Thousands of Australians stranded in Thailand as budget carrier Air Australia goes under

AIR Australia has been placed into voluntary administration, thousands of passengers stranded and its flights grounded after it was unable to pay its bills. Administrators KordaMentha posted the news about the troubled airline on its website early today, saying that flights would be grounded. It comes as the airline was denying it was broke as […]

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China to run low-cost maglev trains by next year

China has finished production of the first of its Chinese-built magnetically levitated (maglev) trains in Zhuzhou, Hunan. Described as low-cost and eco-friendly, the trains are to begin operating next year on the Daitai line between Haidian District and Beijing. The three-coached trains are able to carry up to 600 passengers and run at a top […]

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Japan Airlines to relist shares

Japan Airlines (JAL) is planning on relisting its shares in an IPO on the Tokyo Stock Exchange. By September, JAL shareholders intend to sell between ¥500 billion and ¥1 trillion (US$6.4b – US$12.8b, €5b – €10b). If the sale goes into high-end estimates, it will make JAL the largest airline in the world by market […]

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THAI Smile Air operational in July 2012

BANGKOK, Sept 20 – THAI Smile Air, Thai Airways International (THAI)’s new sub-brand carrier, will begin operations in July next year, according to THAI President Piyasvasti Amranand. Mr Piyasvasti said the business and investment plan of THAI Smile Air is concluded and that the airline will operate with domestic routes to provinces such as Chiang […]

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