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Syndicated lending in Asia Pacific plunged to the slowest quarter in eight years as the coronavirus pandemic took its toll with several countries imposing lockdowns and grinding a range of business activities to a halt. Loan volumes in Asia Pacific (ex-Japan)…
Budget carrier Vietjet Air plans to expand its investment in new aircraft and technical facilities this year after reporting a small profit in 2020 despite the Covid-19 pandemic. “In 2021, we expect to continue to receive new modern planes and will invest in…
AirAsia Philippines said ticket sales were increasing as it gradually ramped up operations and offered flexible rebooking options amid the new coronavirus pandemic. The budget carrier, part of Malaysia’s AirAsia Group, said June ticket sales rose by 30…
Low-cost air travel will remain largely unaffected if AirAsia were to cease operations because of lost revenue caused by the Covid-19 pandemic, says an aviation expert. Malaysia’s former head of civil aviation, Azharuddin Abdul Rahman, said the impact on air…
Two local airlines will again mount flights to and from Taiwan after the government lifted the travel ban on the territory. Cebu Pacific flights will resume February 17. In an advisory, the airline will have one flight from Manila on Monday and only arrival…
WiFi on planes is the next-gen convenience, or potential annoyance, depending on your attitude to people being ‘connected’ all around you. But for business people, parents with families or bored flyers, it will be a welcome addition to the low-cost flying…
Luggage and handbag retailer Strandbags launched a new concept flagship store in Chadstone Shopping Centre over the weekend – the first step in a new bricks-and-mortar strategy which will see some stores triple in size over the next three to five years. With…
Premium luggage label Rimowa has relocated and reopened its Hong Kong Rimowa Elements store. The new 1510sqft Rimowa Elements store features the brand’s latest store design concept and incorporates site-specific details, such as the wood and recycled rubber…
Swedish heritage outdoor brand Fjallraven has opened a flagship store in Sydney nearly one year after making its brick-and-mortar debut in Australia. The store, located on York Street in Sydney’s CBD, stocks the brand’s popular Kanken rucksack, as well as a…
The AirAsia Group is shelling out $350 million to acquire seven more planes for its Philippine unit, according to its chief. Talking to reporters in Bangkok late last week, AirAsia Group Chief Executive Officer Tony Fernandes said the move was the…
Budget carrier Cebu Pacific on Monday announced a P99 seat sale for domestic flights one-way from Clark International Airport. In an advisory, the airline said the sale started Monday, August 19, and will end on Wednesday, August 21. The travel period is from…
Cebu Pacific early Thursday announced a seat sale promo for all domestic and international flights. Passengers can avail of the P88 one-way base fare for local flights while one-way base fare for international flights starts at P888. Booking period is only…
Ingenico Group, the global leader in seamless payment has launched TravelHub, a solution built to connect travel companies with Ingenico’s global end-to-end payment processing capabilities and regional gateways across Asia, Latin America and Europe. TravelHub…
Cebu Pacific, the Philippines’ largest airline, said Monday its goal was to fly a total of 300 million passengers by 2022, as it increases capacity and invests in digital tools to drive demand. The 300 million milestone can be reached 4 times faster than the…
AirAsia won for the 11th time at the prestigious Skytrax World Airline Awards as the world’s best low-cost airline during the Paris Air Show in Le Bourget, Paris, France, in the middle of June 2019. But despite the awards, it has never let itself get…
French-headquartered Lagardere says its travel retail business achieved a 15.8-per-cent increase in consolidated sales in the first half-year. Like-for-like sales were up 6.5 percent, the difference attributable to a €134 million positive impact resulting…
