. Space Industry and Business News .

AirAsia boss bullish on growth, eyes China, India
by Staff Writers
Kuala Lumpur (AFP) Dec 9, 2011

Asia's biggest budget carrier AirAsia said Friday it remained bullish on growth for next year despite fears of a global slowdown and was considering setting up future units in China and India.

"Of course we want to be in India and China but all in good time," Chief Executive Tony Fernandes told reporters, a day after the airline celebrated its 10th year under its flambouyant boss.

He said the profit-making, fast-expanding airline was now mapping out a plan for the next 10 years.

"We are 10 years old now. I want to take one step at a time," he said.

AirAsia has become one of the industry's biggest success stories since Fernandes, a former music industry executive, acquired the then-failing company a decade ago.

Fernandes said 2012 would be an "exciting year" for AirAsia with its units Indonesia AirAsia and Thai AirAsia expecting to post profits amid higher growth.

He also expressed confidence with a Philippine unit launched this year and with AirAsia Japan, which is expected to start flying in 2012.

"It (2012) is an exciting year. I am not worried about the economic situation. We have been through many slowdowns. Flying is a necessity. I am bullish about next year," he said.

Fernandes said the airline, which currently flies 89 Airbus A320 aircraft, will expand to 300 planes over the next 10 years.

The airline's 2010 full-year net profit reached 1.07 billion ringgit ($340 million), nearly doubling compared with 2009.

Nine hurt as Cathay evacuates plane in Shanghai
Shanghai (AFP) Dec 9, 2011 - A Cathay Pacific plane aborted its take-off from a Shanghai airport Friday after smoke was detected in the cabin, forcing an evacuation of the aircraft and injuring nine, the airline said.

Cathay said 351 passengers and 19 crew were evacuated from the Boeing 747 aircraft, which was taxiing at the Chinese city's Pudong International Airport for a flight to Hong Kong when the incident occurred.

Seven passengers and two crew members received "minor" injuries in the accident and were being treated in hospital, Hong Kong-based Cathay said in a statement, but didn't specify how they were injured.

"Our preliminary information indicates that the captain ordered the aircraft evacuated because smoke was detected in the cabin prior to departure," the airline said.

China's official Xinhua news agency said the smoke was caused by "equipment failure" but gave no details.

Photographs taken by passengers showed people jumping down emergency slides and flight attendants surrounding an elderly person lying on the ground.

Operations at the city's main international airport had returned to normal and the incident was under investigation, the Shanghai government said in a statement.

Cathay added that it had launched its own investigation and was co-operating with authorities.

Related Links
Aerospace News at SpaceMart.com

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Airbus eyes Japan's budget carriers
Tokyo (AFP) Dec 8, 2011
European aircraft giant Airbus said Thursday it was targeting Japan's fledgling low-cost airlines to boost its business in the country, ratcheting up a battle for market share with rival Boeing. "In the short term, this (strategy) could let us significantly increase our market share," Stephane Ginoux, chief executive of Airbus' Japanese unit, told AFP after a news briefing in Tokyo. "Wit ... read more

Researchers find best routes to self-assembling 3D shapes

Avatars develop real world skills

Tablets, e=readers closing book on ink-and-paper era

Australia lifts Samsung ban in defeat for Apple

Astrium achieves Initial System Acceptance on Yahsat programme

Northrop Grumman Awarded Microscale Power Conversion Contract

Raytheon First to Successfully Test With On-Orbit AEHF Satellite

Lockheed Martin AMF JTRS Team Demonstrates Communications and Tactical Data Sharing At Army Exercise

Fregat upper stage and Pleiades 1 ready for next Soyuz Kourou launch

Europe's third ATV is loaded with cargo for its 2012 launch by Arianespace

Assembly milestone reached with Ariane 5 to launch next ATV

Russia launches Chinese satellite

China launches 10th satellite for independent navigation system

Authorities Gauge Impact of Europe's Galileo Navigation Satellite System

Russia's Glonass-M satellite put into orbit

ITT Exelis and Chronos develop offerings for the Interference, Detection and Mitigation market

AirAsia boss bullish on growth, eyes China, India

Airbus eyes Japan's budget carriers

American Airlines slams 'rude' actor in plane row

Fitch downgrades Italian defence giant Finmeccanica

Researchers develop one of the smallest electronic circuits ever built

Swiss scientists prove durability of quantum network

New '3-D' transistors promising future chips, lighter laptops

Samsung to build flash memory chip line in China

NASA Satellite Confirms Sharp Decline in Pollution from US Coal Power Plants

China launches remote-sensing satellite Yaogan XIII

Texas Drought Visible in New National Groundwater Maps

APL Proposes First Global Orbital Observation Program

Many chemicals unproven to raise breast cancer risk

Chinese go online to vent anger over pollution

Smog sparks debate over Beijing air standards

No breath of relief for kids in dirty Czech steel hub


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement