NST Online Business Times : latest
NST Online Business Times : latest |
| Malaysia included in Qantas' Asian strategy Posted: 03 Feb 2013 06:08 PM PST MELBOURNE: Qantas, which recently sealed an alliance with Emirates, plans to expand its network within Asia, working with Malaysia Airlines and other partners. Qantas on Monday outlined its new four-phase strategy for the Asian market with new destinations being considered including Beijing, Seoul, Mumbai, Delhi and Tokyo-Haneda. Qantas also plans to provide more frequent flights to Singapore and Hong Kong, as well as, reschedule the departure time of those flights and increase capacity on those routes. The airline said it hoped to expand its network within Asia by working with local partners such as Malaysia Airlines, Japan Airlines, China Eastern, Jet Airways and Cathay Pacific. Qantas International Chief Executive Simon Hickey said the changes meant Qantas' services to Asia were no longer tied to onward links to Europe. "The number of dedicated seats on Qantas services to Hong Kong and Singapore is increasing significantly because capacity previously set aside for customers going to Europe via these hubs can be freed up. "The joint Qantas-Emirates network into Asia gives our customers a fresh set of options, including double daily services to Singapore from Melbourne, Sydney and Brisbane," Hickey said in a statement. From March 31, Qantas will increase capacity on flights to Hong Kong and Singapore by between 10 per cent and 40 per cent, respectively. More flights would also be available on the Qantas-Emirates network. Qantas will also schedule earlier arrival times into Hong Kong, Bangkok and Singapore, with flights brought forward by up to three hours to increase the number of onward connections. Customers will also be able to fly to Kuala Lumpur on the combined Qantas-Emirates network. However, Qantas will reduce services between Perth and Singapore to one a day. It will also cancel its Adelaide-Singapore and Perth-Hong Kong services. However, flights between Brisbane and Hong Kong will rise to seven a week from four, and daily services between Sydney and Singapore will start in June. Qantas has also brought forward the end date for its loss-making Frankfurt services by six months to April 15.-- Bernama |
| MISC rises on Petronas buyout offer Posted: 03 Feb 2013 06:30 PM PST Shares of Malaysia's MISC Bhd rose as much as 17 per cent after the shipping firm's major shareholder Petroliam Nasional Bhd made an RM8.8 billion (US$2.8 billion) buyout offer, equal to RM5.30 per share. As of 0102 GMT, MISC was 17.3 per cent higher at RM5.22 per share, outperforming the country's benchmark stock index's 0.54 per cent rise. Trading in MISC has been suspended since the offer was made last Thursday. Petronas, Malaysia's state oil company, owns 62.7 per cent of the shipping firm. The deal is the latest in a slew of privatisation offers in Malaysia. Tycoon tycoon Syed Mokhtar Al Bukhary in December offered to buy out commodities firm Tradewinds Bhd in a deal worth RM1.5 billion or RM9.30 per share.
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