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- Edition: 1407
Headlines
Contents We are broke, Air Namibia tells pilots
Theo Namases, the managing director of Air Namibia, says the national airline does not have the money to increase the offer made to striking pilots, reported All Africa.
C919 may help revive China's Eastern Air
China's home-developed C919 large passenger aircraft could help the revival of bankrupt US air carrier Eastern Air Lines, which ceased operations in 1991, reported China Daily.
Malaysian Air lines up $1.73b bond to buy new aircraft
Loss-making Malaysian Airline System (MAS) has secured a state-backed Islamic bond facility to raise up to US$1.73 billion for the purchase of eight new wide-body Airbus aircraft.
Estonian Air to halve workforce to avert bankruptcy
State-owned Estonian Air plans to lay off about half of its workforce to deal with a notable cutback in flight volumes in a move that comes as Estonia's government lobbies the European Commission to allow it to bail the company out in order to avoid
EU to probe Latvian state aid to AirBaltic
The European Union is launching a probe into Latvia's rescue of airBaltic to determine whether the aid gave the state-owned airline an unfair market advantage, reported Reuters.
Iberia unions shun restructure talks
Unions representing flight crews and airport workers at Spanish airline Iberia said they won't enter negotiations on a drastic restructuring plan announced by owner International Airlines Group (IAG) that would entail 4,500 job losses and salary
US Airways flight attendants vote to strike
Flight attendants at US Airways Group Inc , looking to bring more pressure on the carrier to reach a contract agreement, voted by a 94 percent margin to authorise a strike, reported Reuters.
Croatia flag carrier to get capital boost, cut jobs
State-owned Croatia Airlines will be handed a US$136 million government boost to its efforts to become profitable from 2013, reported Reuters.
New Customs levy cuts rebates to lines at Kochi port
Shipping lines calling at Kochi Port may not get the benefit of some concessions now being offered by the port management to attract more vessels, reported The Hindu.
| | Two bustling US ports face strikes
Two big US West Coast maritime ports – in Oakland, California and Portland, Oregon – are dealing with strikes or the threat of organised labour action ahead of the busy holiday season, reported The Wall Street Journal.
CMA CGM posts $371m
profit in third quarter
CMA CGM, the world's third-largest container shipping group, said it was on course for a full-year profit after reporting a net profit of US$371 million in the third quarter.
Adani, Essar to bid for Chennai's terminal project
The Union home ministry has allowed Essar Ports and Adani Ports to bid for the mega container terminal project in Chennai, clearing the decks for the shipping ministry to begin the process of awarding the US$724.44 million project, reported The Times.
CN Rail picks up business abandoned by Canadian Pacific
Canadian National Railway is gaining modestly from markets abandoned by smaller competitor Canadian Pacific Railway, CN's chief marketing officer said, reported Reuters.
SAS avoids bankruptcy after deal with unions
Scandinavia's flagship airline SAS averted imminent bankruptcy on Monday after all eight unions signed new collective agreements that will see jobs, salaries and pensions cut in the hope of restoring the company's competitiveness and profitability,
High-fliers plot against Qantas chiefs
Some of Australia's highest-profile businessmen, including ad man John Singleton and former Qantas CEO Geoff Dixon, have been linked to secret talks on an audacious bid to clean out the airline's management, reported The Age.
ACS flies in support for New York rebuilding effort
Air Charter Service has been busy arranging aircraft charters to provide vital support to thousands of New Yorkers trying get their lives back to normal following the devastation wrought by Hurricane Sandy last month.
CSCL to make net gain of $112m from box sale
China Shipping Container Lines (CSCL) plans to sell a fifth of its shipping containers for US$358.6 million to raise cash and strengthen its financial position amid a shipping downturn.
Chennai marks a milestone with 1m boxes
The second private container terminal at Chennai Port Trust has reached a milestone in handling one million containers within a span of 39 months, reported The Hindu.
Vietnam to limit operations of foreign ships
Vietnam's Ministry of Transport has issued a document to temporarily halt foreign ships' operations in the container transport market to support local firms which are losing in the domestic market, reported Vietnam News Briefs Service.
DHL hitches a ride on Thai growth
DHL, the global leader in logistics, will spend US$63.83 million on its supply chain business in Thailand over the next two and a half years, cementing the firm's position in its fastest-growing Asia-Pacific market, reported the Bangkok Post.
DB Schenker opens new facility in Australia
DB Schenker recently has established a new major logistics warehouse and operations centre in Sydney.
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