CargonewsXpress - Edition 1403

If this newsletter is not properly displayed, please click here. ABOUT US SUBSCRIPTION ADVERTISING CONTACT US - Edition: 1403 Headlines American Airlines, pilots reach deal HNA Group may cancel order for 10 A380s IAG to cut 4,500 jobs at Iberia Banks give nod to SAS turnaround plan Rotterdam to lower port dues next year Shanghai throughput up second straight month Maersk in the black afterfour quarterly losses APM Terminals to invest $2b in Mexican port Dachser gets lift with Schindler deal Contents American Airlines, pilots reach deal American Airlines and its pilots union have reached an agreement in principle over a new contract, which could ultimately pave the way for the airline to exit bankruptcy, the pilots union said. HNA Group may cancel order for 10 A380s HNA Group, China's fourth-largest aviation group, is in talks with Airbus and may cancel its order for 10 A380 aircraft with a total list price of US$3.8 billion due to weak market conditions, chairman Chen Feng said, reported Reuters. IAG to cut 4,500 jobs at Iberia International Consolidated Airlines Group, parent of British Airways and Spain's Iberia, took an axe to its loss-making Iberia subsidiary with plans to cut 4,500 jobs, downsize its fleet by 25 aircraft and reduce capacity by 25 percent as the airline Banks give nod to SAS turnaround plan Scandinavian airline SAS is expected to announce a cost-cutting plan, approved by its lenders, containing over 1,000 staff reductions and pay cuts, Denmark's TV2 said. Rotterdam to lower port dues next year Dues in Rotterdam will be lowered next year to below the 2008 level. The existing discounts will be maintained, inflation will not be passed on again and the Port of Rotterdam Authority will be giving an extra two percent discount on the port dues. Shanghai throughput up second straight month Shanghai Port, the world's busiest container port, saw its container volume rise 1.4 percent in October from a year earlier, with the growth rate picking up for the second straight month, reported Reuters. Container throughput reached 2. Maersk in the black after four quarterly losses Rebounding container rates helped Maersk Line post a third quarter operating profit of $547 million compared with a loss of $255 million and made parent A P Moller-Maersk raise the group's full-year outlook. APM Terminals to invest $2b in Mexican port Netherlands-based APM Terminals plans to invest US$2 billion to expand the container terminals of the Mexican Pacific port of Lazaro Cardenas, a project that will create 3,000 direct jobs, reported EFE News Service. Dachser gets lift with Schindler deal Dachser has secured a contract to handle all of Jardine Schindler Group's China origin ocean cargo for 12 business units in Asia.   Produced by Cargonews Asia 10/F, Block C, Seaview Estate, 2-8 Watson Road, North Point, Hong Kong. Tel: 852-3965 7800 Fax: 852-2508 0255 Contact Editorial: cnaedit@cargonewsasia.com.hk Advertising: octang@cargonewsasia.com.hk Other enquiry: customer@cargonewsasia.com.hk You have been sent this email because you requested to receive it, either as a registered user of CargonewsAsia.com, or as a registered reader of Cargonews Asia newspaper. If you would like to unsubscribe from this newsletter click here. If you received this newsletter from a friend and you would like to subscribe to it free of charge please go to the cargonewsasia.com registration page and fill out the registration form. This news service is designed for optimal viewing with MS Outlook. Copyright @2002-2009 Marshall Cavendish Business Information (HK) Ltd. All Rights Reserved.