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Budget Airlines Take Off in Asia

Budget Airlines Take Off in Asia Since they entered the Asia-Pacific market a few years ago, budget airlines have quickly become a success, and have helped fuel growth in the region's tourism industry. Compared with Europe and North America, cut-price air travel is still a new business in the Asia-Pacific region. The first budget airline in the region, Australia's Virgin Blue, was established in 2000, followed two years later by Malaysia's Air Asia. In the past two years, the number of budget carriers has soared. Travelers in Asia can now chose from about 30 low-cost airlines from India's Spice Jet, or

Air Asia plans to introduce 2 daily flights to Krabi in April

Air Asia plans to introduce 2 daily flights to Krabi in April Krabi route from March the 1st which was welcomed by travelers, Thai Air Asia is planning to add one more return fight to the route from its present one flight daily. The low cost airline was welcomed by the local authority and tourism business there, while Krabi vice governor Chai Panitchpornpan said the airline service is an alternative for travelers, locals or tourists. Tassaporn Bijleveld, the Air Asia CEO, stressed that it will help promote the region’s tourism. He said the airline plan to add extra return flights from

Lufthansa December Traffic Gains 3.4%, Led by Growth to Asia

Lufthansa December Traffic Gains 3.4%, Led by Growth to Asia Deutsche Lufthansa AG, Europe's second-largest airline, said traffic rose 3.4 percent last month, led by growth in travel to Asia and within Europe. Lufthansa filled 71.2 percent of available seating, a 0.6 percentage-point gain from a year earlier, after adding 2.6 percent more capacity. The carrier flew 3.71 million passengers in December, up 3.6 percent from the same month in 2004, the Cologne, Germany-based airline said in a statement today. European airlines are handling rising demand for business travel and are focusing on long-haul flights to sustain traffic growth as

Indian Oil Corp., Johnson Electric: Asia Ex-Japan Stock Preview

Indian Oil Corp., Johnson Electric: Asia Ex-Japan Stock Preview The following stocks may rise or fall in Asian markets, excluding Japan. This preview includes news that broke after the close of markets. Prices are from the local markets last close. Stock symbols are in parentheses after company names. South Koreas market is closed today. Ayala Corp. (AC PM): The company said it may expand into the provision of business outsourced services, including call centers. Ayala, which owns the banking, property and other businesses of the third-richest Philippine family, rose 5 pesos, or 1.3 percent, to 402.50. Cathay Pacific Airways Ltd.

China opens Asia’s longest land tunnel railway

China opens Asia's longest land tunnel railway China has commissioned the Wushaoling tunnel railway, the longest of its kind in Asia and a key facility in the Asia-Europe Land Bridge project in Gansu Province in north-western China. The 21.05-kilometre-long tunnel railway, which is more than 2,400 meters above sea level, is a key project for the Asia-Europe Land Bridge's 3,651-km-long section from Lianyungang in East China to Urumqi in Northwest China. Designed to allow speeds of 160 km per hour, the tunnel railway has shortened the distance between Dacaigou and Longgou, part of the long section, by 30.4 km. The right tunnel railway