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- Edition: 1399
Headlines
Contents Fraport to sell stake in Delhi airport
After a very public venting of ire against the regulatory environment and discontent with the way government in India handled the infrastructure sector, German airport company Fraport, the second largest airport operator in the world, said it would exit
Air China gets nod for $168.34m placement
Air China, Asia's second-largest airline by market value, said the China Securities Regulatory Commission, China's stock market regulator, has approved a US$168.34 million private share placement, reported Reuters.
Atlas Air Q3 profit up 20%
Atlas Air third-quarter earnings rose 20 percent as the cargo airline company reported higher revenue in its core aircraft, crew, maintenance and insurance-leasing business.
Approval for SIA, SAS joint venture
Singapore Airlines (SIA) has received regulatory approval for its joint venture with Scandinavian Airlines (SAS), enabling it to increase services between Singapore and Copenhagen, reported Business Times Singapore.
Port of Rotterdam holds on to growth
Cargo throughput in the Port of Rotterdam increased by 1.7 percent to 333 million tonnes.
Ningbo Port October
box volume up 14.2%
Ningo Port saw 38.65 million tonnes of goods move through the port in October, up 14.8 percent from a year earlier, while container throughput was 1.41 million TEUs, up 14.2 percent.
Da Chan Bay gets into meat business
Da Chan Bay Terminal One in Shenzhen has received approval to handle meat imports and has equipped its facilities to cater to increasing cargo volumes.
Spainish airport, unions agree on layoff plan
Spanish airport operator Aena has reached an agreement with unions to offer voluntary redundancy to more than 10 percent of its workforce, reported Reuters.
Air India seeks loan to pay for Dreamliners
Air India plans to take a bridge loan of up to US$250 million to take delivery of two new Dreamliner planes from Boeing Co in November, a senior executive at the airline said.
| | China fund gets slice of Heathrow
An arm of China's sovereign wealth fund has taken a 10 percent stake in the holding company controlling Britain's largest airport Heathrow, reported Reuters. Spanish infrastructure company Ferrovial sold 5.
Clouds lifting for top
two European airlines
Lufthansa and Air France-KLM reported stronger-than-expected third-quarter earnings partly from cost-saving programmes currently under way, though the German flag carrier said it would have to step up its cost-cutting efforts to restore its European
Shutters down still at New York port
The Port of New York is effectively closed, awaiting damage assessments and needed repair from the US Coast Guard in the aftermath of hurricane Sandy, sources said, "The port is pretty much closed until tomorrow," one regional bunker trader said,
Piraeus volumes soar after Cosco takeover
The container handling rate at the Greek port of Piraeus has soared this year, with the Piraeus Container Terminal (PCT), a subsidiary of China's giant Cosco Pacific, handling more than 1.
DP World bags India terminal project
DP World has won the auction to set up a new container loading facility at Jawaharlal Nehru port near Mumbai after the Dubai-based port operator agreed to increase its revenue share offer by a percentage point, reported The Mint.
Con-way third quarter income slips
Con-way Inc reported third-quarter net income of US$25.3 million compared with $29.1 million a year earlier, reported PR Newswire.
UPS offer for TNT extended to February 28
Authorities in the Netherlands have extended the offer period for United Parcel Service's (UPS) proposed acquisition of Dutch rival TNT Express to no later than the end of February, reported Dow Jones Newswires.
KART launches China-Vietnam LTL trucking service
Kerry Asia Road Transport (KART) has launched a new scheduled twice-weekly trucking service connecting Shenzhen and Hanoi, through its ASEAN-China road network.
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