UPS says the new HKG facility will have the capacity to handle around 1 million tons of cargo annually, although the expected build cost has not been revealed.
Industry is hoping November 2023 will go down in history as a turning point for sustainable aviation fuel after a historic framework put forth by the ICAO.
VIETJET and NOVUS AVIATION CAPITAL signed MOUs to explore establishment of an aircraft financing and leasing vehicle as well as collaborating on the supply of Sustainable Aviation Fuel (SAF) in Vietnam alongside SAF ONE.
CATHAY GROUP bought back 50% (HK$9.75b) of the HK$19.5b in preference shares issued to the Hong Kong SAR Government as part of its recapitalization financing in 2020; it plans to buy back the remainder by end of July 2024.
ALASKA AIRLINES agreed to acquire HAWAIIAN AIRLINES for $18 per share in cash in $1.9b deal expected to close in 12-18 months; combined airline will be based in Seattle and operate 365 narrow/widebody aircraft to 138 destinations.