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Author: paul

CX A350-1000 to debut sooner

CATHAY Pacific will commence commercial flights using its new Airbus A350-1000XWB aircraft a month earlier than previously scheduled, with GDS displays indicating the inaugural flight will take place on 01 Jul this year, rather than 01 Aug. The first flight will operate from Hong Kong to Taipei, followed the next day by Hong Kong to Bankgok and a week later to Manila and Singapore. Long-haul flights using the A350-1000XWBs are scheduled to commence from 15 Sep 2018 between Hong Kong and Washington Dulles, followed by Tel Aviv on 03 Oct, Madrid from 28 Oct and Manchester effective from 01 Dec. Cathay’s A350-1000s will carry 334 passengers – 46 in business class, 32 in premium economy and 256 in economy – about 50 more than CX’s A350-900s. Source: Travel...

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Holiday arrivals slowing

A detailed analysis of “Holiday”-specific inbound travel data for Australia during Mar has confirmed an ongoing slowdown, according to John O’Shea, senior research analyst from Ord Minnett. He said the annual holiday growth rate now sat at 1.7%, and “is consistent with a material slowing over recent times”. Chinese arrivals were relatively weak in Mar but that followed a bumper Feb due to the timing of Chinese New Year, and were tracking up 11.9% year on year. There’s also been strong growth in holiday arrivals from Hong Kong, up 30.7% along with increases for Taiwan (+6.6%), South Korea (+5.7%) and India, which increased by 2.3% compared to Mar 2017. In non-Asian markets, Inbound Holiday visitation from the US was up 4.3%, but holidaymakers from the UK declined 10% year-on-year. There were also decreases from France and Germany, while holiday arrivals from New Zealand continue to languish, with a year-on-year drop of 7.7%. Source: Travel...

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ETG primed for growth

EXPRESS Travel Group (ETG) has surpassed a major milestone, having lifted its total transaction value (TTV) by almost a third over the past four years to break the $1 billion barrier. Speaking with Travel Daily at the Select Travel Group (STG) conference in Macao last week, ETG ceo Tom Manwaring said TTV had increased by 30% in four years, thanks to steady growth and an ability to shift to meet changing market conditions. Collapses in yields on airfares to Asia highlighted the need for members of STG to diversify with Manwaring saying that “Select has gone from being 90%...

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VA raises $150m

VIRGIN Australia has issued $150 million in “senior unsecured fixed rate notes,” which will be taken up by debt markets, with a maturation date in 2023. Settlement and completion of the proposed Notes is expected to take place on 30 May 2018, with the net proceeds to be used by the company to refinance part of a bond which matures in Nov 2019, as well as for “general corporate purposes”. Source: Travel...

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Cover-More offer

COVER-MORE is offering agents the chance to take part in a luxury safari in South Africa, to mark the launch of two new agent-exclusive products featuring cancel-for-any-reason cover – the Comprehensive Care policy and the Essentials Care policy. Eight successful travel agents from Helloworld Travel, MTA, Magellan, Travellers Choice and independent partners who are the most improved or show the highest number of new policy sales from now to 06 Jun will go on safari in Sep. Source: Travel...

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