Danny Lee Journalist Profile

Articles

Boeing Set to Restart Jet Handovers to China Amid Trade Spat (2)

1 day ago | news.bloombergtax.com | Julie Johnsson |Danny Lee

Boeing Co. has begun shipping commercial jets to China for the first time since early April, indicating a reopening of trade flows amid the long-simmering tariff war between the US and Asia’s biggest economy. A Boeing 737 Max registered N230BE took off for Hawaii on Friday morning, according to Flightradar24 flight data. It is the first stop in a journey across the Pacific to the US planemaker’s center in Zhoushan, China where it typically finalizes delivery of that model for domestic customers.
Malaysia Air Says Airbus A330neo Delivery Delayed Until November

Oct 15, 2024 | news.bloombergtax.com | Danny Lee

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Malaysia Air Says Airbus A330neo Delivery Delayed Until November

Oct 15, 2024 | news.bloomberglaw.com | Danny Lee

says the first delivery of its A330neo order will be delayed until late November after the European planemaker discovered issues that weren’t specified during the flight line stage, the Southeast Asian carrier said in a statement Tuesday. • Malaysia Airlines working with aircraft lessor Avolon on revised delivery timeline• Carrier expects five A330neos to be delivered by 1Q, 2025• Airline also in talks with and on remaining 737 Max deliveriesTo contact the reporter on this story:
Group of airlines to lure passengers by making travel more seamless

Jun 6, 2024 | crainscleveland.com | Danny Lee

Flying multiple airlines to get to your ultimate destination comes with a myriad of hassles. A global airline group led by American Airlines Inc. and British Airways is aiming to make airport transits more seamless for passengers. Oneworld plans to launch a technology platform later this year that will allow travelers to check-in, including their luggage, just once across different carriers, Chief Executive Officer Nat Pieper said in an interview with Bloomberg News on Monday.
Tourists Are Filling Singapore Airlines’ First and Business Class Cabins - BNN Bloomberg

Nov 9, 2023 | bnnbloomberg.ca | Danny Lee

(Bloomberg) -- Singapore Airlines Ltd. is flying nearly full first- and business-class cabins even without the return of corporate travel, as more leisure-driven tourists take up its most expensive seats. Chief Executive Officer Goh Choon Phong said the lag in corporate traffic — a key staple of earnings — was “not much of an immediate concern,” as planes are still packed and keeping post-Covid profitability near record levels.
Singapore Says Rising Car-Permit Costs Unlikely Foreigner-Driven

Nov 6, 2023 | bnnbloomberg.ca | Kevin Varley |Danny Lee

(Bloomberg) -- Wealthy foreigners and car-rental firms are unlikely to have caused the surge in the cost of permits giving people the right to buy a car in Singapore, acting transport minister Chee Hong Tat said. Data from the last three quarters shows the largest driver of demand for cars has been from Singapore residents, Chee told lawmakers on Monday.
Airlines forced to divert some African flights as Niger restricts its airspace

Aug 7, 2023 | businesslive.co.za | Danny Lee |Kate Duffy |Siddharth Philip

Airlines were forced to divert some flights after Niger restricted its airspace on Sunday night, making it more difficult for planes to fly across parts of Africa. British Airways was one of the carriers affected by Niger’s partial closure of airspace, with at least five flights to and from its London hubs diverting — including services from Nairobi, Cape Town and flights to and from Johannesburg. Air France, KLM and Lufthansa also saw services diverted or delayed.
Hong Kong Tycoons to Sell $8.4 Billion in Assets to Cut Debt

Jun 28, 2023 | msn.com | Danny Lee |Rebecca Choong Wilkins |Shirley Zhao

(Bloomberg) -- Swire Pacific Ltd. has become the second notable Hong Kong company to announce plans to offload assets in as many days as part of efforts to reduce debt in the face of rising borrowing costs. The conglomerate announced late Wednesday it will sell its US beverages business to its controlling shareholder run by the wealthy Swire family for $3.9 billion. The sale would lower one measure of the company’s indebtedness by more than one-third, it said in a statement.
Airlines bask in high fares while airports stay stuck

Jun 18, 2023 | irishexaminer.com | Danny Lee

Airports lack the flexibility to raise prices on fees and tariffs that are fixed, regulated or commercially negotiated      Soaring ticket prices are lining the pockets of the world’s biggest airlines, providing a balm to the economic wounds suffered during the travel lockdowns of covid-19. But as the industry takes off, airports say they have been forgotten at the gate.
Cathay’s fortunes begin to improve

Jun 6, 2023 | businesslive.co.za | Danny Lee

Hong Kong’s flagship airline says it will not need to use a government bridge loan 06 June 2023 - 15:37 Cathay Pacific Airways will pay an outstanding dividend of HK$1.52bn ($194m) to the Hong Kong government at the end of June, in another sign the carrier’s financial fortunes are turning the corner after Covid-19. Hong Kong’s flagship airline also said it will not need to use a government HK$7.8bn bridge loan that is due to expire later this week.