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Singapores Tiger Airways seeks to block Qantas/Jetstar Asia cooperation

Singapores Tiger Airways seeks to block Qantas/Jetstar Asia cooperation Budget carrier Tiger Airways said it has asked the Australian Competition and Consumer Commission (ACCC) to reject a proposed cooperation between Qantas Airways and newly-merged Singapore-based budget carriers Jetstar Asia and Valuair. While Tiger Airways in principle does not object to reasonable cooperation between airlines, it has expressed its concerns about a proposed cooperation agreement between Qantas and Jetstar Asia/Valuair, a spokeman for Tiger Airways said. The proposed agreement would give Qantas effective control of the network, pricing and products of Jetstar Asia/Valuair, he said. Tiger Airways is concerned that by

Asia Roundup: Markets ride on Wall Street gains

Asia Roundup: Markets ride on Wall Street gains HONG KONG: Asian stocks managed a solid rebound yesterday following Wall Streets lead as investors resigned themselves to a US rate hike later and hoped for some policy clarity from the US Federal Reserve (Fed), dealers said. They said the gains were encouraging as they suggested investors were calmer about the prospect of higher US interest rates but much would depend on what the Fed had to say on the outlook for monetary policy. TOKYO: Shares rallied 1.58 per cent as bargain hunters scooped up beaten down stocks, encouraged by overnight gains on Wall Street.

Asia’s second budget airline terminal opens with a whisper

Asia's second budget airline terminal opens with a whisper Asia's second budget airline terminal opened Sunday at Changi Airport with only one airline using it, but authorities expressed optimism that more would follow. Tiger Airways, backed by Singapore Airlines and the government's investment arm Temasek Holdings, is the only one to make the switch so far out of at least 18 regional no-frills airlines. It marked the opening with 16 flights, eight in-bound and eight out-bound. Besides Singapore, the destinations included Bangkok, Phuket, Hanoi, Hat Yai, Ho Chi Minh City, Krabi, Macau and Manila. 'We are well-placed to scale up our

India face tough tour opener

India face tough tour opener Fast bowler Umar Gul was named in a 12-member Pakistan 'A' team to face India in the three-day tour opener at the Bagh-e-Jinnah Stadium in Lahore from January 7 to 9. Gul, whose last international appearance was also against India, at Lahore last year when he took six wickets in the first Test to guide the hosts to a nine-wicket victory, has regained complete fitness from the back injury that sidelined him for more than 20 months. He took 20 wickets in the just concluded domestic Quaid-e-Azam Trophy and picked five wickets in two games so far in

Asia Roundup: Marts rebound on Wall St gains

Asia Roundup: Marts rebound on Wall St gains Asian stocks rebounded yesterday in a continued roller coaster ride, with investors taking courage from gains on Wall Street after US growth figures suggested the recent panic over interest rates might be overdone. Dealers said it was a relief to see solid gains after the battering the markets have taken over the past few weeks on fears the US Federal Reserve could hike rates further than expected to dampen growth and inflation. Dealers said investors need certainty above all on US interest rates - let them be up, unchanged or down, it does not matter