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- Edition: 1365
Headlines
Contents Air Lease second quarter profit up fourfold
Air Lease Corp second-quarter profit soared fourfold as the company reported stable demand for leased aircraft despite economic uncertainty in Europe and a potential slowdown in China. Net income was US$28.
Call to privatise Chennai, Kolkata airports
Public-private partnership to help reduce user charges, raise non-aeronautical revenue A Planning Commission task force has urged complete privatisation of the operations and maintenance of the Chennai and Kolkata airports, both air and city-side
Airlines to unite against hike in Delhi airport charges
The Board of Airlines (BOA) representatives, having a membership of around 40 airlines, will soon hold a crucial meeting to chalk out a common strategy to deal with the hefty hike of 344 per cent in Delhi airport charges, which has already made major
Finnair posts steep loss as restructuring weighs
Finland's national carrier Finnair reported another steep loss for the second quarter as restructuring costs weighed on the results, reported Reuters. The troubled national carrier said its operating loss in April-June was US$22.
AA pilot union chief resigns
After the pilots of American Airlines overwhelmingly rejected a concessionary contract offered by AMR Corp, the union president, Dave Bates, tendered his resignation at the request of the union's board, the Allied Pilots Association said, reported The
Prince Rupert throughput sets record in July
Container traffic at the Port of Prince Rupert hit a monthly high in July, as volumes rose rose 5.5 percent year-on-year to 48,977 TEUs, reported The Journal of Commerce.
Port of Salalah achieves record volumes in H1
The Port of Salalah handled its highest quarterly container volume in the port's 14-year history during the second quarter of 2012, recording a throughput of 920,000 TEUs, reported News Bites.
Prime Port axes 50 jobs after losing container services
Prime Port Timaru, the most centrally located South Island port, will axe more than 50 jobs by the end of September after losing container shipping services in July, says the union whose members are affected, reported BusinessDesk.
Mainfreight first quarter profit down
Mainfreight, the biggest road transport company listed on the New Zealand exchange, posted a 15 per cent decline in first-quarter profit as ailing European economies offset strong growth in sales in the rest of the world, reported the New Zealand Herald.
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