Archive for August, 2006

China’s train station advertising market opens to first foreign company

Germany’s Business Media China (BMC) has become the first foreign company to become involved in the outdoor advertising business in China’s railway stations.
Under an agreement signed between BMC and China Railway Century Media (CRCM), a subsidiary of the Beijing Railway Bureau, BMC will have exclusive operation rights for outdoor advertising at Beijing West Railway Station, […]

Tuesday, August 29th, 2006

Air China, Cathay blaze path for expansion

When Li Jiaxiang, chairman of Air China, agreed to sell the airline’s Hong Kong unit to Cathay Pacific Airways for US$1.58 billion, he held out for more than just money.
In exchange for access to the growing Chinese domestic market, Cathay agreed to a partnership with Air China that will help the […]

Tuesday, August 29th, 2006

Aer Lingus listing to raise €500m for aircraft

AER LINGUS is expected to raise up to €500 million to finance the purchase of new aircraft when it lists on the Dublin and London stock markets next month.
According to sources, the carrier will be valued at around €1 billion, though that depends on the demand for the shares and no further turbulence hitting the […]

Tuesday, August 29th, 2006

Boeing to sell 10 jets to Air Sahara

Boeing Co. has won a firm order for 10 jets from India’s Air Sahara, a company official said Monday, as the U.S. aircraft maker doubled its forecast for India’s airplane demand amid a boom in the country’s air travel.
The deal with Air Sahara for the 737-800 jets is valued at $700 million on list price, […]

Monday, August 28th, 2006

Thompson to steer Alaska Trucking Association

There’s a new face behind the wheel at the Alaska Trucking Association.
Aves Thompson was appointed Aug. 1 to head the industry advocacy group following a long career working with transportation issues for the state.
Thompson, a 24-year veteran of state government, spent the first 17 years of his career with the state Department of Commerce. Since […]

Monday, August 28th, 2006