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Industry Addendum: Briefly...

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October 1st 2017

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Hong Kong Airport Authority (HKAA) is planning to offer retail bonds of up to US$648 million as part of the airport operator’s plans to raise $18.33 billion to fund the building of its third runway. No taxpayer money is involved in the project, which commenced last month. Read More » Additional funds for the new runway would be drawn from the HKAA’s operating surplus, a passenger levy, bank loans and bonds purchased by institutional investors.

The Zhenjiang Science and Technology investment company (ZTC) has invested US$73.5 million to take control of the UK aircraft economy seat manufacturer, Acro Aircraft Seating. The parent company of ZTC is Shanghai listed Zhejiang Tiancheng Controls Co., which produces seats for construction vehicles, trucks and passenger cars.

SITAONAIR has equipped Singapore Airlines (SIA) with its full suite of high speed connectivity-enabled services for the cabin including the availability of GX Aviation’s high speed broadband connectivity that is on one of SIA’s B777-300ERs.

Last month SITAONAIR also agreed with Philippine Airlines (PAL) to upgrade the carrier’s onboard WiFi and crew communications on its B777s and on its ordered A350s and new A32111s.

Sabre Corporation has unveiled plans to launch its Sabre Content Services for Lodging in 2018, a platform that will integrate content including Sabre global distribution system and non-GDS sources such as aggregators, re-distributors and agency sourced content.

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