AIR CHINA PROFIT UP 150%
Air China confirmed yesterday that its 2010 net profit rose 150% to 12 billion yuan ($1.8 billion) from 4.9 billion yuan in 2009 on the back of a 63% rise in ticket revenues. Operating revenue was up ...
Air China confirmed yesterday that its 2010 net profit rose 150% to 12 billion yuan ($1.8 billion) from 4.9 billion yuan in 2009 on the back of a 63% rise in ticket revenues. Operating revenue was up ...
Low-cost carrier IndiGo Airlines has stated it will add 14 more aircraft to its fleet and recruit 1,500 people under its expansion plan for the next financial year. "In the next financial year, we are...
Qantas Airways has announced it is cutting key routes to Japan and New Zealand, retiring aircraft and cutting a number of management positions. A severe drop off in demand is blamed for the cut in rou...
US President Barack Obama speaking at Georgetown University in Washington, said yesterday that he has directed the Departments of Energy and Agriculture and the Navy to work with the private sector to...
Sterling Global Holdings has offered more than $3 billion to buy out the parent company of American Airlines, AMR. The firm is said to be investigating the offer to see if it is legitimate. Dallas Mor...
A United Airlines flight bound for Portland from Washington DC, was diverted to Chicago O’Hare International Airport Tuesday night in order to offload three disruptive passengers. Although law enforce...
GE Capital Aviation Services (GECAS) has finalized an order for 10 777-300ER (extended range) aircraft. The order is worth approximately $2.8 billion at list prices. The new 777-300ERs will help GECAS...
Speaking at a major EU summit in Madrid, Airbus President and CEO, Tom Enders, has urged Europe “to invest in improving an infrastructure that so much of the world’s economic and social development re...
The Spanish government, Iberia Airlines and Airbus have signed an agreement to develop a complete Spanish ‘value chain’ for sustainable and renewable aviation bio-fuel for commercial use. Other key me...
Philip Hammond, UK Transport Secretary, has urged airlines to become "greener", on both emissions and noise pollution. Hammond has launched a "scoping document" that will collect views on a new aviati...
The UK Competition Commission has upheld its 2009 decision to force airport operator BAA, owned by Spanish company Ferrovial, to be broken up. BAA must sell Gatwick and Stansted and either Glasgow or ...
Finnair has bought a minority shareholder in Helsinki-based cargo airline Nordic Global Airlines (NGA). Finnair is hoping the deal will give it additional, cost-efficient cargo capacity for use especi...
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