UAE's Economy Minister Sultan bin Saeed al-Mansouri stated the UAE would invest USD136 billion in its aviation industry over the next 10 years in an ongoing bid to diversify its economy (WAM/The National, 23-Dec-2010). He added that the UAE is seeking to capitalise on its transport and communications infrastructure.
UAE plans USD136bn investments in aviation over next 10 years
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Philippine Airlines may cut Middle East capacity and network, and end Etihad partnership
Philippine Airlines (PAL) is considering reducing capacity to the Middle East in 2017 while expanding in several other international markets, including Australia, China and the US. Yields in all seven of the group’s Middle East markets – all of which have been launched over the last three years – have been impacted by intensifying competition and weaker outbound demand.
PAL could suspend services to Abu Dhabi and terminate its partnership with Etihad. The airline group has not benefitted significantly from its Etihad codeshare, and may be better off partnering with another airline.
However, PAL is keen to continue growing its international operation. PAL is about to add capacity to the US using two additional 777-300ERs, and plans to add capacity to Australia in late 2017 following delivery of its first batch of A321neoLRs. New destinations in Europe and the US are under consideration for 2018, using its new A350-900 fleet.
CAPA Asia Aviation Summit and Corporate Travel Summit, 15-16 November at Singapore's Capella
CAPA's annual Asian aviation two day event, covering all of the region's big issues as well as a full day of corporate travel content, running in parallel with the first day.
The event will be attended by over 100+ airline delegates, including a dozen CEOs; 90+ corporate travel executives. CEOs and high level speakers will discuss matters like The future of the full service model in Asia; Powering Business Advantage for Airlines: Is big data a panacea?; The China Opportunity, Transforming aviation & tourism; Inside Airline JVs - How do they work and how to extract most value from them?; What do the emerging LCC alliances mean for Asia?; The next big leaps in airline and travel distribution;Understanding the payments landscape in Asia - the perceived challenges and the current reality of what’s possible today in payments; Can LCCs and Premium Economy really drive air spend savings?; and many more.
Don't miss Singapore's high level aviation event of the year!