International Air Transport Association (IATA) has forecast that the global airline industry could suffer losses of more than $5bn if the oil price climbs to $150 a barrel. Tony Tyler, director genera...
China has denied Lufthansa from obtaining rights to operate an Airbus A380 to Shanghai due to its opposition to the European Union’s Emission Trading Scheme (EU ETS). Lufthansa chairman and CEO Christ...
The Hong Kong Airport Authority has stated that it will impose a construction levy on airlines if it cannot raise sufficient funds for a third runway. The Executive Council has given its approval in p...
Air New Zealand found several cracks in the cockpit windows of one ATR aircraft, operated by its subsidiary Mount Cook Airlines, which forced it to ground all 11 ATRs in the fleet. About 60 flights we...
Kingfisher Airlines will submit a recovery plan to the Indian Director General of Civil Aviation (DCCA) this week to enable it to continue flying. Reports stated that the plan will include further cu...
India will require 1,043 new passenger and cargo aircraft valued at US$145 billion between now and 2030, says Airbus Head Marketing (India) Joost Ven Der Heidjen. Of this number, 1,020 will be passeng...
Qantas has confirmed that it will not move existing heavy maintenance jobs offshore but it also refused to act on union demands to bring A380 maintenance back to Australia. Qantas is also pushing ahea...
Malaysia Airlines (MAS) has suffered extreme losses (for the year to December 2011, the national carrier made a loss of RM2.5 billion (S$1 billion), but as reported on this news service the share swap...
The administrators of failed Air Australia have recommended liquidation as "the only realistic option available" and warned that about 500 unsecured creditors will get no return. In the first detailed...
Asiana Airlines has raised $370 million from an asset backed securities (ABS) deal, the first Korean airline to issue US dollar-denominated ABS predominantly backed by yen-denominated air-ticket recei...
Cebu Pacific, the largest airline in the Philippines, is open to mergers with other airlines including flag-carrier Philippine Airlines (PAL), its president said yesterday. Cebu Pacific president Lanc...
In a bid to address concerns of the civil aviation sector, Indian finance minister Pranab Mukherjee today proposed to allow domestic airlines to borrow up to $1 billion in external loans for a period...
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