The state-run Indian oil marketing companies (OMCs) have extended Air India’s credit limit by two to three months. The government has guaranteed the limit. Previous Air India was on a cash and carry b...
IATA Premium Traffic Monitor reports June premium traffic up 6.4% with economy traffic up 4.8% year-over-year. However, the aviation body warned that the level and growth rates have fallen back from l...
Airline stocks rose for a second day yesterday, as oil prices fell back below $87 a barrel on concerns about the German economy. This was after oil leapt on Monday following better than expected US fa...
Eastern Express, the first domestic passenger airline in the UAE, will begin operations during the first quarter of 2012 out of Fujairah International Airport. The airline will fly twice daily from Fu...
“What has sovereign debt got to do with Airbus?” – That is what a source at Airbus told us in reply to a question on the future problems of currency fluctuation and funding back in April 2011. Of cour...
The Civil Aviation Safety Authority (CASA) lifted a six-week flying ban on Tiger Airways on Wednesday. The airline’s Australian operations are able to resume at any time after it had demonstrated it c...
The turmoil in the world’s markets has also impacted airline shares, with most falling to lows not seen since 2008. In the US, the NYSE Arca Airline Index fell to its lowest level since December 2009 ...
AirAsia is reported to be taking 20% of the equity in Malaysia Airlines in a new agreement to help the cash-strapped flag carrier. The Malaysian stock market confirmed the suspension in trading of the...
As the global stock markets begin to move downward to finally reflect economic reality, we have to note the pounding that US airlines have taken over the past 24 hours (US finance below). This is all ...
International Air Transport Association said yesterday that industry earnings suffered the first year-on-year decline for two years in the three months to June as fuel costs rose and capacity increase...
After several extensions of its flying ban by the Australian Civil Aviation Safety Authority (CASA), Tiger Airways Australia is now expected to resume operations next week after a court hearing into a...
US Transportation Secretary Ray LaHood is debating whether they can recover the tax revenue from airlines lost after the Federal Aviation Administration closed down on July 23. The 7.5% airline tax is...
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