Cathay Pacific suffers setback in China as deal to manage airport is canceled

Article Abstract:

Hong Kong-based Cathay Pacific Airways' plan of running an airport in the Chinese city of Xiamen has been cancelled following disagreements with China's Civil Aviation Authority on investment duration and airport security issues. The Chinese authorities regarded Cathay Pacific's proposed duration of 30 years as too long and disapproved the airlines' plan of installing its own security in the facility.

Airports, flying fields, & services, Airports, Airport Operations, Cathay Pacific Airways Ltd.

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Virgin Group will pursue stake in Air India

Article Abstract:

Virgin Group Ltd.'s chairman, Richard Branson, said that his company will attempt to acquire a share in Air India. The government of India will sell off 60% of state-owned Air India.

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Virgin to pursue Air India

Article Abstract:

Virgin Group Ltd.'s chairman, Richard Branson, has stated his willingness to make an offer for a share in Air India. The government of India is selling 60% of Air India.

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