066.HK) and Hong Kong Mortgage Corp., with plans to issue Islamic bonds worth a total US$300 million-US$500 million as early as the third quarter.

MTR denied Thursday it is planning an Islamic bond issue.

The person familiar with the Airport Authority's fund-raising deliberations also said MTR and Hong Kong Mortgage Corp. haven't sought advice in the market on an Islamic bond issue.

Islamic bonds - structured in accordance with Shariah, or Islamic law - differ primarily from their conventional counterparts in that they don't pay interest, which Muslims consider to be usury. Instead, lenders receive a regular payment linked to the performance of underlying tangible assets.

Interest in exploring Islamic bond issues as way to raise capital has been rising among companies, given flush liquidity in the Middle East and volatile conditions in global equities markets.

Another person said an overseas-listed Hong Kong-based company is in the final stage of preparing for a commodity-based murabaha issue - the first by a Hong Kong firm. The person didn't provide further details.

A murabaha product is based on a sale of goods in which the price and profit margin are set in advance.

Some banks offer the products as short-term investments, or as vehicles for financial institutions and private clients with an excess or a shortage of liquidity.
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Old April 15th, 2008, 07:57 PM   #2459
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Source and more : http://s50.photobucket.com/albums/f3...0080407%20HKG/
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Old April 16th, 2008, 05:06 AM   #2460
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NIce pictures!!!!
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