Refishowcase Business & Finance

Asia-Pacific Region of North America shifts as the largest air transport market in the world with 647 million passengers during 2009.

This further reinforces that Asia as an engine of global economic growth in the future. International Air Transport Association (International Air Transport Association / IATA) said passenger numbers on flights in the Asia Pacific region continued to grow during this krisis.Hal contrast with the North American region experienced a record number of passengers only for 638 million people.

China became the country with the fastest growth in air passengers in Asia, since Japan’s defeat last decade the aviation industry leading end of 2009 China regional.Pada grow in the domestic market with a total fleet of aircraft reaching 1400 units and the number of passengers 5.7 million people per week . Meanwhile, Japan only has a fleet of 540 units and transporting 2.6 million passengers per week.

IATA Director General Giovanni Bisignani in a press conference in Singapore yesterday said, in the Asia Pacific market will continue its rapid growth. He estimates, in 2013 the number of passengers in the Yellow Continent region reached 217 million people. “While we see anything different in the dynamic and the Pacific region ini.Asia so exciting for us and more potential,” he said.

He added that there is more than a quarter of the total 2.2 billion people flew last year, or 647 million to fly to meet the Asia Pacific market. “It’s clear that defeating North America have traditionally been the market leader,” said Bisignani. Besides China, the passenger growth also occurred in the Middle East region with a 11.2 percent increase over 2009.

IATA represents 230 airlines in the world that 90 percent of its flights have berjadwal.Namun, that number does not include low-cost airline that later grew mushroomed. IATA stated previously throughout the global aviation industry in 2009 was still affected by the economic crisis so that the annual demand decreased approximately 3.5 percent to 75.6 percent load factor compared to the previous year.

Meanwhile, the European aircraft manufacturer Airbus last week announced it has raised prices for the aircraft made for the anticipated 5.8 percent increase in material prices and the weakening U.S. dollar exchange rate. This increase in price the first time since two years ago. “We’ve tried to keep prices remain under mungkin.Kenaikan best the first time since 2008 and applies to all types of aircraft began in January this year,” said Director of Operations Airbus John Leahy.

Meanwhile, the impact of financial crisis pushed the Australian airline Qantas to change the business strategy by eliminating two-thirds of the seating capacity of the other classes. This was done to boost capacity addition of 20 percent of seats in economy class, especially for long haul flights.

Australian Financial Review said, the policy change was a business strategy aimed at increasing domestic revenue after the flight post-crisis decline. The class capacity is maintained only for the route London and Los Angeles.

Wells Fargo & Co. agreed to provide end bonus in the form of bonus shares in 2009 to his bosses executive class. The total bonus is reached $ 25 million.

But it stressed that the bosses would not receive cash bonuses. This appeal followed President Barack Obama, where many companies go bankrupt, but it gives a big bonus for the boss.

Wells Fargo & Co. decided to provide bonuses for Chief Executive John Stumpf and three other executive officers.

Stumpf received 379.6 thousand shares of stock worth $ 10 million. Chief Financial Officer Howard Atkins, Head of Wholesale Banking Dave Hoyt and Head Home and Consumer Finance Mark Oman each got 189,800 shares of stock bonus worth $ 5 million. Read the rest of this entry »

A leading global port operator DP World, part of the conglomerate Dubai World said Wednesday financial difficulties, will seek listing of shares on the London Stock Exchange. In March 2009 the board of directors said “will evaluate all options available to overcome the disappointment continued with the company’s market valuation.”

After discussions with advisers and shareholders, a statement said the board “decided to seek a premium listing on the London Stock Exchange, while maintaining the existing primary listing on the Nasdaq Dubai. We consider that we will try to go to keep records in the second quarter of 2010.

“Council remains committed to its shareholders in the region and believe that they will also benefit from this step,” the statement concluded. DP World recorded a net profit increase 48 percent in 2008 to 621 million dollars (431 million euros), on revenues jumped 20 percent to 3.283 billion dollars.

Suspected cases of software piracy Cybersitter owned by the Chinese Government and a number of local companies involved big names computer manufacturer. Cybersitter’m sued Sony, Lenovo, Toshiba, Acer, ASUSTeK, BenQ, and the Haier because they assume a role in disseminating the software without consent.

Total claims Cybersitter reached 2.2 billion U.S. dollars. Not only sued the computer company, they also sued the Chinese government and software development companies, Jinhui Computer System Engineering Inc.. ”The hijackers Cybersitter download the program from the server. They trace three thousand and the program code named Green Dam Youth Escort,’’said Greg Cybersitter’s attorney Fayer, Wednesday (6 / 1). Read the rest of this entry »