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Oct 29, 2014

Cardiff reign my PhD, says committed Tan

SINGAPORE (Reuters) – An educational four-year reign as owner of English second-tier club Cardiff City has been akin to graduating with a PhD in soccer management, Malaysian Vincent Tan told Reuters on Wednesday.

But the chastening experiences of relegation, the hiring and firing of managers, fan objections to kit colour changes and upcoming court cases have only strengthened Tan’s commitment to Cardiff and he plans more soccer investment in Europe and MLS.

Oct 29, 2014

Soccer-Cardiff reign my PhD, says committed Tan

SINGAPORE, Oct 29 (Reuters) – An educational four-year reign as owner of English second-tier club Cardiff City has been akin to graduating with a PhD in soccer management, Malaysian Vincent Tan told Reuters on Wednesday.

But the chastening experiences of relegation, the hiring and firing of managers, fan objections to kit colour changes and upcoming court cases have only strengthened Tan’s commitment to Cardiff and he plans more soccer investment in Europe and MLS.

Oct 23, 2014

Singapore Airlines signals budget determination with Tiger takeover

SINGAPORE, Oct 24 (Reuters) – Singapore Airlines Ltd (SIA)
is injecting cash into money-losing Tiger Airways Ltd
, signalling its resolve to persevere in the low-cost
segment even after the budget affiliate bowed out of three
regional markets.

The flag carrier plans to have Tiger cooperate more closely
with its similarly loss-making medium- and long-haul budget
airline Scoot, people familiar with the company’s strategy said.
The aim is for a resource-sharing relationship akin to that SIA
has with premium regional subsidiary SilkAir, they said.

Oct 21, 2014

After huge jet orders, budget airlines eye rich seam of aircraft leasing

SINGAPORE/PARIS, Oct 22 (Reuters) – From Scandinavia to
Southeast Asia, low-cost airlines have ordered record numbers of
planes in recent years, redefining the jet industry. Now they
plan to lease out scores of their new planes, re-ordering the
aviation business all over again.

Between them, Indonesia’s Lion Air, Malaysia’s AirAsia
and Norwegian Air Shuttle have ordered more
than 1,400 Airbus and Boeing jets, worth about
$140 billion at current list prices. They’re about to test the
growing market for rented planes, competing with established
finance firms that lease out aircraft to cash-strapped carriers
from China to the United States.

Oct 17, 2014

Singapore Airlines rides to Tiger’s rescue, could raise stake to 71 pct

SINGAPORE/SYDNEY, Oct 17 (Reuters) – Cash-rich Singapore
Airlines Ltd (SIA) is injecting up to $110 million to
take control of loss-making affiliate Tiger Airways Ltd
, shoring up the budget carrier while scrapping its
regional ambitions as competition rages.

Announcing a record quarterly loss that sent its shares
tumbling as much as 10 percent, Tiger said on Friday that SIA
will raise its stake to about 55 percent from 40 percent by
converting existing securities into shares.

Oct 14, 2014

AirAsia X could defer delivery of A350 planes – CEO

SINGAPORE, Oct 14 (Reuters) – Malaysian long haul budget
carrier AirAsia X Bhd could defer the delivery of its
Airbus A350s if European economies fail to recover by the time
it receives the first aircraft in 2018 or 2019, its chief
executive said.

“You can’t really pinpoint it until the first one enters
into service and the production schedule gets firmed up by
Airbus,” Azran Osman Rani told Reuters in an interview on
Tuesday.

Oct 14, 2014

India’s IndiGo seen placing big aircraft order by early 2015

SINGAPORE, Oct 14 (Reuters) – Indian low-cost carrier IndiGo
is close to placing a large order worth billions of dollars for
a variety of aircraft and could reach a decision as early as
2015, a senior aviation analyst and several industry sources
said.

IndiGo, India’s largest airline by market share, could pick
up a combination of regional planes that can seat up to 100
passengers, narrowbody aircraft such as the Airbus
A320s that it already operates, and widebody jets for launching
medium- to long-haul services, said Binit Somia, the director of
South Asia at industry consultancy CAPA.

Oct 14, 2014

IndiGo could place big aircraft order by early 2015 – sources

SINGAPORE (Reuters) – Low-cost carrier IndiGo is close to placing a large order worth billions of dollars for a variety of aircraft and could reach a decision as early as 2015, according to several industry sources.

IndiGo, India’s largest airline by market share, could pick up a combination of regional planes that can seat up to 100 passengers, narrowbody aircraft such as the Airbus Group NV (AIR.PA: Quote, Profile, Research) A320s that it already operates, and widebody jets for launching medium- to long-haul services, said Binit Somia, the director of South Asia at industry consultancy CAPA, at a conference on Tuesday. He added that an order was imminent.

Oct 14, 2014

India’s IndiGo could place big aircraft order by early 2015 -sources

SINGAPORE, Oct 14 (Reuters) – Indian low-cost carrier IndiGo
is close to placing a large order worth billions of dollars for
a variety of aircraft and could reach a decision as early as
2015, according to several industry sources.

IndiGo, India’s largest airline by market share, could pick
up a combination of regional planes that can seat up to 100
passengers, narrowbody aircraft such as the Airbus Group NV
A320s that it already operates, and widebody jets for
launching medium- to long-haul services, said Binit Somia, the
director of South Asia at industry consultancy CAPA, at a
conference on Tuesday. He added that an order was imminent.

Oct 14, 2014

SpiceJet still needs funds as turnaround takes hold – exec

SINGAPORE (Reuters) – Budget carrier SpiceJet Ltd’s (SPJT.BO: Quote, Profile, Research) top official warned the loss-making airline still needs new funding to anchor its turnaround efforts, even as its operating performance improves with higher revenue per seat amid reduced capacity.

“Our challenge is our legacy losses and this cannot be solved by operational cash flows alone, but by funding or recapitalisation,” Sanjiv Kapoor, chief operating officer at India’s No. 3 airline by market share as of August, told Reuters in an interview. SpiceJet previously said it was in “advanced” talks with an external entity to get funding.

    • About Anshuman

      "Anshuman Daga has been with Reuters since 13 years, most of that tracking companies and equity markets. After joining in Mumbai, Anshuman did a stint in India's technology hub of Bangalore and then spent a few years covering European stock markets in London. He moved to Singapore in 2008, with a focus on news coverage of Southeast Asia and technology stories from Asia."
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