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- Edition: 1406
Headlines
Contents SAS inks deal with two unions in survival talks
Scandinavian airline SAS reached agreements with two Norwegian unions and pushed on with talks with other unions in a bid to ensure the group's survival and avoid bankruptcy, reported Reuters.
Qatar Airlines to sell Cargolux stake
Qatar Airways is to sell its stake in Luxembourg's all-cargo airline Cargolux after a disagreement over the future direction of the airline, a Cargolux spokeswoman said, reported Reuters.
Star Alliance braces for TAM departure
Star Alliance is girding for the likely departure of Brazilian carrier TAM, which would leave the marketing and frequent flyer partnership without a foothold in the key Brazilian market, reported Dow Jones Newswires.
Virgin America to cancel 20 Airbus orders
Five-year-old Virgin America, which has had only one profitable quarter in its history, is ending a breakneck growth streak and plans to cancel orders for 20 of 30 Airbus jetliners in the hopes of improving its financial picture by letting its new routes
Virgin Atlantic wins Heathrow slots
Virgin Atlantic has won all of the London Heathrow take-off and landing slots that British Airways was forced to give up after the acquisition of bmi, and it aims to use them to compete on flights to Scotland, reported Reuters.
GPA bigger rail yard slashes Atlanta transit
Georgia Ports Authority's expanded Mason Intermodal Container Transfer Facility is open for business, with improvements cutting round-trip Norfolk Southern train movements to Atlanta by six hours.
TSA rate rise postponed to December 15
Transpacific carriers have delayed by two weeks the planned implementation of a December 1 general rate increase.
Gulftainer awarded Tripoli port contract
UAE-based port operator Gulftainer has been awarded a concession to develop and operate a new container terminal at the Port of Tripoli, reported The Daily Star.
Maersk plans to move away from shipping
Danish oil and shipping group A P Moller-Maersk will not invest significantly in its shipping business over the next five years and will focus on its oil, drilling rigs and ports, the Financial Times reported.
| | More Indian ports want cabotage rules eased
After the government relaxed cabotage rules for containerised cargo for DP World's Vallarpadam terminal in Cochin Port, the Shipping Ministry has started receiving demands for similar relaxation from ports that handle containers, such as JN Port and
One million and counting for Chennai terminal
PSA International's Chennai International Terminal on Saturday handled its one-millionth container since beginning of terminal operations.
UPS increases rates for 2013
United Parcel Service (UPS) will increase its rates next year on all UPS air and US origin international services by 4.5 percent and ground services by 4.9 percent, reported Dow Jones Newswires.
ASL Aviation to buy TNT Express airlines
Ireland's ASL Aviation Group has agreed to buy TNT Express's two airlines for an undisclosed sum provided UPS's US$6.64 billion acquisition of the Dutch logistics company goes through, reported the Irish Times.
FedEx seeks to open Vietnam unit
FedEx Express is seeking approval from the Vietnamese government to set up a wholly owned company in the country, the Ministry of Planning and Investment said, reported Dow Jones Newswires.
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