Air Macau faces financial crisis - USD26 million loss in first five months
Air Macau has reportedly generated USD26 million in losses in the first five months of 2008. Macau law requires the carrier to seek fresh funding or declare bankruptcy if losses exceed 50% of registered capital, which currently is the case. [428 words]
Unlock the following content in this report:
- Passenger traffic down 17.3% in May
- Air China preparing to inject fresh capital
- Challenged by introduction of direct cross-Strait services
Graphs and data:
- Air Macau passenger numbers vs cargo volume growth:
% change year-on-year Jan-07 to May-08
Please login to continue reading or find out more about CAPA Membership below.
This content is exclusively for CAPA Membership Subscribers
CAPA Membership gives you the latest aviation news and alerts, access to CAPA articles, reports, and our leading aviation data with optional premium add-ons.