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- Edition: 1375
Headlines
Contents Etihad raises Virgin Australia stake
Abu Dhabi's flagship carrier Etihad Airways has raised its stake in Virgin Australia to 10 percent through open market purchases, reported Reuters.
Lufthansa strike to resume on Tuesday
Cabin crew of German airline Deutsche Lufthansa will strike again on Tuesday and extend work stoppages, after a labour action on Friday over pay and cost-cutting measures brought Frankfurt airport, Germany's busiest, to a standstill.
Turkish Airlines profit beats forecasts
Turkey's national carrier Turkish Airlines beat analysts' forecasts in the second quarter, posting a net profit of US$105 million up from a $93.35 million loss in the same period a year earlier. Sales rose to $2.11 billion from $1.
Aeromexico, Delta to build aircraft service centre in Mexico
Mexico's biggest airline company, Grupo Aeromexico, and Delta Air Lines plan to build and jointly operate an aircraft-maintenance, repair and overhaul centre in the central Mexican city of Queretero, reported Dow Jones Newswires.
Air France-KLM expands maintenance work into China
Air France-KLM plans to expand its growing maintenance business into China to tap the booming Asian aviation market, reported Reuters.
Too many surcharges upset Chennai port users
Till a few months ago, congestion surcharge was the only levy collected by shipping lines in Chennai.
Abu Dhabi launches new port
Abu Dhabi has launched operations at a multibillion dollar port facility, seeking to diversify its oil-based economy with a project that could intensify competition for the region's shipping traffic with neighbouring emirate Dubai, reported Mist News.
Shippers brace for further rate increases
Exporters and cargo owners will see a further round of freight rate increases in the next two months as container shipping lines continue efforts to boost profitability after one of the worst downturns in the shipping industry.
Port of Charleston fastest growing in US
The Port of Charleston was the fastest-growing top 10 US container port for the first six months of 2012. Charleston container volume grew 7.
| | China firm to build Saudi terminal
Saudi Global Ports has awarded Beijing-based China Harbour Engineering Co an estimated US$160 million contract to design and build the second container terminal at Dammam's King Abdul Aziz port, the Saudi Gazette reported.
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