Business Oct 23, 2020

Why building an electric car is so expensive, for now

Carmakers are aiming to find new savings on technology, most critically the batteries that can make up a third of a vehicle’s cost.

Business Oct 15, 2020

Mass air travel two years away, says Singapore transport minister

The global aviation industry will take at least two years to recover from the coronavirus pandemic and for mass travel to return, Singapore’s Transport Minister Ong Ye Kung has said, stressing the importance of developing a widely available and effective vaccine to help countries ...

Business | FOCUS Aug 19, 2019

Cathay Pacific remains under scrutiny as CEO takes fall for Hong Kong protests

Cathay Pacific Airways Ltd. is counting on the resignation of its British chief executive officer, Rupert Hogg, to move beyond the tumult that saw its employees' participation in the Hong Kong protests draw the ire of Beijing. But will it be enough? Incoming CEO Augustus ...

Business / Corporate Aug 16, 2019

China's crackdown on Cathay Pacific bodes ill for other companies in Hong Kong

For more than half a century, Cathay Pacific Airways Ltd. has been Hong Kong's gateway to the world, its mix of British heritage and Asian high-altitude luxury bridging the city's colonial past with its Chinese location. But it's that unique cultural blend that has ...

Business Jun 3, 2019

Air cargo carriers caught in crossfire of Trump-China trade dispute

U.S. President Donald Trump's intensifying trade war with China dented air cargo traffic even before FedEx Corp. got dragged into the brawl, as companies worldwide reconfigure their supply chains in the face of increasing tariffs. Global cargo demand fell 4.7 percent in April from a ...

Business Sep 21, 2018

At sea and in the air, China races to get products to U.S. before tariffs hit

The race is on to get Chinese goods into the U.S. before President Donald Trump's tariffs bite. At sea and in the sky, the U.S. president's trade war with China has ignited a freight frenzy. Hyundai Merchant Marine Co.'s vessels leaving China for the U.S. ...

Business / Corporate May 8, 2018

Japan Airlines may set up budget carrier, vice chairwoman says

Japan Airlines Co. is examining setting up a new low cost carrier to increase capacity and take on rising competition from budget operators. Starting a discount airline is part of the carrier's need to widen its product lineup, Vice Chairwoman Junko Okawa, 63, said in ...

Business / Tech Dec 6, 2017

Tokyo to San Francisco in under six hours? Japan Airlines invests in supersonic jet startup Boom Technology

Supersonic jetliner travel, which ended more than a decade ago with the Concorde, is set for a boost after Japan Airlines Co. agreed to invest $10 million (about ¥1.1 billion) in Colorado startup Boom Technology Inc. The deal will give JAL a 1 percent ...

Business / Corporate | ANALYSIS Feb 12, 2015

Skymark's $612 million airport slots represents a lifeline from bankruptcy

Skymark Airlines Inc. may have filed for bankruptcy and seen its passenger numbers dwindle. It still holds an asset worth about $612 million in annual revenue that offers a path out of bankruptcy. The budget airline has 36 takeoff and landing slots for local service ...