FINWIRES · TerminalLIVE
FINWIRES

Singapore Airlines, Air New Zealand to Expand Joint Network

By

Singapore Airlines (SGX:C6L) and New Zealand (NZE:AIR, ASX:AIZ) agreed to expand their joint network by introducing new non-stop flights into Christchurch and increasing capacity into Auckland, according to a company release on Thursday.

Under the new arrangement, Air New Zealand will launch three weekly flights between Singapore and Christchurch during the Northern Winter season, taking the Christchurch operations to 12 weekly services.

The New Zealand flight operator will also add four weekly Auckland services during the period.

Air New Zealand is expecting a 17% increase in its overall seat capacity between Singapore and New Zealand from late October.

Related Articles

Asia

Air China Raises 20 Billion Yuan via Private Placement to Parent; Hong Kong Shares Slide 3%

Air China (HKG:0753, SHA:601111) completed a mainland-listed share issuance that raised net proceeds of about 20 billion yuan, according to a Wednesday Hong Kong bourse filing.Hong Kong-listed shares of the firm were down nearly 3% in Thursday afternoon trade.The airline issued 3.04 billion shares at 6.57 yuan apiece to its controlling shareholder, China National Aviation, and its unit, China National Aviation Capital.The proceeds will be used for debt repayment and replenishing working capital, the company said.

$HKG:0753$SHA:601111
Asia

Market Chatter: JPMorgan Says More International Investors Want to Invest in Chinese Stocks

Chinese equities continue to attract more foreign investors due to rising technological advancements and the stocks' low valuations, the South China Morning Post reported Thursday, citing JPMorgan Chase.A survey from the U.S.-based bank showed that the number of investors considering investing in China rose to 57% from 51% in the same period a year earlier, according to the media outlet.Global investors are looking into stocks in the technology space, including artificial intelligence, electric vehicles, renewable energy, robotics and biotechnology, due to their robust research and development capabilities, as well as their production costs, the report said.Kwang Kam Shing, JPMorgan's chairwoman for North Asia, said foreign investment in China and Hong Kong stayed at a historical low, but international investors are considering their valuation more attractive than their counterparts, according to the SCMP.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^HSI$^SSEC$^SZSE
Asia

Keppel On Track to Achieve Key Carbon Emissions Milestone

Keppel (SGX:BN4) says it is well ahead of its 2050 target to achieve a key carbon emissions milestone, according to a company filing on the Singapore bourse on Thursday.The company reported an 87.6% reduction in its Scope 1 and 2 emissions in 2025, with 2050 set as the target to hit net-zero emissions.The global asset manager and operator's Scope 1 emissions fell by 97% from 2020 to 2025.

$SGX:BN4