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- Edition: 1404
Headlines
Contents AAT tonnage falls 4% in October
Asia Airfreight Terminal Co Ltd (AAT) announced that its tonnage throughput in October 2012 was 59,979 tonnes, recording a drop of 4% compared with the same period last year.
Aircraft made in China
attracts more orders
China's first homegrown commercial jetliner got a further boost with new orders for 50 more planes, though a noticeable lack of foreign airline interest and concerns over development delays continue to cloud its prospects.
Lufthansa agrees on cabin crew pay rise
Lufthansa agreed to raise cabin crew pay by nearly four percent over a two-year period from January under a new deal with unions that will remove the threat of more strikes over the Christmas holiday season, reported Reuters.
SAS rules out talks on pay cuts and job losses
Crisis-hit Scandinavian airline SAS has no room to cut a deal with unions to ease the pain of pay cuts and job losses as it fights for survival, its chief executive said, reported Reuters.
INTTRA links up with Security Cargo Network
Ocean shipping network INTTRA and Security Cargo Network (SCN), a global alliance of independent international freight forwarders with more than 400 member offices, have partnered to provide INTTRA's ocean shipping solutions to all members of SCN.
Small US retailers expect a happy holiday
Small business retailers are anticipating a happy holiday with ringing cash registers, according to a nationwide survey commissioned by FedEx.
SAS to fire 6,000 to keep flying
Loss-making Scandinavian airline SAS will sell some of its assets and shed 6,000 staff to secure government-backed loans and stay in business after years of struggling with high costs, reported Reuters.
Emirates defies aviation gloom to double profit
Emirates, Dubai's flagship carrier, doubled its first-half profit, carried more passengers and surged ahead with its growth plans, leaving its struggling European, US and Asian rivals trailing. Emirates said net profit was US$462.
Carriers welcome end of emissions plan
The Association of Asia Pacific Airlines (AAPA) has given a cautious welcome in response to the announcement by the European Commissioner for Climate Action suspending the inclusion of international aviation in the European Union Emissions Trading Scheme
| | Gulf Air cuts Boeing order, revises Airbus deal
Gulf Air, Bahrain's struggling national carrier, has cut its order for Boeing's Dreamliner and also revised a deal with Airbus, as it restructures its fleet to cope with a tough market, reported Reuters.
LATAM Airlines posts loss on Chile tax change
Newly merged regional carrier LATAM Airlines posted a US$63.7 million net loss for the third quarter, as a corporate tax rise in Chile and costs associated with the merger stung the carrier's bottom line, reported Reuters.
Philippine port operator rides on higher volumes
Asian Terminals Inc (ATI) saw net income grow by nearly a fifth in the third quarter on higher revenues from operations, reported BusinessWorld. The company recorded a net income of US$10.62 million from July to September, 18.
Hong Kong to de-flag 19 Iranian ships
Hong Kong will stop allowing 19 ships linked to the Islamic Republic of Iran Shipping Lines (IRISL) from operating under its flag, a government letter showed, in the latest blow to Tehran's sanctions-hit global trade, reported Reuters.
Port of Salalah reports strong Q3 results
Container volumes at Port of Salalah grew by 15 per cent year-on-year to 2.75 million TEUs for the three months ending September 30, against 2.39 million TEUs the previous year, reported Mist News.
Mainfreight first half profit down 4.6%
New Zealand company Mainfreight reported a lower first half net profit, largely due to the poor trading performance of its European operations, reported Dow Jones Newswires.
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